15 Tangible assets

CHF thousand	Power plants	Grids	Assets under construction	Land and buildings	Other	Total


Gross values at 1 January 2020	984,813	775,316	33,358	71,087	56,193	1,920,767
Own costs capitalised	-	207	9,026	-	-	9,233
Additions	1,530	5,428	30,818	594	1,369	39,739
Additions from changes in consolidation	71,496	-	-	622	31	72,149
Subsidies received	-	-	–2,053	-	-	–2,053
Disposals	–1,652	–8,935	–17	–128	–318	–11,050
Reclassifications between asset classes	3,351	23,048	–26,698	837	337	875
Effect of currency translation	–1,425	-	6	–56	–105	–1,580
Gross values at 31 December 2020	1,058,113	795,064	44,440	72,956	57,507	2,028,080

Accumulated depreciation and value adjustments at 1 January 2020	–573,520	–457,992	–9,491	–33,783	–36,942	–1,111,728
Depreciation	–27,079	–17,431	-	–729	–3,706	–48,945
Disposals	1,502	7,901	-	29	120	9,552
Reclassifications between asset classes	–25	-	-	–305	-	–330
Effect of currency translation	1,082	-	22	65	50	1,219
Accumulated depreciation and value adjustments at 31 December 2020	–598,040	–467,522	–9,469	–34,723	–40,478	–1,150,232
Net values at 31 December 2020	460,073	327,542	34,971	38,233	17,029	877,848
of which security pledged for debts						99,843

Gross values at 1 January 2021	1,058,113	795,064	44,440	72,956	57,507	2,028,080
Own costs capitalised	-	182	9,602	-	-	9,784
Additions	4,596	197	56,918	57	2,595	64,363
Subsidies received	–338	-	–7,644	-	-	–7,982
Disposals	–1,485	–20,690	–1,081	–766	–288	–24,310
Reclassifications between asset classes	25,346	21,824	–49,175	8	2,225	228
Effect of currency translation	–26,009	-	–503	–769	–1,182	–28,463
Gross values at 31 December 2021	1,060,223	796,577	52,557	71,486	60,857	2,041,700

Accumulated depreciation and value adjustments at 1 January 2021	–598,040	–467,522	–9,469	–34,723	–40,478	–1,150,232
Depreciation	–30,049	–16,991	-	–743	–3,459	–51,242
Disposals	455	13,201	-	262	249	14,167
Reclassifications between asset classes	–60	-	-	-	-	–60
Effect of currency translation	13,183	-	201	644	685	14,713
Accumulated depreciation and value adjustments at 31 December 2021	–614,511	–471,312	–9,268	–34,560	–43,003	–1,172,654
Net values at 31 December 2021	445,712	325,265	43,289	36,926	17,854	869,046
of which security pledged for debts						167,747

Land and buildings connected with power generation and grid facilities are stated under generation and grid assets.

The increase in the net values of tangible assets pledged as security for debts relates in particular to bank loan taken up in connection with the early redemption of financial leases.

The stated subsidies received are essentially subsidies received in connection with the total renovation of Robbia power plant.

Leased power plants

The net carrying amount of the generation assets held as part of the finance leasing agreement totalled CHF 9,044 thousand (previous year: CHF 22,938 thousand) at the closing date.

Total lease liabilities come to CHF 6,902 thousand (prior year: CHF 16,363 thousand). A lease was terminated prematurely in the 2021 financial year.