Repower AR 2022

15Tangible assets

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


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

Gross values at 1 January 2022	1,060,223	796,577	52,557	71,486	60,857	2,041,700
Own costs capitalised	-	228	10,889	-	-	11,117
Additions	725	220	62,404	2,753	3,870	69,972
Subsidies received	-	-	–15,514	-	-	–15,514
Disposals	–8,370	–10,026	-	–983	–839	–20,218
Reclassifications between asset classes	17,908	22,490	–38,602	–4,770	2,562	–412
Effect of currency translation	–26,802	-	–551	–815	–1,301	–29,469
Gross values at 31 December 2022	1,043,684	809,489	71,183	67,671	65,149	2,057,176

Accumulated depreciation and value adjustments at 1 January 2022	–614,511	–471,312	–9,268	–34,560	–43,003	–1,172,654
Depreciation	–29,526	–17,020	-	–684	–3,223	–50,453
Impairments	-	-	-	–151	-	–151
Reversal of impairment charges	-	-	-	3,819	-	3,819
Disposals	6,505	9,016	-	293	800	16,614
Reclassifications between asset classes	–2,349	-	-	2,349	-	-
Effect of currency translation	13,844	-	206	577	734	15,361
Accumulated depreciation and value adjustments at 31 December 2022	–626,037	–479,316	–9,062	–28,357	–44,692	–1,187,464
Net values at 31 December 2022	417,647	330,173	62,121	39,314	20,457	869,712
of which security pledged for debts						159,904

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

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, which are recognised in power plants, totalled CHF 8,043 thousand (prior year: CHF 9,044 thousand) at the closing date.

Total lease liabilities come to CHF 5,799 thousand (prior year: CHF 6,902 thousand).