Annual Report 2024

Notes

13. Property, plant and equipment

CHANGES IN PROPERTY, PLANT AND EQUIPMENT IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2024

€ million

 

Land, land rights and buildings, including buildings on third-party land

 

Technical equipment and machinery

 

Other equipment, operating and office equipment

 

Payments on account and assets under con­struction

 

Total

 

 

 

 

 

 

 

 

 

 

 

Cost
Balance at Jan. 1, 2024

 

52,814

 

54,271

 

95,537

 

11,001

 

213,622

Foreign exchange differences

 

267

 

183

 

292

 

129

 

872

Changes in consolidated Group

 

159

 

22

 

30

 

5

 

215

Additions

 

2,524

 

1,450

 

4,731

 

8,004

 

16,710

Transfers

 

1,068

 

2,006

 

2,561

 

−5,882

 

−247

Disposals

 

897

 

1,862

 

2,971

 

249

 

5,978

Balance at Dec. 31, 2024

 

55,935

 

56,070

 

100,181

 

13,007

 

225,194

Amortization and impairment
Balance at Jan. 1, 2024

 

24,627

 

42,857

 

79,243

 

15

 

146,742

Foreign exchange differences

 

112

 

165

 

249

 

0

 

526

Changes in consolidated Group

 

35

 

12

 

12

 

 

59

Additions to cumulative amortization

 

2,439

 

3,027

 

5,437

 

 

10,903

Additions to cumulative impairment losses

 

139

 

132

 

62

 

92

 

424

Transfers

 

−23

 

11

 

17

 

−3

 

1

Disposals

 

643

 

1,798

 

2,447

 

 

4,887

Reversal of impairment losses

 

7

 

5

 

5

 

9

 

26

Balance at Dec. 31, 2024

 

26,680

 

44,401

 

82,567

 

95

 

153,742

Carrying amount at Dec. 31, 2024

 

29,256

 

11,670

 

17,614

 

12,912

 

71,452

CHANGES IN PROPERTY, PLANT AND EQUIPMENT IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2023

€ million

 

Land, land rights and buildings, including buildings on third-party land

 

Technical equipment and machinery

 

Other equipment, operating and office equipment

 

Payments on account and assets under con­struction

 

Total

 

 

 

 

 

 

 

 

 

 

 

Cost
Balance at Jan. 1, 2023

 

50,789

 

53,934

 

91,212

 

9,991

 

205,925

Foreign exchange differences

 

−281

 

−268

 

−288

 

−100

 

−936

Changes in consolidated Group

 

−298

 

−464

 

−434

 

−418

 

−1,614

Additions

 

2,080

 

1,280

 

4,326

 

7,141

 

14,826

Transfers

 

1,194

 

798

 

3,595

 

−5,446

 

142

Disposals

 

670

 

1,009

 

2,874

 

166

 

4,720

Balance at Dec. 31, 2023

 

52,814

 

54,271

 

95,537

 

11,001

 

213,622

Amortization and impairment
Balance at Jan. 1, 2023

 

23,083

 

42,377

 

76,565

 

10

 

142,035

Foreign exchange differences

 

−113

 

−216

 

−239

 

0

 

−568

Changes in consolidated Group

 

−281

 

−446

 

−413

 

−10

 

−1,150

Additions to cumulative amortization

 

2,337

 

3,053

 

4,712

 

 

10,102

Additions to cumulative impairment losses

 

26

 

185

 

19

 

13

 

244

Transfers

 

−2

 

−1,134

 

1,246

 

6

 

116

Disposals

 

423

 

962

 

2,642

 

0

 

4,026

Reversal of impairment losses

 

0

 

1

 

6

 

3

 

10

Balance at Dec. 31, 2023

 

24,627

 

42,857

 

79,243

 

15

 

146,742

Carrying amount at Dec. 31, 2023

 

28,186

 

11,414

 

16,294

 

10,986

 

66,880

Government grants of €180 million (previous year: €237 million) were deducted from the cost of property, plant and equipment.

In connection with land and buildings, real property liens of €2,038 million (previous year: €1,497 million) are pledged as collateral for partial retirement obligations, financial liabilities and other liabilities.