5. Property, plant and equipment

in CHF m	Land	Buildings	Machinery and equipment	Furniture, vehicles, computer hardware	Assets under construction	Total 2016
Cost
As per 1 January	408	1 722	2 673	340	427	5 570
Additions	—	11	56	15	215	297
Acquired in business combinations (see note 26)	4	17	20	28	1	70
Reclassified to held for sale (see note 25)	–6	—	—	—	—	–6
Disposals	–13	–17	–27	–22	—	–79
Reclassifications	11	54	114	42	–221	—
Exchange rate differences	—	–2	–90	–7	5	–94
At 31 December	404	1 785	2 746	396	427	5 758
Accumulated depreciation and impairment
As per 1 January	–108	–1 142	–1 975	–262	—	–3 487
Reclassified to held for sale (see note 25)	1	—	—	—	—	1
Disposals	1	7	26	21	—	55
Depreciation	—	–47	–133	–30	—	–210
Impairment (see note 27)	—	–3	–6	—	—	–9
Reclassifications	—	1	16	–17	—	—
Exchange rate differences	1	4	84	8	—	97
At 31 December	–105	–1 180	–1 988	–280	—	–3 553

Net book value	299	605	758	116	427	2 205

(XLS:) Download

in CHF m	Land	Buildings	Machinery and equipment	Furniture, vehicles, computer hardware	Assets under construction	Total 2015
Cost
As per 1 January	452	1 936	3 005	369	161	5 923
Additions	2	13	38	19	302	374
Acquired in business combinations	—	4	5	—	—	9
Disposals	–2	–72	–133	–24	—	–231
Reclassifications	1	23	13	14	–22	29
Exchange rate differences	–45	–182	–255	–38	–14	–534
At 31 December	408	1 722	2 673	340	427	5 570
Accumulated depreciation and impairment
As per 1 January	–125	–1 292	–2 107	–282	–13	–3 819
Disposals	—	72	133	22	—	227
Depreciation	—	–47	–128	–28	—	–203
Impairment (see note 27)	—	–1	–1	—	—	–2
Reclassifications	7	13	–60	–2	13	–29
Exchange rate differences	10	113	188	28	—	339
At 31 December	–108	–1 142	–1 975	–262	—	–3 487

Net book value	300	580	698	78	427	2 083

Impairments recognized in 2016 and 2015 arose as a result of restructuring measures entailing site closures.

In 2016 Clariant sold office buildings in Germany and in China realizing a gain of CHF 23 million.

As at 31 December 2016, commitments for the purchase of property plant and equipment concerned various projects mainly in Germany, Saudi Arabia and in the United States and totalled CHF 49 million (2015: CHF 105 million).

As per 31 December 2016, property, plant and equipment acquired by way of finance lease, with costs of CHF 18 million (2015: CHF 24 million) and a net book value of CHF 9 million (2015: CHF 11 million) were recorded.

In a number of cases Clariant companies act as lessors in operating lease arrangements. This concerns exclusively land and buildings, mainly in Germany and Switzerland. The net book value of land and buildings subject to such arrangements amounted to CHF 167 million (gross book value of CHF 651 million, accumulated depreciation and impairment of CHF 484 million) on 31 December 2016 (2015: gross book value of CHF 667 million, accumulated depreciation and impairment of CHF 499 million and a net book value of CHF 168 million). Leasing income in the reporting period amounted to CHF 15 million (2015: CHF 16 million). Expected minimum lease income varies between CHF 8 million and CHF 13 million (2015: CHF 10 million and CHF 15 million) per annum for the next five years and amounts to CHF 107 million for later periods (2015: CHF 116 million).

Integrated Report

Sustainability Report

Integrated Report 2016

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