2012 Half year financial report

The table below details the breakdown of plant, property and equipment as of 30 June 2012 and 31 December 2011, as well as changes for the period.

In thousands of Euros Land Buildings
Plant and
equipment
Equipment
Other
assets
Assets
under
construction
and
advances
Total
Historical cost 31,586 131,760 335,935 471,529 43,343 51,516 1,065,669
Reversals 0
Provisions for writedown (1,339) (1,339)
Accumulated
depreciation
(46,950) (266,346) (439,050) (37,113) (789,459)
Assets as of
31.12.2011
31,586 84,810 69,589 31,140 6,230 51,516 274,871
Investments 158 1,466 3,997 370 31,202 37,193
Transitions in the period 7,988 21,562 2,102 813 (32,465) 0
Depreciation (2,222) (7,427) (7,879) (916) (18,444)
Disposals 0 (10) (40) (46) (34) (130)
Impairment 0 0
Exchange differences (196) (779) (3) (13) 567 (424)
Other movements 1,363 6,436 1,023 151 0 8,973
Total changes 0 7,091 21,248 (800) 359 (730) 27,168
Historical cost 31,586 141,071 364,411 478,065 44,897 50,786 1,110,816
Reversals 0
Provisions for writedown (1,441) (1,441)
Accumulated
depreciation
(49,170) (273,574) (446,284) (38,308) (807,336)
Assets as of
30.06.2012
31,586 91,901 90,837 30,340 6,589 50,786 302,039

The breakdown of plant, property and equipment for the period and under construction is as follows:


Value as of 30 June 2012
Value as of 31 December 2011
Change
In thousands of Euros
For the
period

Under
construction
and
advances
Total
For the
period

Under
construction
and
advances
Total
For the
period

Under
construction
and
advances
Total
Land 31,586
31,586 31,586
31,586 0 0 0
Buildings 91,901 18,198 110,099 84,810 18,253 103,063 7,091 (55) 7,036
Plant and equipment 90,837 22,913 113,750 69,589 24,155 93,744 21,248 (1,242) 20,006
Equipment 30,340 8,918 39,258 31,140 8,493 39,633 (800) 425 (375)
Other assets 6,589 757 7,346 6,230 615 6,845 359 142 501
Total 251,253 50,786 302,039 223,355 51,516 274,871 27,898 (730) 27,168

 The item Plant, property and equipment was affected by the acquisition of the company Tecnocontrol. The impact is indicated under "Other movements" and concerns a value of €/000 2,113 for Buildings, €/000 6,456 for Plant and Machinery, €/000 1,142 for Equipment and €/000 68 for Other assets.
Plant, property, and equipment mainly refer to Group production facilities in Pontedera (Pisa), 84 Noale (Venice), Mandello del Lario (Lecco), Barcelona (Spain), Baramati (India) and Vinh Phuc (Vietnam).
Increases principally concern moulds for new vehicles launched in the period, the construction of the new spare parts warehouse at Pontedera, completion of the Vespa plant in India and development of the new engines plant in Vietnam.

As of 30 June 2012, the net values of assets held under leases were as follows:

In thousands of Euros As of 30 June 2012
Mandello del Lario site (land and building) 13,344
Total 13,344

Future lease rental commitments are detailed in note 30.

Guarantees

As of 30 June 2012, the Group had land and buildings encumbered by mortgage liens or privileges in favour of banks to secure loans obtained in previous years.