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Jotun - Annual Report 2015

58 JOTUN A/S 7 PROPERTY, PLANT AND EQUIPMENT MACHINERY, ELECTRICAL VEHICLES AND CONTRUCTION (NOK THOUSAND) LAND BUILDINGS INSTALLATION EQUIPMENT IN PROGRESS TOTAL COST Balance at 1 January 2014 14 469 664 411 93 358 1 087 742 20 365 1 880 345 Additions 173 54 143 2 790 58 958 –1 716 114 348 Disposals – – – –494 – –494 Reclassification and corrections – – –1 390 1 390 – – Balance at 31 December 2014 14 642 718 554 94 758 1 147 596 18 649 1 994 199 Additions – 5 513 1 160 22 758 49 297 78 729 Disposals – –87 585 – –222 389 – –309 975 Balance at 31 December 2015 14 642 636 482 95 918 947 965 67 946 1 762 953 DEPRECIATION AND IMPAIRMENT Balance at 1 January 2014 – –371 898 –12 140 –630 117 – –1 014 155 Depreciation – –58 093 –9 328 –90 895 – –158 315 Reclassification and corrections – – 351 –351 – – Balance at 31 December 2014 – –429 991 –21 117 –721 363 – –1 172 470 Depreciation – –20 527 –9 507 –63 385 – –93 418 Disposals – 84 766 – 219 703 – 304 469 Balance at 31 December 2015 – –365 751 –30 624 –565 045 – –961 419 NET BOOK VALUE Balance at 31 December 2015 14 642 270 731 65 295 382 920 67 946 801 533 Balance at 31 December 2014 14 642 288 563 73 641 426 233 18 649 821 728 Disposals are primary related to the sales of two dormant production sites located in Fredrikstad and Manger, as well as demolition of production facilities in Sandefjord. See Jotun Group’s note 8 for further information.


Jotun - Annual Report 2015
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