110
CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
14. PROPERTY, PLANT AND EQUIPMENT
Land
Buildings
Leasehold land,
buildings and
improvements
Plant and
equipment
Total property,
plant and
equipment
Note
$m
$m
$m
$m
$m
At 1 January 2015
Cost or fair value
5.2
37.6
96.7
3,869.6
4,009.1
Accumulated depreciation
-
(16.0)
(61.2)
(2,305.4)
(2,382.6)
Net book amount
5.2
21.6
35.5
1,564.2
1,626.5
Year ended 31 December 2015
Opening net book amount
5.2
21.6
35.5
1,564.2
1,626.5
Additions
1
-
-
3.0
248.9
251.9
Disposals
(4.8)
(20.7)
-
(207.5)
(233.0)
Net transfers (to) / from assets held for sale
-
-
-
54.0
54.0
Depreciation
-
(0.7)
(11.7)
(484.2)
(496.6)
Effects of exchange rate fluctuations
-
-
0.8
109.2
110.0
Closing net book amount
2
0.4
0.2
27.6
1,284.6
1,312.8
Year ended 31 December 2015
Cost or fair value
0.4
0.6
86.9
3,372.7
3,460.6
Accumulated depreciation and impairment
-
(0.4)
(59.3)
(2,088.1)
(2,147.8)
Net book amount
0.4
0.2
27.6
1,284.6
1,312.8
Year ended 31 December 2016
Opening net book amount
0.4
0.2
27.6
1,284.6
1,312.8
Additions
1
-
-
28.2
252.0
280.2
Acquisitions
29
2.7
1.9
4.4
80.1
89.1
Disposals
(0.2)
(0.1)
(0.6)
(102.0)
(102.9)
Net transfers (to) / from assets held for sale
-
-
-
39.8
39.8
Depreciation
-
(0.1)
(8.2)
(296.6)
(304.9)
Effects of exchange rate fluctuations
-
-
-
41.6
41.6
Closing net book amount
2
2.9
1.9
51.4
1,299.5
1,355.7
Year ended 31 December 2016
Cost or fair value
2.9
2.4
109.6
3,415.6
3,530.5
Accumulated depreciation and impairment
-
(0.5)
(58.2)
(2,116.1)
(2,174.8)
Net book amount
2.9
1.9
51.4
1,299.5
1,355.7
1
Additions to property, plant and equipment include finance lease additions of $nil (12 months to December 2015: $6.7 million).
2
Plant and equipment with net book value of $47.8 million
(31 December 2015: $288.4 million) is held under finance lease.
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