Annual Report 2022

Annual Report 2022

12. Property, Plant, and Equipment

Property, plant, and equipment – owned

Cost(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Jan. 1, 2021

 

966

 

1,194

 

741

 

342

 

3,243

Currency translation adjustment

 

15

 

10

 

10

 

5

 

40

Acquisitions

 

—

 

—

 

—

 

—

 

—

Additions

 

21

 

27

 

47

 

307

 

402

Disposals

 

–48

 

–39

 

–43

 

–18

 

–148

Transfers

 

38

 

53

 

12

 

–109

 

–6

Dec. 31, 2021/Jan. 1, 2022

 

992

 

1,245

 

767

 

527

 

3,531

Currency translation adjustment

 

12

 

7

 

4

 

5

 

28

Acquisitions

 

8

 

3

 

5

 

—

 

16

Divestments

 

–5

 

–15

 

–5

 

–1

 

–26

Additions

 

12

 

39

 

50

 

441

 

542

Disposals

 

–41

 

–48

 

–52

 

–6

 

–147

Transfers

 

11

 

38

 

31

 

–164

 

–84

Dec. 31, 2022

 

989

 

1,269

 

800

 

802

 

3,860
Depreciation/Impairment Loss(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Jan. 1, 2021

 

432

 

780

 

560

 

–1

 

1,771

Currency translation adjustment

 

5

 

6

 

6

 

—

 

17

Acquisitions

 

—

 

—

 

—

 

—

 

—

Additions

 

37

 

85

 

63

 

—

 

185

Disposals

 

–32

 

–32

 

–39

 

—

 

–103

Transfers

 

—

 

—

 

—

 

—

 

—

Dec. 31, 2021/Jan. 1, 2022

 

442

 

839

 

590

 

–1

 

1,870

Currency translation adjustment

 

3

 

4

 

2

 

—

 

9

Acquisitions

 

1

 

—

 

3

 

—

 

4

Divestments

 

–2

 

–12

 

–4

 

–1

 

–19

Additions

 

35

 

70

 

72

 

—

 

177

Disposals

 

–34

 

–46

 

–50

 

—

 

–130

Transfers

 

–41

 

–16

 

–7

 

—

 

–64

Dec. 31, 2022

 

404

 

839

 

606

 

–2

 

1,847
Carrying Amounts(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Dec. 31, 2021

 

550

 

406

 

177

 

528

 

1,661

Dec. 31, 2022

 

585

 

430

 

194

 

804

 

2,013

The carrying amounts of property, plant, and equipment amounted to €2,013 million (previous year: €1,661 million). Investments in property, plant, and equipment totaled €542 million (previous year: €402 million). They primarily related to the plants of the two business segments, Consumer and tesa. The largest investment projects included the expansion of the plant locations in Germany (Leipzig), Poland and Mexico (€239 million). The construction of the new Group headquarters resulted in additions of €29 million.

Right-of-use assets – leased

Cost(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Jan. 1, 2021

 

225

 

4

 

43

 

—

 

272

Currency translation adjustment

 

8

 

—

 

—

 

—

 

8

Acquisitions

 

—

 

—

 

—

 

—

 

—

Additions

 

77

 

1

 

11

 

—

 

89

Disposals

 

–22

 

—

 

–9

 

—

 

–31

Transfers

 

—

 

—

 

—

 

—

 

—

Dec. 31, 2021/Jan. 1, 2022

 

288

 

5

 

45

 

—

 

338

Currency translation adjustment

 

3

 

—

 

1

 

—

 

4

Acquisitions

 

3

 

—

 

—

 

—

 

3

Additions

 

57

 

1

 

12

 

—

 

70

Disposals

 

–20

 

–1

 

–15

 

—

 

–36

Transfers

 

—

 

—

 

—

 

—

 

—

Dec. 31, 2022

 

331

 

5

 

43

 

—

 

379
Depreciation/Impairment Loss(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Jan. 1, 2021

 

91

 

1

 

22

 

—

 

114

Currency translation adjustment

 

3

 

—

 

—

 

—

 

3

Acquisitions

 

—

 

—

 

—

 

—

 

—

Additions

 

53

 

1

 

13

 

—

 

67

Disposals

 

–21

 

—

 

–9

 

—

 

–30

Transfers

 

—

 

—

 

—

 

—

 

—

Dec. 31, 2021/Jan. 1, 2022

 

126

 

2

 

26

 

—

 

154

Currency translation adjustment

 

1

 

—

 

—

 

—

 

1

Acquisitions

 

—

 

—

 

—

 

—

 

—

Additions

 

55

 

1

 

13

 

—

 

69

Disposals

 

–18

 

—

 

–15

 

—

 

–33

Transfers

 

—

 

—

 

—

 

—

 

—

Dec. 31, 2022

 

164

 

3

 

24

 

—

 

191
Carrying Amounts(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Dec. 31, 2021

 

162

 

3

 

19

 

—

 

184

Dec. 31, 2022

 

167

 

2

 

19

 

—

 

188
Carrying Amounts Property, Plant and Equipment total(in € million)

 

 

Land, land rights, and buildings

 

Technical equipment and machinery

 

Office and other equipment

 

Advance payments and assets under construction

 

Total

Dec. 31, 2021

 

712

 

409

 

196

 

528

 

1,845

Property, plant, and equipment – owned

 

550

 

406

 

177

 

528

 

1,661

Right of use assets – leased

 

162

 

3

 

19

 

—

 

184

Dec. 31, 2022

 

752

 

432

 

213

 

804

 

2,201

Property, plant, and equipment – owned

 

585

 

430

 

194

 

804

 

2,013

Right of use assets – leased

 

167

 

2

 

19

 

—

 

188

The Beiersdorf Group leases real estate, mainly in the form of office space, retail stores, and warehouses. The terms of the lease agreements are diverse and individually negotiated. Lease agreements are generally concluded for a period of three to ten years and may contain extension or termination options. The “Office and other equipment” category mainly comprises leased vehicles. Further information regarding the right-of-use assets, lease liabilities, and lease expenses can be found in the section “Significant Accounting Policies” as well as in Notes 8 and 30.

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