12. Property, Plant, and Equipment
Property, plant, and equipment – owned
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
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/Jan. 1, 2023 |
|
989 |
|
1,269 |
|
800 |
|
802 |
|
3,860 |
Currency translation adjustment |
|
2 |
|
–2 |
|
–6 |
|
21 |
|
15 |
Acquisitions |
|
— |
|
— |
|
— |
|
— |
|
— |
Divestments |
|
— |
|
— |
|
— |
|
— |
|
— |
Additions |
|
48 |
|
32 |
|
65 |
|
331 |
|
476 |
Disposals |
|
–6 |
|
–74 |
|
–45 |
|
–6 |
|
–131 |
Transfers |
|
320 |
|
131 |
|
61 |
|
–518 |
|
–6 |
Dec. 31, 2023 |
|
1,353 |
|
1,356 |
|
875 |
|
630 |
|
4,214 |
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
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/Jan. 1, 2023 |
|
404 |
|
839 |
|
606 |
|
–2 |
|
1,847 |
Currency translation adjustment |
|
— |
|
–1 |
|
–3 |
|
— |
|
–4 |
Acquisitions |
|
— |
|
— |
|
— |
|
— |
|
— |
Divestments |
|
— |
|
— |
|
— |
|
— |
|
— |
Additions |
|
34 |
|
80 |
|
67 |
|
— |
|
181 |
Disposals |
|
–5 |
|
–72 |
|
–44 |
|
— |
|
–121 |
Transfers |
|
— |
|
— |
|
— |
|
— |
|
— |
Dec. 31, 2023 |
|
433 |
|
846 |
|
626 |
|
–2 |
|
1,903 |
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2022 |
|
585 |
|
430 |
|
194 |
|
804 |
|
2,013 |
Dec. 31, 2023 |
|
921 |
|
510 |
|
248 |
|
632 |
|
2,311 |
The carrying amounts of property, plant, and equipment amounted to €2,311 million (previous year: €2,013 million). Investments in property, plant, and equipment totaled €476 million (previous year: €542 million). They primarily related to the plants of the two business segments, Consumer and tesa. The largest investment projects included the new construction of the plant locations in Germany (Leipzig), Poland and Mexico (€149 million). The construction of the new Group headquarters resulted in additions of €29 million.
Right-of-use assets – leased
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
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/Jan. 1, 2023 |
|
331 |
|
5 |
|
43 |
|
— |
|
379 |
Currency translation adjustment |
|
–9 |
|
— |
|
— |
|
— |
|
–9 |
Acquisitions |
|
— |
|
— |
|
— |
|
— |
|
— |
Additions |
|
97 |
|
— |
|
19 |
|
— |
|
116 |
Disposals |
|
–28 |
|
— |
|
–14 |
|
— |
|
–42 |
Transfers |
|
— |
|
— |
|
— |
|
— |
|
— |
Dec. 31, 2023 |
|
391 |
|
5 |
|
48 |
|
— |
|
444 |
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
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/Jan. 1, 2023 |
|
164 |
|
3 |
|
24 |
|
— |
|
191 |
Currency translation adjustment |
|
–5 |
|
— |
|
— |
|
— |
|
–5 |
Acquisitions |
|
— |
|
— |
|
— |
|
— |
|
— |
Additions |
|
56 |
|
1 |
|
13 |
|
— |
|
70 |
Disposals |
|
–28 |
|
— |
|
–14 |
|
— |
|
–42 |
Transfers |
|
— |
|
— |
|
— |
|
— |
|
— |
Dec. 31, 2023 |
|
187 |
|
4 |
|
23 |
|
— |
|
214 |
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2022 |
|
167 |
|
2 |
|
19 |
|
— |
|
188 |
Dec. 31, 2023 |
|
203 |
|
2 |
|
25 |
|
— |
|
230 |
|
|
Land, land rights, and buildings |
|
Technical equipment and machinery |
|
Office and other equipment |
|
Advance payments and assets under construction |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|
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 |
Dec. 31, 2023 |
|
1,124 |
|
512 |
|
273 |
|
632 |
|
2,541 |
Property, plant, and equipment – owned |
|
921 |
|
510 |
|
248 |
|
632 |
|
2,311 |
Right of use assets – leased |
|
203 |
|
2 |
|
25 |
|
— |
|
230 |
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 “Material Accounting Policies” as well as in Notes 08 and 30.