99 / 143
NOTES
Consolidated financial statements • 97
SECTION 3: INVESTED CAPITAL AND WORKING CAPITAL ITEMS, CONTINUED
PROPERTY, PLANT AND EQUIPMENT
Land and
Plant and
Assets under
DKK million
buildings
equipment
construction
Total
2016
Cost at 1 January
420
1,266
124
1,810
Acquisition of subsidiaries and activities
-
6
-
6
Additions
32
267
529
828
Disposals
-46
-120
-
-166
Transfers
304
298
-602
-
Exchange rate adjustments
22
30
8
60
Cost at 31 December
732
1,747
59
2,538
Depreciation and impairment losses at 1 January
96
477
-
573
Depreciation for the year
19
295
-
314
Disposals
-34
-94
-
-128
Exchange rate adjustments
3
9
-
12
Depreciation and impairment losses at 31 December
84
687
-
771
Carrying amount at 31 December
648
1,060
59
1,767
2015
Cost at 1 January
342
686
78
1,106
Acquisition of subsidiaries and activities
-
23
-
23
Additions
69
353
284
706
Disposals
-5
-36
-3
-44
Transfers
9
233
-242
-
Exchange rate adjustments
5
7
7
19
Cost at 31 December
420
1,266
124
1,810
Depreciation and impairment losses at 1 January
81
314
-
395
Depreciation for the year
16
185
-
201
Disposals
-2
-28
-
-30
Exchange rate adjustments
1
6
-
7
Depreciation and impairment losses at 31 December
96
477
-
573
Carrying amount at 31 December
324
789
124
1,237
PANDORA has pledged assets relating to land and buildings in the amount of DKK 155 million (2015: DKK 147 million) as collateral for tax surcharges in Thai-
land. It is expected that the pledge will be revoked in 2017.
3.2