NOTES
80•Consolidated financial statements
PANDORAANNUAL REPORT2014
SECTION 3: INVESTED CAPITAL ANDWORKING CAPITAL ITEMS, CONTINUED
3.2 PROPERTY, PLANTAND EQUIPMENT
Land and
Plant and
Assets under
DKKmillion
buildings
equipment
construction
Total
Cost at 1 January 2014
280
478
21
779
Acquisition of subsidiaries and activities
-
9
-
9
Disposal of subsidiaries and activities
-
-1
-
-1
Additions
8
207
82
297
Disposals
-1
-57
-
-58
Reclassifications
15
12
-27
-
Exchange rate adjustments
40
38
2
80
Cost at 31December 2014
342
686
78
1,106
Depreciation and impairment losses at 1 January 2014
51
231
-
282
Depreciation for the year
19
103
-
122
Disposals
-
-43
-
-43
Exchange rate adjustments
11
23
-
34
Depreciation and impairment losses at 31December 2014
81
314
-
395
Carrying amount at 31December 2014
261
372
78
711
Cost at 1 January 2013
232
405
65
702
Acquisition of subsidiaries and activities
-
9
-
9
Additions
20
129
33
182
Disposals
-1
-50
-7
-58
Reclassifications
52
19
-63
8
Exchange rate adjustments
-23
-34
-7
-64
Cost at 31December 2013
280
478
21
779
Depreciation and impairment losses at 1 January 2013
43
187
-
230
Depreciation for the year
13
87
-
100
Disposals
-
-35
-
-35
Reclassifications
-1
7
-
6
Exchange rate adjustments
-4
-15
-
-19
Depreciation and impairment losses at 31December 2013
51
231
-
282
Carrying amount at 31December 2013
229
247
21
497
Useful lives, years
20-50
1
3-5
-
1
Land is not depreciated.
PANDORA has pledged assets at a total value of DKK 0million (2013: DKK0million).
