8 Property, plant and equipment
Property, plant and equipment of €15,451 million (€15,399 million at 31 December 2014) breaks down as follows:
| Download XLS (23 kB) |
|
(€ million) |
Property, plant and equipment |
|
Cost at 31.12.2014 |
22,326 |
|
328 |
|
|
Change in scope of consolidation |
1 |
|
Disposals |
(59) |
|
Other changes and reclassifications |
6 |
|
Cost at 30.06.2015 |
22,602 |
|
|
|
|
Provisions for amortisation and depreciation at 31.12.2014 |
(6,900) |
|
Amortisation and depreciation |
(277) |
|
Change in scope of consolidation |
|
|
Disposals |
53 |
|
Other changes and reclassifications |
|
|
Provisions for amortisation and depreciation at 30.06.2015 |
(7,124) |
|
|
|
|
Provision for impairment losses at 31.12.2014 |
(27) |
|
Provision for impairment losses at 30.06.2015 |
(27) |
|
Net balance at 31.12.2014 |
15,399 |
|
Net balance at 30.06.2015 |
15,451 |
Investments8 (€328 million) refer mainly to the transportation (€264 million), storage (€60 million) and distribution (€2 million) segments.
Disposals (€6 million) concerned assets related to the transportation segment.
Other changes and reclassifications (+€6 million) relate to: (i) the change in estimated (discounted) costs for site restoration and dismantling (+€21 million) in the natural gas storage and transportation segments, which were offset by the recognition of a specific provision; (ii) the change in stocks of pipes and related accessory materials purchased for investment purposes and not yet used in the construction of plants in the natural gas transportation segment (-€10 million); and (iii) grants for the period (-€5 million).
No impairment indicators or significant changes to the valuation of the recoverability of the book value for property, plant and equipment were recorded during the period. The considerations set out in the annual report were therefore confirmed.
Contractual commitments to purchase property, plant and equipment, and to provide services related to the construction thereof, are reported in Note 18 “Guarantees, commitments and risks”.
8 Investments by business segment are shown in the “Business segment operating performance” section of the interim directors’ report.