9 Property, plant and equipment
Property, plant and equipment, which amounts to €15,623 million (€15,563 million at 31 December 2016) changed as follows:
| Download XLS (23 kB) |
(€ millions) |
Property, plant and equipment |
Cost on 31.12.2016 |
23,211 |
Investments |
400 |
Divestments |
(9) |
Other changes |
(43) |
Cost on 30.06.2017 |
23,559 |
|
|
Provisions for amortisation and depreciation on 31.12.2016 |
(7,558) |
Depreciation and amortisation |
(293) |
Divestments |
7 |
Other changes |
(2) |
Provisions for amortisation and depreciation on 30.06.2017 |
(7,876) |
|
|
Provision for impairment losses on 31.12.2016 |
(60) |
(Impairment losses)/reversals |
(2) |
Other changes |
2 |
Provision for impairment losses on 30.06.2017 |
(60) |
Net balance on 31.12.2016 |
15,563 |
Net balance on 30.06.2017 |
15,623 |
Investments33 (€400 million) refer mainly to the transportation (€358 million) and storage (€40 million) segments.
Divestments (€2 million) mainly concern transportation segment assets.
Other changes (-€43 million) relate essentially to: (i) the change in estimated (discounted) costs for site restoration and dismantling (-€41 million) in the natural gas storage and transportation segments, which are offset by the recognition of a specific provision; (ii) the change in stocks of pipes and related accessory materials used in the production of plants in the natural gas transportation segment (-€5 million).
During the half-year period no impairment indicators were recorded or significant changes with regard to the valuation of the recoverability of the value recorded in the financial statements for property, plant and machinery. The observations made in the Annual Report are therefore confirmed and should be referred to.
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”.
33 Investments by business segment are shown in the “Business segment operating performance” section of the Interim Report.