| 31/12/2014 | 31/12/2013 (restated data) | |
|---|---|---|
| Land | 1 061 | 891 |
| Buildings and constructions | 9 154 | 9 854 |
| Machinery and equipment | 6 924 | 10 880 |
| Vehicles and other | 729 | 759 |
| Construction in progress | 2 193 | 1 222 |
| Exploration and evaluation of mineral resources assets | 790 | 619 |
| Assets related to development and extraction of mineral resources | 1 793 | 679 |
| 22 644 | 24 904 |
12.1. Changes in property, plant and equipment by class
| Land | Buildings and constructions | Machinery and equipment | Vehicles and other | Construction in progress | Exploration and evaluation of mineral resources assets | Assets related to development and extraction of mineral resources | Total | |
|---|---|---|---|---|---|---|---|---|
| 01/01/2014 Net carrying amount | ||||||||
| Gross carrying amount | 941 | 18 514 | 30 455 | 2 073 | 1 353 | 704 | 685 | 54 725 |
| Accumulated depreciation and impairment allowances | (50) | (8 642) | (19 547) | (1 311) | (108) | (85) | (6) | (29 749) |
| Government grants | - | (18) | (28) | (3) | (23) | - | - | (72) |
| 891 | 9 854 | 10 880 | 759 | 1 222 | 619 | 679 | 24 904 | |
| increases/(decreases), net | ||||||||
| Investment expenditures | - | 35 | 114 | 45 | 2 981 | 171 | 328 | 3 674 |
| Depreciation | (1) | (570) | (1 056) | (154) | - | - | (132) | (1 913) |
| Borrowing costs | - | 2 | 7 | - | 27 | 12 | - | 48 |
| Acquisition of subsidiary | - | 138 | 224 | 7 | 8 | 9 | 829 | 1 215 |
| Impairment allowances | - | (711) | (4 346) | (81) | (36) | (5) | (309) | (5 488) |
| Reclassifications | 162 | 395 | 1 088 | 192 | (1 989) | (20) | 271 | 99 |
| Sale | (4) | (1) | - | (8) | - | - | - | (13) |
| Liquidation | - | (21) | (52) | (45) | (17) | (8) | - | (143) |
| Government grants - received settled | - | (5) | (43) | 1 | (2) | - | - | (49) |
| Other increases/(decreases) | - | (7) | (10) | 1 | (3) | (1) | - | (20) |
| Foreing exchange differences | 13 | 45 | 118 | 12 | 2 | 13 | 127 | 330 |
| 31/12/2014 Net carrying amount | 1 061 | 9 154 | 6 924 | 729 | 2 193 | 790 | 1 793 | 22 644 |
| Gross carrying amount | 1 113 | 19 159 | 33 435 | 2 153 | 2 376 | 883 | 2 363 | 61 482 |
| Accumulated depreciation and impairment allowances | (52) | (9 982) | (26 440) | (1 422) | (158) | (93) | (570) | (38 717) |
| Government grants | - | (23) | (71) | (2) | (25) | - | - | (121) |
| 1 061 | 9 154 | 6 924 | 729 | 2 193 | 790 | 1 793 | 22 644 | |
| 01/01/2013 Net carrying amount | ||||||||
| Gross carrying amount | 970 | 18 446 | 30 615 | 2 175 | 973 | 162 | 22 | 53 363 |
| Accumulated depreciation and impairment allowances | (63) | (8 299) | (19 153) | (1 343) | (129) | - | - | (28 987) |
| Government grants | - | (13) | (24) | (3) | (5) | - | - | (45) |
| 907 | 10 134 | 11 438 | 829 | 839 | 162 | 22 | 24 331 | |
| increases/(decreases), net | ||||||||
| Investment expenditures | - | 29 | 118 | 42 | 1 905 | 279 | 10 | 2 383 |
| Depreciation | (1) | (607) | (1 239) | (176) | - | - | (6) | (2 029) |
| Borrowing costs | - | 4 | 9 | - | 7 | 2 | - | 22 |
| Acquisition of subsidiary | - | 1 | - | 1 | - | 165 | 661 | 828 |
| Impairment allowances | 10 | (2) | (20) | - | 16 | (86) | - | (82) |
| Reclassifications | (4) | 464 | 851 | 116 | (1 479) | 101 | 11 | 60 |
| Sale | - | (20) | (1) | (4) | - | - | - | (25) |
| Liquidation | - | (18) | (33) | (35) | (23) | - | - | (109) |
| Government grants - received settled | - | (5) | (4) | - | (18) | - | - | (27) |
| Other increases/(decreases) | - | (12) | (8) | (3) | (3) | - | - | (26) |
| Foreing exchange differences | (21) | (114) | (231) | (11) | (22) | (4) | (19) | (422) |
| 31/12/2013 Net carrying amount | 891 | 9 854 | 10 880 | 759 | 1 222 | 619 | 679 | 24 904 |
In 2014 and 2013 the capitalization rate used to calculate borrowing costs amounted to 1.95% and 2.51%, respectively.
12.2 Changes in impairment allowances of property, plant and equipment
| NOTE | Land | Buildings and constructions | Machinery and equipment | Vehicles and other | Construction in progress | Exploration and evaluation of mineral resources assets | Assets related to development and extraction of mineral resources | Total | |
|---|---|---|---|---|---|---|---|---|---|
| 01/01/2014 | 42 | 1 350 | 3 456 | 65 | 108 | 85 | - | 5 106 | |
| Recognition | 9.2 | 1 | 738 | 4 211 | 84 | 106 | 13 | 309 | 5 462 |
| Reversal | 9.1 | (1) | (107) | (13) | (1) | (5) | - | - | (127) |
| Usage | - | (6) | (21) | (1) | - | (8) | - | (36) | |
| Reclassifications | - | 7 | 42 | (1) | (66) | - | - | (18) | |
| Acquisition of subsidiary | - | 79 | 127 | - | 1 | - | - | 207 | |
| Foreign exchange differences | - | 105 | 937 | 11 | 13 | 3 | 6 | 1 075 | |
| 42 | 2 166 | 8 739 | 157 | 157 | 93 | 315 | 11 669 | ||
| increases net* | - | 711 | 4 346 | 81 | 36 | 5 | 309 | 5 488 | |
| 01/01/2013 | 54 | 1 402 | 3 575 | 67 | 129 | - | - | 5 227 | |
| Recognition | 9.2 | 7 | 40 | 28 | 3 | 23 | 86 | - | 187 |
| Reversal | 9.1 | - | (38) | (10) | (1) | (2) | - | - | (51) |
| Usage | - | (2) | (14) | (3) | (21) | - | - | (40) | |
| Reclassifications | (17) | 2 | 16 | 1 | (16) | - | - | (14) | |
| Foreign exchange differences | (2) | (54) | (139) | (2) | (5) | (1) | - | (203) | |
| 42 | 1 350 | 3 456 | 65 | 108 | 85 | - | 5 106 | ||
| increases/(decreases), net* | (10) | 2 | 20 | - | (16) | 86 | - | 82 |
* Increases/(decreases) net includes recognition, reversal, usage, reclassifications and acquisition of subsidiary.
12.3. Other information regarding property, plant and equipment
| NOTE | 31/12/2014 | 31/12/2013 (restated data) | |
|---|---|---|---|
| The gross carrying amount of all fully depreciated property, plant and equipment still in use | 3 586 | 3 438 | |
| The net carrying amount of temporarilly unused property, plant and equipment | 8 | 12 | |
| The net carrying amount of withdrawn from use property, plant and equipment and not classified as held for sale | 18 | 19 | |
| Impairment of property, plant and equipment withdrawn | (68) | (56) | |
| The net carrying amount of property, plant and equipment in finance lease | 34.1 | 157 | 154 |
Should the economic useful lives of property, plant and equipment from 2013 be applied in 2014, the depreciation expense would be higher by PLN 46 million.
The Group received grants for the financing of investment projects directed at increasing energy efficiency, construction of research laboratories as well as CO2 granted free of charge for the electricity sector (i.e. derogations for the electricity).
Information regarding property, plant and equipment that were pledged for liabilities of the Group are presented in note 30.
12.4. Amounts recognized in the financial statements, resulting from exploration and evaluation of mineral resources
| 2014 | 2013 | |
|---|---|---|
| The costs incurred in the exploration stage and evaluation of mineral resources | (43) | (122) |
| preliminary analysis and other costs associated with mineral exploration recognized in the financial result | (38) | (36) |
| impairment allowances | (5) | (86) |
| Assets (as at the end of the period) | 790 | 619 |
| Investment expenditures | 171 | 279 |
| Cash flows - operating activities | 14 | (9) |
| Cash flows - investing activities | (195) | (289) |