23 – Property and Equipment

in € m.

Owner occupied properties

Furniture and equipment

Leasehold improvements

Construction-in-progress

Total

Cost of acquisition:

 

 

 

 

 

Balance as of January 1, 2013

4,018

4,054

2,146

235

10,453

Changes in the group of consolidated companies

0

14

9

0

24

Additions

42

247

111

113

513

Transfers

(23)

45

116

(173)

(35)

Reclassifications (to)/from “held for sale”

(105)

(19)

(5)

(3)

(131)

Disposals

89

279

76

0

443

Exchange rate changes

(94)

(137)

(63)

(2)

(296)

Balance as of December 31, 2013

3,749

3,926

2,240

170

10,084

Changes in the group of consolidated companies

(8)

11

(1)

0

3

Additions

42

332

122

173

669

Transfers

10

26

122

(153)

5

Reclassifications (to)/from “held for sale”

(2,507)

(1,364)

(133)

(55)

(4,058)

Disposals

0

201

39

0

241

Exchange rate changes

275

217

68

6

566

Balance as of December 31, 2014

1,560

2,947

2,379

141

7,027

 

 

 

 

 

 

Accumulated depreciation and impairment:

 

 

 

 

 

Balance as of January 1, 2013

1,468

2,717

1,305

0

5,490

Changes in the group of consolidated companies

0

14

6

0

20

Depreciation

77

376

171

0

625

Impairment losses

52

17

1

0

69

Reversals of impairment losses

0

0

0

0

0

Transfers

(2)

1

(2)

0

(3)

Reclassifications (to)/from “held for sale”

0

(13)

(1)

0

(14)

Disposals

27

243

64

0

334

Exchange rate changes

(43)

(106)

(39)

0

(188)

Balance as of December 31, 2013

1,525

2,762

1,378

0

5,665

Changes in the group of consolidated companies

0

8

(1)

0

6

Depreciation

39

271

179

0

490

Impairment losses

58

105

10

0

172

Reversals of impairment losses

0

0

0

0

0

Transfers

28

10

22

0

59

Reclassifications (to)/from “held for sale”

(1,289)

(1,127)

(95)

0

(2,511)

Disposals

2

83

34

0

119

Exchange rate changes

140

175

41

0

356

Balance as of December 31, 2014

498

2,121

1,500

0

4,118

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

Balance as of December 31, 2013

2,224

1,164

862

170

4,420

Balance as of December 31, 2014

1,062

826

880

141

2,909

Impairment losses on property and equipment are recorded within general and administrative expenses for the income statement.

The carrying value of items of property and equipment on which there is a restriction on sale was € 57 million as of December 31, 2014.

Commitments for the acquisition of property and equipment were € 42 million at year-end 2014.

The Cosmopolitan of Las Vegas was reclassified to held for sale in the year and subsequently sold. For further information please see Note 26 “Non-Current Assets and Disposal Groups Held for Sale”.