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172 2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
CHANGES IN PROPERTY AND EQUIPMENT
(in € millions)
Cost
Depreciation
and impairment
Net
At December 31, 2012
27,965
(16,456)
11,509
Acquisitions
1,882
1,882
Disposals
(1,144)
1,028
(116)
Depreciation
(1,266)
(1,266)
Impairment
(52)
(52)
Translation adjustment
(966)
456
(510)
Changes in scope of consolidation, transfers and other movements
(1)
(612)
275
(337)
At December 31, 2013
27,124
(16,015)
11,109
Acquisitions
2,050
0
2,050
Disposals
(808)
694
(114)
Depreciation
0
(1,253)
(1,253)
Impairment
0
(61)
(61)
Translation adjustment
185
(117)
69
Changes in scope of consolidation, transfers and other movements
(2)
553
(80)
473
At December 31, 2014
29,104
(16,832)
12,272
(1) The net decrease of €337 million was due for the most part to the loss of control of operations in Turkey.
(2) The net increase of €473 million is due for the most part to the acquisition of Dia.
LEASES
All property leases have been reviewed. Where the criteria for classification as finance leases are met, the properties are recognized in the statement
of financial position. All other leases are classified as operating leases.
LEASE COMMITMENTS AT DECEMBER 31, 2014
Finance leases
(in € millions)
Total
Within one year In one to five years Beyond five years
Minimum future lease payments
709
68
204
437
Discounted present value
449
64
162
222
Operating leases
(in € millions)
Total
Within one year In one to five years Beyond five years
Minimum future lease payments
3,494
999
1,539
956
Discounted present value
2,744
929
1,212
603