DSM Integrated Annual Report 2021

9 Property, plant and equipment

Composition of Property, plant and equipment

 

 

2021

 

2020

 

 

 

 

 

Property, plant and equipment owned

 

3,769

 

3,567

Right-of-use assets

 

188

 

208

Total

 

3,957

 

3,775

Property, plant and equipment owned

 

 

Land and buildings

 

Plant and machinery

 

Other equipment

 

Under construction

 

Not used for operating activities

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at 1 January 2020

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

2,232

 

5,019

 

235

 

664

 

12

 

8,162

Depreciation and impairments

 

1,021

 

3,151

 

175

 

1

 

6

 

4,354

Carrying amount at 1 January 2020

 

1,211

 

1,868

 

60

 

663

 

6

 

3,808

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in carrying amount:

 

 

 

 

 

 

 

 

 

 

 

 

- Capital expenditure

 

10

 

58

 

5

 

386

 

-

 

459

- Put into operation

 

84

 

350

 

15

 

(449)

 

-

 

-

- Acquisitions

 

95

 

90

 

10

 

8

 

2

 

205

- Disposals

 

-

 

(1)

 

-

 

-

 

-

 

(1)

- Depreciation

 

(81)

 

(269)

 

(20)

 

-

 

-

 

(370)

- Impairment losses

 

(4)

 

(12)

 

(1)

 

(3)

 

-

 

(20)

- Exchange differences

 

(53)

 

(82)

 

(3)

 

(22)

 

-

 

(160)

- Reclassification to held for sale

 

(103)

 

(177)

 

(12)

 

(57)

 

-

 

(349)

- Other changes

 

(1)

 

(1)

 

-

 

(3)

 

-

 

(5)

 

 

(53)

 

(44)

 

(6)

 

(140)

 

2

 

(241)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at 31 December 2020

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

2,099

 

4,781

 

192

 

527

 

8

 

7,607

Depreciation and impairments

 

941

 

2,957

 

138

 

4

 

-

 

4,040

Carrying amount at 31 December 2020

 

1,158

 

1,824

 

54

 

523

 

8

 

3,567

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in carrying amount:

 

 

 

 

 

 

 

 

 

 

 

 

- Capital expenditure

 

7

 

52

 

4

 

414

 

-

 

477

- Put into operation

 

61

 

312

 

17

 

(390)

 

-

 

-

- Acquisitions

 

5

 

7

 

-

 

-

 

-

 

12

- Disposals and deconsolidations

 

(22)

 

(16)

 

-

 

-

 

-

 

(38)

- Depreciation

 

(78)

 

(277)

 

(19)

 

-

 

-

 

(374)

- Impairment losses

 

(3)

 

(11)

 

(2)

 

2

 

-

 

(14)

- Exchange differences

 

54

 

108

 

3

 

20

 

-

 

185

- Reclassification to held for sale

 

(17)

 

(13)

 

(1)

 

(2)

 

-

 

(33)

- Transfer to RoU assets

 

(5)

 

-

 

-

 

-

 

-

 

(5)

- Other changes

 

2

 

(6)

 

-

 

(4)

 

-

 

(8)

 

 

4

 

156

 

2

 

40

 

-

 

202

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at 31 December 2021

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

2,108

 

5,490

 

219

 

564

 

8

 

8,389

Depreciation and impairments

 

946

 

3,510

 

163

 

1

 

-

 

4,620

Carrying amount at 31 December 2021

 

1,162

 

1,980

 

56

 

563

 

8

 

3,769

In 2021, impairment losses of €14 million (2020: €20 million) were recognized on Property, plant and equipment. See also Note 2 Alternative performance measures.

Right-of-use assets

 

 

Land and buildings

 

Plant and machinery

 

Other equipment

 

Vehicles

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at 1 January 2020

 

160

 

8

 

33

 

29

 

2

 

232

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in carrying amount:

 

 

 

 

 

 

 

 

 

 

 

 

New leases/terminations

 

10

 

-

 

-

 

11

 

-

 

21

Remeasurements

 

12

 

-

 

2

 

(1)

 

-

 

13

Acquisitions

 

8

 

-

 

-

 

1

 

-

 

9

Depreciation

 

(33)

 

(1)

 

(3)

 

(14)

 

-

 

(51)

Exchange rate differences

 

(9)

 

-

 

(1)

 

(2)

 

-

 

(12)

Reclassification to held for sale

 

(1)

 

-

 

-

 

(3)

 

-

 

(4)

 

 

(13)

 

(1)

 

(2)

 

(8)

 

-

 

(24)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at 31 December 2020

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

199

 

9

 

37

 

39

 

3

 

287

Depreciation and impairments

 

(52)

 

(2)

 

(6)

 

(18)

 

(1)

 

(79)

Carrying amount at 31 December 2020

 

147

 

7

 

31

 

21

 

2

 

208

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in carrying amount:

 

 

 

 

 

 

 

 

 

 

 

 

New leases/terminations

 

6

 

1

 

-

 

10

 

-

 

17

Remeasurements

 

(1)

 

1

 

2

 

-

 

-

 

2

Depreciation

 

(33)

 

(1)

 

(4)

 

(12)

 

(1)

 

(51)

Impairment losses

 

(2)

 

-

 

-

 

-

 

-

 

(2)

Transfer from PPE

 

5

 

-

 

-

 

-

 

-

 

5

Exchange rate differences

 

7

 

1

 

1

 

1

 

-

 

10

Reclassification to held for sale

 

-

 

(1)

 

-

 

-

 

-

 

(1)

 

 

(18)

 

1

 

(1)

 

(1)

 

(1)

 

(20)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at 31 December 2021

 

129

 

8

 

30

 

20

 

1

 

188

Cost

 

210

 

11

 

39

 

39

 

2

 

301

Depreciation and impairments

 

(81)

 

(3)

 

(9)

 

(19)

 

(1)

 

(113)

Carrying amount

 

129

 

8

 

30

 

20

 

1

 

188

For the disclosures on the lease liabilities that correspond with the right-of-use assets, see Note 19 Borrowings.