Annual Report 2012 - Ono

The Figures
GRUPO CORPORATIVO ONO, S.A. AND SUBSIDIARIES (ONO GROUP)
NOTES TO THE CONSOLIDATED ANNUAL ACCOUNTS FOR THE YEAR 2012 (Thousands of Euros)
Additions under ‘Property, plant and equipment’ for 2012 and 2011 mainly correspond to customer installations.
During 2012, assets amounting €263,455 thousand were written off, those assets were fully depreciated. Additionally, assets amounting
€59,889 thousand of book value were retired, of which €28,384 thousand were fully provisioned. The Group has recognised a loss due to
retired assets amounting to €30,217 thousand (€8,495 thousand at 31 December 2011).
Disposals were mainly in relation with radio and voice networks.
During 2011 no impairment adjustments were recognised for property, plant and equipment.
During 2012 and 2011, no interests or financial burdens have been capitalized in the property, plant and equipment construction period.
As of 31 December 2012 and 31 December 2011 there is no significant property, plant and equipment subject to ownership restrictions or
pledged to secure liabilities.
The Group has several insurance policies to cover the risks the property, plant and equipment is exposed to. The insurance cover is
considered sufficient.
ONO in 2012
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Property, plant and equipment contains the following amounts where the Group is the lessee under a finance lease, including the
improvement made in these assets (note 15.g):
Thousand of Euros
31.12.2012 31.12.2011
Cost – capitalised finance leases Technical facilities 10,893 18,738
Other 1,967 3,282
Acumulated depreciation Technical facilities (5,179) (8,097)
Other - -
Net book value Technical facilities 5,714 10,641
Other 1,967 3,282
Total 7,681 13,923
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