annual report 2008 Pelikan Holding AG

Pelikan Group
14. Tangible fixed assets
CHF (000)
Land and
buildings
Machinery
and
technical
equipment
Motor
vehicles,
mould,
production
and office
equipment
Assets under
construction
Total
Cost
Opening balance Jan. 1, 2008 24,533 51,260 46,594 3,123 125,510
Acquisition of subsidiaries - 453 268 - 721
Investments 93 1,575 3,188 1,007 5,863
Disposals (149) (128) (1,783) (8) (2,068)
Transfers 51 335 1,353 (2,166) (427)
Translation differences (4,374) (7,821) (5,358) (311) (17,864)
Ending Balance Dec. 31, 2008 20,154 45,674 44,262 1,645 111,735
Accumulated depreciation
Opening balance Jan. 1, 2008 13,667 39,080 29,902 253 82,902
Acquisition of subsidiaries - 377 206 - 583
Disposals - (15) (1,500) - (1,515)
Depreciation 298 1,457 4,102 - 5,857
Translation differences (2,214) (6,103) (3,522) (30) (11,869)
Ending Balance Dec. 31, 2008 11,751 34,796 29,188 223 75,958
Net book value
Ending Balance Dec. 31, 2008 8,403 10,878 15,074 1,422 35,777
Ending Balance Dec. 31, 2007 10,866 12,180 16,692 2,870 42,608
Insurance values of the tangible fixed assets amounted to CHF113.9 million as of December 31, 2008 (2007:
CHF130.4 million).
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