Annual Review 2012 - Luxottica

Consolidated financial statements - NOTES
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NON-CURRENT
ASSETS
Changes in items of property, plant and equipment are reported below:
(thousands of Euro)
Land
and buildings,
including
leasehold
improvements
Machinery
and equipment
Aircraft
Other
equipment
Historical cost 814,414 741,425 37,853 668,850 2,549,696
Accumulated
depreciation (353,508) (507,128) (7,226) (308,107) (1,320,566)
Total as of
January 1, 2011 460,906 234,297 30,627 360,743 1,086,574
Total
10. PROPERTY,
PLANT AND
EQUIPMENT
Increases 64,466 107,992 234 81,545 254,237
Decreases (6,812) (1,564) - (8,194) (16,570)
Business
Combinations 6,124 3,655 - 10,282 20,061
Translation
difference and other 19,158 108,816 - (116,889) 11,085
Depreciation
expense (55,420) (83,159) (1,550) (55,821) (195,950)
Balance as of
December 31, 2011 488,422 370,037 29,311 271,666 1,159,436
Of which:
Historical cost 893,948 983,164 38,087 582,779 2,497,978
Accumulated
depreciation (405,526) (613,127) (8,776) (311,113) (1,338,542)
Total as of
December 31, 2011 488,422 370,037 29,311 271,666 1,159,436
Increases 55,700 112,415 - 101,300 269,415
Decreases (13,713) - - (15,288) (29,001)
Business
Combinations 850 8,904 - 2,765 12,519
Translation
difference and other 2,478 9,349 - (18,820) (6,993)
Depreciation
expense (58,104) (95,008) (1,561) (58,310) (212,983)
Total balance as of
December 31, 2012 475,633 405,697 27,750 283,313 1,192,394
Of which:
Historical cost 913,679 1,074,258 38,087 615,957 2,641,981
Accumulated
depreciation (438,046) (668,561) (10,337) (332,644) (1,449,588)
Total balance as of
December 31, 2012 475,633 405,697 27,750 283,313 1,192,394