2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statements3NOTE 14. PROPERTY, PLANT AND EQUIPMENTNote 14.1. Breakdown€ millionsGross2010 2009 adjustedDepreciationandimpairment Net GrossDepreciationandimpairmentLand and land improvements 1,475 (61) 1,413 1,429 (54) 1,375Buildings, fixtures and fittings 3,711 (1,269) 2,442 3,404 (1,133) 2,272Other 5,486 (3,180) 2,305 5,124 (3,021) 2,104PROPERTY, PLANT AND EQUIPMENT 10,672 (4,511) 6,160 9,958 (4,208) 5,751NetNote 14.2. Movements for the period€ millionsLand and landimprovementsBuildings,fixtures andfittings Other TotalAt 1 January 2009 1,349 2,376 2,187 5,912Change in scope of consolidation 32 24 22 78Increases and separately acquired property, plant & equipment 19 98 440 557Property, plant & equipment disposed of during the period (1) (76) (270) (28) (374)Depreciation for the period (continuing operations) (6) (145) (410) (561)Impairment losses recognised during the period(continuing operations) (2) - (5) (22) (27)Translation adjustment 46 134 50 230Reclassifications and other movements 10 61 (134) (63)At 31 December 2009 adjusted 1,375 2,272 2,104 5,751Change in scope of consolidation 5 (30) (12) (37)Increases and separately acquired property, plant & equipment 22 113 685 820Property, plant & equipment disposed of during the period (26) (58) (22) (106)Depreciation for the period (continuing operations) (6) (124) (411) (540)Impairment losses recognised during the period(continuing operations) (2) (6) 1 (7)Translation adjustment 72 190 75 338Reclassifications and other movements (27) 86 (117) (58)AT 31 DECEMBER 2010 1,413 2,442 2,305 6,160(1) In 2009, disposals of buildings, fi xtures and fi ttings stem mainly from the sale of Super de Boer assets for €132 million and sales of store assets for €101 million (principally to the two newproperty mutual funds).(2) The 2009 impairment loss of €27 million corresponds to the results of impairment tests for €4 million and the restructuring of convenience stores and Franprix-Leader Price for €23 million.Property, plant and equipment were tested for impairment at 31 December 2010 using the method described in note 1.5 “Significant AccountingPolicies”. The impact is presented in note 16.Note 14.3. Finance leasesFinance leases on owner-occupied property and investment property break down as follows:2010 2009€ millionsGross Depreciation Net Gross Depreciation NetLand 41 (2) 39 44 (2) 42Buildings 227 (105) 123 226 (102) 124Equipment and other 646 (531) 114 707 (583) 125Investment property 82 (7) 74 82 (6) 76TOTAL 996 (645) 351 1,059 (693) 366Registration Document 2010 | Casino Group87