Annual Report - EDP

notes to the consolidated EDP - and Energias company de Portugal, financial S.A. statementsfor the years ended 31 december 2012 and 2011Notes to the Consolidated and Company Financial Statementsfor the years ended 31 December 2012 and 2011Disposals / Write-offs includes 88,228 thousands of Euros related with Barreiro thermal power plant due to the completion of dismantling works, during the secondquarter of 2012. The accumulated depreciation associated to this thermal power plant amounts to 88,228 thousands of Euros.Transfers include 61,754 thousands of Euros of cost of acquisition and 58,196 thousands of Euros of accumulated depreciation, related to cogeneration activity assets,which were classified as assets held for sale (see note 42).Transfers from assets under construction into operation in 2012, refer mainly to wind farms of EDP Renováveis that became operational and to thermoelectric plant ofPecém I.The movement in Exchange differences in the period results mainly from the appreciation of the Zloty (PLN) and the depreciation of the American Dolar (USD) andBrazilian Real (BRL) against the Euro in 2012.Perimeter Variations / Regularisations includes the effect of the acquisition of Pietragalla Eolico S.R.L., J&Z SP. ZO.O., the acquisition of solar photovoltaic companies inRomenia, the effect of the sale of the companies holders of the mini-hydrics detained in Spain, as well as the decrease of the financial interest in Windplus, S.A. from42% to 31% due to a share capital increase with dilution of the shareholding held by EDP Inovação, S.A. These transactions occurred during 2012 (see note 5).The movements in Property, plant and equipment, for the Group, for the year ended 31 December 2011 are analysed as follows:PerimeterBalance at Acquisitions/ Disposals/ Exchange Variations/ Balance atThousands of Euros 1 January Increases Write-offs Transfers Differences Regularisations 31 DecemberCost:Land and natural resources 163,184 3,554 -289 15,174 -6,163 850 176,310Buildings and other constructions 502,184 2,358 -6,594 74,048 -28,594 8,542 551,944Plant and machinery 28,201,221 126,687 -37,508 1,562,398 -550 41,221 29,893,469Other 805,664 18,777 -73,187 85,237 -1,420 -59,545 775,526Assets under construction 3,210,711 1,584,224 -43,755 -1,979,054 -56,689 15,949 2,731,38632,882,964 1,735,600 -161,333 -242,197 -93,416 7,017 34,128,635Charge /PerimeterBalance at Impairment Disposals/ Exchange Variations/ Balance atThousands of Euros 1 January losses Write-offs Transfers Differences Regularisations 31 DecemberAccumulated depreciation andimpairment losses:Buildings and other constructions144,266 14,510 -5,376 - -5,474 7,389 155,315Plant and machinery11,818,193 937,509 -16,181 -84,211 7,018 37,030 12,699,358Other 596,922 72,359 -57,893 -55 -2,034 -43,650 565,64912,559,381 1,024,378 -79,450 -84,266 -490 769 13,420,322Acquisitions / Increases include the investment in wind farms by the subgroups EDPR EU and EDPR NA during 2011. Additionally, the EDP Brasil subgroup carried outinvestments related to the construction of the new coal thermoelectric generation center (Porto de Pecém). In the Portuguese generation activity, the Group is carryingout hydroelectric investments in the construction of several new power stations and power enhancement projects.Transfers include 242,197 thousands of Euros of cost of acquisition and 84,266 thousands of Euros of accumulated depreciation, related to the regulated gastransmission activity in Spain, which were classified as assets held for sale (see note 42).Transfers from assets under construction into operation in 2011, refer mainly to wind farms of EDP Renováveis that became operational and hydrioelectric plants ofBemposta II and Picote II.Perimeter Variations / Regularisations includes the effect of the acquisition of Home Energy II S.A. and ECE Participações, and the effect of the sale of Subgroup Veinco,transactions made by EDP Group during 2011.The movement in Exchange differences in the period results mainly from the depreciation of the Brazilian Real (BRL), Polish Zloty (PLN) and the appreciation of theAmerican Dollar (USD) against the Euro in 2011.As at 31 December 2012, Property, plant and equipment financed through lease contracts for the Group, amounts to 14,985 thousands of Euros (14,249 thousands ofEuros at 31 December 2011), with accumulated depreciation of 6,277 thousands of Euros (5,754 thousands of Euros at 31 December 2011) and, the respective futurelease payments amount to 8,606 thousands of Euros (7,882 thousands of Euros at 31 December 2011). Property, plant and equipment financed by leasing contracts isdetailed as follows:Dec 2012Dec 2011Future leaseFuture leaseThousands of Euros Principal Interest payments Principal Interest paymentsLess than one year 3,281 268 3,549 3,211 214 3,425Between one and five years 4,070 255 4,325 3,882 177 4,059More than five years 712 20 732 389 9 3988,063 543 8,606 7,482 400 7,882During 2012, the costs incurred with these assets amounted to 657 thousands of Euros (31 December 2011: 690 thousands of Euros) and are booked in the incomestatement under Supplies and services.204A World Full Of Energy