Annual Report - EDP

notes to the consolidated and company financial statementsEDP - Energias de Portugal, S.A.for the years ended 31 december 2012 and 2011Notes to the Consolidated and Company Financial Statementsfor the years ended 31 December 2012 and 2011The movements in Property, plant and equipment, for the Company, for the year ended 31 December 2012 are analysed as follows:Balance at Acquisitions/ Disposals/ Balance atThousands of Euros 1 January Increases Write-offs Transfers Regularisations 31 DecemberCost:Land and natural resources75,026 - -457 - - 74,569Buildings and other constructions95,906 - -3,291 361 580 93,556Other 109,742 6,203 -1,272 2,918 - 117,591Assets under construction 12,432 17,594 - -3,279 - 26,747293,106 23,797 -5,020 - 580 312,463Balance atCharge /Impairment Disposals/ Balance atThousands of Euros 1 January losses Write-offs Transfers Regularisations 31 DecemberAccumulated depreciation andimpairment losses:Buildings and other constructions22,473 2,899 -2,632 - 563 23,303Other 69,884 11,101 -978 - 584 80,59192,357 14,000 -3,610 - 1,147 103,894The movements in Property, plant and equipment, for the Company, for the year ended 31 December 2011 are analysed as follows:Balance at Acquisitions/ Disposals/ Balance atThousands of Euros 1 January Increases Write-offs Transfers Regularisations 31 DecemberCost:Land and natural resources46,498 13,525 -19 15,022 - 75,026Buildings and other constructions24,569 2 -5,062 68,148 8,249 95,906Other 122,680 5,063 -33,608 15,587 20 109,742Assets under construction 82,951 28,238 - -98,757 - 12,432276,698 46,828 -38,689 - 8,269 293,106Balance atCharge /Impairment Disposals/ Balance atThousands of Euros 1 January losses Write-offs Transfers Regularisations 31 DecemberAccumulated depreciation andimpairment losses:Buildings and other constructions17,394 2,087 -4,477 - 7,469 22,473Other 94,199 9,067 -33,384 - 2 69,884111,593 11,154 -37,861 - 7,471 92,357In 2011, Transfers of Assets under construction to Buildings and other constructions relates to the new building of EDP Group in Porto, which opened in 13 April 2011.As at 31 December 2012 and for the Company, the Property, plant and equipment financed by leasing contracts amounts to 3,883 thousands of Euros (3,555thousands of Euros at 31 December 2011), with accumulated depreciation of 1,494 thousands of Euros (1,587 thousands of Euros at 31 December 2011) and therespective future lease payments amount to 2,277 thousands of Euros (1,733 thousands of Euros at 31 December 2011). Property, plant and equipment financed byleasing contracts is detailed as follows:Dec 2012Dec 2011Future leaseFuture leaseThousands of Euros Principal Interest payments Principal Interest paymentsLess than one year 823 79 902 783 48 831Between one and five years 1,097 71 1,168 753 39 792More than five years 201 6 207 107 3 1102,121 156 2,277 1,643 90 1,733During 2012, the costs incurred related to these assets amount to 147 thousands of Euros (169 thousands of Euros at 31 December 2011) and are booked underSupplies and services in the income statement.EDP - Annual Report 2012205