11 – Noncurrent assets

First-half development of intangible assets and property, plant and equipment (million €)

 

 

Intangible assets

Property, plant and equipment

 

 

2017

2016

2017

2016

Acquisition costs

 

 

 

 

 

Balance as of January 1

 

19,089

16,373

71,576

67,234

Additions

 

178

44

1,535

1,922

Disposals

 

(19)

(363)

(642)

(440)

Transfers

 

(2)

(5)

18

3

Exchange differences

 

(798)

18

(2,342)

(296)

Balance as of June 30

 

18,448

16,067

70,145

68,423

Amortization and depreciation

 

 

 

 

 

Balance as of January 1

 

3,927

3,836

45,163

41,974

Additions

 

283

299

1,820

1,719

Disposals

 

(16)

(295)

(607)

(347)

Transfers

 

14

(1)

Exchange differences

 

(128)

21

(1,260)

(202)

Balance as of June 30

 

4,066

3,861

45,130

43,143

Net carrying amount as of June 30

 

14,382

12,206

25,015

25,280

Significant investments in the first half of 2017 especially pertained to oil and gas production facilities and wells in Europe and South America; an acetylene plant in Ludwigshafen, Germany; the aroma ingredients complex in Kuantan, Malaysia; and the modification of production plants for plasticizers in Pasadena, Texas. Additional investments were made particularly at the sites in Ludwigshafen, Germany; Shanghai, China; Freeport, Texas; Geismar, Louisiana; and Antwerp, Belgium.

Disposals of property, plant and equipment and intangible assets were mainly attributable to the derecognition of fully written off assets. Furthermore, disposals particularly included the divestiture of the Evans City site in Pennsylvania.

Depreciation of property, plant and equipment contained an impairment and a write-up in the Oil & Gas segment that almost fully counterbalanced each other.

Impairments in connection with a planned plant closure in North America increased the level of depreciation.

Exchange differences for property, plant and equipment arose to a large extent from the depreciation of the U.S. dollar, the Chinese renminbi and the Brazilian real relative to the euro.

First-half development of investments accounted for using the equity method (million €)

 

 

2017

2016

Balance as of January 1

 

4,647

4,436

Additions

 

11

40

Disposals

 

(11)

(1)

Transfers

 

49

(15)

Exchange differences

 

(88)

(6)

Balance as of June 30

 

4,608

4,454

Other financial assets (million €)

 

 

June 30, 2017

Dec. 31, 2016

June 30, 2016

Other shareholdings

 

469

468

424

Long-term securities

 

151

137

112

Other financial assets

 

620

605

536