13. Property, plant & equipment
| In millions of EUR | Land and buildings | Plant and equipment | Other fixed assets | Under construction | Total |
| Cost | |||||
| Balance at 1 January 2005 | 2,798 | 4,595 | 2,812 | 163 | 10,368 |
| Changes in consolidation | (202) | 122 | (40) | 7 | (113) |
| Purchases | 59 | 197 | 299 | 298 | 853 |
| Transfer of completed projects under construction | 48 | 77 | 82 | (207) | – |
| Disposals | (64) | (82) | (253) | – | (399) |
| Effect of movements in exchange rates | 86 | 184 | 85 | 10 | 365 |
| Balance at 31 December 2005 | 2,725 | 5,093 | 2,985 | 271 | 11,074 |
| Balance at 1 January 2006 | 2,725 | 5,093 | 2,985 | 271 | 11,074 |
| Changes in consolidation | 88 | (125) | 53 | 2 | 18 |
| Purchases | 40 | 125 | 311 | 368 | 844 |
| Transfer of completed projects under construction | 27 | 104 | 90 | (221) | – |
| Transfer to assets classified as held for sale | (70) | – | (6) | – | (76) |
| Disposals | (150) | (214) | (198) | – | (562) |
| Effect of movements in exchange rates | (39) | (76) | (30) | (7) | (152) |
| Balance at 31 December 2006 | 2,621 | 4,907 | 3,205 | 413 | 11,146 |
| Depreciation and impairment losses | |||||
| Balance at 1 January 2005 | (1,269) | (2,521) | (1,805) | – | (5,595) |
| Changes in consolidation | 12 | 71 | 54 | – | 137 |
| Depreciation charge for the year | (76) | (274) | (355) | – | (705) |
| Impairment loss | (1) | (6) | (15) | – | (22) |
| Reversal Impairment loss | 1 | 9 | 1 | – | 11 |
| Disposals | 23 | 61 | 215 | – | 299 |
| Effect of movements in exchange rates | (29) | (64) | (39) | – | (132) |
| Balance at 31 December 2005 | (1,339) | (2,724) | (1,944) | – | (6,007) |
| Balance at 1 January 2006 | (1,339) | (2,724) | (1,944) | – | (6,007) |
| Changes in consolidation | 11 | 8 | (9) | – | 10 |
| Depreciation charge for the year | (75) | (251) | (380) | – | (706) |
| Impairment loss | (10) | (24) | (3) | – | (37) |
| Reversal Impairment loss | – | 2 | 2 | – | 4 |
| Transfer to assets classified as held for sale | 35 | – | – | – | 35 |
| Disposals | 115 | 163 | 169 | – | 447 |
| Effect of movements in exchange rates | 14 | 23 | 15 | – | 52 |
| Balance at 31 December 2006 | (1,249) | (2,803) | (2,150) | – | (6,202) |
| Carrying amount | |||||
| At 1 January 2005 | 1,529 | 2,074 | 1,007 | 163 | 4,773 |
| At 31 December 2005 | 1,386 | 2,369 | 1,041 | 271 | 5,067 |
| At 1 January 2006 | 1,386 | 2,369 | 1,041 | 271 | 5,067 |
| At 31 December 2006 | 1,372 | 2,104 | 1,055 | 413 | 4,944 |
Security
Property, plant & equipment totaling €131 million (2005: €137 million) have been pledged to the authorities in a number of countries as security for the payment of taxation, particularly excise duties on beers, non-alcoholic beverages and spirits and import duties.
Property, plant & equipment under construction
Property, plant & equipment under construction mainly relates to the construction of the new brewery and bottling hall at Seville, Spain. The new bottling hall will come on-stream in 2007 and the new brewery will be fully operational early 2008.
