Vetoquinol Universal Registration Document 2019

Vetoquinol  Universal Registration Document 2019  Financial report   85 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 6 6.5.21 Property, plant and equipment Property, plant and equipment is carried at acquisition cost (initially the purchase price, plus any ancillary expenses and purchase-related costs) or at production cost, less accumulated depreciation. Straight line depreciation is the method considered to be most economically justifiable. The Group has not opted for revaluation at fair value. Land is not depre- ciated. The Group uses the following depreciation periods for property, plant and equipment: Categories Method Period Buildings Straight line 15-40 years Fixtures Straight line 10-20 years Production equipment Straight line 6-15 years Vehicles/office equipment/research Straight line 5-8 years Other PP&E Straight line 5 years €000 Land Buildings Plant and equipment Other Property, plant and equipment PP&E in progress, advances and down payments Total AT DECEMBER 31, 2017 GROSS BOOK VALUE 4,197 79,075 65,402 16,882 4,174 169,730 ACCUMULATED DEPRECIATION (933) (54,586) (46,475) (13,112) - (115,106) NET BOOK VALUE 3,264 24,489 18,928 3,769 4,174 54,624 Additions 359 1,868 1,931 965 6,217 11,340 Acquisitions through business combinations - - - (9) - (9) Change in consolidation method - - - - - - Net book value (41) (323) (52) (90) (58) (564) Depreciation (98) (2,966) (3,827) (1,456) - (8,348) Exchange differences, net (155) (368) (264) (57) (33) (877) Deconsolidation - - - - - - Reclassifications - 1,380 1,635 516 (3,537) (6) AT DECEMBER 31, 2018 GROSS BOOK VALUE 4,360 80,743 66,500 16,878 6,763 175,243 ACCUMULATED DEPRECIATION (1,031) (56,662) (48,150) (13,222) - (119,065) NET BOOK VALUE 3,329 24,081 18,350 3,655 6,763 56,178 Additions 10 953 3,370 1,554 3,744 9,631 Acquisitions through business combinations - 111 1,351 804 1,777 4,043 Change in consolidation method - - - - - - Disposals (net book value) - (167) (126) (97) (106) (495) Depreciation (119) (3,254) (4,379) (1,737) - (9,488) Exchange differences, net 7 384 131 5 (40) 487 Deconsolidation - - - - - - Reclassifications 2 3,968 2,523 639 (7,132) - AT DECEMBER 31, 2019 GROSS BOOK VALUE 4,264 84,954 74,270 19,432 5,005 187,925 ACCUMULATED DEPRECIATION (1,035) (58,878) (53,049) (14,607) - (127,570) NET BOOK VALUE 3,229 26,076 21,220 4,824 5,005 60,355