Consolidated Financial Statements >
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES
216
| 2012 annual report prysmian group
10. ASSETS HELD FOR SALE
These are detailed as follows:
Movements in assets held for sale are detailed as follows:
The change in assets held for sale mainly refers to:
• the sale of buildings by Prysmian Angel Tianjin Cable Co.
Ltd, on which it realised a gain on disposal of Euro 1 million
(classified as non-recurring income - Note 19);
• the reclassification in “Land” of a site in Germany, which its
owner NKF Vastgoed (III). B.V. no longer expects will be sold
soon (Euro 2 million);
• the reclassification to this line item of a site in Great Britain
for which a sale agreement has already been signed (Euro 4
million).
Management expects the assets classified in this line item to
be sold within the next 12 months.
(in millions of Euro)
31 December 2012
31 December 2011
Land
4
2
Buildings
-
2
Plant and machinery
-
1
Total
4
5
(in millions of Euro)
31 December 2012
31 December 2011
Opening balance
5
9
- Business combinations
-
3
- Disposals
(3)
(10)
- Impairment
-
-
- Reclassification
2
3
- Currency translation differences
-
-
Total movements
(1)
(4)
Closing balance
4
5
