11 – Noncurrent assets

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

 

 

Intangible assets

Property, plant and equipment

 

 

2016

2015

2016

2015

Acquisition costs

 

 

 

 

 

Balance as of January 1

 

16,373

16,325

67,234

64,414

Additions

 

44

172

1,922

2,688

Disposals

 

(363)

(43)

(440)

(627)

Transfers

 

(5)

(269)

3

(929)

Exchange differences

 

18

876

(296)

1,959

Balance as of June 30

 

16,067

17,061

68,423

67,505

Amortization and depreciation

 

 

 

 

 

Balance as of January 1

 

3,836

3,358

41,974

40,918

Additions

 

299

340

1,719

1,510

Disposals

 

(295)

(42)

(347)

(598)

Transfers

 

(35)

(1)

(189)

Exchange differences

 

21

168

(202)

1,015

Balance as of June 30

 

3,861

3,789

43,143

42,656

Net carrying amount as of June 30

 

12,206

13,272

25,280

24,849

Significant investments in the first half of 2016 especially pertained to the construction of the aroma ingredients complex in Kuantan, Malaysia, and of oil and gas production facilities and wells in Europe and South America, as well as the expansion of the Dicamba plant in Beaumont, Texas. Investments were particularly made at the sites in Ludwigshafen, Germany; Freeport, Texas; Geismar, Louisiana; and Kuantan, Malaysia.

Reductions in property, plant and equipment and intangible assets were mainly attributable to the derecognition of fully written off assets. Disposals were also related to the sale of the global polyolefin catalyst business to W. R. Grace & Co., Columbia, Maryland.

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

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

 

 

2016

2015

Balance as of January 1

 

4,436

3,245

Additions

 

40

45

Disposals

 

(1)

(5)

Transfers

 

(15)

63

Exchange differences

 

(6)

110

Balance as of June 30

 

4,454

3,458

Other financial assets (million €)

 

 

June 30, 2016

December 31, 2015

June 30, 2015

Other shareholdings

 

424

420

484

Long-term securities

 

112

106

87

Other financial assets

 

536

526

571