11 – Noncurrent assets

First-quarter 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

 

16

87

943

1,247

Disposals

 

(33)

(42)

(97)

(148)

Transfers

 

(3)

64

2

53

Exchange differences

 

(294)

1,217

(1,100)

2,995

Balance as of March 31

 

16,059

17,651

66,982

68,561

Amortization and depreciation

 

 

 

 

 

Balance as of January 1

 

3,836

3,358

41,974

40,918

Additions

 

132

149

814

746

Disposals

 

(31)

(42)

(73)

(128)

Transfers

 

3

(1)

(8)

Exchange differences

 

(44)

222

(590)

1,547

Balance as of March 31

 

3,893

3,690

42,124

43,075

Net carrying amount as of March 31

 

12,166

13,961

24,858

25,486

Significant investments in the first quarter of 2016 were particularly related to the construction of the aroma ingredients complex in Kuantan, Malaysia; the TDI complex in Ludwigshafen, Germany; and oil and gas production facilities and wells in Europe and South America. Investments for expansion purposes were made especially at the sites in Ludwigshafen, Germany; Geismar, Louisiana; Freeport, Texas; Beaumont, Texas; and Antwerp, Belgium.

Exchange differences in the first quarter of 2016 arose to a large extent from the depreciation of the U.S. dollar relative to the euro.

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

 

 

2016

2015

Balance as of January 1

 

4,436

3,245

Additions

 

15

35

Disposals

 

(5)

Transfers

 

34

65

Exchange differences

 

(33)

172

Balance as of March 31

 

4,452

3,512

Other financial assets (million €)

 

 

March 31,
2016

December 31,
2015

March 31,
2015

Other shareholdings

 

418

420

445

Long-term securities

 

109

106

88

Other financial assets

 

527

526

533