17 Property and Equipment

Property and equipment for the year 2008

In CHF million


Notes 

Land and
buildings
Buildings
under
construction

Furniture
and fixtures


Hardware

Other
equipment


Total
 
Cost 
Balance as at 1 January  8871079172181 175
Additions  2717314202236
Additions from business combinations29  521416082
Classification as assets held for sale and other disposals  –420–9–5–56
Transfers to investment property15  –95–182–277
Revaluation in respect of transfers to investment property  88
Foreign currency translation differences  –37–2–6–40–49
Balance as at 31 December  8009611395151 119
 
Accumulated depreciation and impairment 
Balance as at 1 January  –185–2–61–50–13–311
Depreciation8  –21–10–18–1–50
Impairment losses  –2–1–10–4
Classification as assets held for sale and other disposals  407314
Transfers to investment property15  2121
Foreign currency translation differences  641213
Balance as at 31 December  –175–4–68–61–9–317
 
Total property and equipment as at 31 December  6259245346802
of which assets held under a finance lease  011


Property and equipment for the year 2007

In CHF million


Notes 

Land and
buildings
Buildings
under
construction

Furniture
and fixtures


Hardware

Other
equipment


Total
 
Cost 
Balance as at 1 January  1 187116130143241 600
Additions  65210121494
Additions from business combinations29  0000
Classification as assets held for sale and other disposals  –271–56–86–21–434
Transfers to investment property15  –50–61–111
Revaluation in respect of transfers to investment property  22
Changes from discontinued operations  362112
Foreign currency translation differences  1011012
Balance as at 31 December  8871079172181 175
 
Accumulated depreciation and impairment 
Balance as at 1 January  –220–2–92–111–16–441
Depreciation8  –20–10–14–2–46
Impairment losses  –1–40–5
Classification as assets held for sale and other disposals  4545827179
Transfers to investment property15  1616
Changes from discontinued operations  –5–2–2–1–10
Foreign currency translation differences  –1–1–1–1–4
Balance as at 31 December  –185–2–61–50–13–311
 
Total property and equipment as at 31 December  70210530225864
of which assets held under a finance lease  40242


No borrowing costs were capitalised in property and equipment in 2008 and 2007.

 
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