17 Property and Equipment

Property and equipment for the year 2010
In CHF million  

Notes 
Land and
buildings
Furniture
and fixtures

Hardware
Other
equipment

Total
 
Cost
 
Balance as at 1 January
  835 84 62 10 991
Additions
  14 3 6 1 24
Classification as assets held for sale and other disposals
  –28 –19 –14 –2 –63
Transfers from/to investment property
15  –45 –45
Revaluation in respect of transfers to investment property
  3 3
Foreign currency translation differences
  –59 –7 –6 –1 –73
Balance as at end of period
  720 61 48 8 837
 
Accumulated depreciation and impairment
 
Balance as at 1 January
  –197 –49 –43 –6 –295
Depreciation
  –19 –6 –8 –2 –35
Impairment losses
  0 –3 –3
Classification as assets held for sale and other disposals
  5 18 14 2 39
Transfers to investment property
15  7 7
Foreign currency translation differences
  10 5 3 1 19
Balance as at end of period
  –194 –35 –34 –5 –268
 
Total property and equipment as at end of period
  526 26 14 3 569
of which assets held under a finance lease   2 2


Property and equipment for the year 2009
In CHF million  

Notes 
Land and
buildings
Furniture
and fixtures

Hardware
Other
equipment

Total
 
Cost
 
Balance as at 1 January
  896 113 95 15 1 119
Effect of amendment to IAS 40
  –96 –96
Additions
  21 7 18 1 47
Additions from business combinations
29  0 0 0 0
Classification as assets held for sale and other disposals
  0 –35 –51 –6 –92
Transfers from/to investment property
15  16 16
Foreign currency translation differences
  –2 –1 0 0 –3
Balance as at end of period
  835 84 62 10 991
 
Accumulated depreciation and impairment
 
Balance as at 1 January
  –179 –68 –61 –9 –317
Effect of amendment to IAS 40
  4 4
Depreciation
  –21 –9 –16 –1 –47
Impairment losses
  –1 –7 –15 –1 –24
Classification as assets held for sale and other disposals
  0 35 49 4 88
Foreign currency translation differences
  0 0 0 1 1
Balance as at end of period
  –197 –49 –43 –6 –295
 
Total property and equipment as at end of period
  638 35 19 4 696
of which assets held under a finance lease   3 3


No borrowing costs were capitalised in property and equipment in 2010 and 2009.

The adoption of an amendment to IAS 40 Investment Property and a consequential amendment to IAS 16 Property, Plant and Equipment led to the reclassification of property under construction or development for future use as investment property from property and equipment to investment property as at 1 January 2009. The amount reclassified came to CHF 92 million.

 
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