a.s.r. annual report 2022

Property, plant and equipment

	31 December 2022	31 December 2021
Land and buildings for own use	115	145
Plant	480	332
Equipment	24	25
Property, plant and equipment owned	618	502

Vehicles	8	10
Land	46	37
Other	7	7
Right-of-use assets	61	54

Total property, plant and equipment	679	556

Changes in property, plant and equipment

	Land and buildings held for own use	Plant	Equipment	Right-of-use assets	Total 2022	Total 2021
At 1 January	145	332	25	54	556	198
Additions	-	157	6	16	179	386
Transfer to Investment property	-18	-	-	-	-18	-
Depreciation	-5	-18	-6	-8	-37	-19
Revaluations through profit or loss	-	-5	-	-	-5	-
Revaluations through equity	-8	21	-	-	13	-7
Other changes	-	-7	-	-1	-9	-2
Changes in the composition of the group	-	-	-	-	-	1
At 31 December	115	480	24	61	679	556
Gross carrying amount as at 31 December	222	498	58	81	859	705
Accumulated depreciation as at 31 December	-108	-18	-34	-20	-180	-149
Net carrying value as at 31 December	115	480	24	61	679	556
Revaluation surplus
At 1 January	38	-	-	-	38	45
Revaluation in the year	-8	21	-	-	13	-7
At 31 December	30	21	-	-	50	38

Additions mainly relate to the acquisition of wind farms Jaap Rodenburg, Nieuwe Hemweg and Strekdammen and solar park Pesse as part of the strategy to invest more in renewable energy, see chapter 6.4.5.

Depreciation of land and buildings held for own use, equipment and right-of-use assets is recorded in the operating expenses, see chapter 6.6.8. Depreciation of plant is recorded in the other expenses, see chapter 6.6.11.

The fair values of land and buildings for own use and plant are based on external valuations and is disclosed in chapter 6.7.1.3.

Property, plant and equipment consists mainly of assets expected to have a useful life of more than one year after the balance sheet date.