16 Property, plant and equipment

 

Buildings

Others

Total

As at 1 January 2016

3

2

5

Depreciations

-

(1)

(1)

As at 31 December 2016

3

1

4

    

Investments

2

-

2

Transfer from IPUC

10

-

10

Disposal of former head office

(3)

-

(3)

Depreciations

-

-

-

Revaluation

1

-

1

As at 31 December 2017

13

1

14

The former head office in Maastricht was sold in 2017 (disposal of €3 million). The new head office in Amsterdam “De Boel” is transferred from Investment Property Under Construction to Property, Plant and Equipment in the last quarter of 2017. The economic life of the building is set at twenty five years and the residual value amounts to €5 million. The building is valued at fair value by an independent appraiser for an amount of €11 million. For the determination of the fair value we refer to the explanation provided in Note 4.

The investments recorded in 2017 mainly relate to the fixtures & fittings (amortisation period of 10 years) and furniture (amortisation period of 5 years) for the new office.

The value of the other property, plant and equipment amounts to €1 million (2016: €1 million).