10. Property, plant and equipment

Wartość bilansowa

Zestawienie netto rzeczowych aktywów trwałych

Zestawienie brutto rzeczowych aktywów trwałych

Odpisy aktualizujące z tytułu utraty wartości i ich wykorzystanie

In the reporting period, the Group recognised impairment loss on property, plant and equipment of PLN 43 412 thousand (2013: PLN 47 999 thousand) presented in other operating expenses. The amount consists of impairment loss mainly for the phthalic anhydride installation.

Due to the long-term downturn on the market for phthalic anhydride and products for which it is a main component, the Group decided to permanently withdraw from use the phthalic anhydride installation. Therefore it was approved to liquidate the unnecessary equipment and to recognise the impairment loss to their recoverable amount. Phthalic plasticisers will be produced by the Group based on purchased materials. The cost of such materials reflects the decrease in prices due to the current market conditions.

The total impairment loss of PLN 40 267 thousand was allocated to property, plant and equipment in the amount of PLN 40 252 thousand (including buildings and structures of PLN 13 027 thousand, technical devices and machines of PLN 27 077 thousand and other assets of PLN 148 thousand) and to intangible assets in the amount of PLN 15 thousand. The installation’s recoverable amount, estimated as its fair value less costs of disposal, amounts to PLN 11 873 thousand.

Property, plant and equipment under construction

The most significant items of property, plant and equipment under construction included:

• Construction of the New Power Plant for Grupa Azoty ZAK S.A. which is to restore heat and power production capacity using solutions complying with the increasing environmental requirements. As at the 31 December 2014, the capitalized expenditures amounted to PLN 65 549 thousand (31 December 2013: PLN 4 196 thousand),
• Installation of flue gas denitrification and modernization of ECII power plant in Grupa Azoty POLICE which is to adapt the plant to IED Directive. As at the 31 December 2014, the capitalized expenditures amounted to PLN 60 294 thousand (31 December 2013: PLN 49 473 thousand),
• Completion of the first stage of the project ‘Production of solid fertilizers based on urea and ammonium sulphate’ in Grupa Azoty PUŁAWY. As at the 31 December 2014, the capitalize expenditures amounted to PLN 47 411 thousand (31 December 2013: PLN 16 836 thousand),
• Development of continuous production of OXOPLAST® OT in Grupa Azoty ZAK S.A. which is to build an installation producing terephthalate OT. As at 31 December 2014, the capitalized expenditures amounted to PLN 30 048 thousand (31 December 2013: PLN 2 037 thousand),
• Construction of a new ammonia storage tank of a capacity of 10 000 tones in Grupa Azoty PUŁAWY. As at 31 December 2014, the capitalized expenditures amounted to PLN 20 063 thousand (31 December 2013: PLN 37 851 thousand),
• Modernization of the interior of ammonia synthesis reactors in the Parent Company which is to construct a new interior of reactors and to increase the capacity of heat and exchangers. As at the 31 December 2014, the capitalized expenditures amounted to PLN 16 795 thousand (31 December 2013: PLN 9 544 thousand),
• Purchase of a circulating hydrogen compressor for the phenol hydrogenation plant on the Pd catalyst in the Parent Company. As at the 31 December 2014, the capitalized expenditures amounted to PLN 14 506 thousand (31 December 2013: PLN 11 550 thousand),
• Construction of fertilizers warehouse with a capacity of 10 000 tones and associated equipment in the Parent Company. As at the 31 December 2014, the capitalized expenditures amounted to PLN 10 621 thousand (31 December 2013: PLN 365 thousand),
• Modernization of ammonia synthesis reactors in Grupa Azoty POLICE which purpose is to provide the higher extent of synthesis gas conversion. As at 31 December 2014, the capitalized expenditures amounted to PLN 10 470 thousand (31 December 2013: PLN 10 860 thousand).

Rzeczowe aktywa trwałe w leasingu finansowym

The Group leases under finance leases mainly computers, IT infrastructure, catalysts and vehicles including locomotives, carriages, passenger cars and fork lifts. 

Security

As at 31 December 2014, the carrying amount of property, plant and equipment pledged as security for bank loans amounted to PLN 555 860 thousand (31 December 2013: PLN 939 169 thousand).

10.1 Rzeczowe aktywa trwałe przeznaczone do sprzedaży