DSV Annual Report 2022
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DSV Annual Report 2022 Consolidated financial statements 2022
= III
3.3 Property, plant and equipment
Accounting policies
Land and buildings and other plant and operating equipment are measured at
cost less accumulated depreciation and impairment losses.
The cost comprises the acquisition price and other expenses directly attributa-
ble to preparing the asset for its intended use. The present value of estimated
expenses for dismantling and disposing of the asset as well as restoration
expenses are added to the cost if such expenses are recognised as a provision.
Material borrowing costs directly attributable to the construction of the indi-
vidual asset are also added to cost.
If the individual components of an asset have different useful lives, each
component will be depreciated separately.
The cost of self-constructed assets comprises direct and indirect costs for
materials, components, subcontractors, wages and salaries. Costs for
self-constructed assets are recognised as property, plant and equipment in
progress on an ongoing basis until the assets are ready for use.
Subsequent costs, such as partial replacement of property, plant and equip-
ment, are included in the carrying amount of the asset in question when it is
probable that such costs will result in future economic benefits.
The carrying amount of the replaced parts is disposed from the balance
sheet and recognised in the income statement.
2022
2021
Property, plant and equipment (DKKm)
Cost at 1 January
Additions from business combinations/previous period adjustments
Land and
buildings
Other plant
and operating
Property, plant
and equipment
Land and
Other plant
and operating
equipment
in progress
Total
buildings
equipment
Property, plant
and equipment
in progress
Total
4,907
3,838
282
9,027
2,355
2,649
473
5,477
(408)
(408)
2,229
295
30
2,554
Additions
Disposals
393
963
158
1,514
241
762
177
1,180
(533)
(402)
(935)
(146)
(348)
(33)
(527)
Transferred to assets held for sale
2
(2)
Reclassification
19
22
(26)
15
64
356
(375)
45
Currency translation
83
4
87
162
124
12
298
Total cost at 31 December
4,461
4,425
414
9,300
4,907
3,838
282
9,027
Total depreciation and impairment at 1 January
1,111
1,654
2,765
967
1,496
2,463
Depreciation for the year
341
530
871
231
388
619
Disposals
(226)
(402)
(628)
(87)
(289)
(376)
Reclassification
(21)
21
24
31
55
Currency translation
7
1
8
(24)
28
4
Total depreciation and impairment at 31 December
1,212
1,804
3,016
1,111
1,654
2,765
Carrying amount at 31 December
3,249
2,621
414
6,284
3,796
2,184
282
6,262View entire presentation