16. Property, plant and equipment

The acquisition or construction costs and the accumulated depreciation and impairment losses on property, plant and equipment are as follows:

Acquisition or construction cost

            T 055
             
in € thousand 10/1/2014 Exchange rate
differences
Additions Disposals Transfers 9/30/2015
             
Property, plant and equipment            
Land and buildings 620,855 1,855 7,886 (2,060) (3,073) 625,463
Technical equipment and machinery 1,950,927 4,997 37,658 (30,285) 43,215 2,006,512
Other equipment, factory and office equipment 84,277 532 6,460 (3,865) 992 88,396
Leased assets 34,783 0 0 (112) 0 34,671
Payments on account for assets under construction 70,671 229 70,935 (68) (52,560) 89,207
             
  2,761,513 7,613 122,939 (36,390) (11,426) 2,844,249

Depreciation and impairment losses

            T 056
             
in € thousand 10/1/2014 Exchange rate
differences
Depreciation
and impairment
losses for the
fiscal year
Disposals Transfers 9/30/2015
             
Property, plant and equipment            
Land and buildings (329,793) (114) (21,201) 1,705 5,505 (343,898)
Technical equipment and machinery (1,052,254) (1,478) (104,211) 22,834 0 (1,135,109)
Other equipment, factory and office equipment (57,633) (276) (7,553) 3,626 0 (61,836)
Leased assets (14,071) 0 (1,932) 111 0 (15,892)
Payments on account for assets under construction (446) 14 0 0 0 (432)
             
  (1,454,197) (1,854) (134,897) 28,276 5,505 (1,557,167)

Carrying amount

    T 057
     
in € thousand 9/30/2015 9/30/2014
     
Property, plant and equipment    
Land and buildings 281,565 291,062
Technical equipment and machinery 871,403 898,673
Other equipment, factory and office equipment 26,560 26,644
Leased assets 18,779 20,712
Payments on account for assets under construction 88,775 70,225
     
  1,287,082 1,307,316

Technical equipment and machinery includes additions and disposals of minimum stocks in the amount of € 8,395 thousand (net), mainly in connection with the commissioning of the new lead refinery.

The transfers of acquisition or construction costs and accumulated depreciation and impairment losses include reclassifications of € 5,921 thousand (net) to “Assets held for sale” (see the fundamental accounting principles). This concerns a property with buildings of Aurubis Switzerland, SA, which is for sale.

In the prior year, the real estate previously disclosed in the reporting line “Assets held for sale” had been reclassified to property, plant and equipment, as a sale within 12 months was considered unlikely at that time. The Management actively resumed its planned sales activities again in fiscal year 2014/15. The property and buildings were therefore classified as held for sale. In this connection, the real estate was subject to an impairment test and an impairment loss of € 2,648 thousand was recorded.

The carrying amount represents the fair value less costs of disposal. This is a fair value on a non-recurring basis which was determined by a real estate assessor. It thus concerns input factors on Level 3 of the assessment hierarchy.

The real estate is disclosed for segment reporting purposes within the Copper Products segment.

Acquisition or construction cost

            T 058
             
in € thousand 10/1/2013 Exchange rate
differences
Additions Disposals Transfers 9/30/2014
             
Property, plant and equipment            
Land and buildings 577,494 315 17,979 (2,351) 27,418 620,855
Technical equipment and machinery 1,854,189 2,106 50,124 (66,250) 110,758 1,950,927
Other equipment, factory and office equipment 79,844 283 6,481 (4,292) 1,961 84,277
Leased assets 34,945 0 77 (239) 0 34,783
Payments on account for assets under construction 148,018 81 52,499 (66) (129,861) 70,671
             
  2,694,490 2,785 127,160 (73,198) 10,276 2,761,513

Depreciation and impairment losses

              T 059
               
in € thousand 10/1/2013 Exchange rate
differences
Appreciation for
the fiscal year
Depreciation
and impairment
losses for
the fiscal year
Disposals Transfers 9/30/2014
               
Property, plant and equipment              
Land and buildings (313,056) 245 990 (16,169) 1,680 (3,483) (329,793)
Technical equipment and machinery (1,014,894) (309) 0 (100,575) 63,906 (382) (1,052,254)
Other equipment, factory and office equipment (54,475) (132) 0 (7,120) 3,712 382 (57,633)
Leased assets (12,352) 0 0 (1,958) 239 0 (14,071)
Payments on account for assets under construction (473) 27 0 0 0 0 (446)
               
  (1,395,250) (169) 990 (125,822) 69,537 (3,483) (1,454,197)

Carrying amount

    T 060
     
in € thousand 9/30/2014 10/1/2013
     
Property, plant and equipment    
Land and buildings 291,062 264,440
Technical equipment and machinery 898,673 839,295
Other equipment, factory and office equipment 26,644 25,369
Leased assets 20,712 22,593
Payments on account for assets under construction 70,225 147,544
     
  1,307,316 1,299,241

The transfers of acquisition or construction costs and accumulated depreciation and impairment losses include reclassifications of € 6,792 thousand (net) from “Assets held for sale”.

Depreciation and impairment losses include an impairment loss of€ ­2,648 thousand (previous year: € 0 thousand) resulting from an impairment test at Aurubis Switzerland, SA, in relation to a property with buildings.

Rented or leased items of property, plant and equipment totaled € 18,779 thousand (previous year: € 20,712 thousand). The carrying amount of the leased facilities includes carrying amounts of € 6,308 thousand (previous year: € 6,828 thousand) for ships for transporting copper concentrates and sulfuric acid and carrying amounts of € 4,983 thousand (previous year: €5,426 thousand) for the warehouse used for storing copper concentrates in Brunsbüttel. Some of the lease payments are adjusted annually based on the indexed price trend for industrial products. The lease agreements are mainly based on fixed rental arrangements. Collateral has not been provided for them.

No property, plant and equipment was pledged as security for loans within the Group as at September 30, 2015 and September 30, 2014. Purchase commitments for property, plant and equipment amounted to € 9,097 thousand as at September 30, 2015 (previous year: € 8,843 thousand).

Minimum stocks are recognized in technical equipment and machinery as components of the respective technical equipment and machinery. Minimum stocks are quantities of materials that are necessary to establish and ensure a production facility’s continuing functionality for its intended use. A total of € 297,453 thousand was allocated to the technical minimum stock as at September 30, 2015 (previous year: € 289,058 thousand).