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(2) Property, plant and equipment

Changes in property, plant and equipment were as follows:

Changes in Property, Plant and Equipment in 2011
           
€ million Land and buildings Technical equipment and machinery Other fixtures, fittings and equipment Advance payments and assets under construction Total
           
Cost of acquisition or construction, Dec. 31, 2010 1,255 5,483 231 421 7,390
Changes in scope of consolidation/acquisitions 24 157 2 5 188
Capital expenditures 14 112 19 522 667
Disposals (17) (132) (8) (2) (159)
Reclassifications 31 169 9 (209) 0
Exchange differences (5) (15) (1) 11 (10)
Cost of acquisition or construction, Dec. 31, 2011 1,302 5,774 252 748 8,076
Accumulated depreciation and impairment losses, Dec. 31, 2010 (838) (4,247) (174) 0 (5,259)
Changes in scope of consolidation         0
Depreciation and impairment losses in 2011 (35) (234) (22)   (291)
of which impairment losses (2) (7) 0   (9)
Disposals 17 130 8   155
Reclassifications 0 0 0   0
Exchange differences 0 (3) 1   (2)
Accumulated depreciation and impairment losses, Dec. 31, 2011 (856) (4,354) (187) 0 (5,397)
Carrying amounts, Dec. 31, 2011 446 1,420 65 748 2,679
 
Changes in Property, Plant and Equipment in 2012
           
€ million Land and buildings Technical equipment and machinery Other fixtures, fittings and equipment Advance payments and assets under construction Total
           
Cost of acquisition or construction, Dec. 31, 2011 1,302 5,774 252 748 8,076
Changes in scope of consolidation/acquisitions 1 6 0 0 7
Capital expenditures 43 202 18 440 703
Disposals (29) (43) (8) (1) (81)
Reclassifications 102 307 19 (428) 0
Exchange differences (20) (45) (3) (13) (81)
Cost of acquisition or construction, Dec. 31, 2012 1,399 6,201 278 746 8,624
Accumulated depreciation and impairment losses, Dec. 31, 2011 (856) (4,354) (187) 0 (5,397)
Changes in scope of consolidation         0
Depreciation and impairment losses in 2012 (41) (270) (27) 0 (338)
of which impairment losses (2) (2)     (4)
Disposals 28 42 7   77
Reclassifications         0
Exchange differences 5 20 3   28
Accumulated depreciation and impairment losses, Dec. 31, 2012 (864) (4,562) (204) 0 (5,630)
Carrying amounts, Dec. 31, 2012 535 1,639 74 746 2,994
 

Capitalized property, plant and equipment includes assets with the following gross and net values held under finance leases:

Assets Held Under Finance Leases
         
€ million Dec. 31, 2011 Dec. 31, 2012
         
  Gross carrying amount Net carrying amount Gross carrying amount Net carrying amount
         
Buildings 10 2 3 3
Technical equipment and machinery 151 56 151 50
Fittings and equipment 4 3 5 3
  165 61 159 56
 

Directly attributable borrowing costs of €23 million (2011: €12 million) were capitalized. The average cost of borrowing for the LANXESS Group was 5.1% in 2012 (2011: 5.2%).

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