7. Property, plant, and equipment
| CHF million | Land / buildings | Machinery | Other fixed assets | Construction in progress | 2014 Total |
|---|---|---|---|---|---|
| Acquisition costs as at January 1, 2014 | 742.8 | 967.4 | 182.2 | 135.2 | 2,027.6 |
| Additions | 49.8 | 80.0 | 15.1 | 78.7 | 223.6 |
| Retirements | – 0.8 | – 5.2 | – 2.3 | – | – 8.3 |
| Transfers | 53.5 | 44.0 | 3.4 | – 101.3 | – 0.4 |
| Acquisition of subsidiary (note 32) | 65.3 | 18.3 | 8.2 | 1.4 | 93.2 |
| Currency translation | 17.1 | 13.4 | 0.8 | 2.7 | 34.0 |
| Acquisition costs as at December 31, 2014 | 927.7 | 1,117.8 | 207.4 | 116.7 | 2,369.6 |
| Accumulated depreciation as at January 1, 2014 | 382.0 | 645.7 | 146.6 | – | 1,174.3 |
| Additions | 31.0 | 54.6 | 15.2 | – | 100.9 |
| Impairments | 3.5 | 0.1 | 0.2 | – | 3.8 |
| Retirements | – 0.7 | – 4.5 | – 2.1 | – | – 7.3 |
| Transfers | – | – | – | – | – |
| Currency translation | 4.3 | 5.4 | 0.3 | – | 10.0 |
| Accumulated depreciation as at December 31, 2014 | 420.1 | 701.3 | 160.1 | – | 1,281.5 |
| Net fixed assets as at December 31, 2014 | 507.6 | 416.5 | 47.3 | 116.7 | 1,088.1 |
| CHF million | Land / buildings | Machinery | Other fixed assets | Construction in progress | 2013 Total |
| Acquisition costs as at January 1, 2013 | 706.6 | 928.8 | 166.8 | 65.9 | 1,868.1 |
| Additions | 29.9 | 34.7 | 14.6 | 98.1 | 177.4 |
| Retirements | – 4.0 | – 9.9 | – 1.8 | – | – 15.7 |
| Transfers | 13.3 | 12.7 | 2.5 | – 28.6 | – 0.1 |
| Currency translation | – 3.0 | 1.1 | 0.1 | – 0.2 | – 2.0 |
| Acquisition costs as at December 31, 2013 | 742.8 | 967.4 | 182.2 | 135.2 | 2,027.6 |
| Accumulated depreciation as at January 1, 2013 | 359.9 | 602.7 | 134.1 | – | 1,096.7 |
| Additions | 27.9 | 50.1 | 14.1 | – | 92.1 |
| Impairments | 0.2 | 0.5 | – | – | 0.7 |
| Retirements | – 3.8 | – 9.8 | – 1.7 | – | – 15.3 |
| Transfers | – 0.6 | 0.6 | – 0.1 | – | – 0.1 |
| Currency translation | – 1.6 | 1.6 | 0.2 | – | 0.2 |
| Accumulated depreciation as at December 31, 2013 | 382.0 | 645.7 | 146.6 | – | 1,174.3 |
| Net fixed assets as at December 31, 2013 | 360.8 | 321.7 | 35.6 | 135.2 | 853.3 |
Advance payments of CHF 50.6 million (CHF 35.8 million in 2013) are included in the position construction in progress. The insurance value of property, plant, and equipment amounts to CHF 3,026.6 million (CHF 2,240.9 million in 2013). No mortgages exist on land and buildings.
The impairment charge of CHF 3.8 million (CHF 0.7 million in 2013) consists of writedowns of land and buildings of CHF 3.5 million (CHF 0.2 million in 2013) and of machinery and other fixed assets of CHF 0.3 million (CHF 0.5 million in 2013).
The net book value of capitalized assets, under financial lease, amounted to CHF 1.4 million (CHF 1.8 million in 2013). Operating lease commitments are not capitalized.