|
13. |
Property and equipment |
|
|
|
Property
and
equipment |
|
|
Leasehold
improvements |
|
|
Total |
|
|
|
|
(in € millions) |
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
At January 1, 2018 |
|
|
105 |
|
|
|
73 |
|
|
|
178 |
|
|
Additions |
|
|
3 |
|
|
|
142 |
|
|
|
145 |
|
|
Disposals |
|
|
(46 |
) |
|
|
(1 |
) |
|
|
(47 |
) |
|
Exchange differences |
|
|
(1 |
) |
|
|
2 |
|
|
|
1 |
|
|
At December 31, 2018 |
|
|
61 |
|
|
|
216 |
|
|
|
277 |
|
|
Additions |
|
|
20 |
|
|
|
106 |
|
|
|
126 |
|
|
Acquired in business combinations |
|
|
1 |
|
|
|
5 |
|
|
|
6 |
|
|
Disposals |
|
|
(29 |
) |
|
|
(38 |
) |
|
|
(67 |
) |
|
Exchange differences |
|
|
1 |
|
|
|
6 |
|
|
|
7 |
|
|
At December 31, 2019 |
|
|
54 |
|
|
|
295 |
|
|
|
349 |
|
|
Accumulated depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
At January 1, 2018 |
|
|
(84 |
) |
|
|
(21 |
) |
|
|
(105 |
) |
|
Depreciation charge |
|
|
(12 |
) |
|
|
(9 |
) |
|
|
(21 |
) |
|
Disposals |
|
|
45 |
|
|
|
— |
|
|
|
45 |
|
|
Exchange differences |
|
|
1 |
|
|
|
— |
|
|
|
1 |
|
|
At December 31, 2018 |
|
|
(50 |
) |
|
|
(30 |
) |
|
|
(80 |
) |
|
Depreciation charge |
|
|
(8 |
) |
|
|
(21 |
) |
|
|
(29 |
) |
|
Impairment charge |
|
|
— |
|
|
|
(6 |
) |
|
|
(6 |
) |
|
Disposals |
|
|
30 |
|
|
|
28 |
|
|
|
58 |
|
|
Exchange differences |
|
|
(1 |
) |
|
|
— |
|
|
|
(1 |
) |
|
At December 31, 2019 |
|
|
(29 |
) |
|
|
(29 |
) |
|
|
(58 |
) |
|
Cost, net accumulated depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2018 |
|
|
11 |
|
|
|
186 |
|
|
|
197 |
|
|
At December 31, 2019 |
|
|
25 |
|
|
|
266 |
|
|
|
291 |
|
For the year ended December 31, 2019, the Group recognized a €6 million impairment charge on leasehold improvements upon termination of the associated lease agreement.
The Group had €15 million and €100 million of leasehold improvements that were not placed into service as of December 31, 2019 and 2018, respectively.
|