Group 16: Amortisation and depreciation expense
|TEUR#50,198
| in TEUR | 2011 | 2010 |
|---|---|---|
| Amortisation expense of intangible assets | 6.431 | 6.010 |
| Depreciation expense of property, plant and equipment | 43.767 | 46.227 |
| Total | 50.198 | 52.237 |
A lower amortisation and depreciation expense in 2011 is due to a lower scope of investments made in the past three years, as well the extension of the service life of some of the major items of plant and equipment in 2010 and 2011, mostly in the production centres of the Home Appliances Division.
The service life of these items was extended based on estimations made during the regular valuation assessments.