9. Property, Plant and Equipment

Group

Land and buildings (Owned)

Land and buildings (Leased)

Plant and equipment

Fixtures and fittings

Capital projects in progress

Total

€’000

€’000

€’000

€’000

€’000

€’000

Cost

Balance at 1 January 2019

61,854

-

169,508

2,023

17,947

251,332

Additions

-

-

-

-

11,570

11,570

Adjustment on initial application of IFRS 16 Leases

-

4,502

-

-

-

4,502

Reclassifications

5,662

-

4,708

99

(10,469)

-

Transfer

(138)

-

-

-

-

(138)

Disposals and retirements

(121)

-

(5,174)

(13)

-

(5,308)

Balance at 31 December 2019

67,257

4,502

169,042

2,109

19,048

261,958

Balance at 1 January 2020

67,257

4,502

169,042

2,109

19,048

261,958

Additions

-

-

-

-

5,850

5,850

Reclassifications

883

50

12,755

114

(13,802)

-

Disposals and retirements

(556)

(479)

(16,946)

(119)

(3,251)

(21,351)

Balance at 31 December 2020

67,584

4,073

164,851

2,104

7,845

246,457

Depreciation

Balance at 1 January 2019

53,507

-

128,071

1,908

-

183,486

Depreciation for the year

2,279

764

9,632

60

-

12,735

Disposals and retirements

(121)

-

(5,157)

(13)

-

(5,291)

Balance at 31 December 2019

55,665

764

132,546

1,955

-

190,930

Balance at 1 January 2020

55,665

764

132,546

1,955

-

190,930

Depreciation for the year

3,659

757

8,076

71

-

12,563

Disposals and retirements

(73)

(423)

(17,403)

(119)

-

(18,018)

Balance at 31 December 2020

59,251

1,098

123,219

1,907

-

185,475

Net Book Value

At 31 December 2019

11,592

3,738

36,496

154

19,048

71,028

At 31 December 2020

8,333

2,975

41,632

197

7,845

60,982

The Group leases several assets including land & buildings. The average lease term is 8 years (2019: 8 years).

RTÉ

Land and buildings (Owned)

Land and buildings (Leased)

Plant and equipment

Fixtures and fittings

Capital projects in progress

Total

€’000

€’000

€’000

€’000

€’000

€’000

Cost

Balance at 1 January 2019

50,758

-

71,427

1,824

8,774

132,783

Additions

-

-

-

-

7,808

7,808

Adjustment on initial application of IFRS 16 Leases

-

1,818

-

-

-

1,818

Reclassifications

4,616

-

3,551

99

(8,266)

-

Disposals and retirements

(108)

-

(3,713)

(13)

-

(3,834)

Transfer

(138)

-

-

-

-

(138)

Balance at 31 December 2019

55,128

1,818

71,265

1,910

8,316

138,437

Balance at 1 January 2020

55,128

1,818

71,265

1,910

8,316

138,437

Additions

-

-

-

-

2,960

2,960

Reclassifications

692

50

5,226

114

(6,082)

-

Disposals and retirements

-

(479)

(9,353)

(119)

-

(9,951)

Balance at 31 December 2020

55,820

1,389

67,138

1,905

5,194

131,446

Depreciation

Balance at 1 January 2019

47,597

-

66,197

1,802

-

115,596

Depreciation for the year

1,867

467

3,990

40

-

6,364

Disposals and retirements

(108)

-

(3,713)

(13)

-

(3,834)

Balance at 31 December 2019

49,356

467

66,474

1,829

-

118,126

Balance at 1 January 2020

49,356

467

66,474

1,829

-

118,126

Depreciation for the year

3,184

459

3,472

51

-

7,166

Disposals and retirements

-

(423)

(9,353)

(119)

-

(9,895)

Balance at 31 December 2020

52,540

503

60,593

1,761

-

115,397

Net Book Value

At 31 December 2019

5,772

1,351

4,791

81

8,316

20,311

At 31 December 2020

3,280

886

6,545

144

5,194

16,049

RTÉ leases several assets including various buildings. The average lease term is 4 years (2019: 4 years).