30. Tangible assets

Changes in tangible assets (by group) in the year ended 31 December 2014

 Technical equipment and machinesVehiclesTangible assets under constructionReal Property 1)Other tangible assetsTotal tangible assets
Gross value of tangible assets – opening balance 582,604 116,418 22,954 1,081,035 139,549 1,942,560
Increases (due to): 64,174 53,269 66,747 132,354 54,759 371,303
- purchase 26,217 12,920 54,498 8,162 9,018 110,815
- change in group composition 27,563 15,782 730 105,199 39,899 189,173
- reclassification from investment property - - - 15,419 - 15,419
- reclassification from tangible assets under construction 9,875 21,827 - 3,574 5,693 40,969
- other 519 2,740 11,519 - 149 14,927
Decreases (due to): -108,241 -25,255 -46,798 -83,617 -18,344 -282,255
- sale -1,691 -22,926 - -233 -1,367 -26,217
- liquidation -98,748 -2,329 - -608 -14,737 -116,422
- reclassification to assets held for sale according to IFRS 5 -4,879 - - -20,691 -1,810 -27,380
- reclassification to investment property -1,893 - -124 -61,714 -62 -63,793
- reclassification from tangible assets under construction - - -40,969 - - -40,969
- other -1,030 - -5,705 -371 -368 -7,474
Exchange differences -1,887 -771 12 610 -961 -2,997
Gross value of tangible assets – closing balance 536,650 143,661 42,915 1,130,382 175,003 2,028,611
Accumulated depreciation – opening balance -494,299 -52,976 - -322,530 -86,050 -955,855
Changes (due to): 55,925 -2,346 -422 -45,106 -21,309 -13,258
- depreciation for the period -29,785 -14,318 - -29,960 -15,372 -89,435
- sale 1,550 18,423 - 208 1,220 21,401
- liquidation 98,229 2,253 - 500 14,483 115,465
- change in group composition -20,411 -7,074 -415 -28,933 -24,166 -80,999
- reclassification to assets held for sale according to IFRS 5 3,310 - - 3,063 1,422 7,795
- reclassification to investment property 1,265 - - 10,157 36 11,458
- exchange differences 1,412 462 -7 22 898 2,787
- other 355 -2,092 - -163 170 -1,730
Accumulated depreciation – closing balance -438,374 -55,322 -422 -367,636 -107,359 -969,113
Impairment losses – opening balance - - - -59,424 - -59,424
Changes recognized in the financial profit/loss, including: -2,452 -20 -15 5,921 - 3,434
- other operating expenses -2,490 -20 -15 -2,139 - -4,664
- other operating revenue 38 - - 8,060 - 8,098
Other changes: -961 3 - 3,300 -4,241 -1,899
- change in group composition -1,301 - - - -4,241 -5,542
- reclassification to assets held for sale according to IFRS 5 - - - 1,446 - 1,446
- reclassification to investment property - - - 1,863 - 1,863
- other 340 3 - -9 - 334
Impairment losses – closing balance -3,413 -17 -15 -50,203 -4,241 -57,889
Net value of tangible assets – closing balance 94,863 88,322 42,478 712,543 63,403 1,001,609

1) including land perpetual usufruct

Position „reclassification to assets held for sale according to IFRS 5” disclodes the transfer of assets of PZU Lietuva to assets available for sale in relation to transaction described in Note 59.9.1. The decrese of assets was translated at an average exchange rate disclosed in Note 5.3.

Changes in tangible assets (by group) in the year ended 31 December 2013

 Technical equipment and machinesVehiclesTangible assets under constructionProperty 1)Other tangible assetsTotal tangible assets
Gross value of tangible assets – opening balance 604,403 104,430 44,258 1,110,039 137,027 2,000,157
Increases (due to): 40,362 31,501 38,404 56,147 19,996 186,410
- purchase 15,469 1,474 38,167 6,379 12,939 74,428
- change in group composition 3,525 11,581 220 689 2,221 18,236
- reclassification to investment property - - - 46,966 - 46,966
- reclassification from tangible assets under construction 20,947 18,226 - 200 2,666 42,039
- other 421 220 17 1,913 2,170 4,741
Decreases (due to): -62,037 -19,429 -59,708 -85,201 -17,397 -243,772
- sale -7,999 -19,205 -2 - -271 -27,477
- liquidation -50,185 -224 -12,257 -2,904 -16,876 -82,446
- reclassification to assets held for sale according to IFRS 5 - - - -25,001 - -25,001
- reclassification to investment property - - - -57,296 - -57,296
- reclassification from tangible assets under construction - - -42,039 - - -42,039
- other -3,853 - -5,410 - -250 -9,513
Exchange differences -124 -84 - 50 -77 -235
Gross value of tangible assets – closing balance 582,604 116,418 22,954 1,081,035 139,549 1,942,560
Accumulated depreciation – opening balance -523,810 -53,521 - -308,816 -84,730 -970,877
Changes (due to): 29,511 545 - -13,714 -1,320 15,022
- depreciation for the period -28,691 -12,726 - -26,649 -13,481 -81,547
- sale 7,362 18,286 - - 276 25,924
- liquidation 50,002 123 - 2,046 16,234 68,405
-hange in group composition -2,301 -4,975 - -255 -1,807 -9,338
- reclassification to assets held for sale according to IFRS 5 - - - 5,468 - 5,468
- reclassification to investment property - - - 5,873 - 5,873
- exchange differences 87 50 - 21 73 231
- other 3,052 -213 - -218 -2,615 6
Accumulated depreciation – closing balance -494,299 -52,976 - -322,530 -86,050 -955,855
Impairment losses – opening balance - - -12,238 -24,725 - -36,963
Changes recognized in the financial profit/loss, including: - - - -37,441 - -37,441
- other operating expenses - - - -52,129 - -52,129
- other operating revenues - - - 14,688 - 14,688
Other changes: - - 12,238 2,742 - 14,980
- change in group composition - - - -124 - -124
- reclassification to assets held for sale according to IFRS 5 - - - 2,873 - 2,873
- exchange differences - - - -7 - -7
- liquidation of investments in foreign property - - 12,238 - - 12,238
Impairment losses – closing balance - - - -59,424 - -59,424
Net value of tangible tangible assets – closing balance 88,305 63,442 22,954 699,081 53,499 927,281

1) including land perpetual usufruct

“Reclassifications to investment property” include the same values, as explained in Note 31.