up

11. Property, Plant and Equipment

Movements in property, plant and equipment for the years ended December 31, 2012 and 2011 are as follows:

O&G properties

Refining assets

Marketing and distribution

Other assets

Assets under construction

Total PPE

Cost

As of January 1, 2011

367,506

127,681

56,884

3,548

32,571

588,190

Additions

72,585

650

366

5,369

48,966

127,936

Acquisitions through business combinations

31,017

891

31,908

Changes in decommissioning obligations

681

681

Capitalised borrowing costs

236

381

617

Transfers

17,480

13,878

2,199

(33,557)

Reclassification to assets classified as held for sale

(1,189)

(1,189)

Disposals

(3,097)

(1,466)

(1,494)

(121)

(845)

(7,023)

Translation differences

1,635

723

680

416

1,063

4,517

As of December 31, 2011

469,374

145,959

70,314

11,411

48,579

745,637

Depreciation and impairment

As of January 1, 2011

(76,924)

(36,865)

(5,736)

(241)

-

(119,766)

Depreciation charge

(44,297)

(5,098)

(4,298)

(411)

(54,104)

Reclassification to non-current assets classified as held for sale

1,017

1,017

Disposals

2,294

179

173

32

2,678

Translation differences

(261)

(119)

(108)

8

(480)

As of December 31, 2011

(118,171)

(41,903)

(9,969)

(612)

-

(170,655)

Net book value

As of January 1, 2011

290,582

90,816

51,148

3,307

32,571

468,424

As of December 31, 2011

351,203

104,056

60,345

10,799

48,579

574,982

O&G properties

Refining assets

Marketing and distribution

Other assets

Assets under construction

Total PPE

Cost

As of January 1, 2012

469,374

145,959

70,314

11,411

48,579

745,637

Additions

91,720

4,463

2,133

18

59,648

157,982

Acquisitions through business combinations

4,591

4,591

Changes in decommissioning obligations

173

173

Capitalised borrowing costs

332

1,242

1,574

Transfers

34,580

13,178

547

(48,305)

Internal movement

3,406

(3,406)

Reclassification to assets classified as held for sale

(1,718)

(1,718)

Disposals

(5,092)

(757)

(3,094)

(665)

(1,842)

(11,450)

Translation differences

(2,309)

(955)

(1,645)

(148)

(847)

(5,904)

As of December 31, 2012

557,071

183,290

84,292

7,757

58,475

890,885

Depreciation and impairment

As of January 1, 2012

(118,171)

(41,903)

(9,969)

(612)

-

(170,655)

Depreciation charge

(42,903)

(6,552)

(6,929)

(344)

(56,728)

Impairment

(503)

(503)

Internal movement

(216)

216

Disposals

3,607

280

1,759

179

5,825

Translation differences

186

154

254

7

601

As of December 31, 2012

(157,281)

(48,021)

(15,604)

(554)

-

(221,460)

Net book value

As of January 1, 2012

351,203

104,056

60,345

10,799

48,579

574,982

As of December 31, 2012

399,790

135,269

68,688

7,203

58,475

669,425

Capitalisation rate for the borrowing costs related to the acquisition of property, plant and equipment comprised of 2.73% for the year ended December 31, 2012 (2011: 3.54%).

The information regarding Group’s exploration and evaluation assets (part of O&G assets) are presented below:

2012

2011

As of January 1

14,368

11,862

Additions

19,048

2,466

Acquisitions through business combinations

560

Unsuccessful exploration expenditures derecognised

(1,911)

(832)

Reclassification to assets classified as held for sale

(1,718)

Disposals

(1,489)

Translation differences

(717)

312

As of December 31

27,581

14,368

Notes in Consolidated Statements:

Consolidated Statement of Financial Position as of December 31, 2012
Consolidated Statement of Cash Flows for the Year Ended December 31, 2012

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