(j)Property, Plant and Equipment
Property, plant and equipment are recorded at acquisition cost.
Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to income or loss during the financial period in which they are incurred.
Land is not depreciated. Depreciation of property, plant and equipment is based upon the carrying value of the assets in use and is computed using the straight-line method over the estimated useful lives of the asset, as follows:
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|
|
Estimated |
|
Buildings |
|
20-65 years |
|
Building improvements |
|
5-20 years |
|
Technical equipment |
|
3-30 years |
|
Satellite transponders |
|
15 years |
|
Furniture and fixtures |
|
3-15 years |
|
Transportation equipment |
|
4-8 years |
|
Computer equipment |
|
3-6 years |
|
Leasehold improvements |
|
5-30 years |
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.
An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized within other income or expense in the consolidated income statement.