16. Property, plant and equipment

The acquisition or construction costs and the accumulated depreciation and impairment losses on property, plant and equipment are as follows:

Acquisition or construction cost

T 055
 
in € thousand 10/1/2015 Exchange rate
differences
Additions Disposals Transfers 9/30/2016
             
Property, plant and equipment            
Land and buildings 625,463 (180) 14,277 (6,896) 17,844 650,508
Technical equipment and machinery 2,006,512 (265) 21,413 (72,391) 102,471 2,057,740
Other equipment, factory and office equipment 88,396 (47) 6,445 (4,591) 677 90,880
Leased assets 34,671 (1) 773 (765) 0 34,678
Payments on account for assets under construction 89,207 6 98,396 (24) (120,992) 66,593
 
  2,844,249 (487) 141,304 (84,667) 0 2,900,399

Depreciation and impairment losses

T 056
 
in € thousand 10/1/2015 Exchange rate
differences
Reversals of
impairment
losses for the
fiscal year
Depreciation
and impairment
losses for the
fiscal year
Disposals Transfers 9/30/2016
               
Property, plant and equipment              
Land and buildings (343,898) 172 0 (18,391) 6,548 (1,605) (357,174)
Technical equipment and machinery (1,135,109) 359 0 (104,915) 65,714 (448) (1,174,399)
Other equipment, factory and office equipment (61,836) 42 0 (7,835) 4,365 2,052 (63,212)
Leased assets (15,892) 0 0 (1,910) 764 1 (17,037)
Payments on account for assets under construction (432) 10 0 0 0 0 (422)
 
  (1,557,167) 583 0 (133,051) 77,391 0 (1,612,244)

Carrying amount

T 057
 
in € thousand 9/30/2016 9/30/2015
     
Property, plant and equipment    
Land and buildings 293,334 281,565
Technical equipment and machinery 883,341 871,403
Other equipment, factory and office equipment 27,668 26,560
Leased assets 17,641 18,779
Payments on account for assets under construction 66,171 88,775
 
  1,288,155 1,287,082

Technical equipment and machinery includes disposals of minimum stocks in the amount of € 6,072 thousand (net).

Acquisition or construction cost

T 058
 
in € thousand 10/1/2014 Exchange rate
differences
Additions Disposals Transfers 9/30/2015
             
Property, plant and equipment            
Land and buildings 620,855 1,855 7,886 (2,060) (3,073) 625,463
Technical equipment and machinery 1,950,927 4,997 37,658 (30,285) 43,215 2,006,512
Other equipment, factory and office equipment 84,277 532 6,460 (3,865) 992 88,396
Leased assets 34,783 0 0 (112) 0 34,671
Payments on account for assets under construction 70,671 229 70,935 (68) (52,560) 89,207
 
  2,761,513 7,613 122,939 (36,390) (11,426) 2,844,249

Depreciation and impairment losses

T 059
 
in € thousand 10/1/2014 Exchange rate
differences
Reversals of
impairment
losses for the
fiscal year
Depreciation
and impairment
losses for the
fiscal year
Disposals Transfers 9/30/2015
               
Property, plant and equipment              
Land and buildings (329,793) (114) 0 (21,201) 1,705 5,505 (343,898)
Technical equipment and machinery (1,052,254) (1,478) 0 (104,211) 22,834 0 (1,135,109)
Other equipment, factory and office equipment (57,633) (276) 0 (7,553) 3,626 0 (61,836)
Leased assets (14,071) 0 0 (1,932) 111 0 (15,892)
Payments on account for assets under construction (446) 14 0 0 0 0 (432)
 
  (1,454,197) (1,854) 0 (134,897) 28,276 5,505 (1,557,167)

Carrying amount

T 060
     
in € thousand 9/30/2015 9/30/2014
     
Property, plant and equipment    
Land and buildings 281,565 291,062
Technical equipment and machinery 871,403 898,673
Other equipment, factory and office equipment 26,560 26,644
Leased assets 18,779 20,712
Payments on account for assets under construction 88,775 70,225
 
  1,287,082 1,307,316

Depreciation and impairment losses in fiscal year 2015/16 do not include any impairment losses. In the previous year, impairment losses of € 2,648 thousand resulted from an impairment test at Aurubis Switzerland, SA, in relation to a property with buildings.

Rented or leased items of property, plant and equipment totaled € 17,641 thousand (previous year: € 18,779 thousand). The carrying amount of the leased facilities included carrying amounts of € 5,788 thousand (previous year: € 6,308 thousand) for ships used for transporting copper concentrates and sulfuric acid and carrying amounts of € 4,540 thousand (previous year: € 4,983 thousand) for the warehouse used for storing copper concentrates in Brunsbüttel. Some of the lease payments are adjusted annually based on the indexed price trend for industrial products. The lease agreements are mainly based on fixed rental arrangements. Collateral has not been provided for them.

No property, plant and equipment was pledged as security for loans within the Group as at September 30, 2016 and September 30, 2015. Purchase commitments for property, plant and equipment amounted to € 41,126 thousand as at September 30, 2016 (previous year: € 39,807 thousand).

Minimum stocks are recognized in technical equipment and machinery as components of the respective technical equipment and machinery. Minimum stocks are quantities of materials that are necessary to establish and ensure a production facility’s continuing functionality for its intended use. A total of € 291,381 thousand was attributable to the technical minimum stock as at September 30, 2016 (previous year: € 297,453 thousand).