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Property, plant and equipment

in CHF 000   Land   Buildings,
installations and
ancillary
facilities
  Technical
equipment
and
machinery
  Furnishings,
motor
vehicles and
works of art
  Advance
payments and
assets under
construction
  Right-of-use
assets
from leases
  Total
Historical cost                            
As of 31 December 2018   65 879   313 916   256 845   18 313   8 149     663 102
Effect of introduction IFRS 16 "Leases" 1             54 427   54 427
As of 1 January 2019   65 879   313 916   256 845   18 313   8 149   54 427   717 528
                             
Additions of consolidated companies     184   1 446   67     1 087   2 784
Disposals of consolidated companies       (199)   (17)       (216)
Additions     44   5 875   433   6 842   1 187   14 381
Disposals     (4 996)   (14 569)   (1 674)     (976)   (22 216)
Transfers     1 654   10 344   1 030   (13 028)    
Currency effects     (7)   (25)   (13)     (6)   (52)
As of 31 December 2019   65 879   310 794   259 717   18 139   1 963   55 719   712 210
                             
Additions of consolidated companies              
Disposals of consolidated companies     (75)   (702)   (461)     (392)   (1 631)
Additions     3 895   4 512   1 824   8 589   38 775   57 595
Disposals     (6 053)   (5 237)   (2 152)     (1 260)   (14 702)
Transfers     937   4 453   995   (6 385)    
Currency effects     (5)   (13)   (2)     (11)   (31)
As of 31 December 2020   65 879   309 493   262 730   18 343   4 166   92 830   753 442
                             
Cumulative amortisation, depreciation and impairment                            
As of 31 December 2018     173 441   204 653   13 744       391 838
                             
Disposals of consolidated companies       (93)   (17)       (109)
Depreciation and amortisation     9 221   11 988   1 185     12 061   34 455
Disposals     (4 803)   (14 354)   (1 231)     (293)   (20 681)
Currency effects     (4)   (20)   (8)       (32)
As of 31 December 2019     177 855   202 174   13 672     11 768   405 470
                             
Disposals of consolidated companies     (75)   (529)   (339)     (254)   (1 198)
Depreciation and amortisation     9 309   13 316   1 659     14 877   39 162
Disposals     (5 819)   (4 632)   (2 120)     (697)   (13 268)
Currency effects     0   (12)   (1)     (4)   (16)
As of 31 December 2020     181 270   210 316   12 872     25 691   430 150
                             
Net carrying value of assets                            
As of 31 December 2019   65 879   132 939   57 543   4 466   1 963   43 950   306 741
As of 31 December 2020   65 879   128 223   52 414   5 471   4 166   67 139   323 292
1 As of 1 January 2019, TX Group has recognised right-of-use assets and lease liabilities. The capitalised right-of-use assets correspond to the fair value of the liabilities from leases as of 1 January 2019.

Property, plant and equipment grew by CHF 16.6 million during the reporting year and amounted to CHF 323.3 million as of the balance sheet date. The sale of the two companies Olmero AG and Trendsales ApS resulted in a non-material reduction in property, plant and equipment in the amount of CHF 0.4 million.

Investments increased by CHF 43.2 million from CHF 14.4 million to CHF 57.6 million. The CHF 43.2 million increase is primarily attributable to newly recorded right-of-use assets associated with leased properties (CHF 38.8 million). Material effects included the capitalisation of the lease for new premises of JobCloud AG in Albisrieden, the extension of the lease for Goldbach Media (Switzerland) AG and the recording of leases in the out-of-home area. Besides the increase in capitalised right-of-use assets, there were further material investments in terms of tenant improvements and furnishings at the new head office of JobCloud AG as well as investments in technical equipment and machinery at various Group companies.

Depreciation and amortisation increased by CHF 4.7 million to CHF 39.2 million. Particularly given the material increase in capitalised right-of-use assets associated with leases, related depreciation and amortisation increased as well. Although non-material in their own individual right, various net assets worth a total of CHF 1.4 million (previous year: CHF 1.5 million) were sold in the reporting year. Details on the pledging of property, plant and equipment are given in Note 36.