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.