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Annual Report & Accounts 2016 - Notes
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89 9. PROPERTY, PLANT AND EQUIPMENT Land and buildings €m Plant and equipment €m Fixtures and fittings €m Total €m COST At 1 January 2015 - 2.3 1.4 3.7 Additions - 1.1 0.1 1.2 At 31 December 2015 - 3.4 1.5 4.9 Additions 0.1 0.4 15.3 15.8 Acquisition of subsidiaries 4.9 - 39.6 44.5 Disposals (0.1) - (1.3) (1.4) Exchange movements (0.2) 0.2 (0.9) (0.9) Reclassified as assets held for sale - - (2.5) (2.5) AT 31 DECEMBER 2016 4.7 4.0 51.7 60.4 DEPRECIATION At 1 January 2015 - 1.5 1.1 2.6 Depreciation charge for the year - 0.7 0.1 0.8 At 31 December 2015 - 2.2 1.2 3.4 Depreciation charge for the year 1.0 0.7 18.3 20.0 Disposals - - (0.5) (0.5) Accelerated depreciation - - 18.1 18.1 Exchange movements - - (0.1) (0.1) Reclassified as assets held for sale - - (0.2) (0.2) AT 31 DECEMBER 2016 1.0 2.9 36.8 40.7 NET BOOK VALUE At 31 December 2015 - 1.2 0.2 1.4 AT 31 DECEMBER 2016 3.7 1.1 14.9 19.7 The net book value of items held under finance leases was €nil at 31 December 2016 (31 December 2015: €0.5m). Accelerated depreciation of €18.1m has been charged in respect of certain software licences which were renegotiated following the bwin.party acquisition. An associated payable of €5.6m was also released to the income statement following this renegotiation. 9.1 Capital commitments The Group has capital commitments contracted but not provided for at 31 December 2016 of €1.4m (31 December 2015: €nil). 10. INVESTMENTS AND AVAILABLE FOR SALE (AFS) FINANCIAL ASSETS Available for sale financial assets €m Associates €m Total €m At 1 January 2015 3.8 - 3.8 Impairment (1.2) - (1.2) At 31 December 2015 2.6 - 2.6 Acquisition through business combination 3.5 1.0 4.5 Additions 2.2 - 2.2 Share of profit - 0.1 0.1 Impairments (4.2) - (4.2) Disposals (1.5) - (1.5) AT 31 DECEMBER 2016 2.6 1.1 3.7