(2) Property, plant and equipment

Changes in property, plant and equipment were as follows:

Changes in Property, Plant and Equipment in 2012
 
€ million Land and buildings Technical equipment and machinery Other fixtures, fittings and equipment Advance payments and assets under construction Total
           
Cost of acquisition or construction,
Dec. 31, 2011
1,302 5,774 252 748 8,076
Changes in scope of consolidation/acquisitions 1 6 0 0 7
Capital expenditures 43 202 18 440 703
Disposals (29) (43) (8) (1) (81)
Reclassifications 102 307 19 (428) 0
Exchange differences (20) (45) (3) (13) (81)
Cost of acquisition or construction,
Dec. 31, 2012
1,399 6,201 278 746 8,624
Accumulated depreciation and write-downs,
Dec. 31, 2011
(856) (4,354) (187) 0 (5,397)
Changes in scope of consolidation         0
Depreciation and write-downs in 2012 (41) (270) (27) 0 (338)
of which write-downs (2) (2)     (4)
Disposals 28 42 7   77
Reclassifications         0
Exchange differences 5 20 3   28
Accumulated depreciation and
write-downs, Dec. 31, 2012
(864) (4,562) (204) 0 (5,630)
Carrying amounts, Dec. 31, 2012 535 1,639 74 746 2,994
 
Changes in Property, Plant and Equipment in 2013
 
€ million Land and buildings Technical equipment and machinery Other fixtures, fittings and equipment Advance payments and assets under construction Total
           
Cost of acquisition or construction,
Dec. 31, 2012
1,399 6,201 278 746 8,624
Changes in scope of consolidation1)/acquisitions 15 (8) 0 0 7
Capital expenditures 44 165 29 414 652
Disposals (24) (104) (24) (5) (157)
Reclassifications 113 431 19 (563) 0
Exchange differences (52) (159) (11) (25) (247)
Cost of acquisition or construction,
Dec. 31, 2013
1,495 6,526 291 567 8,879
Accumulated depreciation and write-downs, Dec. 31, 2012 (864) (4,562) (204) 0 (5,630)
Changes in scope of consolidation1) 3 19 0   22
Depreciation and write-downs in 2013 (95) (446) (33) (67) (641)
of which write-downs (38) (140) 0 (67) (245)
Disposals 23 103 23 5 154
Reclassifications 0 0 0 0 0
Exchange differences 18 93 8 0 119
Accumulated depreciation and
write-downs, Dec. 31, 2013
(915) (4,793) (206) (62) (5,976)
Carrying amounts, Dec. 31, 2013 580 1,733 85 505 2,903
1) Including effects of the transition to full consolidation and the change to proportionate consolidation

In addition to the impairment charges recognized in the Keltan Elastomers, High Performance Elastomers and Rubber Chemicals cash-generating units as explained in the section headed “Estimation uncertainties and exercise of discretion,” write-downs were recognized on buildings and infrastructure, technical equipment and machinery and assets under construction due to restructuring projects or other events that gave rise to a decline in value.

Capitalized property, plant and equipment includes assets with the following gross and net values held under finance leases:

Assets Held Under Finance Leases
 
€ million Dec. 31, 2012 Dec. 31, 2013
         
  Gross
carrying
amount
Net
carrying
amount
Gross
carrying
amount
Net
carrying
amount
         
Buildings 3 3 3 3
Technical equipment and machinery 151 50 62 37
Fittings and equipment 5 3 10 6
  159 56 75 46
 

Directly attributable borrowing costs of €15 million (2012: €23 million) were capitalized. The average cost of debt for the LANXESS Group was 4.5% in 2013 (2012: 5.1%).