FINANCIAL AND ACCOUNTING INFORMATION 12.2 Property, plant & equipment OTHER TOTAL PROPERTY, LAND & PLANT & TANGIBLE PLANT AND (in millions of euros) BUILDINGS EQUIPMENT ASSETS EQUIPMENT Gross carrying amount as of January 1, 2016 270.9 677.8 31.0 979.7 Change in consolidation scope (7.2) 1.0 (0.5) (6.8) Additions 7.2 58.9 3.2 69.2 Disposals (36.2) (58.8) (1.3) (96.4) Currency translation adjustment (6.6) 5.7 0.2 (0.7) Other changes 9.6 (2.3) (1.8) 5.5 Gross carrying amount as of December 31, 2016 237.6 682.3 30.7 950.6 Change in consolidation scope – (2.8) (0.2) (3.0) Additions 5.9 47.2 9.1 62.3 Disposals (1.0) (59.8) (0.6) (61.4) Currency translation adjustment (5.9) (24.0) (0.7) (30.6) Other changes 0.1 1.5 (3.5) (1.9) Gross carrying amount as of December 31, 2017 236.7 644.5 34.8 916.0 Accumulated amortization and depreciation as of January 1, 2016 (153.0) (520.0) (18.0) (691.0) Change in consolidation scope 7.3 2.5 0.7 10.5 5 Depreciation expense (9.2) (45.9) (2.3) (57.3) Release 19.7 55.3 1.0 76.0 Currency translation adjustment 3.3 (4.5) (0.0) (1.3) Other changes (6.9) 2.6 (0.8) (5.0) Accumulated amortization and depreciation as of December 31, 2016 (138.8) (510.0) (19.4) (668.2) Change in consolidation scope – 1.9 0.1 2.0 Depreciation expense (8.2) (46.1) (2.3) (56.7) Impairment losses – (0.1) (0.1) Release 0.6 57.5 0.6 58.8 Currency translation adjustment 3.1 16.8 0.1 20.0 Other changes (0.1) 0.2 – 0.1 Accumulated depreciation and amortization as of December 31, 2017 (143.3) (479.7) (21.0) (644.0) Carrying amount as of January 1, 2016 117.9 157.8 13.0 288.7 Carrying amount as of December 31, 2016 98.8 172.3 11.3 282.4 Carrying amount as of December 31, 2017 93.4 164.8 13.8 272.0 Additions of the year 2017 include €5.4 mi l l ion 12.3 Long-term investments of assets (€8.4 mil lion in 2016) acquired through finance lease contracts. In the consolidated cash AS OF DECEMBER 31, flow statement, these acquisitions have been (in millions of euros) 2017 2016 included in cash flows from investing activities and Loans 0.1 0.2 the corresponding variation of financial debt was Deposits 25.2 25.1 included in “Net change in finance lease liabilities” in Derivatives 12.5 16.2 cash flows from financing activities. Other long-term investments 0.2 0.3 Long-term investments 38.0 41.8 REXEL 2017 – REGISTRATION DOCUMENT 237