CaixaBank

Changes in tangible assets (Millions of euros)

		2020			2019			2018
		LAND AND BUILDINGS	FURNITURE, FACILITIES AND OTHER	RIGHTS OF USE*	LAND AND BUILDINGS	FURNITURE, FACILITIES AND OTHER	RIGHTS OF USE*	LAND AND BUILDINGS	FURNITURE, FACILITIES AND OTHER
Cost
Opening balance		2,594	4,484	1,625	2,615	4,223		2,657	4,044
	1st application of IFRS 16 (Note 1)						1,409
	Additions	65	337	123	130	384	120	83	361
	Disposals	(5)	(170)	(61)	(13)	(194)	(31)	(35)	(188)
	Transfers **	(141)	22	6	(138)	71	127	(90)	6
CLOSING BALANCE		2,513	4,673	1,693	2,594	4,484	1,625	2,615	4,223
Accumulated depreciation
Opening balance		(547)	(3,081)	(130)	(543)	(3,052)		(547)	(3,046)
	Additions	(10)	(191)	(134)	(33)	(181)	(132)	(32)	(163)
	Disposals	6	134	18	12	158	1	19	137
	Transfers **	28	1		17	(6)	1	17	20
CLOSING BALANCE		(523)	(3,137)	(246)	(547)	(3,081)	(130)	(543)	(3,052)
Impairment allowances
Opening balance		(18)	(12)		(19)	(14)		(19)	(13)
	Allowances (Note 37)				(3)			(1)
	Provisions (Note 37)	4	1		5	2		2	1
	Transfers **		2		(1)			(1)	(2)
CLOSING BALANCE		(14)	(9)		(18)	(12)		(19)	(14)
OWN USE, NET		1,976	1,527	1,447	2,029	1,391	1,495	2,053	1,157
Cost
Opening balance		3,314	104		3,857	106		4,701	105
	Additions	13	2		4	6		60	8
	Disposals	(239)	(5)		(369)	(5)		(1,064)	(11)
	Transfers **	(108)			(178)	(3)		160	4
CLOSING BALANCE		2,980	101		3,314	104		3,857	106
Accumulated depreciation
Opening balance		(192)	(35)		(187)	(32)		(199)	(26)
	Additions	(37)	(8)		(41)	(7)		(51)	(11)
	Disposals	17	2		23	1		64	5
	Transfers **	3			13	3		(1)
CLOSING BALANCE		(209)	(41)		(192)	(35)		(187)	(32)
Impairment allowances
Opening balance		(824)			(932)			(1,177)
	Allowances (Note 37)	(145)			(111)			(249)
	Provisions (Note 37)	65			66			253
	Transfers **	23			53			(23)
	Amounts used	57			100			264
CLOSING BALANCE		(824)			(824)			(932)
INVESTMENT PROPERTY		1,947	60		2,298	69		2,738	74

(*) Corresponds to the rights of use of land and buildings. With regard to right-of-use assets, the heading 'Other financial liabilities - Liabilities associated to right-of-use assets' (see Note 22.4) includes the current value of future lease payments during the mandatory period of the contract.

(**) They mainly include the value of real estate reclassified from other balance sheet headings: from “Own use” when a branch is closed or from “Non-current assets and disposal groups classified as held for sale” when the asset is put up for rent (see Note 21).

Property, plant and equipment for own use

Property, plant and equipment for own use are allocated to the Banking Business cash-generating unit (CGU) and at year-end they do not present any indication of impairment (see Note 19). In addition, the Group carries out regular individualised valuations of certain property for own use classified as “Land and buildings”. At year-end, the available valuations do not indicate the existence of any impairment.

Selected information about property, plant and equipment for own use is presented below:

Other information about property, plant and equipment for own use (Millions of euros)

	31/12/2020
Fully amortised assets still in use	2,498
Commitments to acquire tangible assets*	Insignificant
Assets with ownership restrictions	Insignificant
Assets covered by an insurance policy	100% **

(*) Sales made in previous years with sale and leaseback agreements include buy options that may be exercised by the Group on termination of the lease agreement at the market value of the offices at that date, to be determined where appropriate by independent experts (see Note 35).

(**) Some of the insurance policies have an excess. CaixaBank is the holder of a corporate policy subscribed with a third party that covers material damage to the Group's material asset.