8 Property, plant and equipment

(CHF million)	Land	Engineering structures	Buildings	Movables	Projects in progress	Total
Cost
Balance as at 1 January 2020	129.0	1,673.3	4,607.7	277.4	305.2	6,992.6
Additions	9.1	0.0	0.8	0.0	234.4	244.3
Disposals	0.0	–2.0	–27.7	–13.2	–10.1	–53.0
Transfers	0.0	12.8	100.6	16.3	–139.2	–9.5
Reclassifications	0.0	0.0	21.8	0.0	0.0	21.8
Foreign exchange differences	0.0	0.0	0.0	0.0	0.0	0.0
Balance as at 31 December 2020	138.1	1,684.1	4,703.2	280.5	390.3	7,196.2

Balance as at 1 January 2021	138.1	1,684.1	4,703.2	280.5	390.3	7,196.2
Additions	0.0	0.0	0.0	0.0	141.6	141.6
Disposals	0.0	–3.2	–124.1	–15.3	0.0	–142.6
Transfers	0.0	23.2	220.2	15.0	–268.0	–9.6
Reclassifications	0.0	0.0	0.0	0.0	4.6	4.6
Foreign exchange differences	0.0	0.0	–0.1	–0.2	0.0	–0.3
Balance as at 31 December 2021	138.1	1,704.1	4,799.2	280.0	268.5	7,189.9


Depreciation, amortisation
Balance as at 1 January 2020	0.0	–921.4	–3,022.6	–193.9	0.0	–4,137.9
Additions	0.0	–58.9	–147.7	–16.7	0.0	–223.3
Disposals	0.0	1.9	26.2	12.8	0.0	40.9
Reclassifications	0.0	0.0	–21.7	0.0	0.0	–21.7
Balance as at 31 December 2020	0.0	–978.4	–3,165.8	–197.8	0.0	–4,342.0

Balance as at 1 January 2021	0.0	–978.4	–3,165.8	–197.8	0.0	–4,342.0
Additions	0.0	–60.1	–155.1	–17.3	0.0	–232.5
Disposals	0.0	3.2	123.6	15.3	0.0	142.1
Foreign exchange differences	0.0	0.0	0.0	0.1	0.0	0.1
Balance as at 31 December 2021	0.0	–1,035.3	–3,197.3	–199.7	0.0	–4,432.3


Government subsidies and grants
Balance as at 1 January 2020	0.0	–9.3	–1.7	–0.2	0.0	–11.2
Additions	0.0	0.0	0.0	0.0	–2.2	–2.2
Disposals	0.0	0.8	0.2	0.2	0.0	1.2
Transfers	0.0	0.0	–1.9	0.0	1.9	0.0
Balance as at 31 December 2020	0.0	–8.5	–3.4	0.0	–0.3	–12.2

Balance as at 1 January 2021	0.0	–8.5	–3.4	0.0	–0.3	–12.2
Additions	0.0	0.0	0.0	0.0	–0.7	–0.7
Disposals	0.0	0.8	0.3	0.0	0.0	1.1
Transfers	0.0	0.0	0.0	0.0	0.0	0.0
Balance as at 31 December 2021	0.0	–7.7	–3.1	0.0	–1.0	–11.8


Net carrying amount as at 31 December 2020	138.1	697.2	1,534.0	82.7	390.0	2,842.0
Net carrying amount as at 31 December 2021	138.1	661.1	1,598.8	80.3	267.5	2,745.8

PROJECTS IN PROGRESS

In the past financial year, Flughafen Zürich AG invested a total of CHF 141.6 million in projects in progress (2020: CHF 234.4 million). The largest investments at Zurich Airport are attributable to the following projects:

Expansion and refurbishment of the baggage sorting system (CHF 54.3 million)
Renovation of runway 28/10 (CHF 12.7 million)
Expansion of the landside passenger zones (CHF 9.3 million)

Also in the reporting period, CHF 21.7 million was invested in development and planning relating to the construction and operation of Noida International Airport in New Delhi, India.

DEPRECIATION

Depreciation of property, plant and equipment totalling CHF –232.5 million was offset against government grants and subsidies recognised in the income statement in the amount of CHF 1.1 million.

IMPAIRMENT

Due to the coronavirus pandemic and the related indicators that items of property, plant and equipment may be impaired, Flughafen Zürich AG performed an impairment test (see Impairment of assets in accordance with IAS 36).