23. Property, plant and equipment

For more information on adjustment due to first-time adoption of IFRS 16, see Note 5. See Note 45 for further details regarding the existing restrictions in connection with leases.

Additions result largely from investments for the procurement of yard cranes and heavy machinery for horizontal transport at the container terminals in Hamburg, investments to expand the terminal network, and investments to extend intermodal transport capacities through the acquisition of wagons and locomotives in the METRANS Group.

Disposals in the financial year under review mainly relate to the sale/scrapping of handling equipment.

Changes to the consolidated group in the financial year relate solely to the subsidiary Bionic Production GmbH, Lüneburg, which was included in the Consolidated Financial Statements for the first time (previous year: HHLA TK Estonia AS, Tallinn, Estonia).

The effects of changes in exchange rates mainly include the exchange rate changes of the Ukrainian currency.

No write-downs were made on property, plant and equipment in the year under review (previous year: € 2 thousand).

Buildings, surfacing and movable non-current assets with a carrying amount of € 5,251 thousand (previous year: € 7,333 thousand) have been pledged as collateral in connection with loans taken up by the Group.

As of the balance sheet date, the Group had obligations of € 70,398 thousand (previous year: € 69,550 thousand) from outstanding purchase commitments attributable to investments in property, plant and equipment.