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11. PROPERTY, PLANT AND EQUIPMENT
(continued)
Revaluation reserve included in the consolidated financial statements comprises the following:
Mortgages and Pledges on Assets
As of 31 December 2014, mortgages on property, plant and equipment amounting to EUR 20,000,000 (equivalent of USD 24,330,900) (2013: EUR 20,000,000 - equivalent of USD
27,517,219).
Finance (Capital) Leases
The Group recognised finance (capital) leases as assets and liabilities in the consolidated statement of financial position at amounts equal at the inception of the lease to the fair value
of the leased property or, if lower, at the present value of minimum lease payments.
The respective carrying value (net book values) of the leased assets, as reflected in the consolidated statement of financial position is USD 2,158,815 (2013: USD 3,128,907).
31 December 2014
31 December 2013
Revaluation reserve attributable to equity holders of the parent
243,057,014
144,399,338
Revaluation reserve attributable to non-controlling interest
272,600,743
176,428,093
515,657,757
320,827,431
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)