Notes to the Financial Statements Hilti Corporation (4) Intangible assets in CHF million Rights Other Prepay- Total intangible ments or assets assets under de- velopment Cost 2018 Opening balance at January 1, 2018 12.5 97.4 – 109.9 Currency translation adjustment – – – – Additions 0.1 10.4 – 10.5 Disposals (8.4) (3.4) – (11.8) Closing balance at December 31, 2018 4.2 104.4 – 108.6 Accumulated amortization 2018 Opening balance at January 1, 2018 (11.5) (73.4) – (84.9) Currency translation adjustment – – – – Additions (0.2) (8.5) – (8.7) Disposals 7.8 3.0 – 10.8 Closing balance at December 31, 2018 (3.9) (78.9) – (82.8) Net book values at December 31, 2018 0.3 25.5 – 25.8 Net book values at December 31, 2017 1.0 24.0 – 25.0 Property, plant and equipment (5) in CHF million Land and Plant and Other Prepayments Total buildings machinery operating or assets equipment under construction Cost 2018 Opening balance at January 1, 2018 467.8 465.7 146.0 30.0 1,109.5 Currency translation adjustment (2.2) (3.5) (0.7) (0.2) (6.6) Additions 2.9 13.2 4.9 14.9 35.9 Disposals (8.0) (20.6) (38.9) (2.0) (69.5) Transfers 12.8 3.2 – (16.0) – Closing balance at December 31, 2018 473.3 458.0 111.3 26.7 1,069.3 Accumulated depreciation 2018 Opening balance at January 1, 2018 (159.5) (427.7) (120.8) – (708.0) Currency translation adjustment 1.2 2.7 0.7 – 4.6 Additions (21.6) (16.7) (7.8) – (46.1) Disposals 5.6 20.3 37.4 – 63.3 Transfers – – – – – Closing balance at December 31, 2018 (174.3) (421.4) (90.5) – (686.2) Net book values at December 31, 2018 299.0 36.6 20.8 26.7 383.1 Net book values at December 31, 2017 308.3 38.0 25.2 30.0 401.5 2018 Financial Report | 85