3.9 Assets classified as held for sale
Accounting policies
Non-current assets (or disposal groups) are classified as assets held for sale when their carrying amount is to be recovered principally through a sale transaction and a sale is considered highly probable. They are stated at the lower of the carrying amount and fair value less costs to sell. Assets held for sale are no longer amortised or depreciated from the date they are classified as such. Accounting for assets classified as held for sale requires the use of assumptions and estimates. In line with IFRS 5, management assessed compliance with these statements and the assumptions used in the fair value calculations as well as the estimated costs to sell.
For the accounting policy concerning impairments, reference is made to note 5.4.
As at 31 December 2023, assets classified as held for sale amounted to €1 million (2022: €6 million) and related to buildings held for sale in the Netherlands.
Property, plant and equipment
Property, plant and equipment included in assets held for sale relate to buildings in the Netherlands. The book profit from the sale of buildings is included in other income in the consolidated statement of profit or loss. The following table presents the movements of the balance sheet positions during 2023 and 2022.
PostNL Property, plant and equipment in € million
2022, 2023
| 2022 | 2023 | |
|---|---|---|
| Balance at 1 January | 11 | 6 |
| Disposals | (6) | (3) |
| Transfers to property, plant and equipment | 1 | (1) |
| Balance at 31 December | 6 | 1 |