8. Property, Plant and Equipment Property, plant and equipment at book value consist of the  following:  Land and buildings, including buildings  on third party land 31.4 20.1 Technical equipment and machines 0.9 0.9 Other equipment, factory and office equipment 48.8 36.3 Payments on account and assets under construction  3.6 9.1 84.7 66.5 Dec. 31, 2004 Dec. 31, 2003 € million € million The book values of property, plant and equipment are derived from acquisition costs. Accumulated depreciation of property, plant and equipment amounted to € 51.1 million (previous year: € 41.2 million). item also includes down-payments on the new administration building in Switzerland and down-payments on capitalizable  renovation costs. The breakdown of property, plant and equipment and their  development in the 2004 financial year are shown in the Appendix attached to the consolidated financial statements. Extraordinary depreciation to the lower net realizable value due to impairment in value was not effected in financial year 2004.  Property, plant and equipment include leased assets to the amount of € 0.8 million (previous year: € 1.1 million) which  largely relate to operating and office equipment in various  subsidiaries (mainly Australia).  Last year, payments on account and assets under construction included down-payments on the extension to the administration building in Herzogenaurach which was completed and also  occupied in financial year 2004. As of December 31, 2004, the This item includes goodwill associated with the acquisition and initial consolidation of companies in Great Britain, Sweden and Japan, net of accumulated amortisation. Scheduled amortisation to the amount of € 1.7 million was recorded during the financial year. Extraordinary amortisation due to impairment in value was not necessary in the financial year. retail activities. Extraordinary amortisation due to impairment in value was not necessary.  The development of this item during financial year 2004 is shown in the Appendix attached to the consolidated financial  statements; it mainly includes asset values connected with own 9. Goodwill 10. Other Intangible Assets Foreword | Mission | Management Report | Share | Marketing |  Consolidated Financial Statements - IFRS - | Report of Supervisory Board | Board of Management 75