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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2019
PROPERTY, PLANT AND EQUIPMENT |
PROPERTY, PLANT AND EQUIPMENT | 13. PROPERTY, PLANT AND EQUIPMENT Changes in property, plant and equipment for financial years ended on December 31, 2019 and 2018 are as follows:
|  | Gross carrying amount |  | Depreciation
|  | At the |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net
|  | beginning |  |  |  |  |  |  |  | Additions by |  |  |  | At the |  | At the |  |  |  | Additions by |  |  |  |  |  |  |  | carrying
|  | of the |  | Useful |  |  |  |  |  | business |  |  |  | end of |  | beginning |  |  |  | business |  | Of the |  | Other |  | At the end |  | amount
Item |  | year |  | Life |  | Revaluation |  | Additions |  | combinations |  | Disposals |  | the year |  | of the year |  | Disposals |  | combinations |  | Year |  | Movements |  | of the year |  | 12/31/2019
Cost model |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Furniture and facilities |  | 1,008,692 |  | 10 |  | — |  | — |  | — |  | — |  | 1,008,692 |  | (693,705) |  | — |  | — |  | (3,434) |  | — |  | (697,139) |  | 311,553
Machinery and equipment |  | 3,104,196 |  | 5 |  | — |  | 192,354 |  | — |  | (140,581) |  | 3,155,969 |  | (2,495,971) |  | 312,750 |  | — |  | (624,196) |  | — |  | (2,807,417) |  | 348,552
Vehicles |  | 173,783 |  | 5 |  | — |  | 34,806 |  | — |  | (35,494) |  | 173,095 |  | (58,803) |  | 15,658 |  | — |  | (31,073) |  | — |  | (74,218) |  | 98,877
Right of use assets |  | — |  | — |  | — |  | 1,503,784 |  | — |  | — |  | 1,503,784 |  | — |  | 644 |  | — |  | (567,192) |  | — |  | (566,548) |  | 937,236
Construction in progress |  | 548,023 |  | — |  | — |  | 113,370 |  | — |  | (181,216) |  | 480,177 |  | — |  | — |  | — |  | — |  | — |  | — |  | 480,177
Revaluation model |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land and Buildings |  | 1,863,622 |  | 50 |  | (62,080) |  | 108,422 |  | — |  | (92) |  | 1,909,872 |  | (90,547) |  | 29,791 |  | — |  | (23,433) |  | — |  | (84,189) |  | 1,825,683
Total |  | 6,698,316 |  |  |  | (62,080) |  | 1,952,736 |  | — |  | (357,383) |  | 8,231,589 |  | (3,339,026) |  | 358,843 |  | — |  | (1,249,328) |  | — |  | (4,229,511) |  | 4,002,078
|  | Gross carrying amount |  | Depreciation
|  | At the |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net
|  | beginning |  |  |  |  |  |  |  | Additions by |  |  |  | At the |  | At the |  |  |  | Additions by |  |  |  |  |  |  |  | carrying
|  | of the |  | Useful |  |  |  |  |  | business |  |  |  | end of |  | beginning |  |  |  | business |  | Of the |  | Other |  | At the end |  | amount
Item |  | year |  | Life |  | Revaluation |  | Additions |  | combinations |  | Disposals |  | the year |  | of the year |  | Disposals |  | combinations |  | Year |  | Movements |  | of the year |  | 12/31/2018
Cost model |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Furniture and facilities |  | 930,958 |  | 10 |  | — |  | 69,318 |  | 9,136 |  | (720) |  | 1,008,692 |  | (624,844) |  | — |  | (6,443) |  | (58,389) |  | (4,029) |  | (693,705) |  | 314,987
Machinery and equipment |  | 2,925,963 |  | 5 |  | — |  | 183,808 |  | 19,777 |  | (25,352) |  | 3,104,196 |  | (2,229,327) |  | 20,283 |  | (17,485) |  | (252,056) |  | (17,386) |  | (2,495,971) |  | 608,225
Vehicles |  | 143,263 |  | 5 |  | — |  | 54,561 |  | 2,769 |  | (26,810) |  | 173,783 |  | (61,193) |  | 15,702 |  | (395) |  | (12,085) |  | (832) |  | (58,803) |  | 114,980
Construction in progress |  | 658,429 |  | — |  | — |  | 188,663 |  | — |  | (299,069) |  | 548,023 |  | — |  | — |  | — |  | — |  | — |  | — |  | 548,023
Revaluation model |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land and Buildings |  | 1,581,142 |  | 50 |  | 474,704 |  | — |  | — |  | (192,224) |  | 1,863,622 |  | (154,595) |  | 64,048 |  | — |  | — |  | — |  | (90,547) |  | 1,773,075
Total |  | 6,239,755 |  | — |  | 474,704 |  | 496,350 |  | 31,682 |  | (544,175) |  | 6,698,316 |  | (3,069,959) |  | 100,033 |  | (24,323) |  | (322,530) |  | (22,247) |  | (3,339,026) |  | 3,359,290
13.1 Revaluation of Property, Plant and Equipment The Group´s properties, plant and equipment measured at revaluation model were valued at each reporting date by an independent expert. The frequency of revaluations ensures fair value of the revalued asset does not differ materially from its carrying amount. The last revaluation was made on December 31, 2019. The following are the book values that would have been recognized if the assets had been accounted under the cost model:
|  |  |  |  |  | Residual |  |
|  |  |  |  |  | Value |  |
|  |  |  |  |  | according to |  |
|  | Revaluation |  | Revalued |  | the cost |  |
Class |  | date |  | amount |  | model |  | Difference
Land and buildings |  | 12/31/2019 |  | 1,825,683 |  | 1,887,763 |  | (62,080)
Land and buildings |  | 12/31/2018 |  | 1,773,074 |  | 1,298,370 |  | 474,704
For all Land and Buildings with a total valuation of 1,825 million as of December 31, 2019, the valuation was determined using sales Comparison Approach prepared by the Group’s management considering a report of an independent expert. Sale prices of comparable properties are adjusted considering the specific aspects of each property, the most relevant premise being the price per meter (Level 3). The Group estimated that, other factors being constant, a 5% reduction on the Sales price per meter for the period ended December 31, 2019 would have reduced the value of the Land and Buildings on 91.2 million, which would impact, net of its tax effect on the "Net Revaluation surplus of property, plant and equipment" item in the statement of comprehensive income

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