Year ended December 31, 2024	Land and civil buildings		Industrial buildings, plant and production equipment		Vehicles, furniture and fixtures		Work in progress		Spare parts and equipment		Total
Cost
Values at the beginning of the year	889,957		13,538,273		416,913		396,103		71,834		15,313,080
Currency translation adjustment	(5,336	)	(94,711	)	(2,952	)	(4,391	)	(350	)	(107,740	)
Changes due to business combinations ^(*)	12,949		(24,063	)	-		653		-		(10,461	)
Additions	2,176		1,028		433		616,218		15,658		635,513
Transfers / Reclassifications	47,989		548,790		31,275		(633,440	)	-		(5,386	)
Disposals / Consumptions	(12,031	)	(65,775	)	(21,627	)	(2,153	)	(5,704	)	(107,290	)
Values at the end of the year	935,704		13,903,542		424,042		372,990		81,438		15,717,716

Depreciation and impairment
Accumulated at the beginning of the year	164,894		8,696,044		351,309		-		22,654		9,234,901
Currency translation adjustment	(699	)	(67,918	)	(2,686	)	-		(189	)	(71,492	)
Depreciation charge	16,266		457,264		20,707		-		14,966		509,203
Transfers / Reclassifications	(333	)	(2,101	)	1,594		-		-		(840	)
Disposals / Consumptions	(1,834	)	(53,249	)	(20,444	)	-		-		(75,527	)
Accumulated at the end of the year	178,294		9,030,040		350,480		-		37,431		9,596,245
At December 31, 2024	757,410		4,873,502		73,562		372,990		44,007		6,121,471

Year ended December 31, 2023	Land and civil buildings		Industrial buildings, plant and production equipment		Vehicles, furniture and fixtures		Work in progress		Spare parts and equipment		Total
Cost
Values at the beginning of the year	815,763		12,857,494		402,485		252,379		55,526		14,383,647
Currency translation adjustment	1,863		53,282		1,675		1,462		199		58,481
Increase due to business combinations ^(**)	64,413		256,899		831		71,838		-		393,981
Additions	330		3,661		820		546,515		19,671		570,997
Transfers / Reclassifications	12,031		435,550		22,530		(471,381	)	-		(1,270	)
Disposals / Consumptions	(4,443	)	(68,613	)	(11,428	)	(4,710	)	(3,562	)	(92,756	)
Values at the end of the year	889,957		13,538,273		416,913		396,103		71,834		15,313,080

Depreciation and impairment
Accumulated at the beginning of the year	152,272		8,313,971		340,526		-		20,615		8,827,384
Currency translation adjustment	390		38,074		1,584		-		105		40,153
Depreciation charge	12,256		411,861		19,839		-		1,934		445,890
Transfers / Reclassifications	(16	)	(391	)	27		-		-		(380	)
Disposals / Consumptions	(8	)	(67,471	)	(10,667	)	-		-		(78,146	)
Accumulated at the end of the year	164,894		8,696,044		351,309		-		22,654		9,234,901
At December 31, 2023	725,063		4,842,229		65,604		396,103		49,180		6,078,179

(*) For the year 2024, related to Mattr’s pipe coating business unit acquisition. For more information see note 34.

(**) For the year 2023, related to the GPC, Isoplus anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions.