(2) Property, plant and equipment

Property, plant and equipment primarily relates to the stadium, the BVB FanWelt service centre, the Rheinlanddamm plot of land and the administration building located there, and the plot of land at Strobelallee 81. The facilities at the training ground in Dortmund-Brackel, the youth academy, the football academy, the catering areas at the stadium, the administrative headquarters and the associated operating and office equipment constitute further components of this item.

In the current financial year, investments were made in the training ground in Dortmund-Brackel, in SIGNAL IDUNA PARK and in the administration building. The investments at the training ground in Dortmund-Brackel included measures to modernise the football pitches and the technical equipment in order to improve the training conditions. A property located at the Saint-Barbara-Allee was purchased and an additional pitch was opened in Dortmund-Brackel in connection with the project to expand BVB's training centre.

Maintenance work was performed on the various levels of SIGNAL IDUNA PARK and medical facilities were installed. In addition, investments were made in the stadium's security areas, in expanding the catering areas and in modernising the stadium's flood lights.

After purchasing the administration building at the Rheinlanddamm address in the previous year, various renovation projects were commissioned in order to use the offices as efficiently as possible.

The items of property, plant and equipment recognised in the statement of financial position as a result of a lease consist of buildings and other facilities (e.g., sport pitches and outdoor grounds) at the Dortmund-Brackel training ground, the youth academy and the Wi-Fi equipment at SIGNAL IDUNA PARK. In addition, Borussia Dortmund's fan shops were recognised in connection with the adoption of IFRS 16.

As at 30 June 2019, the following right-of-use assets related to the corresponding items in the statement of financial position:

Right-of-use assets were previously accounted for as part of finance leases in accordance with IAS 17 until 30 June 2018.

Net carrying amounts of EUR 6,028 thousand were recognised in the previous year, of which EUR 3,931 thousand was attributable to buildings and EUR 2,097 thousand to operating and office equipment.

The corresponding liabilities to the lessor are reported as current and non-current lease liabilities, minus payments already made.

During the reporting period, the right-of-use assets were depreciated in the amount of EUR 3,063 thousand. These expenses are reported under depreciation, amortisation and write-downs.

The interest expense for lease liabilities amounted to EUR 599 thousand and are reported under finance costs in the consolidated statement of comprehensive income.

There is an option to purchase the training ground in Dortmund-Brackel once the lease there expires in 2023.

Essentially all of the risks and opportunities in connection with the leased assets have been transferred to Borussia Dortmund.

Changes in property, plant and equipment were as follows: