(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. In connection with the project to expand BVB's training centre, a new power plant and a sprinting hill were constructed at the Dortmund-Brackel training ground. In addition, investments were made in technical equipment so as to further improve training capabilities.

At SIGNAL IDUNA PARK, investment centred around the security infrastructure and the catering areas.

Various construction projects were carried out at the Rheinlanddamm administration building to improve technical facilities and security.

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 and the youth centre.

In addition, the Wi-Fi and flood lighting system and the advertising boards in the upper stands at SIGNAL IDUNA PARK, as well as the Borussia Dortmund fan shops were also included in property, plant and equipment recognised under leases.

As at 30 June 2020, the following right-of-use assets related to the corresponding items in the statement of financial position:

In the previous year, assets had net carrying amounts of EUR 9,258 thousand, of which EUR 7,077 thousand was attributable to buildings and EUR 2,181 thousand to operating and office equipment.

Borussia Dortmund reported additions for right-of-use assets recognised under property, plant and equipment amounting to EUR 16,830 thousand. The additions were offset by EUR 2 thousand in disposals and EUR 3,627 thousand in depreciation (previous year: EUR 3,063 thousand).

Current and non-current lease liabilities are presented minus payments already made.

The interest expense incurred for these items amounted to EUR 571 thousand (previous year: 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: