(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 and in SIGNAL IDUNA PARK.

Investment at SIGNAL IDUNA PARK essentially related to the LED big screen displays on the outer façade as well as the construction of an annex to house a logistics centre. The investments in the annex, which is currently still under construction, amounted to EUR 3,266 thousand in the financial year.

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 at the Dortmund-Brackel training ground and the residence hall. The existing purchase option for individual elements of the Dortmund-Brackel training ground was exercised in the final quarter of the financial year on the date on which the lease was terminated.

As at 30 June 2023, the following right-of-use assets at the Dortmund-Brackel training ground related to the corresponding items in the statement of financial position:

Borussia Dortmund reported additions for right-of-use assets recognised under property, plant and equipment amounting to EUR 1,223 thousand (previous year: EUR 552 thousand). This was offset by disposals amounting to EUR 2,123 thousand (previous year: EUR 0 thousand) as well as EUR 2,893 thousand (previous year: EUR 3,109 thousand) in depreciation, of which EUR 1,297 thousand (previous year: EUR 1,408 thousand) related to buildings and EUR 1,596 thousand (previous year: EUR 1,611 thousand) related to operating and office equipment.

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

The interest expense incurred for these items amounted to EUR 538 thousand (previous year: EUR 675 thousand) and is reported under finance costs in the consolidated statement of comprehensive income.

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:

Bank loans were secured against registered land charges on land and buildings reported at a carrying amount of EUR 113,430 thousand. Please refer to Note 11 for information about the secured bank loans.