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205
P
lant and e
q
ui
p
ment
—
n
et:
2003 2002
Cost:
Land and buildings 104,810 114,660
Leasehold improvements 31,243 38,310
Machinery and equipment 219,818 203,553
Furniture and fixtures 44,058 37,146
Com
p
uters 6,893 22,130
Other 1,430 15,885
408,252 431,684
Less accumulated de
p
reciation:
Buildings (15,943) (16,681)
Leasehold improvements (21,872) (34,356)
Machinery and equipment (141,072) (115,201)
Furniture and fixtures (38,604) (19,355)
Computers (5,700) (19,340)
Other (892) (8,630)
(224,083) (213,563)
Plant and equipment — net
(a)(b)
184,169 218,121
(a) Included assets held for sale with a carrying value of 10,897 and 14,799 as of December 31, 2003 and 2002, respectively, related to owned facilities that were
being actively marketed. These assets were written down in previous periods to their estimated fair values less costs to sell. The write downs were included in
special charges. Nortel Networks S.A. expects to dispose of all of these facilities by mid-2005.
(b) IncludedleasedassetsasrequiredbySFASNo.98of
75,927 and 79,028 as of December 31, 2003 and 2002, respectively.
Goodwill:
The following table outlines goodwill by reportable segment:
Wireless Enterprise Wireline Optical
Networks Networks Networks Networks Other Total
Balance — net as of December 31, 2001 and 2002 – –
–
– –
–
Change:
Additions
(a)
8,857 8,070 2,756 19,683
Foreign exchange – –
–
––
–
Balance — net as of December 31, 2003 – 8,857 8,070 2,756 – 19,683
(a) See note 9 for additional information.
During the year ended December 31, 2003, Nortel Networks S.A. performed its annual goodwill impairment test and concluded that there
was no impairment.
I
ntan
g
ible assets
—
n
et:
2003 2002
Other intangible assets — net
(a)
8,929 3,454
(a) Other intangible assets are being amortized over their estimated useful lives. Amortization expense is expected to be 1,020 for each of the next eight years
commencingin2004and
769 thereafter.
I
nvestment at cost
—
n
et:
2003 2002
European Aeronautic Defense & Space Telecom S.A.S – 15,871
Matra Nortel Communication Distribution S.A.S
–
305
Investment at cost — net – 16,176