Depreciation and value adjustments
The charge that spreads the cost of long-lived assets over the years they are used.
When a company buys a machine, a building or a vehicle, that outlay is not charged to one year. Depreciation spreads it across the asset's expected life, so each year carries its share. Value adjustments are the related idea: write-downs of assets no longer worth what the books say.
Depreciation is a cost but not a payment — nothing leaves the company in the year it is booked. That is why operating result and actual cash flow can differ substantially.
Where this figure comes from
APR's open data does not publish this line, so profiles here show it as “—”.
Related terms