5 NET TANGIBLE ASSETS (€  millions) € millions 2020 31.12.2019 Acquisitions/ Depreciation Disposals/ Reversals Translation difference Other movements (1) 31.12.2020 Land and buildings 2,333.3 47.2 -24.9 -101.0 80.3 2,334.7 Machinery and equipment 3,735.3 163.1 -120.3 -175.4 37.1 3,639.7 Point-of-sales advertising: stands and displays 2,358.1 221.0 -420.2 -144.4 81.8 2,096.4 Other tangible assets and fixed assets in progress 2,004.3 262.1 -97.5 -114.4 -207.8 1,846.8 Gross value 10,431.1 693.4 -662.9 -535.2 -8.6 9,917.6 Land and buildings 1,218.7 79.4 -19.3 -38.1 10.5 1,251.2 Machinery and equipment 2,732.6 259.2 -119.3 -115.0 -56.9 2,700.6 Point-of-sales advertising: stands and displays 1,774.4 408.2 -415.4 -113.9 11.6 1,664.9 Other tangible assets 1,061.0 165.0 -94.8 -66.4 11.0 1,075.7 Depreciation and provisions 6,786.8 911.7 -648.8 -333.4 -23.8 6,692.4 TANGIBLE ASSETS – NET 3,644.3 -218.3 -14.1 -201.8 15.2 3,225.2 (1) These mainly consist of assets related to refurbishment costs for premises reclassified as rights of use after the Group applied IFRS 16 on 1 January 2019 (€33 million) and tangible assets in progress allocated to other fixed assets. € millions 2019 31.12.2018 Acquisitions/ Depreciation Disposals/ Reversals Translation difference Other movements (1) 31.12.2019 Land and buildings 2,259.2 43.1 -38.2 18.4 50.8 2,333.3 Machinery and equipment 3,585.1 158.3 -129.6 38.0 83.5 3,735.3 Point-of-sales advertising: stands and displays 2,147.8 372.2 -247.4 43.0 42.5 2,358.1 Other tangible assets and fixed assets in progress 1,922.1 384.0 -76.8 25.8 -250.8 2,004.3 Gross value 9,914.3 957.6 -492.0 125.2 -74.0 10,431.1 Land and buildings 1,169.9 77.1 -33.3 6.8 -1.8 1,218.7 Machinery and equipment 2,585.7 258.6 -126.7 24.9 -9.9 2,732.6 Point-of-sales advertising: stands and displays 1,559.4 440.2 -246.6 31.5 -10.1 1,774.4 Other tangible assets 974.7 168.3 -75.6 13.5 -19.9 1,061.0 Depreciation and provisions 6,289.7 944.2 -482.2 76.8 -41.7 6,786.8 TANGIBLE ASSETS – NET 3,624.6 13.4 -9.8 48.4 -32.4 3,644.3 (1) These mainly include the effect of changes in the scope of consolidation and tangible assets in progress allocated to other fixed assets. 3.2.3. Leases 3.2.3.1. Right-of-use assets Right-of-use assets break down by type of underlying asset, as follows: € millions 31.12.2021 Net Depreciation and impairment losses (1) 2021 31.12.2020 Net 01.01.2020 Net Buildings 1,124.6 261.5 1,101.2 1,291.2 Stores 265.4 123.0 293.3 445.1 Key money 28.7 3.4 34.5 49.0 Others 88.8 17.1 96.3 106.9 RIGHT -OF-USE ASSETS 1,507.6 405.0 1,525.3 1,892.3 (1) Of which €405.6  million in depreciation for the period. 2020 Translation difference Other movements 2021 3,225 -43 102 -10 -7 3,266 Disposals/ Reversals Acquisitions/ Depreciation L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 299 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements