Annual Report 2015

14. Investment property

 

EUR million

2015

2014

Cost 1 Jan

16.1

17.3

Disposals

-

-1.2

Transfers between items

-

0.0

Cost on 31 Dec

16.1

16.1

     

Accumulated depreciation and impairment losses 1 Jan

-5.1

-4.9

Depreciation for the financial period

-0.6

-0.7

Accumulated depreciation on disposals

-

0.5

Accumulated depreciation and impairment losses 31 Dec

-5.7

-5.1

     

Carrying amount on 1 Jan

11.0

12.4

Carrying amount on 31 Dec

10.3

11.0

     

On December 31, 2015, the fair value of investment property totaled EUR 17.9 (17.9) million. Fair values are based on an external real estate agent's appraisal. In 2015 rental income from investment property totaled EUR 1.7 (1.8) million and maintenance charges amounted to EUR 0.5 (0.4) million.