Annual Report 2015

13. Investments

 

Shares in Group companies

2015

2014

Cost 1 Jan

1,032,517,581.18

916,298,211.73

Additions

32,079,105.74

160,519,741.66

Disposals

-100,442,495.85

-44,300,372.21

Cost 31 Dec

964,154,191.07

1,032,517,581.18

Accumulated impairment losses 1 Jan

239,527,042.73

265,268,231.70

Impairment losses

92,736,279.13

18,509,183.03

Reversals of impairments

-90,272,662.32

-44,250,372.00

Book value 31 Dec

722,163,531.53

792,990,538.45

     

Shares in associated companies

   

Cost 1 Jan

513,245.14

513,245.14

Cost 31 Dec

513,245.14

513,245.14

Share of profits or losses 1 Jan

1,310,984.87

1,310,984.87

Accumulated impairment losses 1 Jan

-1,097,739.73

-1,097,739.73

Impairment losses

80,000.00

0.00

Book value 31 Dec

220,000.00

300,000.00

     

Other shares and holdings

   

Cost 1 Jan

6,660,306.40

6,660,306.40

Additions

28,560.00

0.00

Disposals

-79,103.92

0.00

Cost 31 Dec

6,609,762.48

6,660,306.40

Accumulated impairment losses  1 Jan

660,676.07

660,676.07

Impairment losses

209,292.00

0.00

Book value 31 Dec

5,739,794.41

5,999,630.33

     

Receivables from Group companies

   

Capital loan receivables

   

Cost 1 Jan

28,511,000.00

93,181,287.06

Repayments

0.00

-64,670,287.06

Cost 31 Dec

28,511,000.00

28,511,000.00

Accumulated impairment losses 1 Jan

0.00

51,891,600.00

Reversals of impairment losses

0.00

-51,891,600.00

Book value 31 Dec

28,511,000.00

28,511,000.00

Receivables from others

   

Capital loan receivables

   

Cost 1 Jan

3,070,177.03

3,070,177.03

Additions

0.00

0.00

Cost 31 Dec

3,070,177.03

3,070,177.03

Impairment losses

3,070,177.03

0.00

Book value 31 Dec

0.00

3,070,177.03

     

Total investments

756,634,325.94

830,871,345.81