- Home /
- Financial data /
- Consolidated financial statements 2011 /
- Notes to the financial statements /
- 19. Investment property
- LOTOS Annual Report 2011 /
- Home /
- Financial data /
- Consolidated financial statements 2011 /
- Notes to the financial statements /
- 19. Investment property
19. Investment property
PLN '000 | Dec 31 2011 | Dec 31 2010 |
---|---|---|
Gross value at beginning of the period | 7,789 | 5,768 |
Increase: | - | 2,134 |
- transfer from property, plant and equipment | - | 2,134 |
Decrease: | (7,789) | (113) |
- transfer to property, plant and equipment | (4,183) | (113) |
- reclassification into non-current assets held for sale | (3,606) | - |
Gross value at end of the period | - | 7,789 |
Impairment losses at beginning of the period | 4,413 | 2,006 |
Increase: | 424 | 2,464 |
- transfer from property, plant and equipment | - | 1,399 |
- revaluation | 424 | 1,065 |
Decrease: | (4,837) | (57) |
- transfer to property, plant and equipment | (2,332) | (57) |
- reclassification into non-current assets held for sale | (2,505) | - |
Impairment losses at end of the period | - | 4,413 |
Net value at beginning of the period | 3,376 | 3,762 |
Net value at end of the period | - | 3,376 |
As at December 31st 2010, the Group classified as investment property (which comprises investments in land, perpetual usufruct rights to land, and buildings and structures) also such property which is not used by the Group for its own needs but which generates benefits in the form of value appreciation or rent income.
This is a translation of a document originally issued in Polish.