4.c. INVESTMENT PROPERTY

 

2009

Starting position

 

Changes in the year

 

Closing position

Historical

Accum. deprec.

Balance

Acquisitions

Reclassified

Disposals

Depreciation

Historical

Accum. deprec.

Balance

(in thousands of euro)

cost

& writedowns

31.12.2008

 

 

 

cost

acc. dep.

& writedowns

 

cost

& writedowns

31.12.2009

 

20.299

(1.612)

18.687

 

--

--

--

--

(572)

 

20.299

(2.184)

18.115

2010

Starting position

 

Changes in the year

 

Closing position

Historical

Accum. deprec.

Balance

Acquisitions

Reclassified

Disposals

Depreciation

Historical

Accum. deprec.

Balance

(in thousands of euro)

cost

& writedowns

31.12.2009

 

 

 

cost

acc. dep.

& writedowns

 

cost

& writedowns

31.12.2010

 

20.299

(2.184)

18.115

 

--

--

--

--

(572)

 

20.299

(2.756)

17.543

 

Investment property declined from € 18,115 thousand at December 31 2009 to € 17,543 thousand at December 31 2010.

The market value is considerably higher than the carrying value in the statement of financial position.