14. Investment Property

 

PLN ‘000 Dec 31 2009 Dec 31 2008
Gross value at beginning of period 6,785 4,387
Increase: 7 6,953
- transfer from property, plant and equipment - 6,953(1)
- transfer from intangible assets 7
Decrease: (1,024) (4,555)
- sale - (4,555)(1)
- transfer to property, plant and equipment (260) -
- loss of control over subsidiary (764) -
Gross value at end of period 5,768 6,785
Impairment losses at beginning of period 1,887 942
Increase: 222 945
- transfer from property, plant and equipment - 674
- transfer from intangible assets 6 -
- other 216 271
Decrease: (103) -
- transfer to property, plant and equipment (62) -
- loss of control over subsidiary (41) -
Impairment losses at end of period 2,006 1,887
Net value at beginning of period 4,898 3,445
Net value at end of period 3,762 4,898

(1) Including the value of investments in real property, comprising buildings with office and amenity space and production floors with the related infrastructure.

As at December 31st 2009, investment property, including investments in land, perpetual usufruct of land, buildings and structures, included also property which the Company does not use for its own purposes but which generate benefits in the form of value appreciation or rent income.

This is a translation of a document originally issued in Polish

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