palfinger at a glance

noteS TO THE CONSolidated FINANCIAL StatementS
conSolidated FINANCIAL StatementS FOR THE Year ENDED 31 DECEMBER 2011
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Land and buildings include the real estate values of developed properties amounting to EUR 17,788 thousand
(previous year: EUR 17,360 thousand).
Due to the relocation of business departments, an impairment loss on buildings of EUR 1,603 thousand was
recognized concerning the EUROPEAN UNITS (EUR 1,178 thousand) and the AREA UNITS (EUR 425 thousand)
segments.
Prepayments and assets under construction are reported at cost and represent assets which were under
construction as at the balance sheet date, totalling EUR 6,903 thousand (previous year: EUR 2,348 thousand).
As at 31 December 2011, there were no material contractual obligations regarding the acquisition of property,
plant and equipment.
In the period under review, no borrowing costs on qualifying assets were capitalized.
(28) INVEStment PROPERTY
The following table shows the movement in investment property held by the Group:
EUR thousand 2011 2010
Acquisition cost
As at 1 Jan 1,373 2,149
Additions 56 0
Disposals (613) 0
Reclassifications 0 (767)
Foreign currency translation 0 (9)
As at 31 Dec 816 1,373
Accumulated depreciation and impairment
As at 1 Jan 954 1,053
Depreciation 19 14
Disposals (561) 0
Reclassifications 0 (113)
As at 31 Dec 412 954
Carrying amounts as at 31 Dec 404 419
As at 31 December 2011, the fair value of investment property, determined on the basis of expert opinions
prepared internally, amounted to EUR 626 thousand (previous year: EUR 719 thousand).
Rental income from the lease of investment property amounted to EUR 63 thousand (previous year:
EUR 65 thousand), and directly attributable operating expenses from the lease of investment property were
EUR 21 thousand (previous year: EUR 4 thousand).
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palfinger Annual Report 2011