Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

12.4 Tangible assets held for investment purposes: movements during the periodTotalLandBuildingsA. Gross opening balance 20,350 7,498B. Additions — —B.1 Purchases — —B.2 Improvement expenses, capitalized — —B.3 Net increases in fair value — —B.4 Writebacks — —B.5 Increases arising due to exchange rates — —B.6 Transfers from core assets — —B.7 Other additions — —C. Reductions — 398C.1 Disposals — —C.2 Depreciation charges — 398C.3 Reductions in fair value — —C.4 Value adjustments for impairment — —C.5 Reductions arising due to exchange rates — —C.6 Transfers to other asset portfolios — —a) core assets — —b) non-current assets being sold — —C.7 Other reductions — —D. Closing balance 20,350 7,100E. Stated at fair value 87,325 37,361110 –