Opmaak JV 05 eng.indd

2Tangible fixed assetsLand is stated at cost, being € 1,711,000. Based on a recent appraisal,the private sale of the buildings with vacant possession would yieldsome € 46 million.(€ thousands)Land and buildings Other fixed assets TotalBalance at 1 January 2005Purchase price40,35344,33484,687Depreciation- 14,511- 31,256- 45,767Book value25,84213,07838,920Movements in book valueAdditions2363,6773,913Disposals- 14- 283- 297Depreciation- 1,983- 4,211- 6,194Exchange differences1100101Re-allocation1,356- 1,3560Total movements- 404- 2,073- 2,477Balance at 31 December 2005Purchase price41,93346,47288,405Depreciation16,49535,46751,962Book value25,43811,00536,4433Financial fixed assets(€ thousands)31-12-2005 31-12-2004Participating interestsAmounts owed by participating interests2,3494981,9122782,8472,19048 Financial statements 2005