FY 2012 - Investor Relations - NIS

8. INVESTMENT PROPERTYInvestment properties are valued at the reporting date at fair value, representing the investment property market value.Movements on the account were as follows:2012 2011As at 1 January 1,338,269 1,393,170Fair value losses (note 34) (17,716) (190,726)Transfer from PP&E (note 7) 116,230 120,270Transfer to non-current assets held for sale (41,702) -Disposals (27,670) -Оther (33) 15,555As at 31 December 1,367,378 1,338,269The following amounts relating to leasing activites have been recognized in the Consolidated Income Statement:Investments in other legal entities as at 31 December 2012 relate to the following companies:Company Investment ImpairmentNet bookvalueShare %HIP Petrohemija а.d., Pančevo, Serbia 1,682,522 (1,682,522) - 12.72%MSK а.d., Kikinda, Serbia 265,507 (265,507) - 10.10%Prokons, Subotica, Serbia 91,227 - 91,227 20.15%Maco nafta, Skopje, Macedonia 47,185 - 47,185 49.00%Linde Gas Serbia а.d. Bečej, Serbia 4,269 (4,269) - 12.44%SPC Pinki, Belgrade, Serbia 174 - 174 46.16%Other legal entities 70,121 (31,027) 39,094 5.89%2,161,005 (1,983,325) 177,680Year ended 31 December2012 2011Rental income (note 26) 116,483 120,553Available for sale financial assets include the following:Listed securities, quoted on BELEX:31 December 2012 31 December 2011As at 31 December 2012 investment properties amounting to RSD 1,367,378 (31 December 2011: RSD 1,338,269)mainly relate to the petrol stations, business facilities and apartments that have been rented out under long-term leaseagreements, and are valued at fair value as at the reporting date.- shares 170,550 218,101Unlisted securities:- shares 7,130 7,1319. INVESTMENTS IN EQUITY INSTRUMENTS31 December 2012 31 December 2011Financial assets available for sale 2,161,005 2,211,557Less: Provision (1,983,325) (1,986,325)Financial assets available for sale177,680 225,23231 December 2012 31 December 2011In shares 2,132,741 2,172,998In stakes 28,264 31,264Other - 7,2952,161,005 2,211,557Less: Provision (1,983,325) (1,986,325)177,680 225,232177,680 225,232Movements on the available for sale financial assets:2012 2011As at 1 January 225,232 186,154Trasfer - 61,878Fair value adjustments (40,020) (22,800)Disposal (7,159) -Other (373) -As at 31 December 177,680 225,232276 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 277