Annual report 2005 - Sava dd

a n n u a l r e p o r t | 2 0 0 5
(SIT in thousands)
Land - Buildings -
investment investment
property property Total
COST VALUE
Balance at 01/01/2005 209,257 2,566,714 2,775,971
Additions 0 1,491,865 1,491,865
Disposals -60,500 -405,239 -465,739
Balance at 31/12/2005 148,757 3,653,340 3,802,097
ACCUMULATED DEPRECIATION
Balance at 01/01/2005 0 438,188 438,188
Disposals 0 -55,359 -55,359
Depreciation 0 96,372 96,372
Balance at 31/12/2005 0 479,201 479,201
CARRYING AMOUNT
Balance at 01/01/2005 209,257 2,128,526 2,337,783
Balance at 31/12/2005 148,757 3,174,139 3,322,896
1 6 6 |
14. Investment property
Investment property is mainly real estate under operating lease.
Movement of investment property in the Sava Group in 2005
Movement of investment property in the Sava Group in 2004
(SIT in thousands)
Land - Buildings -
investment investment
property property Total
COST VALUE
Balance at 01/01/2004 387,646 2,659,156 3,046,802
Additions 94,423 16,026 110,449
Disposals -272,812 -108,468 -381,280
Balance at 31/12/2004 209,257 2,566,714 2,775,971
ACCUMULATED DEPRECIATION
Balance at 01/01/2004 0 340,102 340,102
Depreciation 0 98,086 98,086
Balance at 31/12/2004 0 438,188 438,188
CARRYING AMOUNT
Balance at 01/01/2004 387,646 2,319,054 2,706,700
Balance at 31/12/2004 209,257 2,128,526 2,337,783
The fair value of investment property does not differ
considerably from the book value as the major part of
real estate under operating lease was constructed in
2003and there have not been any significant changes in
the real estate market since then.