IMMOEAST Annual Report 2006/07
IMMOEAST Annual Report 2006/07
IMMOEAST Annual Report 2006/07
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The carrying values of properties under construction developed as follows:<br />
All amounts in TEUR Property under construction<br />
Balance on 1 May 2005 62,326.5<br />
Change in consolidation range 52,401.9<br />
Change in consolidation method 114.5<br />
Currency translation adjustments 2,536.4<br />
Additions 49,049.0<br />
Disposals -1,383.8<br />
Impairment -3,902.9<br />
Reclassification -75,508.8<br />
Balance on 30 April <strong>2006</strong> 85,632.7<br />
Balance on 1 May <strong>2006</strong> 85,632.7<br />
Change in consolidation range 151,410.5<br />
Change in consolidation method 9,693.1<br />
Currency translation adjustments 5,841.9<br />
Additions 105,273.6<br />
Disposals -37.6<br />
Reclassification -115,041.7<br />
Balance on 30 April 20<strong>07</strong> 242,772.6<br />
The impairment charges recognised in 2005/06 were related entirely to exchange rate fluctuations.<br />
The additions to property under construction are shown below:<br />
CZ, Strakonice, MY BOX Strakonice RO, Targu Mures, Shopping C. Targu Mures<br />
CZ, Rakovník, MY BOX Rakovník RO, Galati, Euromall Galati<br />
CZ, Sokolov, MY BOX Sokolov RO, Bukarst, Bucharest Distribution Park<br />
CZ, Hranice, MY BOX Hranice RO, Targu Jiu, Shopping Center Targu Jiu<br />
CZ, Kolín, MY BOX Kolín RO, Bucharest, Euromall Baneasa<br />
CZ, Pribram, My Box Pribram RO, Bucharest, Victoria Park (II - IV)<br />
CZ, Trˇebíc Nákupní Centrum Trˇebíc RO, Bucharest, IRIDE IV<br />
CZ, Tábor, Nákupní Centrum Aventin Tábor RO, Ploiesti, LogCenter Ploiesti<br />
H, Budapest, Mester Park RO, Timisoara, Almera Logistik Portfolio<br />
H, Békéscaba, STOP.SHOP. BCS (Phase IV) RU, Moscow, Rostokinǒ<br />
H, Gyöngyös, STOP.SHOP. Gyöngyös (Phase IV) SK, Ružomberok, StopShop Ružomberok<br />
PL, Warsaw, Rondo Jasdy Polskei SK, Prievidza, Arkadia Prievidza<br />
RO, Glina, Shopping Center Glina<br />
RO, Sibiu, Shopping Center Sibiu<br />
UA, Kiev, Alacor Business Park City<br />
The fair value of property under construction totalled TEUR 569,1<strong>07</strong>.9 (2005/06: TEUR 95,387.3). Collateral is provided<br />
by property under construction with a total carrying value of TEUR 242,772.6.<br />
4.1.3 Non-current property held for sale<br />
Additional information on this balance sheet item is provided under point 3.7.<br />
Non-current property held for sale is carried at fair value (IFRS 5.5 (d)) if it falls under the scope of application defined<br />
in IAS 40. In all other cases, non-current property held for sale is stated at the lower of carrying value and fair value<br />
less costs to sell.<br />
Notes<br />
<strong>Report</strong> by the Executive Board 187<br />
Highlights <strong>2006</strong>/<strong>07</strong><br />
Business Model and Strategy<br />
Portfolio Structure<br />
Corporate Governance and Outlook<br />
Property Portfolio<br />
Development of Business<br />
Consolidated Financial Statements<br />
Service and Glossary<br />
IAS 16.74 (a)
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