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Annual Report Gorenje Group 2009

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Property, plant and equipment under construction<br />

2,030 TEUR<br />

Property, plant and equipment under construction mainly include equipment for production of combined<br />

refrigerators, width 750, for the US market.<br />

In 2008, land was appraised on the basis of fair value determined by an independent certified appraiser<br />

of real property. The effect of revaluation to fair value amounted to TEUR 7,455. The conditions for<br />

impairment were not established.<br />

In <strong>2009</strong>, the appraisal of property, plant and equipment to determine their recoverable value was<br />

carried out. No conditions for impairment were established.<br />

COMPANY - INVESTMENT PROPERTY<br />

Note 18 – Investment property<br />

4,462 TEUR<br />

in TEUR <strong>2009</strong> 2008<br />

Land 3,752 3,752<br />

Buildings 710 710<br />

Total 4,462 4,462<br />

Investment property includes land and buildings intended for sale or to increase investment property. In<br />

2008, investment property was appraised by an independent certified appraiser to determine fair value<br />

recognised in profit or loss.<br />

Changes in investment property<br />

in TEUR <strong>2009</strong> 2008<br />

Opening balance at 1 January 4,462 2,698<br />

Additions 0 249<br />

Revaluation 0 2,154<br />

Disposals 0 -753<br />

Transfer from property, plant and equipment 0 114<br />

Closing balance at 31 December 4,462 4,462<br />

203<br />

<strong>Annual</strong> <strong>Report</strong> <strong>Gorenje</strong> <strong>Group</strong> <strong>2009</strong>

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