Výročná správa 2009 - Komunálna Poisťovňa

(All amount are in thousands of Euros, unless stated otherwise)6. Investment propertyLandBuildingsand structuresTotalAt 1 January 2008Balance at the beginning of the year 22 812 834Disposal - (1) (1)Accumulated depreciation - (29) (29)Exchange rate difference from translation topresentation currency2 92 94Net book value 24 874 898At 31 December 2008Acquisition cost 24 1,222 1,246Accumulated depreciations - (348) (348)Net book value 24 874 898Year ended 31 December 2009Balance at the beginning of the year 24 874 898Disposal/additions - 83 83Business combination 7 355 362Depreciation - (27) (27)Net book value 31 1,285 1,316Year ended 31 December 2009Acquisition cost 31 1,814 1,845Accumulated depreciation - (529) (529)Net book value 31 1,285 1,3162009Rental income 147Direct operating expenses arising from investment properties that generate rental income 34Direct operating expenses that did not generate rental income 136Investment property is not presented on the Company’s balance sheet at their fair value. Thefair value of investment property at 31 December 2009 is EUR 2,073 thousand (31 December2008: EUR 1,398 thousand), and was calculated by independent valuation experts using alternativevaluation methods.The Company rents out part of the building and related land in Banská Bystrica, Martin, NoveZamky, and Kosice to external entities. Investment property is calculated based on the percentageof rented space. The following percentages were used for calculation of investment property:In use by the CompanyInvestment property2008 75% 25%2009 71.11% 28.89%Ročná účtovná závierka a komentár I Company Accounts161