Company 18: Investment Property
|TEUR#15,217
| In TEUR | 2011 | 2010 |
|---|---|---|
| Land | 10.209 | 1.151 |
| Buildings | 5.008 | 544 |
| Total | 15.217 | 1.695 |
Investment property includes land and buildings intended for resale or increase of investment property. In association with investment property, rental income in the amount of TEUR 66 was recognised in the income statement.
| In TEUR | 2011 | 2010 |
|---|---|---|
| Balance at 1 January | 1.695 | 4.462 |
| Acquisition | 13.522 | 0 |
| Impairment | 0 | -1.528 |
| Disposal | 0 | -1.239 |
| Balance at 31 December | 15.217 | 1.695 |
Investment property is measured using the fair value model. In 2011, investment property was acquired for resale and marketing of rental property. Acquisitions include the acquisition of the land and building of Gorenje Tiki, d.o.o., in liquidation, and the acquisition of the land and building of the subsidiary Gorenje Notranja oprema, d.o.o.