|
NOTE 16
|
INVESTMENT PROPERTY
|
||
|
Investment property
|
|||
|
NOK 1 000
|
2012
|
2011
|
|
|
Balance at 1 January
|
1 514 927
|
684 778
|
|
|
Acquisitions
|
65 136
|
499 285
|
|
|
Additions through improvements
|
65 418
|
291 814
|
|
|
Disposals
|
- 6 963
|
- 13 900
|
|
|
Net change in investment property valuation
|
343 335
|
52 950
|
|
|
Carrying amount at 31 December
|
1 981 853
|
1 514 927
|
|
|
Income from investment property
|
|||
|
NOK 1 000
|
2012
|
2011
|
|
|
Rental income from properties
|
98 850
|
59 743
|
|
|
Costs directly attributable to the investment properties
|
- 6 472
|
- 7 304
|
|
|
Net change in property revaluation
|
343 335
|
52 950
|
|
|
Total
|
435 713
|
105 389
|
|
|
The fair value of investment property
|
|||
|
The investment properties are measured at fair value. Fair value is the amount for which an asset could be traded between knowledgeable, voluntary parties in an arm's length transaction. Market prices are considered when determining the market rent and required rate of return.
|
|||
|
All of the Group's investment properties are measured yearly based on cash flow models. Future cash flows are calculated on the basis of signed contracts, as well as future cash flows based on expected market prices. No external valuations have been obtained. Note 2 gives a detailed description of the parameters used to calculate the fair value.
|
|||
© Copyright 2013 Ferd. All rights Reserved | Personvern
Design by Design Container AS | CMS by Snapper Net Solutions AS