English
Italiano4.1 - Land and buildings (investment properties)
The table below shows the main changes in land and buildings (investment properties) in the reporting period, i.e. those held to earn rentals or capital appreciation or both, and their fair value.
| (€ million) | 31.12.2012 | 31.12.2011 |
|---|---|---|
| Gross bookvalue as at 31 December previous year | 14,879 | 14,330 |
| Accumulated depreciation and impairment as at 31 December previous year | -1,797 | -1,716 |
| Carrying amount as at 31 December previous year | 13,082 | 12,614 |
| Foreign currency translation effects | 3 | 23 |
| Increases | 327 | 1,167 |
| Capitalized ex penses | 90 | 65 |
| Changes in consolidation scope | -50 | 173 |
| Reclassification | 148 | 72 |
| Decreases | -442 | -844 |
| Depreciation of the period | -177 | -178 |
| Net impairment loss of the period | -81 | -12 |
| Carrying amount as at the end of the period | 12,899 | 13,082 |
| Accumulated amortization and impairment as at the end of the period | 1,903 | 1,797 |
| Gross bookvalue as at the end of the period | 14,802 | 14,879 |
| Fair value | 18,209 | 18,590 |
The fair value of land and buildings (investment properties) at the end of the reporting period is mainly based on external appraisals.
