|Investment property||31 December 2014||31 December 2014|
|Land perpetual usufruct right||39,557||32,210|
|Buildings and structures||2,017,141||1,259,223|
|Cooperative ownership of premises||1,573||6,607|
|Total investment property||2,236,062||1,474,770|
|Change in investment property||1 January – 31 December 2014||1 January – 31 December 2013|
|Carrying amount – opening balance||1,474,770||564,404|
|Increases (due to):||722,477||1,190,779|
|- change in group composition||3,481||817,858|
|- reclassifications to real property used for internal purposes||50,472||51,423|
|Decreases (due to):||-53,192||-198,754|
|- sale and liquidation||-16||-28,677|
|- reclassifications to real property used for internal purposes||-15,419||-46,966|
|- reclassification to held for sale according to IFRS 5||-21,773||-123,111|
|Profit (loss) on fair value remeasurements||92,889||-81,586|
|- recognized in profit or loss||76,215||-99,206|
|- recognized in other comprehensive income||16,674||17,620|
|Net book value – closing balance||2,236,062||1,474,770|
The item “Land perpetual usufruct” contains a right to use a land for up to 99 years. Land perpetual usufruct can be subject of sale.
“Reclassifications from property for internal purposes” present the carrying amount of property (historical cost less accumulated depreciation and impairment losses) as at the reclassification (change of use) date.
The fair value of investment property results from valuations by independent appraisers having the relevant licenses as required by the law, using the comparable or the income method based on the current market ratios, conducted mainly in 2014.