31. Investment property

Investment property31 December 201431 December 2014
Own land 177,791 176,730
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 property1 January – 31 December 20141 January – 31 December 2013
Carrying amount – opening balance 1,474,770 564,404
Increases (due to): 722,477 1,190,779
- purchase 668,524 321,498
- 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
Exchange differences -882 -73
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.