170 / 220
164
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Annual Accounts /
Notes to the Consolidated Accounts
NOTE 21.
BREAKDOWN OF THE CHANGES IN THE FAIR VALUE OF INVESTMENT PROPERTIES
(x €1,000)
2013
2012
Properties available for lease
-8,920
35,485
Development projects
-16,327
-21,377
Assets held for own use
-4
20
Assets held for sale
-1,009
-1,931
TOTAL
-26,260
12,197
This section includes the change in the fair value of investment properties and assets held for sale.
The total portfolio is valued by the experts at 31.12.2013 based on a capitalisation rate of 7.03% applied to the contractual rents increased by the estimated
rental value on unlet space (see the Report of the Real Estate Experts).
NOTE 22.
INTANGIBLE ASSETS AND OTHER TANGIBLE ASSETS
(x €1,000)
Intangible assets
Other tangible assets
2013
2012
2013
2012
AT 01.01
605
745
856
966
Acquisitions of the financial year
477
293
107
163
IT software
477
293
Office fixtures and fittings
107
163
Depreciation of the financial year
329
433
282
273
IT software
329
433
Office fixtures and fittings
282
273
Disposals of the financial year
4
Office fixtures and fittings
4
AT 31.12
753
605
677
856
The intangible assets and other tangible assets are exclusively assets held for own use.
The depreciation rates used depend on the duration of the economic life:
•
fixtures: 10% to 12.5%;
•
IT hardware: 25%;
•
IT software: 25%.