Movement in investment property | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
---|---|---|
Net carrying amount at the beginning of the period | 2,773 | 2,493 |
Additions | 176 | 592 |
– purchase | 146 | 430 |
– transfer from property intended for personal use | 7 | – |
– transfers from held for sale categories under IFRS 5 | 23 | 162 |
Reductions | (3) | (470) |
– sale and liquidation | – | (1) |
– transfer to property intended for personal use | (2) | – |
– transfers to held for sale categories under IFRS 5 | (1) | (469) |
Gain (loss) on remeasurement to fair value | 75 | 158 |
– through profit or loss | 73 | 158 |
– through other comprehensive income | 2 | – |
Net carrying amount at the end of the period, including | 3,021 | 2,773 |
– buildings and structures | 2,760 | 2,514 |
– own land | 191 | 196 |
– perpetual usufruct right to land and cooperative ownership right to premises | 70 | 63 |
The item “Perpetual usufruct of land” contains the right to use land for up to 99 years. This right may be traded.
The fair value of investment property results from valuations by independent appraisers conducted mainly in 2022.