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DES - Online Annual Report 2008

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4. Non-current financial assets

in € thousands Non-current financial assets
2007
Costs as of 1 January 18,705
Currency differences 273
Additions 526
Disposals -543
Reclassifications 0
as of 31 December 18,961
   
Write-downs and impairments/impairment losses and reversals as of 1 January 10,372
Currency differences 0
Additions 0
Reversals of impairment losses 3,518
Write-downs and impairments 0
Disposals 0
as of 31 December 13,890
   
Carrying amount 1 January 29,077
Carrying amount 31 December 32,851

in € thousands Non-current financial assets
2008
Costs as of 1 January 18,961
Currency differences -518
Additions 0
Disposals 0
Reclassifications 83
as of 31 December 18,526
   
Write-downs and impairments/impairment losses and reversals as of 1 January 13,890
Currency differences 0
Additions 0
Reversals of impairment losses 0
Write-downs and impairments -920
Disposals 0
Reclassifications -1,180
as of 31 December 11,790
   
Carrying amount 1 January 32,851
Carrying amount 31 December 30,316

The reclassifications within costs relate firstly to the reclassification of associates accounted for using the equity method for the first time in an amount of €1,541 thousand and secondly to adjustments to historic cost allocated to write-downs and impairments/impairment losses and reversals amounting to €1,624 thousand. This did not have an effect on the closing balance.

As of the balance sheet date, the investments in Ilwro Joint Venture Sp. zo. o., Warsaw and CASPIA Investments Sp. zo. o., Warsaw were reported under Non-current financial assets.

In the period under review, the investment in Ilwro Joint Venture Sp. zo. o., Warsaw was written down by €920 thousand, resulting in a net carrying amount of €27,171 thousand as of 31 December 2008. The net carrying amount of CASPIA Investments Sp. zo. o., Warsaw is €3,145 thousand.

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