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.