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DES - Online Annual Report 2008

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5. Investments in equity-accounted associates

The additions relate to the acquisition of investments in Kommanditgesellschaft Panta Fünfundsiebzigste Grundstücksgesellschaft m.b.H. & Co., Kommanditgesellschaft Panta Achtundvierzigste Grundstücksgesellschaft m.b.H. & Co. and Kommanditgesellschaft Panta Dreiunddreißigste m.b.H. & Co.

in € thousands Investments in
equity-accounted
associates
2008
Costs as of 1 January 0
Currency differences 0
Additions 3,900
Disposals -2
Reclassifications 1,541
as of 31 December 5,439
   
Amortisation/impairment losses and reversals
as of 1 January
0
Currency differences 0
Additions 0
Reversals of impairment losses 0
Amortisation -1,255
Disposals 0
Reclassifications -444
as of 31 December -1,699
   
Carrying amount 1 January 0
Carrying amount 31 December 3,740

The companies hold leased office properties. Some of these properties are included in project development plans.

The reclassifications concern Kommanditgesellschaft 16. ALBA Grundstücksgesellschaft mbH & Co., Hamburg, EKZ Eins Errichtungs- und Betriebs Ges.m.b.H & Co OEG, Vienna and City-Point Beteiligungs GmbH, Pöcking. These investments were previously reported under Non-current financial assets and were reclassified in the period under review. For the first time they were measured using the equity method in accordance with IAS 28.

The investments were written down by €1,255 thousand in 2008.

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