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.