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ePaper created 2014-04-29, 17:58:02 | version 1.30.00
DEUTSCHEEUROSHOPANNUALREPORT2013/CONSOLIDATEDFINANCIALSTATEMENTS 163 3. INVESTMENT PROPERTIES 2013 2012 Carrying amount at 1 January 2,824,133 2,596,131 Additions 18,127 11,724 Disposals from deconsolidations -333,370 0 Additions to basis of consolidation 392,735 179,760 Unrealised changes in fair value 60,538 36,518 Carrying amount at 31 December 2,962,163 2,824,133 The properties are secured by mortgages. There are land charges in the amount of €1,393,203 thousand (previous year: €1,375,658 thousand). The rental income of the properties valued in accordance with IAS 40 was €187,987 thou- sand (previous year: €178,161 thousand). Directly associated operating expenses were €17,775 thousand (previous year: €18,485 thousand). Additions mainly include ongoing investments in portfolio properties. Disposals from deconsolidations mainly concern the Stadt-Galerie Passau and Immobilienkommanditgesellschaft FEZ Harburg, which on 1 January 2013 were switched to the equity-accounted method. The increased shareholding in Altmarkt-Galerie Dresden KG means that since 1 May 2013 the company has been fully consolidated and reported as an addition to the basis of consolidation. Unrealised changes in market value relate to appreciation and depreciation in accordance with IAS 40. 4. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD 2013 2012 Carrying amount at 1 January 321,534 326,699 Additions for equity-accounted companies 148,949 0 Deposits/withdrawals -21,188 -17,117 Share of profit/loss 27,024 14,344 Appreciations/depreciations recognised directly in equity 670 -2,392 Disposals -135,082 0 Carrying amount at 31 December 341,907 321,534 Stadt-Galerie Passau and Immobilienkommanditgesellschaft FEZ Harburg were switched over to the equity-accounted method on 1 January 2013 and are included in the additions. This item also includes dividend distributions, share in the profits/losses and other equity changes of the companies concerned. In the year under review the shares in a property company were sold. The increased shareholding in Altmarkt-Galerie Dresden KG means that since 1 May 2013 the company has been fully consolidated and is included under disposals at €134,639 thousand. € THOUSAND € THOUSAND