DES GB2015 Englisch

This includes the office equipment of Deutsche EuroShop AG, three company vehicles and tenant fixtures. 3. INVESTMENT PROPERTIES in € thousand 2015 2014 Carrying amount at 01.01. 3,060,179 2,962,163 Additions 11,068 9,714 Unrealised changes in fair value 285,408 88,302 CARRYING AMOUNT AT 31.12. 3,356,655 3,060,179 The properties are secured by mortgages. There are land charges in the amount of €1,310,635 thousand (previous year: €1,334,821 thou- sand). The rental income of the properties valued in accordance with IAS 40 was €202,854 thousand (previous year: €200,785 thousand). Directly associated operating expenses were €19,383 thousand (pre- vious year: €18,984 thousand). Additions mainly include ongoing investments in portfolio properties. Unrealised changes in market value relate to appreciation and depre- ciation in accordance with IAS 40. 4. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD in € thousand 2015 2014 Carrying amount at 01.01. 359,357 341,907 Additions for equity- accounted companies 0 0 Deposits/withdrawals -16,724 -17,679 Share of profit/loss 68,355 35,129 Appreciations/ depreciations 43 0 Disposals 0 0 CARRYING AMOUNT AT 31.12 411,031 359,357 This item includes dividend distributions, share in the profits/losses and other equity changes of the companies concerned. 5. OTHER FINANCIAL ASSETS in € thousand 2015 2014 Costs as at 01.01. 273 34,519 Additions 0 0 Disposals -200 -34,246 as at 31 December 73 273 Amortisation/impairment losses and reversals as at 01.01. -7 0 Amortisation/impairment losses and reversals -7 -7 Additions 0 0 Disposals 0 0 as at 31.12. -14 -7 Carrying amount at 01.01. 266 34,519 CARRYING AMOUNT AT 31.12. 59 266 This item includes the investment in Ilwro Holding B.V., Amsterdam, that made a capital repayment of €0.2 million to Deutsche EuroShop AG in 2015. The investment was decreased in the year under review by €7 thou- sand to €59 thousand. 6. TRADE RECEIVABLES in € thousand 31.12.2015 31.12.2014 Trade receivables 7,156 5,671 Allowances for doubtful accounts -1,551 -1,161 5,605 4,510 Receivables result primarily from rental invoices and services for which charges are passed on. These were predominantly paid at the time the consolidated financial statements were prepared. The amounts recog- nised at the reporting date are protected by means of guarantees, cash security deposits and letters of comfort. 156 Deutsche EuroShop AG Annual Report 2015 CONSOLIDATED FINANCIAL STATEMENTS Carrying amount at 01.01. 3,060,1792,962,163 Additions 11,0689,714 in fair value 285,40888,302 31.12. 3,356,6553,060,179 Carrying amount at 01.01. 359,357341,907 accounted companies 00 Share of profit/loss 68,35535,129 depreciations 430 Disposals 00 AT 31.12411,031359,357 Costs as at 01.01. 27334,519 Additions 00 as at 31 December 73273 as at 01.01. -70 Additions 00 Disposals 00 Carrying amount at 01.01. 26634,519 AT 31.12. 59266 Trade receivables 7,1565,671 5,6054,510

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