Notes to the financial statements

19. Investment Property

PLN '000 Dec 31 2010 Dec 31 2009
Gross value at beginning of period 5,768 6,785
Increase: 2,134 7
- transfer from property, plant and equipment 2,134 -
- transfer from intangible assets - 7
Decrease: (113) (1,024)
- transfer to property, plant and equipment (113) (260)
- loss of control over subsidiary - (764)
Gross value at end of period 7,789 5,768
Impairment losses at beginning of period 2,006 1,887
Increase: 2,464 222
- transfer from property, plant and equipment 1,399 -
- transfer from intangible assets - 6
- revaluation 1,065 216
Decrease: (57) (103)
- transfer to property, plant and equipment (57) (62)
- loss of control over subsidiary - (41)
Impairment losses at end of period 4,413 2,006
Net value at beginning of period 3,762 4,898
Net value at end of period 3,376 3,762

As at December 31st 2010 and December 31st 2009, the Group classified as investment property (which comprises investments in land, perpetual usufruct rights to land, and buildings and structures) also such property which is not used by the Group for its own needs but which generates benefits in the form of value appreciation or rent income.

This is a translation of a document originally issued in Polish
The notes to the financial statements, presented on following pages, are their integral part.

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