Annual report 2012

18. Investment property

Investment property is measured at cost.

Movement in investment property

EUR thousand 2012 2011
Balance at 1 January 6,462 6,413
Increase 0 185
Decrease 0 -51
Depreciation -84 -84
Balance at 31 December 2012 / 31 Dec 2011 6,378 6,463

Investment property comprises land and buildings in Sečovlje and real estate on Vojkova 58 in Ljubljana. Investment property is carried at cost and no fair values have been determined.

In 2012, the revenue generated on the lease of investment property amounted to EUR 125 thousand (2011: EUR 153 thousand) and is recognised in profit or loss.