Annual report 2012

18. Assets held for sale

Assets held for sale relate to land and buildings that Telekom Slovenije will no longer use for business purposes in accordance with the restructuring process and the optimisation of real estate, and that are to be sold in the next 12 months according to the decision of the Management Board. Upon their disposal, assets held for sale are transferred to current assets at an amount equal to the lower of their carrying amount and fair value, less costs of sale. Prior to their transfer the value of assets was determined by a certified appraiser.

In 2012, the Company recognised an impairment loss in the amount of EUR 300 thousand as the difference between the carrying amount and fair value, less costs of sales. The impairment loss is recognised in the income statement under other operating costs, impairment of intangible assets and property, plant and equipment in Note 8.