Revaluation results
Revaluation results include all increases and decreases in the value of investment properties. Any impairment charges to development projects are also recorded here. Revaluation results increased TEUR 180,348.7 (116.5%) over the previous year to equal TEUR 335,215.1 for 2005/06. This figure comprises write-ups of TEUR 378,306.9 and impairment charges of TEUR 43,091.8. Revaluation results include TEUR 45,519.4 of effects from the revaluation of properties acquired during the reporting year. The IMMOEAST properties were responsible for 95% of this amount.
The impairment charges recorded by IMMOEAST resulted chiefly from the strong rise of the Slovakian and Czech Krone, the Romanian Leu and the Polish Zloty in comparison to the Euro. In the IMMOWEST and IMMOAUSTRIA segments, the impairment charges were caused by lower occupancy.
The impairment charges recorded by IMMOEAST resulted chiefly from the strong rise of the Slovakian and Czech Krone, the Romanian Leu and the Polish Zloty in comparison to the Euro. In the IMMOWEST and IMMOAUSTRIA segments, the impairment charges were caused by lower occupancy.
| REVALUATION RESULTS BY | ||||
| PRIMARY SEGMENT IN TEUR | 2005/06 | 2004/05 | CHANGE | IN % |
| IMMOAUSTRIA | 210.146,5 | 99.887,3 | 110.259,2 | 110,4 |
| IMMOEAST | 116.986,1 | 22.621,3 | 94.364,8 | 417,2 |
| IMMOWEST | 8.082,5 | 32.357,8 | -24.275,3 | -75,0 |
| Total | 335.215,1 | 154.866,4 | 180.348,7 | 116,5 |
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