Year 2017

11. Investment property


EUR million

2017

2016

2015

Cost January 1

16.1

16.1

16.1

Disposals

-

-

-

Cost December 31

16.1

16.1

16.1

    

Accumulated depreciation and impairment losses January 1

-6.3

-5.7

-5.1

Depreciation for the period

-0.6

-0.6

-0.6

Accumulated depreciation and impairment losses December 31

-6.9

-6.3

-5.7

    

Carrying amount on January 1

9.7

10.3

11.0

Carrying amount on December 31

9.1

9.7

10.3

    

Investment property includes four properties that Posti has leased out to external parties. Two of the properties are land areas and two are buildings. On December 31, 2017, the fair value of investment property totaled EUR 15.1 (2016:15.1, 2015: 17.9) million. Fair values are based on an external real estate agents' appraisals. In 2017 rental income from investment property totaled EUR 1.9 (2016: 1.9, 2015: 1.7) million and maintenance charges amounted to EUR 0.9 (2016: 0.6, 2015: 0.5) million.