ANNUAL REPORT 2013

FINANCIALS

14. Investment property


EUR million 2013 2012
Historical cost, Jan 1 17.6 18.8
Translation differences -0.3 -0.2
Decreases -0.0 -1.0
Reclassification from property, plant and equipment 1.0
Historical cost, Dec 31 18.2 17.6



Accumulated depreciation, Jan 1 12.1 12.6
Translation differences -0.3 -0.1
Depreciation and impairment for the period 0.4 0.4
Decreases -0.0 -0.7
Accumulated depreciation and impairment, Dec 31 12.2 12.1



Net book value, Dec 31 6.0 5.5



Investment Property comprises the parent company's buildings and zoned and unbuilt lots for detached houses in Fiskars Village, Finland, and the leasing properties of Fiskars Brands, Inc. in the US that are not in Group's operational use.


Fair value

Properties in Fiskars Village are unique in their cultural and historical values. Therefore it is not possible to determine a comparable market value on those properties.

The book value of the zoned and unbuilt lots for detached houses in Fiskars Village amounted to EUR 1.0 million as at December 31, 2013. The fair value of those lots, calculated based on average market prices of the area, amounted to EUR 3.5 million.

The book value of the leasing properties of Fiskars Brands, Inc. in the US approximate their fair value.


Book values by countries

EUR million 2013 2012
Finland 5.3 4.6
USA 0.7 0.8
Total 6.0 5.5