7 Profit on Disposal of Properties

in € million

 

2016

 

2017

 

 

 

 

 

Income from disposal of investment properties

 

366.7

 

466.9

Carrying amount of investment properties sold

 

-317.0

 

-396.5

Profit on disposal of investment properties

 

49.7

 

70.4

 

 

 

 

 

Income from sale of assets held for sale

 

861.2

 

739.5

Retirement carrying amount of assets held for sale

 

-860.7

 

-739.5

Revaluation of assets held for sale

 

52.0

 

81.1

Profit on disposal of assets held for sale

 

52.5

 

81.1

 

 

102.2

 

151.5

The adjustment of investment properties held for sale for which a purchase contract had been signed but for which transfer of title had not yet taken place led to a gain of € 81.1 million as of December 31, 2017 (2016: € 52.0 million).

Fair Value
Valuation pursuant to IAS 40 in conjunction with IFRS 13. The estimated value of an asset. The fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.