6 Profit on Disposal of Properties

in € million

 

Jan. 1–June 30, 2017

 

Jan. 1–June 30, 2018

 

 

 

 

 

Income from disposal of investment properties

 

251.6

 

258.5

Carrying amount of investment properties sold

 

-214.6

 

-212.6

Profit on disposal of investment properties

 

37.0

 

45.9

 

 

 

 

 

Income from sale of assets held for sale

 

450.3

 

127.9

Retirement carrying amount of assets held for sale

 

-450.3

 

-127.9

Revaluation of assets held for sale

 

53.1

 

34.6

Profit on disposal of assets held for sale

 

53.1

 

34.6

 

 

90.1

 

80.5

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 € 34.6 million as of June 30, 2018 (first half of 2017: € 53.1 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.