6 Profit on Disposal of Properties
in € million |
Jan. 1–June 30, 2018 |
Jan. 1–June 30, 2019 |
|---|---|---|
|
|
|
Income from disposal of investment properties |
258.5 |
110.4 |
Carrying amount of investment properties sold |
-212.6 |
-78.4 |
Profit on disposal of investment properties |
45.9 |
32.0 |
|
|
|
Income from sale of assets held for sale |
127.9 |
116.3 |
Retirement carrying amount of assets held for sale |
-127.9 |
-116.3 |
Revaluation of assets held for sale |
34.6 |
27.0 |
Profit on disposal of assets held for sale |
34.6 |
27.0 |
|
80.5 |
59.0 |
|
|
|
The fair value 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 € 27.0 million as of June 30, 2019 (first half of 2018: € 34.6 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.