Half-Year Report 2021

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8 Profit on the Disposal of Properties

in € million

Jan. 1–
June 30, 2020

Jan. 1–
June 30, 2021

 

 

 

Income from the disposal of investment properties

153.2

146.5

Carrying amount of investment properties sold

-95.4

-100.4

Profit on the disposal of investment properties

57.8

46.1

 

 

 

Income from sale of assets held for sale

164.4

210.4

Retirement carrying amount of assets held for sale

-164.4

-210.4

Revaluation of assets held for sale

14.9

31.5

Profit on the disposal of assets held for sale

14.9

31.5

 

72.7

77.6

 

 

 

The fair value adjustment of residential properties held for sale, for which a purchase contract had been signed but transfer of title had not yet taken place, led to a gain of € 31.5 million as of June 30, 2021 (first half of 2020: € 14.9 million).

Fair Value
Fair value is particularly relevant with regard to valuation in accordance with IAS 40 in conjunction with IFRS 13. The fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.