4. Non-current financial assets
| Costs in € thousands | Non-current financial assets 2006 |
|---|---|
| Costs as of 1 January | 109,455 |
| Currency differences | 0 |
| Additions | 4,889 |
| Disposals | 0 |
| Reclassifications | 0 |
| Changes in consolidated Group | -95,639 |
| as of 31 December | 18,705 |
| Depreciation and amortisation/impairment losses and reversals as of 1 January | 7,349 |
| Currency differences | 0 |
| Additions | |
| Reversals of impairment losses | 3,777 |
| Disposals | -754 |
| as of 31 December | 10,372 |
| Carrying amount 1 January | 116,804 |
| Carrying amount 31 December | 29,077 |
| Costs in € thousands | Non-current financial assets 2007 |
|---|---|
| Costs as of 1 January | 18,705 |
| Currency differences | 273 |
| Additions | 526 |
| Disposals | -543 |
| Reclassifications | 0 |
| as of 31 December | 18,961 |
| Depreciation and amortisation/impairment losses and reversals as of 1 January | 10,372 |
| Currency differences | 0 |
| Additions | 0 |
| Reversals of impairment losses | 3,518 |
| Disposals | 0 |
| as of 31 december | 13,890 |
| Carrying amount 1 January | 29,077 |
| Carrying amount 31 December | 32,851 |
The additions involve a capital increase in the case of Sechzehnte Alba Grundstücksgesellschaft mbH & Co. of €50 thousand, in which Deutsche EuroShop Verwaltungs GmbH has an interest.
Our Austrian real estate company, EKZ Eins Errichtungs- und Betriebs Ges.m.b.H. & Co OEG , Vienna, also acquired shares in EKZ Vier Errichtungs und Betriebs Ges. m.b.H., Vienna, for a purchase price of €21 thousand in July 2007.
The disposals include an equity repayment of the Polish property company, CASPIA Investments Sp. zo.o. to the shareholders of €543 thousand.
Sechzehnte Alba Grundstücksgesellschaft mbH & Co., EKZ Vier Errichtungs- und Betriebs Ges.m.b.H. and CASPIA Investments Sp. zo.o are not included in the consolidated financial statements for reasons of materiality.
Non-current financial assets contain investments that are not included in the consolidation but that are classified as available-for-sale in accordance with IAS 39 and recognised at their fair values. During the year under review, an impairment loss relating to Ilwro Joint Venture Sp. zo.o., Warsaw, was reversed in the amount of €3,518 thousand and recognised directly in equity. At the balance sheet date, the net carrying amount of the investment amounted to €28,092 thousand.
In addition, the ending balance contains the investment in City-Point Beteiligungs GmbH, Pöcking. The company’s activities are limited to acting as the general partner of City-Point Kassel KG, Pöcking. The net carrying amount is €13 thousand. The company has not been consolidated for reasons of materiality.