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39.2 Quantitative data

Annual Report 2018 > RESULTS 2018 > Supplementary Information and Notes > 39. Assets held for sale > 39.2 Quantitative data
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Assets held for sale by classification before transfer 31 December 2018 31 December 2017
Groups held for sale 1,021 113
Assets 1,070 116
Investment property 973 90
Receivables 12 1
Deferred tax assets 5 6
Cash and cash equivalents 76 17
Other assets 4 2
Liabilities related directly to assets classified as held for sale 49 3
Deferred tax liability 27 -
Other liabilities 22 3
Other assets held for sale 77 201
Property, plant and equipment 34 104
Investment property 43 97
Assets and groups of assets held for sale 1,147 317
Liabilities related directly to assets classified as held for sale 49 3

The “Investment property” line item and the “Groups held for sale” section presented mainly the properties held by real estate sector mutual funds as held for sale, since the expected investment horizon has been reached.

The table below contains the list of the largest real properties designated for sale along with important parameters which were taken into consideration in valuation.

All the real properties listed in the following table were valuated by the income approach using the investment method and the straight capitalization technique. That valuation employed unobservable input data such as:

  • capitalization rate – determined through analysis of rates of return obtained in transactions for similar real properties;
  • monthly rental rate per m2 of relevant space or per parking space (rental rates for individual properties are presented in the table below).

Investment property classified as Level III  Type of space  31 December 2018 31 December 2017
Carrying amount Rental fees included in the measurement Capitalization rates included in the measurement Carrying amount Rental fees included in the measurement Capitalization rates included in the measurement
Office properties Office Parking lot 44 12.90 – 14.45 EUR 79.85 – 80.00 EUR 6.40% 37 14.00 – 16.00 EUR 75 – 100 EUR 6.70%
Commercial properties Commercial 179 depending on size of leased space 7.40% – 8.80% - - -
Warehousing properties Office Warehouse 750 2.65 – 9.00 EUR 2.42 – 4.16 EUR 6.50% – 7.55% 92 EUR 6.50 – 9.00 2.80 – 3.50 EUR 7.10% – 7.65%
Other   43     58    
Total   1,016     187    
     

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