Investment property is maintained in order to generate rental income, for capital appreciation or for both. For measuring investment property after the initial recognition, the Group selected the acquisition cost model.
Investments in property are depreciated according to the straight-line method. Depreciation begins in the month of its commissioning. The estimated useful life period is as follows:
Buildings 25 – 33 years
Revenue from lease of investment property is recognized in the profit or loss according to the straight-line method over the term of the lease.