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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated income statement Impairment

7. Impairment

(in thousands of euros)

2013

2012

Intangible assets

Goodwill Villa Carmen B.V.

-

1,392

Assets under construction or development

Assets under construction for operating activities

349

-

Assets under construction for investment property

17,061

21,349

Total impairment losses

17,410

22,741

The impairment of 17.4 million euros in 2013 related to the write down in the value of land at Rotterdam The Hague Airport (6 million euros) and on land at Schiphol East of 11 million euros. In 2012 the impairment related to the real estate activities near Malpensa airport in Italy.