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Annual Statements

Financial reporting

Price winner 2012 in the category non-listed

Home Annual Statements Financial Statements 2012 Notes to the consolidated financial statements Notes to the consolidated income statement Impairment

7. Impairment

(in thousands of euros)

2012

2011

Intangible assets

Goodwill Villa Carmen B.V.

1,392

-

Assets under construction or development

Assets under construction for operating activities

21,349

1,000

Current assets

Assets held for sale

-

473

Total impairment losses

22,741

1,473

The impairment of EUR 22.7 million related to the write down in the value of real estate activities near Malpensa airport in Italy. The carrying amount of land at and around the Amsterdam Airport Schiphol location was written down by EUR 1.5 million in 2011.