Triodos Bank sometimes repossesses assets which come from acquisition in public auctions. These assets are collaterals of an executed loan. A part of the repossessed assets however will not be sold immediately because Triodos Bank has opted to add value by letting these assets and are therefore presented as investment property.
The movement in the investment property is as follows:
Amounts in thousands of EUR | 2022 | 2021 |
|---|---|---|
Acquisition value as at 1 January | 10,463 | 12,788 |
Cumulative depreciation as at 1 January | -2,558 | -1,874 |
Balance sheet as at 1 January | 7,905 | 10,914 |
New foreclosed assets | 35 | - |
Sales | -1,037 | -1,874 |
Depreciation | -164 | -239 |
Impairments | - | -896 |
Balance sheet value as at 31 December | 6,739 | 7,905 |
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Purchase value as at 31 December | 8,699 | 10,463 |
Cumulative depreciation as at 31 December | -1,960 | -2,558 |
Balance sheet value as at 31 December | 6,739 | 7,905 |