![](/en/wp-content/uploads/sites/2/2023/08/Web1921-6.jpg)
10. Investment property
ACCOUNTING POLICIES
Investment property
Investment property is measured on initial recognition at purchase price or cost to manufacture, including transaction costs. If an investment property has been purchased, the purchase price consists of the purchase price plus any costs directly related to the purchase transaction, such as legal fees and real estate transfer tax.
Investment property in the PGE Group companies comprises mainly buildings located in the entity’s locations, leased fully or partially to third parties. Fair value of investment property is not significantly different than valuation determined under the historical cost convention in light of the materiality related to the consolidated financial statements.
The Group did not incur any expenditure on investment properties in the current period. Depreciation costs amounted to PLN 2 million.