UNIQA Group Report 2015 - 9. Investment property

Acquisition costs In € thousand	Total
As at 1 January 2014	2,217,125
Currency translation	–31,789
Change in consolidation scope	9,574
Additions	39,561
Disposals	–134,093
Reclassifications	8,872
As at 31 December 2014	2,109,251
As at 1 January 2015	2,109,251
Currency translation	–10,513
Change in consolidation scope	6,984
Additions	21,030
Disposals	–111,671
Reclassifications	5,197
As at 31 December 2015	2,020,279

Accumulated amortisation and impairment losses In € thousand	Total
As at 1 January 2014	–564,640
Currency translation	8,663
Change in consolidation scope	–97
Additions from amortisation	–45,783
Additions from impairment	–33,282
Disposals	31,632
Reclassifications	–1,299
Reversal of impairment	38
As at 31 December 2014	–604,769
As at 1 January 2015	–604,769
Currency translation	4,036
Change in consolidation scope	0
Additions from amortisation	–57,590
Additions from impairment	–9,038
Disposals	40,911
Reclassifications	–1,108
Reversal of impairment	–132
As at 31 December 2015	–627,689

Carrying amounts In € thousand	Total
As at 1 January 2014	1,652,485
As at 31 December 2014	1,504,483
As at 31 December 2015	1,392,590

The fair values of the investment property are derived from expert reports.

Fair values In € thousand	Property and casualty insurance	Health insurance	Life insurance	Total
As at 31 December 2014	384,130	497,845	1,354,047	2,236,021
As at 31 December 2015	383,185	511,614	1,290,594	2,185,392

The fair values of the investment property were reduced based on a reassessment of the development of future rental charges and the expected vacancy rate as well as an increase in the discount rate. This affected one property in Austria and five properties abroad, resulting in impairments in the amount of € 9,038 thousand on the investment property. The impairments relate exclusively to the Group functions segment. The recoverable amount of the impaired land and buildings amounts to € 25,589 thousand and reflects the fair value. Reference is made to the statements in the section “Use of discretionary decisions and estimates for a description of the measurement procedures applied”.