33. Investment property

Investment property 31 December 2015 31 December 2014
Own land 116,710 177,791
Land perpetual usufruct right 24,197 39,557
Buildings and structures 1,029,798 2,017,141
Cooperative ownership of premises 1,016 1,573
Total investment property 1,171,721 2,236,062
 
Change in investment property 1 January - 31 December 2015 1 January - 31 December 2014
Carrying amount – opening balance 2,236,062 1,474,770
Increases (due to): 308,167 722,477
- purchase 270,273 668,524
- change in group composition - 3,481
- reclassifications to real property used for internal purposes 36,139 50,472
- reclassification from assets held for sale according to IFRS 5 1,755 -
Decreases (due to): (1,460,445) (53,192)
- sale and liquidation (3,506) (16,000)
- reclassifications to real property used for internal purposes (74,662) (15,419)
- reclassification to held for sale according to IFRS 5 (1,382,277) (21,773)
Profit (loss) on fair value remeasurements 88,627 92,889
- recognized in profit or loss 79,907 76,215
- recognized in other comprehensive income 8,720 16,674
Exchange differences (690) (882)
Net book value – closing balance 1,171,721 2,236,062

The item "Land perpetual usufruct" contains a right to use a land for up to 99 years. Land perpetual usufruct can be subject of sale.

"Reclassifications from property for internal purposes" present the carrying amount of property (historical cost less accumulated depreciation and impairment losses) as at the reclassification (change of use) date.

The fair value of investment property results from valuations by independent appraisers conducted mainly in 2015.