24. Investment property

Investment property in the Nordzucker Group mainly consists of flats and land not required for operating purposes.

In the reporting period, rental income of EUR 125 thousand (previous year: EUR 133 thousand) was generated, offset by expenses of EUR 217 thousand (previous year: EUR 171 thousand). There were also expenses of EUR 8 thousand (previous year: EUR 9 thousand) for which there was no corresponding rental income.

The fair value of the property is EUR 7,466 thousand as of the reporting date (previous year: EUR 9,502 thousand). Fair value was determined on the basis of internal estimates using comparable properties.

No subsequent acquisition costs were capitalised in the reporting period or in the comparative period.