Asset Buyout Partners Annual Report 2019

Note 8 Investment property The table below specifies the changes in the carrying amount of investment property. Information on acquisitions performed are specified in note 7. Figures in NOK 2019 2018 Fair value 1.1 previous period 7 065 500 000 2 561 400 000 - Change in accounting principle IFRS 16 (see note 2) 26 353 054 - Fair value 1.1 7 091 853 054 2 561 400 000 Additions: - Upgrades of investment properties 54 577 647 20 505 503 - Purchase of investment properties 607 491 416 3 531 219 706 - Net change in adjustments of fair value 691 521 570 952 374 791 - Additions of right-of-use assets 2 326 314 - Fair value 31.12 8 447 770 000 7 065 500 000 Profit and loss relating to investment property Figures in NOK 2019 2018 Income from rents 524 664 888 409 520 541 Expenses related to property generating rental income -35 928 749 -26 734 700 Net rental income 488 736 139 382 785 841 Rent income from purchased property is included from the transaction date. For details on annual rent income see note 15. Overview over input used for valuation at 31 December 2019 2018 Properties (#) 98 91 Properties (square meters) 244 k 210 k Land (square meters) 1 750 k 1 700 k Undeveloped land (square meters) 515 k 479 k Tank farms (#) 37 32 Quay (meters) 750 750 Fair value as of 31.12 (NOK million) 8 448 7 066 WALT (yrs) 9,8 10,9 Weighted CPI adjustment (%) 82 % 80 % Actual vacancy (%) 0,1 % 0,2 % Asset Buyout Partners | Annual Report 2019 32