25. Assets held for sale
|end of 2014||end of 2013|
|Property, plant and equipment held for sale||35.5||35.3|
|Shares in the associated entities held for sale||109.4||0.0|
|Value at the beginning of period||35.3||33.0|
|Additions, due to:||129.5||8.6|
|- reclassification from investments in associated entities recognised under equity method||109.4||0.0|
|- reclassification from property, plant and equipment||20.0||8.5|
|Disposals, due to:||-18.8||-1.3|
|Revaluation at the fair value||-1.1||-5.0|
|Value at the end of period||144.9||35.3|
As at 31 Dec 2014, the amount of Property, plant and equipment held for sale included:
- 14 real properties (buildings together with land), which were reclassified from Property, plant and equipment. The real properties are available to be immediately sold in their current condition. The Group intends to sell the above mentioned real properties using services of a specialized company that searches for potential buyers with the use of various, available sources (advertisements, direct mailing, contact with other real property agencies, etc.). The real property should be sold within 12 months from the reclassification day.
- Assets acquired from debt collection including real properties (buildings and land) and means of transport. The Group intends to sell the said assets by using available ways of selling, inclusive of among others: tender procedure.
In connection with the announced intention to sell shares in an associate entity ING Powszechne Towarzystwo Emerytalne S.A. in its consolidated financial statements as at 31 December 2014, the Group reclassified the shares from investments in associated entities recognised under the equity method to assets held for sale.