14. Investment Property

PLN ‘000 Dec 31 2008 Dec 31 2007
(audited) (audited)
Gross value at beginning of period 4,387 6,887
Increase, including: 6,953 -
- transfer from property, plant and equipment 6,953(1) -
Decrease, including: (4,555) (2,500)
- sale (4,555)(1) (2,500)
Gross value at end of period 6,785 4,387
Impairment losses at beginning of period 942 1,314
Increase 945 -
Decrease - (372)
Impairment losses at end of period 1,887 942
Net value at beginning of period 3,445 5,573
Net value at end of period 4,898 3,445

(1) Including the value of investments in real property, comprising buildings with office and amenity space and production floors with the related infrastructure.

As at December 31st 2008, investment property, including investments in land, perpetual usufruct of land, buildings and structures, included also property which the Company does not use for its own purposes but which generate benefits in the form of value appreciation or rent income.