The fair value of investment property is determined on the basis of valuations performed by independent surveyors. A new survey will be obtained as of 30 September 2010, as there have been no indications of potential impairment in the meantime. The fair value corresponds to the amount for which an asset could be exchanged between informed parties willing to reach agreement at arm’s length on the balance sheet date. Rental income amounted to Euro 665 thousand in the financial year (previous year:
Euro 664 thousand). Direct operating expenses (excluding scheduled depreciation) amounted to Euro 115 thousand (previous year: Euro 65 thousand). There were no changes in the holdings of investment property compared with the previous year. The investment property relates to a retirement home in Solingen and a residential and office building let out in Köthen.