F.23. Expenses from other financial instruments and investment properties
| (CZK million) | 2015 | 2014 re-presented |
|---|---|---|
| Interest expense | 1,205 | 1,352 |
| Interest expense on loans, bonds and other payables | 1,195 | 1,341 |
of which: Interest expenses on financial liabilities at amortised cost related to investment contracts | 1,128 | 1,263 |
| Interest expense on deposits received from reinsurers | 10 | 11 |
| Other expenses | 173 | 62 |
| Expenses from investment properties | 173 | 62 |
| Realized losses | 235 | 359 |
| Realized losses on available-for-sale financial assets | 220 | 359 |
| Realized losses on other receivables | 15 | – |
| Unrealized losses | 42 | 15 |
| Unrealized losses on hedged instruments | 42 | 15 |
| Impairment losses | 402 | 234 |
| Impairment of investment properties | 12 | – |
| Impairment of loans and receivables | 52 | 87 |
| Impairment of available-for-sale financial assets | 338 | 141 |
| Impairment of other receivables | – | 6 |
| Total | 2,057 | 2,022 |
Expenses arising from investment property that generated rental income amounted to CZK 13 million (2014: CZK 11 million) and consist mainly of maintenance, repairs and other services.
Expenses arising from investment property that did not generate rental income amounted to CZK 50 million (2014: CZK 48 million) and consist mainly of utilities, management fees and other administration expenses.
Unrealized losses from the revaluation of investment property in the amount of CZK 110 million (2014: CZK 3 million) are the remaining part of expenses arising from investment property.
In order to provide additional information about expenses related to investment properties, the Group management decided to disclose separately the expenses related to utilities and other services charged to tenants. Expenses from service charges in the amount of CZK 120 million were previously reported under the line Expenses from investment properties. These expenses are currently reported in Other expenses – Expenses from service and assistance activities and charges incurred on behalf of third parties.
Of which relates to the Transformed fund:
| (CZK million) | 2015 | 2014 |
|---|---|---|
| Interest expense | 1,128 | 1,263 |
| Interest expense on loans, bonds and other payables | 1,128 | 1,263 |
of which Interest expenses on financial liabilities at amortised cost related to investment contracts | 1,128 | 1,263 |
| Realized losses | 75 | 47 |
| Realized losses on available-for-sale financial assets | 75 | 47 |
| Impairment losses | – | 6 |
| Impairment of available-for-sale financial assets | – | 6 |
| Total | 1,203 | 1,316 |