12.
Investment property
| As at Dec 31 2014 | As at Dec 31 2013 | |
|---|---|---|
| Net carrying amount at beginning of the period, net of accumulated depreciation and impairment losses | 9 | 11 |
| Transfer from/to property, plant and equipment | - | (1) |
| Depreciation expense for the reporting period | - | (1) |
| Net carrying amount at end of the period, net of accumulated depreciation and impairment losses | 9 | 9 |
| At beginning of period | ||
| Gross carrying amount | 13 | 15 |
| Accumulated depreciation and impairment losses | (4) | (4) |
| Net carrying amount at beginning of the period | 9 | 11 |
| At end of the period | ||
| Gross carrying amount | 13 | 13 |
| Accumulated amortisation and impairment losses | (4) | (4) |
| Net carrying amount at end of the period | 9 | 9 |
The Group’s investment property includes office buildings held in whole or in part for rent. As at the end of the reporting period, the net carrying amount of the office buildings recognised as investment property was PLN 9m (also PLN 9m at the end of 2013).
In the reporting period, the Group derived PLN 13m of rental income from investment property (2013: PLN 3m).
Operating expenses incurred in connection with the rental of investment property were PLN 9m in the reporting period (2013: PLN 2m).
As investment property is not a material item in the statement of financial position, the Group does not measure its fair value.