4. Non-current financial assets

Finanzanlagen

in € thousand 2011 2010
Costs as at 1 January 15,381 15,381
as at 31 December 15,381 15,381
     
Amortisation/impairment losses and reversals as at 1 January 8,504 9,374
Reversals of impairment losses 3,930 0
Write-downs 0 -870
as at 31 December 12,434 8,504
     
Carrying amount at 1 January 23,885 24,755
Carrying amount at 31 December 27,815 23,885

During the reporting year, a reversal of impairment losses, recognised directly in equity, on the stake in Ilwro Joint Venture Sp. z o.o., Warsaw, was made, in the amount of € 3,930 thousand, taking the carrying amount of the participation to € 27,815 thousand on the reporting date.

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