Tangible assets

The main changes occurred in the period and the fair value of the properties used for own activity by the Parent Company and its subsidiaries to run the activity are shown in the table below.

(€ million) 31.12.2011 31.12.2010
Gross bookvalue as at 31 December previous year 4,164.2 4,131.8
Accumulated depreciation and impairment as at 31 December previous year -952.5 -903.3
Carrying amount as at 31 December previous year 3,211.7 3,228.4
Foreign currency translation effects 7.3 81.9
Increases 65.5 94.2
Capitalized ex penses 64.9 13.6
Changes in consolidation scope -7.8 0.2
Reclassifications -204.2 -95.6
Decreases -13.7 -60.0
Depreciation of the period -51.9 -49.4
Net impairment loss of the period -0.3 -1.6
Carrying amount as at the end of the period 3,071.6 3,211.7
Accumulated depreciation and impairment as at the end of the period 953.7 952.5
Gross bookvalue as at the end of the period 4,025.3 4,164.2
Fair value 3,542.4 3,760.4

The fair value of land and buildings (self used) at the end of the reporting period was mainly based on external appraisals.

Other tangible assets

The other tangible assets, mainly consisting of furniture, fittings and office equipment, amounted to € 1,834.8 million (€ 584.5 million at 31 December 2010).

The increase recorded was attributable to the inventory (property inventory), which amounted to € 1,278.4 million, as a result of the entry in the consolidation scope of Citylife effective from 1st July 2011 following the acquisition of the company control.