Wacker Chemie AG owns real estate at its production site in Cologne, Germany. This is comprised of land and infrastructural facilities (such as for energy and waste water). The land is rented out or leased on the basis of long-term agreements. There are no finance leases. These properties and the infrastructure in Cologne are operated, maintained and looked after by third parties who charge any costs incurred directly to the tenants or leaseholders.
The rent and lease income is included in the following schedule.
| download table |
€ million |
2011 |
2010 |
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Fair value |
13.8 |
13.8 |
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Income from rent/operating leases |
0.8 |
0.8 |
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Costs |
-0.2 |
-0.2 |
The fair value is based on an external expert opinion and is updated regularly. It was last updated in 2010.