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Notes to the balance sheet
Note 12. Intangible assets
€ million 2015 2014
Intangible assets
Acquisition cost as at 1 January 24.6 39.1
Increases 2.6 8.3
Decreases -0.2 -24.0
Transfers between items 2.6 1.2
Acquisition cost as at 31 December 29.7 24.6
Accumulated depreciation as at 1 January -7.8 -28.4
Accumulated depreciation on decreases and transfers 0.1 23.9
Depreciation and amortisations for the financial year -8.9 -3.3
Accumulated depreciation as at 31 December -16.7 -7.8
Book value as at 31 December 13.0 16.8
Prepayments
Acquisition cost as at 1 January 3.6 4.0
Increases 0.7 3.0
Decreases -0.4 -2.3
Transfers between items -2.6 -1.2
Acquisition cost as at 31 December 1.3 3.6
Book value as at 31 December 1.3 3.6
Note 13. Tangible assets
€ million 2015 2014
Land and waters
Acquisition cost as at 1 January 93.4 93.4
Increases 1.5 0.0
Decreases -17.0 -
Acquisition cost as at 31 December 77.9 93.4
Book value as at 31 December 77.9 93.4
Buildings
Acquisition cost as at 1 January 365.8 394.2
Increases 0.9 3.0
Decreases -104.7 -31.4
Transfers between items 0.1 0.0
Acquisition cost as at 31 December 262.1 365.8
Accumulated depreciation as at 1 January -178.2 -195.4
Accumulated depreciation on decreases and transfers 48.4 31.4
Depreciation for the financial year -11.2 -14.2
Accumulated depreciation as at 31 December -141.1 -178.2
Book value as at 31 December 121.0 187.6
Machinery and equipment
Acquisition cost as at 1 January 15.6 17.2
Increases 0.2 0.5
Decreases -4.1 -2.1
Transfers between items - 0.0
Acquisition cost as at 31 December 11.8 15.6
Accumulated depreciation as at 1 January -13.0 -14.3
Accumulated depreciation on decreases and transfers 3.2 2.1
Depreciation for the financial year -0.5 -0.8
Accumulated depreciation as at 31 December -10.3 -13.0
Book value as at 31 December 1.5 2.6
Other tangible assets
Acquisition cost as at 1 January 8.1 14.0
Increases 0.0 0.1
Decreases -5.2 -6.0
Transfers between items 0.0 0.0
Acquisition cost as at 31 December 3.0 8.1
Accumulated depreciation as at 1 January -4.4 -9.6
Accumulated depreciation on decreases and transfers 2.7 6.0
Depreciation for the financial year -0.5 -0.8
Accumulated depreciation as at 31 December -2.3 -4.4
Book value as at 31 December 0.7 3.7
Prepayments and construction in progress
Acquisition cost as at 1 January 0.5 0.3
Increases 3.5 0.2
Decreases 0.0 -
Transfers between items -0.1 0.0
Acquisition cost as at 31 December 3.9 0.5
Book value as at 31 December 3.9 0.5
Note 14. Investments
€ million 2015 2014
Investments in subsidiaries
Acquisition cost as at 1 January 309.9 304.1
Increases 7.6 6.0
Decreases -72.9 -0.1
Acquisition cost as at 31 December 244.7 309.9
Impairment as at 1 January -55.9 -34.9
Accumulated impairments on decreases 28.1 -
Impairment for the period -26.5 -21.0
Impairment as at 31 December -54.3 -55.9
Book value as at 31 December 190.4 254.0
Investments in associates
Acquisition cost as at 1 January 76.7 76.7
Increases 11.0 -
Returned equity -9.4 -
Book value as at 31 December 78.3 76.7
Other investments
Acquisition cost as at 1 January 9.5 10.2
Increases 2.7 0.0
Decreases -1.8 -0.7
Acquisition cost as at 31 December 10.4 9.5
Book value as at 31 December 10.4 9.5
An analysis of Kesko Corporation's ownership interests in other companies as at 31 December 2015 is presented in the notes to the consolidated financial statements.