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As at December 31, 2018 Concorde Plc has three real estate objects: Object 1. Half of this property is used for administrative purposes of Concorde

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As at December 31, 2018 Concorde Plc has three real estate objects: Object 1. Half of this property is used for administrative purposes of Concorde Ple, the second half is leased to third parties. The initial cost of this property four years ago was 2 million and had a life of 50 years. In November 2018, a similar property was sold for Concorde Plc3.6 million. Object 2. The property is an office building that is leased to third parties. The office block is loaded at about 70% per year (average for last 5 years). Each office that is not rented out remains unused or from time to time Concorde Plc holds meetings in it. The current carrying amount of this property is 0.9 million. At 1 January and 31 December 2018, its fair value was 1.1 million and 1.5 million, respectively. Object 3. The property is leased to another company for production purposes. As at January 1, 2018, the fair value of this property was 6.3 million, and as of December 31, 2018, it decreased to 5.8 million. The management of Concorde Plc believes that such a decrease in value is temporary and that the value should rise next year, when prices in the real estate market rise. The management of Concorde Plc intends to apply the model of subsequent measurement at fair value in accordance with IAS 40 "Investment Property". Explain how each of the three objects should be reflected in the financials of Concorde Plc as at December 31, 2018 in accordance with IFRS

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