7.c. INVESTMENT PROPERTY

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Investment property declined from € 19,259 thousand at December 31 2007 to € 18,687 thousand at December 31 2008. The value recorded in the balance sheet is substantially its market value.

DEPRECIATION RATES

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LEASING

The position of assets under leasing as of December 31 2008 and of restrictions applied to tangible assets on account of guarantees and commitments is as follows:

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The increase in "Restrictions for guarantees and commitments" under the item "Buildings" refers to collateralized loans made to the HSS group.