Originally Posted by
Champion
Hi All, this is my first time posting on this forum and I am an absolute beginner as an investor in share (and businesses). First of all, thank you for all the information and sharing of your knowledge here, it has been great reading the posts on this forum.
I am learning to read the annual reports. I noticed that in the OCA report, it has something like 'Change in fair value of investment property' as one of the income, and it was like 34m in 2017 and 1.6m in 2018. May I ask what it is actually? Is it just based on valuation of the property, and not actual cash income? Is this specific to business related to property investment? I guess if this is the case and the income is not realised until things are sold, so it is just income on paper?
Apology for asking such basic questions. Thanks for your help!