National Asset Management Agency - Annual Report 2013

Lease rental income 54 -
Write-down of trading properties (2,914) -
Total other income / (expenses) (2,860) -

Lease rental income is earned from the lease of residential properties to approved housing bodies for social housing purposes. It is accounted for on a straight line basis over the lease term, in accordance with accounting policy 2.28.

As at 31 December 2013, trading properties have been written down to net realisable value and the amount of the write down of €2.9m is recognised as an expense, in accordance with accounting policy 2.16.