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Statement of comprehensive income in accordance with INREV valuation principles

All amounts in € thousands, unless otherwise stated

As at 31 December

  

2015

   

2014

 

IFRS

Adjustment

INREV

 

IFRS

Adjustment

INREV

Gross rental income

162,614

-

162,614

 

156,049

-

156,049

Service charge income

4,057

-

4,057

 

4,038

-

4,038

Other income

600

-

600

 

671

-

671

Revenues

167,271

-

167,271

 

160,758

-

160,758

        

Service charge expenses

(4,451)

-

(4,451)

 

(4,560)

-

(4,560)

Property operating expenses

(41,014)

-

(41,014)

 

(40,922)

-

(40,922)

 

(45,465)

-

(45,465)

 

(45,482)

-

(45,482)

Net rental income

121,806

-

121,806

 

115,276

-

115,276

        

Profit (loss) on sales of investment property

280

-

280

 

(869)

-

(869)

        

Positive fair value adjustment

241,261

-

241,261

 

49,661

-

49,661

Negative fair value adjustment

(923)

-

(923)

 

(17,090)

-

(17,090)

Net valuation gain (loss) on investment property

240,338

-

240,338

 

32,571

-

32,571

        

Administrative expenses

(14,949)

-

(14,949)

 

(13,865)

(600)

(14,465)

Result before finance expense

347,475

-

347,475

 

133,113

(600)

132,513

        

Finance income

-

-

-

 

41

-

41

Net finance expense

-

-

-

 

41

-

41

Result before tax

347,475

-

347,475

 

133,154

(600)

132,554

Income taxes

-

-

-

 

-

 

-

Net result

347,475

-

347,475

 

133,154

(600)

132,554

        

Other comprehensive income for the year

-

-

-

 

-

-

-

Total comprehensive income for the year

347,475

-

347,475

 

133,154

(600)

132,554

Net result attributable to shareholders

347,475

-

347,475

 

133,154

(600)

132,554

Total comprehensive income attributable to shareholders

347,475

-

347,475

 

133,154

(600)

132,554

        

Earnings per share (€)

       

Basic earnings per share

319.75

-

319.75

 

128.47

(0.58)

127.89

Diluted earnings per share

319.75

-

319.75

 

128.47

(0.58)

127.89

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