Statement of comprehensive income

Note

2015

2014

Gross rental income

6

41,999

37,920

Service charge income

6

7,814

6,640

Other income

704

1,805

Revenues

50,517

46,365

Service charge expenses

(10,601)

(8,466)

Property operating expenses

7

(13,063)

(9,107)

(23,664)

(17,573)

Net rental income

26,853

28,792

Profit (loss) on sales of investment property

535

-

Positive fair value adjustment investment property

12

8,664

1,216

Negative fair value adjustment investment property

12

(29,275)

(26,414)

Fair value adjustments on investment property under construction

13

477

(477)

Net valuation gain (loss) on investment property

(20,134)

(25,675)

Administrative expenses

8

(3,221)

(2,526)

Result before finance result

4,033

591

Finance income

9

1

21

Net finance result

1

21

Result before tax

4,034

612

Income taxes

10

-

-

Result for the year

4,034

612

Items that will not be reclassified subsequently to comprehensive income

-

-

Items that may be reclassified subsequently to comprehensive income

-

-

Total comprehensive income for the year, net of tax

4,034

612

Net result attributable to shareholders

4,034

612

Total comprehensive income attributable to shareholders

4,034

612

Distributable result

19

23,633

26,287

Pay-out ratio

19

100%

100%