Financial overviews in accordance with INREV valuation principles

Statement of comprehensive income in accordance with INREV valuation principles

 All amounts in € thousands unless otherwise stated

 

As at 31 December  2014  2013
 IFRSAdjustmentINREVIFRSAdjustmentINREV
Gross rental income37,920 37,92037,784 37,784
Service charge income6,640 6,6408,188 8,188
Other income1,805 1,805807 807
Revenues46,365 46,36446,779 46,779
       
Service charge expenses(8,466) (8,466)(9,236) (9,236)
Property operating expenses(9,107) (9,107)(7,442) (7,442)
(17,573) (17,573)(16,678) (16,678)
Net rental income28,792 28,79230,101 30,101
       
Profit (loss) on sales of investment property-  - -  -
       
Positive fair value adjustment1,216 1,2163,437 3,437
Negative fair value adjustment(26,891)7,344(19,547)(32,116) (32,116)
Net valuation gain on investment property(25,675) (18,331)(28,679) (28,679)
       
Administrative expenses(2,526)(100)(2,626)(2,687)(100)(2,787)
Result before finance expense591(100)7,835(1,265)(100)(1,365)
       
Finance income21 215 5
Net finance expense21 215 5
       
Result before tax612 7,856(1,260) (1,360)
Income taxes- - - -
Net result612 7,856(1,260) (1,360)
       
Other comprehensive income for the year- - - -
Total comprehensive income for the year612 7,856(1,260) (1,360)
Net result attributable to shareholders- - - -
Total comprehensive income attributable to shareholders612 7,856(1,260) (1,360)
       
Earnings per share (€)      
Basic earnings per share3.01 38.61(6.29) (6.79)
Diluted earnings per share3.01 38.61(6.29) (6.79)
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