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
 IFRSAdjustmentINREV IFRSAdjustmentINREV
Gross rental income156,049 156,049 152,233 152,233
Service charge income4,038 4,038 2,799 2,799
Other income671 671 656 656
Revenues160,758 160,758 155,688 155,688
        
Service charge expenses(4,560) (4,560) (3,502) (3,502)
Property operating expenses(40,922) (40,922) (42,751) (42,751)
Other expenses-  -  -  -
(45,482) (45,482) (46,253) (46,253)
Net rental income115,276 115,276 109,435 109,435
        
Profit (loss) on sales of investment property(869) (869) (3,665) (3,665)
        
Positive fair value adjustment49,661 49,661 11,003 11,003
Negative fair value adjustment(17,090) (17,090) (103,881) (103,881)
Net valuation gain (loss) on investment property32,571 32,571 (92,878) (92,878)
        
Administrative expenses(13,865)(600)(14,465) (13,839)(600)(14,439)
Result before finance expense133,113 132,513 (947) (1,547)
        
Finance income41 41 6 6
Net finance expense41 41 6 6
Result before tax133,154 132,554 (941) (1,541)
Income taxes-  -  -  -
Net result133,154 132,554 (941) (1,541)
        
Other comprehensive income for the year- -  - -
Total comprehensive income for the year133,154 132,554 (941) (1,541)
Net result attributable to shareholders133,154 132,554 (941) (1,541)
Total comprehensive income attributable to shareholders133,154 132,554 (941) (1,541)
        
Earnings per share (€)       
Basic earnings per share128.47 127.89 (0.93) (1.32)
Diluted earnings per share128.47 127.89 (0.93) (1.32)
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