Statement of financial position in accordance with INREV valuation principles

Before appropriation of result, all amounts in € thousands


As at 31 December	2014			2013
	IFRS	Adjustment	INREV	IFRS	Adjustment	INREV
Assets
Non-current assets
Investment property	2,561,354		2,561,354	2,535,854		2,535,854
Investment property under construction	65,896		65,896	57,213		57,213
Other non-current receivables	-		-	-		-
	2,627,250		2,627,250	2,593,067		2,593,067
Current assets
Trade and other current receivables	2,359		2,359	3,456	600	4,056
Cash and cash equivalents	98,116		98,116	12,481		12,481
	100,475		100,475	15,937	600	16,537

Total assets	2,727,725		2,727,725	2,609,004	600	2,609,604

Equity and liabilities
Equity attributable to the owners of the Fund
Total equity	2,715,283		2,715,283	2,599,612	600	2,600,212

Current liabilities
Trade and other payables	5,834		5,834	4,753		4,753
Rent invoiced in advance	1,935		1,935	1,107		1,107
Tenant deposits	4,673		4,673	3,532		3,532
Total liabilities	12,442		12,442	9,392		9,392
Total equity and liabilities	2,727,725		2,727,725	2,609,004	600	2,609,604

Financial overviews in accordance with INREV valuation principles