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 income35,662 35,66237,620 37,620
Service charge income1,930 1,9301,982 1,982
Other income159 159207 207
Revenues37,751 37,75139,809 39,809
       
Service charge expenses(2,203) (2,203)(2,329) (2,329)
Property operating expenses(4,631) (4,631)(4,533) (4,533)
(6,834) (6,834)(6,862) (6,862)
Net rental income30,917 30,91732,947 32,947
       
Profit (loss) on sales of investment property(8,356) (8,356)694 694
       
Positive fair value adjustment32,719 32,71951,767 51,767
Negative fair value adjustment(40,846)1,263(39,583)(35,015)(241)(35,256)
Net valuation gain (loss) on investment property(8,127)1,263(6,864)16,752(241)16,511
       
Administrative expenses(3,254)(100)(3,354)(3,171)(100)(3,271)
Result before finance expense11,1801,16312,34347,222(341)46,881
       
Finance income5 54 4
Net finance expense5 54 4
       
Result of participation-  - -  -
       
Result before tax11,1851,16312,34847,226(341)46,885
Income taxes- - (77) (77)
Net result11,185 12,34847,149 46,808
       
Other comprehensive income for the year- - - -
Total comprehensive income for the year11,185 12,34847,149 46,808
   
Net result attributable to shareholders11,185 12,34847,149 46,808
Total comprehensive income attributable to shareholders11,185 12,34847,149 46,808
       
Earnings per share (€)      
Basic earnings per share46.76 51.62203.15 201.68
Diluted earnings per share46.76 51.62203.15 201.68
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