139 / 220
Consolidated global result (income statement)
(x €1,000)
Notes
2013
2012
A. NET RESULT
Rents
5
197,455
192,280
Cost of rent-free periods
5
-2,479
-1,673
Client incentives
5
-631
-803
Indemnities for early termination of leases
5
846
12,620
Writeback of lease payments sold and discounted
5
25,276
22,994
Rental-related expenses
5
-6
-67
Net rental income
4, 5
220,461
225,351
Recovery of property charges
6
101
756
Recovery income of charges and taxes normally payable by the tenant on let properties
7
48,826
41,581
Costs payable by the tenant and borne by the landlord on rental damage and
refurbishment at end of lease
6
-1,277
-1,766
Rental charges and taxes normally payable by the tenant on let properties
7
-51,202
-43,549
Property result
216,909
222,373
Technical costs
8
-5,114
-6,243
Commercial costs
9
-956
-1,091
Taxes and charges on unlet properties
-4,075
-3,826
Property management costs
10
-14,258
-15,011
Property charges
-24,403
-26,171
Property operating result
192,506
196,202
Corporate management costs
10
-6,887
-7,363
Operating result before result on the portfolio
185,619
188,839
Gains or losses on disposals of investment properties and other non-financial assets
4, 11
147
1,414
Changes in the fair value of investment properties
4, 12, 21
-26,260
12,197
Other result on the portfolio
4, 13
-22,683
-11,442
Operating result
136,823
191,008
Financial income
14
5,723
5,559
Net interest charges
15
-66,043
-64,208
Other financial charges
16
-929
-884
Changes in the fair value of financial assets and liabilities
17
-13,686
-24,344
Financial result
-74,935
-83,877
Share in the result of associated companies and joint ventures
1,537
433
Pre-tax result
63,425
107,564
Corporate tax
18
-2,179
-4,273
Exit tax
18
618
-596
Taxes
-1,561
-4,869
Net result
61,864
102,695
Minority interests
42
-3,127
-4,623
NET RESULT – GROUP SHARE
31
58,737
98,072
NET CURRENT RESULT – GROUP SHARE
1
31
104,924
97,486
RESULT ON THE PORTFOLIO – GROUP SHARE
2
31
-46,187
586
1
The net current result – Group share corresponds to the net result excluding “Gains or losses on disposals of investment properties and other non-financial assets”, “Changes in the
fair value of investment properties”, “Other result on the portfolio”, as well as “Exit tax” minus (-) “Share in result of associated companies and joint ventures” related to the result on the
portfolio and minus (-) “Minority interests” on these five elements.
2.
The result on the portfolio – Group share corresponds to the “Gains or losses on disposals of investment properties and other non-financial assets”, “Changes in the fair value of
investment properties”, “Other result on the portfolio”, as well as “Exit tax” minus (-) “Share in result of associated companies and joint ventures” related to the result on the portfolio and
minus (-) “Minority interests” on these five elements.
CONSOLIDATED
ACCOUNTS
\ 133
Consolidated Accounts
\ Annual Accounts