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Company Accounts
\ Annual Accounts
Global result
(income statement) (abbreviated format)
(x€1,000)
2013
2012
A. NET RESULT
Rental income
124,654
136,353
Writeback of lease payments sold and discounted
25,276
22,994
Rental-related expenses
-293
-296
Net rental income
149,637
159,051
Recovery of property charges
101
756
Recovery income of charges and taxes normally payable
by the tenant on let properties
13,357
14,753
Costs payable by tenants and borne by the landlord on rental damage
and refurbishment at end of lease
-1,277
-1,765
Charges and taxes normally payable by the tenant on let properties
-15,225
-16,294
Property result
146,593
156,501
Technical costs
-3,595
-4,392
Commercial costs
-846
-977
Taxes and charges on unlet properties
-3,984
-3,758
Property management costs
-11,384
-11,226
Other property charges
-16
-1
Property charges
-19,825
-20,354
Property operating result
126,768
136,147
Corporate management costs
-6,367
-6,836
Operating result before result on the portfolio
120,401
129,311
Gains or losses on disposals of investment properties and other non-financial assets
-8,144
1,831
Changes in the fair value of investment properties
-28,205
-21,891
Other result on the portfolio
77
-1,422
Operating result
84,129
107,829
Financial income
29,774
18,981
Net interest charges
-56,073
-54,780
Other financial charges
-2,085
-2,737
Changes in the fair value of financial assets and liabilities
856
28,915
Financial result
-27,528
-9,621
Pre-tax result
56,601
98,208
Corporate tax
579
-2,173
Exit tax
Taxes
579
-2,173
NET RESULT OF THE PERIOD
57,180
96,035
B. OTHER ELEMENTS OF THE GLOBAL RESULT
Impact on the fair value of the estimated transaction costs and transfer duties resulting from the hypothetical disposal
of investment properties
501
830
Changes in the effective part of the fair value of authorised cash flow hedging instruments
57,288
-50,374
OTHER ELEMENTS OF THE GLOBAL RESULT
57,789
-49,544
C. GLOBAL RESULT
114,969
46,491
COMPANY ACCOUNTS