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ANNUAL ACCOUNTS
Annual accounts
Consolidated accounts
137
Consolidated global result (income statement)
137
Consolidated financial position (balance sheet)
139
Consolidated cash flow statement
140
Consolidated statement of changes in shareholders’ equity
141
Detail of the reserves
142
Notes to the consolidated accounts
144
Note1.
General information
144
Note2.
Significant accounting methods
144
Note3.
Management of operational risk
150
Note4.
Acquisitions of subsidiaries
151
Note5.
Sector information
152
Note6.
Rental income and rental-related expenses
154
Note7.
Net redecoration expenses
155
Note8.
Charges and taxes not recovered from the tenant on let properties
155
Note9.
Technical costs
155
Note10.
Commercial costs
155
Note11.
Management costs
156
Note12.
Gains or losses on disposals of investment properties and other non-financial assets
157
Note13.
Changes in the fair value of investment properties
158
Note14.
Other result on the portfolio
158
Note15.
Financial income
158
Note16.
Net interest charges
158
Note17.
Other financial charges
159
Note18.
Changes in the fair value of financial assets and liabilities
159
Note19.
Corporate tax and exit tax
159
Note20.
Goodwill
160
Note21.
Investment properties
161
Note22.
Breakdown of the changes in the fair value of investment properties
168
Note23.
Intangible assets and other tangible assets
168
Note24.
Financial instruments
169
Note25.
Finance lease receivables
176
Note26.
Assets held for sale
177
Note27.
Current trade receivables
177
Note28.
Tax receivables and other current assets
178
Note29.
Deferred charges and accrued income
178
Note30.
Share capital and share premiums
178
Note31.
Reserves
180
Note32.
Result per share
180
Note33.
Dividend per share
181
Note34.
Provisions
181
Note35.
Deferred taxes
181
Note36.
Trade debts and other current debts
182
Note37.
Accrued charges and deferred income
182
Note38.
Non-cash charges and income
182
Note39.
Changes in working capital requirements
183
Note40.
Evolution of the portfolio per segment during the financial year
183
Note41.
Contingent rights and liabilities
185
Note42.
Investment commitments
186
Note43.
Consolidation criteria and scope
186
Note44.
Payments based on shares
193
Note45.
Average number of people linked by an employment contract or by a permanent service contract
194
Note46.
Related-party transactions
194
Note47.
Events after the closing
194
Statutory auditor’s report
195
Company accounts
197
136