201 / 222
197
Global result (income statement) (abbreviated format)
(x€1,000)
2014
2013
A. NET RESULT
Rental income
125,411
124,654
Writeback of lease payments sold and discounted
15,931
25,276
Rental-related expenses
-345
-293
Net rental income
140,997
149,637
Recovery of property charges
588
101
Recovery income of charges and taxes normally payable
by the tenant on let properties
16,029
13,357
Costs payable by tenants and borne by the landlord on rental damage
and refurbishment at end of lease
-1,539
-1,277
Charges and taxes normally payable by the tenant on let properties
-17,483
-15,225
Property result
138,592
146,593
Technical costs
-2,786
-3,595
Commercial costs
-1,033
-846
Taxes and charges on unlet properties
-3,829
-3,984
Property management costs
-11,071
-11,384
Other property charges
-3
-16
Property charges
-18,722
-19,825
Property operating result
119,870
126,768
Corporate management costs
-6,670
-6,367
Operating result before result on the portfolio
113,200
120,401
Gains or losses on disposals of investment properties
-10,322
-8,144
Gains or losses on disposals of other non-financial assets
-13,181
Change in the fair value of investment properties
-15,799
-26,134
Other result on the portfolio
-804
-1,994
Operating result
73,094
84,129
Financial income
39,320
29,774
Net interest charges
-45,454
-56,073
Other financial charges
-3,021
-2,085
Changes in the fair value of financial assets and liabilities
-116,714
856
Financial result
-125,869
-27,528
Pre-tax result
-52,775
56,601
Corporate tax
-864
579
Exit tax
Taxes
-864
579
NET RESULT OF THE PERIOD
-53,639
57,180
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
2,599
501
Changes in the effective part of the fair value of authorised cash flow hedging instruments
52,015
57,288
OTHER ELEMENTS OF THE GLOBAL RESULT
54,614
57,789
C. GLOBAL RESULT
975
114,969
Company accounts