25 / 222
Quarterly
consolidated
accounts
Consolidated global result per quarter
1
(income statement)
(x €1,000)
Q1 2014 Q2 2014 Q3 2014 Q4 2014
2014
2
A. NET RESULT
Rents
49,199
49,391
49,853
49,317
197,761
Cost of rent-free periods
-808
-737
-800
-587
-2,933
Client incentives
-122
-226
-60
-150
-558
Rental indemnities
151
537
246
714
1,648
Writeback of lease payments sold and discounted
6,907
4,426
2,299
2,299
15,931
Rental-related expenses
-9
-22
-25
-36
-91
Net rental income
55,318
53,369
51,513
51,557
211,758
Recovery of property charges
276
-95
641
-209
612
Recovery income of charges and taxes normally payable
by the tenant on let properties
12,659
10,938
10,427
10,732
44,756
Costs payable by the tenant and borne by the landlord
on rental damage and redecoration at end of lease
-445
-217
-379
-498
-1,540
Charges and taxes normally payable by the tenant
on let properties
-13,362
-12,074
-10,812
-11,263
-47,512
Property result
54,446
51,921
51,389
50,318 208,074
Technical costs
-802
-1,842
-827
-331
-3,802
Commercial costs
-226
-236
-358
-318
-1,137
Taxes and charges on unlet properties
-1,245
-879
-1,067
-727
-3,922
Property management costs
-3,879
-3,353
-3,273
-3,791
-14,295
Property charges
-6,152
-6,310
-5,525
-5,168
-23,156
Property operating result
48,294
45,611
45,864
45,151
184,918
Corporate management costs
-1,868
-1,721
-1,803
-1,784
-7,176
Operating result before result on the portfolio
46,426
43,890
44,061
43,366
177,742
Gains or losses on disposal of investment properties
and other non-financial assets
384
-22,620
396
-601
-22,441
Change in the fair value of investment properties
-6,576
6,004
-3,371
-1,513
-5,455
Other result on the portfolio
22
313
401
-12,040
-11,304
Operating result
40,256
27,587
41,488
29,211
138,542
Financial income
1,395
1,449
1,358
1,375
5,577
Net interest charges
-16,427
-13,888
-12,348
-12,037
-54,700
Other financial charges
4
-223
-523
-1,567
-2,309
Change in the fair value of financial assets and liabilities
-24,399
-76,493
-19,242
-16,009
-136,143
Financial result
-39,427
-89,155
-30,755 -28,238 -187,575
Share in the result of associated companies and joint ventures
342
485
113
367
1,307
1
The Group did not publish any quarterly information between 31.12.2014 and the
time of writing of this Annual Financial Report.
2
The half-year and annual figures are verified by the Auditor Deloitte, Company
Auditors.
21