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1
The net current result – Group share corresponds to the net result excluding “Gains or losses on disposals of investment properties”, “Gains or losses on disposal of 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” related to the first five elements.
2
The result on the portfolio – Group share corresponds to the “Gains or losses on disposals of investment properties”, “Gains or losses on disposal of other non-financial assets”,
“Changes in the fair value of investment properties”, “Other result on the portfolio”, as well as “Exit tax”, and “Share in result of associated companies and joint ventures” related
to the result on the portfolio, minus (-) “Minority interests” related to the first five elements.
CONSOLIDATED GLOBAL RESULT (INCOME STATEMENT)
(x 1,000 EUR)
Notes
2015
2014
A. NET RESULT
Rental income
6
202,612
195,918
Writeback of lease payments sold and discounted
6
10,214
15,931
Rental-related expenses
6
-709
-91
Net rental income
5, 6
212,117
211,758
Recovery of property charges
7
329
612
Recovery income of charges and taxes normally payable by the tenant on let properties
8
41,588
44,756
Costs payable by the tenant and borne by the landlord on rental damage and redecoration at
end of lease
7
-1,434
-1,540
Charges and taxes normally payable by the tenant on let properties
8
-45,066
-47,512
Property result
207,534
208,074
Technical costs
9
-5,643
-3,802
Commercial costs
10
-950
-1,137
Taxes and charges on unlet properties
-3,451
-3,922
Property management costs
11
-15,343
-14,295
Property charges
-25,387
-23,156
Property operating result
182,147
184,918
Corporate management costs
11
-7,806
-7,176
Operating result before result on the portfolio
174,341
177,742
Gains or losses on disposals of investment properties
5, 12
2,029
1,949
Gains or losses on disposal of other non-financial assets
5, 12
20,396
-24,390
Changes in fair value of investment properties
5, 13, 22
-8,620
-5,455
Other result on the portfolio
5, 14
-8,558
-11,304
Operating result
179,588
138,542
Financial income
15
5,735
5,577
Net interest charges
16
-42,310
-54,700
Other financial charges
17
-660
-2,309
Changes in the fair value of financial assets and liabilities
18
-30,403
-136,143
Financial result
-67,638
-187,575
Share in the result of associated companies and joint ventures
43
460
1,307
Pre-tax result
112,410
-47,726
Corporate tax
19
-4,209
-2,493
Exit tax
19
248
926
Taxes
-3,961
-1,567
Net result
108,449
-49,293
Minority interests
43
-4,482
-3,378
NET RESULT - GROUP SHARE
32
103,967
-52,671
NET CURRENT RESULT - GROUP SHARE
1
32
97,706
-15,655
RESULT ON THE PORTFOLIO - GROUP SHARE
2
32
6,261
-37,016
Consolidated accounts
151