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Consolidated income statement

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Direct and indirect result

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Consolidated statement of comprehensive income

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Consolidated statement of financial position

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Statement of cash flows

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Consolidated statement of changes in equity

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Notes to the consolidated Financial statements: General

Corio N.V. (‘Corio’ or ‘the Company’) is a closed-end property investment fund and is licensed under the Financial Supervision Act (WFT). The Company is domiciled in Utrecht, Netherlands. The financial statements have been prepared by the Management Board and were authorised for publication on 18 February 2010. The financial statements will be presented to the Annual General Meeting of Shareholders for approval on 23 April 2010.

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Basis of preparation

The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards ('IFRS') adopted by the European Union.

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Basis of consolidation

Subsidiaries are those entities ultimately controlled by Corio.

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Foreign currency

Transactions in foreign currencies are translated into euros at the spot exchange rate on the transaction date.

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Investment property

Investment property covers investments in property held for the purpose of generating rental income, for capital gain or for a combination of both.

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