Direct and indirect result
| (€ million) |
Note |
2009 |
2008 |
| Gross rental income |
2 |
390.8 |
364.7 |
| Property operating expenses (including net service charges) |
|
-53.8 |
-47.0 |
| Net rental income |
|
337.0 |
317.7 |
| Administrative expenses |
4 |
-35.5 |
-30.2 |
| Operating income |
|
301.5 |
287.5 |
| Share of result of equity accounted investees (direct) |
12 |
8.7 |
15.2 |
| EBIT continuing operations |
|
310.2 |
302.7 |
| Operating income from discontinued operations |
|
– |
28.6 |
| EBIT |
|
310.2 |
331.3 |
| Net finance costs |
7 |
-94.9 |
-127.2 |
| Corporate income tax |
|
3.5 |
– |
| Direct result |
|
218.8 |
204.1 |
| Non-controlling interest |
|
0.6 |
– |
| Direct result (excluding non-controlling interest) |
|
218.2 |
204.1 |
| |
|
|
|
| Net revaluation gain/loss on investment property |
10, 11 |
-382.7 |
-336.6 |
| Result on sales of investment property |
10 |
-7.0 |
-2.8 |
| Share of result of equity accounted investees (indirect) |
12 |
-5.6 |
-96.6 |
| Deferred tax |
|
58.0 |
21.7 |
| Net other income / expenses |
|
-14.0 |
-13.3 |
| Indirect result from continuing operations |
|
-351.3 |
-427.6 |
| Indirect result from discontinued operations |
|
– |
-16.1 |
| Indirect result |
|
-351.3 |
-443.7 |
| Non-controlling interest |
|
-1.2 |
– |
| Indirect result (excluding non-controlling interest) |
|
-350.1 |
-443.7 |
| |
|
|
|
| Net result (including non-controlling interest) |
|
-132.5 |
-239.6 |
| |
|
|
|
| Attributable to: |
|
|
|
| Shareholders |
|
-131.9 |
239.6 |
| Non-controlling interest |
|
-0.6 |
– |
| |
|
|
|
| Weighted average number of shares |
|
72,161,258 |
66,253,702 |
| |
|
|
|
| Result per share |
|
|
|
| |
|
|
|
| Result per share (€) on basis: weighted average number of shares |
|
|
|
| Direct result |
|
3.02 |
3.08 |
| Indirect Result |
|
-4.85 |
-6.70 |
| Net Result |
|
-1.83 |
-3.62 |
This statement is not required under IFRS and is unaudited.
Source: Annual Report 2009, Chapter Finacial Statements, page 85 (PDF, 240 kB)
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