Consolidated income statement
| (€ million) |
Note |
2009 |
2008 |
| Gross rental income |
2 |
390.8 |
364.7 |
|
|
|
|
|
| Service charges |
|
-74.6 |
-52.5 |
| Service charges recovered from tenants |
|
65.0 |
44.2 |
| Net service charges |
|
-9.6 |
-8.3 |
|
|
|
|
|
| Property operating expenses |
3 |
-44.2 |
-38.7 |
|
|
|
|
|
| Net rental income |
|
337.0 |
317.7 |
|
|
|
|
|
| Proceeds from sales of investment property |
|
84.5 |
114.8 |
| Carrying amount of investment property sold |
|
-91.5 |
-117.6 |
| Results on sales of investment property |
10 |
-7.0 |
-2.8 |
|
|
|
|
|
| Valuation gains |
|
45.6 |
38.0 |
| Valuation losses |
|
-428.3 |
-374.6 |
| Net valuation result on investment property |
10, 11 |
-382.7 |
-336.6 |
|
|
|
|
|
| Administrative expenses |
4 |
-35.5 |
-30.2 |
|
|
|
|
|
| Other income and expenses |
5 |
-4.8 |
0.1 |
|
|
|
|
|
| Results before finance costs |
|
-93.0 |
-51.8 |
|
|
|
|
|
| Finance costs |
|
-108.0 |
-147.6 |
| Finance income |
|
13.1 |
20.4 |
| Net finance expense |
7 |
-94.9 |
-127.2 |
|
|
|
|
|
| Other material non-cash items |
6 |
-9.2 |
-13.4 |
|
|
|
|
|
| Share of profit of equity accounted investees (net of income tax) |
12 |
3.1 |
-81.4 |
|
|
|
|
|
| Result before tax |
|
-194.0 |
-273.8 |
|
|
|
|
|
| Current tax |
|
-2.8 |
-1.8 |
| Deferred tax |
|
64.3 |
23.5 |
| Tax |
8 |
61.5 |
21.7 |
|
|
|
|
|
| Net result from continuing operations |
|
-132.5 |
-252.1 |
|
|
|
|
|
| Net result from discontinued operations |
9 |
– |
12.5 |
|
|
|
|
|
| Net result |
|
-132.5 |
-239.6 |
|
|
|
|
|
| Attributable to: |
|
|
|
| Shareholders |
|
-131.9 |
-239.6 |
| Non-controlling interest |
|
-0.6 |
– |
|
|
|
|
|
| Earings per share (€) |
|
|
|
| Earnings per share from continuing operations |
20 |
-1.83 |
-3.81 |
| Total earnings per share |
20 |
-1.83 |
-3.62 |
| Diluted earnings per share |
20 |
-1.83 |
-3.62 |
Source: Annual Report 2009, Chapter Finacial Statements, page 84 (PDF, 240 kB)
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