Statement of comprehensive income

All amounts in € thousands unless otherwise stated


	Note		2014		2013
Gross rental income	6	37,920		37,784
Service charge income	6	6,640		8,188
Other income		1,805		807
Revenues			46,365		46,779

Service charge expenses		(8,466)		(9,236)
Property operating expenses	7	(9,107)		(7,442)
			(17,573)		(16,678)
Net rental income			28,792		30,101

Profit (loss) on sales of investment property			-		-
Positive fair value adjustment investment property	12	1,216		3,437
Negative fair value adjustment investment property	12	(26,414)		(32,116)
Fair value adjustments on investment property under construction	13	(477)		-
Net valuation gain (loss) on investment property			(25,675)		(28,679)

Administrative expenses	8		(2,526)		(2,687)
Result before finance result			591		(1,265)

Finance income	9	21		5
Net finance result			21		5

Result before tax			612		(1,260)
Income taxes	10		-		-
Result for the year			612		(1,260)

Items that will not be reclassified subsequently to comprehensive income			-		-
Items that may be reclassified subsequently to comprehensive income			-		-
Total comprehensive income for the year, net of tax			612		(1,260)

Net result attributable to shareholders			612		(1,260)
Total comprehensive income attributable to shareholders			612		(1,260)

Earnings per share (€)
Basic earnings per share	18		3.01		(6.29)
Diluted earnings per share			3.01		(6.29)