Statement of financial position in accordance with INREV valuation principles

Before appropriation of result, all amounts in € thousands


As at 31 December	2014			2013
	IFRS	Adjustment	INREV	IFRS	Adjustment	INREV
Assets
Non-current assets
Investment property	553,353		553,353	445,979		445,979
Investment property under construction	6,201		6,201	-		-
Other non-current receivables	-		-	-		-
	559,554		559,554	445,979		445,979

Current assets
Trade and other current receivables	1,824	7,344	9,168	3,894	100	3,994
Cash and cash equivalents	18,604		18,604	27,435		27,435
	20,428	7,344	27,772	31,329	100	31,429

Total assets	579,982	7,344	587,326	477,308	100	477,408

Equity and liabilities
Equity attributable to the owners of the Fund

Total equity	565,113	7,344	572,457	469,201	100	469,301

Current liabilities
Trade and other payables	8,966		8,966	2,438		2,438
Rent invoiced in advance	5,721		5,721	5,552		5,552
Tenant deposits	182		182	117		117
Total liabilities	14,869		14,869	8,107		8,107
Total equity and liabilities	579,982	7,344	587,326	477,308	100	477,408