Statement of comprehensive income

All amounts in € thousands unless otherwise stated


	Note	2014			2013
Gross rental income	6	156,049		152,233
Service charge income	6	4,038		2,799
Other income		671		656
Revenues			160,758		155,688

Service charge expenses		(4,560)		(3,502)
Property operating expenses	7	(40,922)		(42,751)
Other expenses		-		-
			(45,482)		(46,253)
Net rental income			115,276		109,435

Profit (loss) on sales of investment property			(869)		(3,665)

Positive fair value adjustment completed investment property	12	43,865		6,516
Negative fair value adjustment completed investment property	12	(17,090)		(103,881)
Fair value adjustments on investment property under construction	13	5,796		4,487
Net valuation gain (loss) on investment property			32,571		(92,878)

Administrative expenses	8		(13,865)		(13,839)
Result before finance result			133,113		(947)

Finance income	9	41		6
Net finance result			41		6

Result before tax			133,154		(941)
Income taxes	10		-		-
Result for the year			133,154		(941)

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			133,154		(941)
Net result attributable to shareholders			133,154		(941)
Total comprehensive income attributable to shareholders			133,154		(941)

Earnings per share (€)
Basic earnings per share	18		128.47		(0.93)
Diluted earnings per share			128.47		(0.93)

Financial statements