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Consolidated statement of comprehensive income

All amounts in € thousands, unless otherwise stated

 

Note

 

2019

 

2018

Gross rental income

6

38,446

 

34,811

 

Service charge income

6

7,025

 

6,318

 

Other income

 

2,969

 

2,201

 

Revenues

  

48,440

 

43,330

      

Service charge expenses

 

(9,534)

 

(9,172)

 

Property operating expenses

7

(13,207)

 

(15,040)

 
   

(22,741)

 

(24,212)

Net rental income

  

25,699

 

19,118

      

Positive fair value adjustment investment property

12

118,194

 

60,169

 

Negative fair value adjustment investment property

12

(1,005)

 

(1,570)

 

Fair value adjustments on investment property under construction

13

35,389

 

2,308

 

Net valuation gain (loss)

  

152,578

 

60,907

      

Administrative expenses

8

 

(4,484)

 

(3,718)

Result before finance result

  

173,793

 

76,307

      

Finance result

9

(983)

 

(148)

 

Net finance result

  

(983)

 

(148)

      

Result before tax

  

172,810

 

76,159

Income taxes

10

 

(225)

 

(197)

Result for the year

  

172,585

 

75,962

      

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

  

172,585

 

75,962

      

Net result attributable to shareholders

  

172,585

 

75,962

Total comprehensive income attributable to shareholders

  

172,585

 

75,962

      
      

Distributable result

20

 

20,060

 

15,074

Pay-out ratio

20

 

100%

 

100%

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