Statement of comprehensive income in accordance with INREV valuation principles

IFRS

Adjustment

INREV

IFRS

Adjustment

INREV

Gross rental income

175,507

-

175,507

162,614

-

162,614

Service charge income

4,362

-

4,362

4,057

-

4,057

Other income

701

-

701

600

-

600

Revenues

180,570

-

180,570

167,271

-

167,271

Service charge expenses

(4,521)

-

(4,521)

(4,451)

-

(4,451)

Property operating expenses

(47,730)

-

(47,730)

(41,014)

-

(41,014)

(52,251)

-

(52,251)

(45,465)

-

(45,465)

Net rental income

128,319

-

128,319

121,806

-

121,806

Profit (loss) on sales of investment property

142

-

142

280

-

280

Positive fair value adjustment

560,406

-

560,406

241,261

-

241,261

Negative fair value adjustment

(4,200)

-

(4,200)

(923)

-

(923)

Net valuation gain (loss) on investment property

556,206

-

556,206

240,338

-

240,338

Administrative expenses

(18,016)

-

(18,016)

(14,949)

-

(14,949)

Result before finance expense

666,651

-

666,651

347,475

-

347,475

Finance income

(308)

-

(308)

-

-

-

Net finance expense

(308)

-

(308)

-

-

-

Result before tax

666,343

-

666,343

347,475

-

347,475

Income taxes

-

-

-

-

-

-

Net result

666,343

-

666,343

347,475

-

347,475

Other comprehensive income for the year

-

-

-

-

-

-

Total comprehensive income for the year

666,343

-

666,343

347,475

-

347,475

Net result attributable to shareholders

666,343

-

666,343

347,475

-

347,475

Total comprehensive income attributable to shareholders

666,343

-

666,343

347,475

-

347,475

Earnings per share (€)

Basic earnings per share

569.66

-

569.66

319.75

-

319.75