Statement of comprehensive income in accordance with INREV valuation principles

IFRS

Adjustment

INREV

IFRS

Adjustment

INREV

Gross rental income

44,786

-

44,786

35,662

-

35,662

Service charge income

1,779

-

1,779

1,930

-

1,930

Other income

138

-

138

159

-

159

Revenues

46,703

-

46,703

37,751

-

37,751

Service charge expenses

(1,813)

-

(1,813)

(2,203)

-

(2,203)

Property operating expenses

(6,571)

-

(6,571)

(4,631)

-

(4,631)

(8,384)

-

(8,384)

(6,834)

-

(6,834)

Net rental income

38,319

-

38,319

30,917

-

30,917

Profit (loss) on sales of investment property

137

-

137

(8,356)

-

(8,356)

Positive fair value adjustment

58,611

-

58,611

32,719

-

32,719

Negative fair value adjustment

(28,696)

(1,658)

(30,354)

(40,846)

1,263

(39,583)

Net valuation gain (loss) on investment property

29,915

(1,658)

28,257

(8,127)

1,263

(6,864)

Administrative expenses

(4,013)

-

(4,013)

(3,254)

(100)

(3,354)

Result before finance expense

64,358

(1,658)

62,700

11,180

1,163

12,343

Finance income

-107

-

-107

5

-

5

Net finance expense

-107

-

-107

5

-

5

Result before tax

64,251

(1,658)

62,593

11,185

1,163

12,348

Income taxes

-1

-

-1

-

-

-

Net result

64,250

(1,658)

62,592

11,185

1,163

12,348

Other comprehensive income for the year

-

-

-

-

-

-

Total comprehensive income for the year

64,250

(1,658)

62,592

11,185

1,163

12,348

Net result attributable to shareholders

64,250

(1,658)

62,592

11,185

1,163

12,348