Statement of comprehensive income in accordance with INREV valuation principles

IFRS

Adjustment

INREV

IFRS

Adjustment

INREV

Gross rental income

34,740

-

34,740

37,920

-

37,920

Service charge income

5,998

-

5,998

6,640

-

6,640

Other income

1,793

-

1,793

1,805

-

1,805

Revenues

42,531

-

42,531

46,365

-

46,365

Service charge expenses

(7,371)

-

(7,371)

(8,466)

-

(8,466)

Property operating expenses

(13,325)

-

(13,325)

(9,107)

-

(9,107)

(20,696)

-

(20,696)

(17,573)

-

(17,573)

Net rental income

21,835

-

21,835

28,792

-

28,792

Profit (loss) on sales of investment property

-

-

-

-

-

-

Positive fair value adjustment

12,683

-

12,683

1,216

-

1,216

Negative fair value adjustment

(1,052)

(1,470)

(2,522)

(26,891)

7,344

(19,547)

Net valuation gain on investment property

11,631

(1,470)

10,161

(25,675)

7,344

(18,331)

Administrative expenses

(2,883)

-

(2,883)

(2,526)

(100)

(2,626)

Result before finance expense

30,583

(1,468)

29,113

591

7,244

7,835

Finance income

(68)

-

(68)

21

-

21

Net finance expense

(68)

-

(68)

21

-

21

Result before tax

30,515

(1,468)

29,045

612

7,244

7,856

Income taxes

-

-

-

-

-

-

Net result

30,515

(1,468)

29,045

612

7,244

7,856

Other comprehensive income for the year

-

-

-

-

-

-

Total comprehensive income for the year

30,515

(1,468)

29,045

612

7,244

7,856

Net result attributable to shareholders

30,515

(1,468)

29,045

612

7,244

7,856