Consolidated statement of profit or loss and other comprehensive income in accordance with INREV valuation principles
For the year ended 31 December 2020; amounts in € million
2020 | Adj. | 2020 | 2019 | Adj. | 2019 | |
Gross rental income | 335 | 335 | 329 | 329 | ||
Service charge income | 10 | 10 | 9 | 9 | ||
Property operating expenses (excluding service charges) | (79) | (79) | (72) | (72) | ||
Service charges | (15) | (15) | (14) | (14) | ||
Net rental income | 251 | 251 | 252 | 252 | ||
Result on disposals | 7 | 7 | 13 | 13 | ||
Management expenses | (26) | (26) | (23) | (23) | ||
Financial results | (41) | (41) | (40) | (40) | ||
Realised result before tax | 191 | 191 | 202 | 202 | ||
Unrealised result | 276 | 276 | 653 | 653 | ||
Result before tax | 467 | 467 | 855 | 855 | ||
Tax | (1) | (1) | (1) | (1) | ||
Result after tax (attributable to equity holders of the parent) | 466 | 466 | 854 | 854 | ||
Other comprehensive income that will be reclassified subsequently to profit or loss | ||||||
- Settlement pre-hedge contracts | 1 | 1 | (6) | (6) | ||
Positive revaluation on Property, Plant and Equipment | - | - | 1 | 1 | ||
Fair value adjustment on liabilities | - | (37) | (37) | - | (93) | (93) |
Acquisition costs on Investment property (under construction) | - | (5) | (5) | - | (7) | (7) |
Other comprehensive income, net of tax | 1 | (41) | 1 | (105) | ||
Total comprehensive income (attributable to equity holders of the parent) | 467 | 425 | 855 | 749 |