Consolidated statement of profit or loss and other comprehensive income in accordance with INREV valuation principles
For the year ended 31 December 2022; amounts in € million
2022 | Adj. | 2022 | 2021 | Adj. | 2021 | |
Gross rental income | 363 | 363 | 347 | 347 | ||
Service charge income | 11 | 11 | 12 | 12 | ||
Property operating expenses (excluding service charges) | (89) | (89) | (84) | (84) | ||
Service charges | (16) | (16) | (16) | (16) | ||
Other income | 1 | 1 | 1 | 1 | ||
Net rental income | 270 | 270 | 260 | 260 | ||
Result on disposals | 6 | 6 | 16 | 16 | ||
Management expenses | (27) | (27) | (25) | (25) | ||
Financial results | (42) | (42) | (39) | (39) | ||
Realised result before tax | 207 | 207 | 212 | 212 | ||
Unrealised result | (218) | (218) | 1,233 | 1,233 | ||
Result before tax | (11) | (11) | 1,445 | 1,445 | ||
Tax | (1) | (1) | (1) | (1) | ||
Result after tax (attributable to equity holders of the parent) | (12) | (12) | 1,444 | 1,444 | ||
Other comprehensive income that will be reclassified subsequently to profit or loss | ||||||
- Settlement pre-hedge contracts | 1 | 1 | 1 | 1 | ||
Positive revaluation on Property, Plant and Equipment | 1 | 1 | - | - | ||
Fair value adjustment on liabilities | - | 369 | 369 | - | 54 | 54 |
Acquisition costs on Investment property (under construction) | - | (13) | (13) | - | 17 | 17 |
Other comprehensive income, net of tax | 2 | 358 | 1 | 72 | ||
Total comprehensive income (attributable to equity holders of the parent) | (10) | 346 | 1,445 | 1,516 |