Consolidated statement of profit or loss and other comprehensive income in accordance with INREV valuation principles

For the year ended 31 December 2019; amounts in € million

 

2019
IFRS

Adj.

2019
INREV

2018
IFRS

Adj.

2018
INREV

Gross rental income

329

 

329

281

 

281

Service charge income

9

 

9

10

 

10

Property operating expenses (excluding service charges)

(72)

 

(72)

(65)

 

(65)

Service charges

(14)

 

(14)

(16)

 

(16)

Net rental income

252

 

252

210

 

210

       

Result on disposals

13

 

13

44

 

44

Management expenses

(23)

 

(23)

(18)

 

(18)

Financial results

(40)

 

(40)

(29)

 

(29)

Realised result before tax

202

 

202

207

 

207

       

Unrealised result

653

 

653

825

 

825

       

Result before tax

855

 

855

1,032

 

1,032

       

Tax

(1)

 

(1)

-

 

-

Result after tax (attributable to equity holders of the parent)

854

 

854

1,032

 

1,032

       

Other comprehensive income that will be reclassified subsequently to profit or loss

      

- Settlement pre-hedge contracts

(6)

 

(6)

-

 

-

Positive revaluation on Property, Plant and Equipment

1

 

1

2

 

2

Fair value adjustment on liabilities

-

(93)

(93)

-

39

39

Acquisition costs on Investment property (under construction)

-

(7)

(7)

-

27

27

Other comprehensive income, net of tax

1

 

(105)

2

 

68

       

Total comprehensive income (attributable to equity holders of the parent)

855

 

749

1,034

 

1,100