Financial report
Consolidated semi-annual financial statements
of Allreal Group
Consolidated statement of comprehensive income
CHF million | Notes | 1st half-year |
| 1st half-year | |
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Income from renting investment real estate | 69.8 |
| 69.6 | ||
Direct expenses for rented investment real estate | –8.5 |
| –10.6 | ||
Earnings from renting investment real estate | 61.3 |
| 59.0 | ||
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|
|
| ||
Earnings from sale of investment real estate | 0.6 |
| 0.0 | ||
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Higher valuation of yield-producing properties | 14.5 |
| 10.1 | ||
Lower valuation of yield-producing properties | –10.8 |
| –6.5 | ||
Higher valuation of investment real estate under construction | 14.4 |
| 2.7 | ||
Lower valuation of investment real estate under construction | 0.0 |
| 0.0 | ||
Earnings from revaluation of investment real estate | 18.1 |
| 6.3 | ||
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|
| ||
Completed net project volume by Projects & Development division | 311.1 |
| 237.0 | ||
Direct expenses for completed project volume by Projects & Development division | –285.2 |
| –204.5 | ||
Earnings from project development and sale of development real estate | 11.7 |
| 18.1 | ||
Capitalised company produced assets | 13.2 |
| 10.9 | ||
Various income | 0.9 |
| 1.5 | ||
Earnings from Projects & Development division | 51.7 |
| 63.0 | ||
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Personnel expenses | –23.0 |
| –22.6 | ||
Other operating expenses | –5.6 |
| –5.8 | ||
EBITDA | 103.1 |
| 99.9 | ||
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|
| ||
Depreciation other property, plant and equipment | –0.4 |
| –0.3 | ||
Operating profit (EBIT) | 102.7 |
| 99.6 | ||
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Finance income | 0.3 |
| 0.1 | ||
Finance expenses | –16.0 |
| –18.3 | ||
Net profit before tax | 87.0 |
| 81.4 | ||
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Tax expenses | –20.5 |
| –19.1 | ||
Net profit | 66.5 |
| 62.3 | ||
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Valuation financial instruments | 2.3 |
| –11.9 | ||
Deferred taxes from valuation of financial instruments | –0.5 |
| 2.6 | ||
Other comprehensive income | 1.8 |
| –9.3 | ||
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Total comprehensive income | 68.3 |
| 53.0 | ||
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Total sales | 380.9 |
| 306.6 | ||
EBITDA excl. earnings from revaluation | 85.0 |
| 93.6 | ||
Operating profit (EBIT) excl. earnings from revaluation | 84.6 |
| 93.3 | ||
Net profit excl. revaluation effect | 54.1 |
| 57.4 | ||
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Earnings per share in CHF |
|
|
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— incl. revaluation effect | 4.89 |
| 5.02 | ||
— excl. revaluation effect | 3.98 |
| 4.62 | ||
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Diluted earnings per share in CHF |
|
|
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— incl. revaluation effect | 4.60 |
| 4.58 | ||
— excl. revaluation effect | 3.78 |
| 4.25 |