Segment information for the first half-year 2013
CHF million | Real | Projects & | Total Segments | Holding/ Eliminations | Total |
| |||||
Earnings statement |
|
|
|
|
|
Operating income | 76.4 | 392.1 | 468.5 | 0.0 | 468.5 |
Profit from intercompany services | –2.4 | 2.7 | 0.3 | –0.3 | 0.0 |
Direct operating expenses | –9.6 | –351.7 | –361.3 | 0.0 | –361.3 |
Operating expenses | –1.6 | –35.0 | –36.6 | –0.6 | –37.2 |
Capitalised company-produced assets | 0.0 | 13.9 | 13.9 | 0.0 | 13.9 |
Earnings from sale of investment real estate | 0.7 | 0.0 | 0.7 | 0.0 | 0.7 |
Earnings from revaluation of investment real estate | 5.2 | 0.0 | 5.2 | 0.0 | 5.2 |
EBITDA | 68.7 | 22.0 | 90.7 | –0.9 | 89.8 |
| |||||
Depreciation and amortisation | –0.4 | –1.0 | –1.4 | 0.0 | –1.4 |
Operating profit (EBIT) | 68.3 | 21.0 | 89.3 | –0.9 | 88.4 |
| |||||
Net finance expense | –13.4 | –1.8 | –15.2 | 0.8 | –14.4 |
Tax expense | –9.9 | –4.0 | –13.9 | -0.9 | –14.8 |
Net profit | 45.0 | 15.2 | 60.2 | –1.0 | 59.2 |
| |||||
EBITDA excl. revaluation gains | 63.5 | 22.0 | 85.5 | –0.9 | 84.6 |
Operating profit (EBIT) excl. revaluation gains | 63.1 | 21.0 | 84.1 | –0.9 | 83.2 |
Net profit excl. revaluation effect | 41.3 | 15.2 | 56.5 | –1.0 | 55.5 |
| |||||
Operating margin in percent [1] | 93.5 | 38.7 | 69.9 | – | 69.1 |
| |||||
Rental income and income from real estate management | 76.4 | 0.0 | 76.4 | 0.0 | 76.4 |
Completed project volume third-party projects | 0.0 | 294.0 | 294.0 | 0.0 | 294.0 |
Completed project volume own projects | 0.0 | 242.0 | 242.0 | 0.0 | 242.0 |
Total sales (according to internal reporting) | 76.4 | 536.0 | 612.4 | 0.0 | 612.4 |
less earnings from intergroup services | 0.0 | –100.4 | –100.4 | 0.0 | –100.4 |
Total sales to third parties (according to internal reporting) | 76.4 | 435.6 | 512.0 | 0.0 | 512.0 |
less reconciliation item external reporting | 0.0 | –44.5 | –44.5 | 0.0 | –44.5 |
Diverse income | 0.0 | 1.0 | 1.0 | 0.0 | 1.0 |
Operating income | 76.4 | 392.1 | 468.5 | 0.0 | 468.5 |
| |||||
Balance sheet as at 30.06.2013 |
|
|
|
|
|
Fixed assets | 3 411.5 | 6.2 | 3 417.7 | 0.0 | 3 417.7 |
Current assets | 25.0 | 708.4 | 733.4 | 12.1 | 745.5 |
Total assets | 3 436.5 | 714.6 | 4 151.1 | 12.1 | 4 163.2 |
| |||||
Provisions | 0.0 | 8.5 | 8.5 | 0.0 | 8.5 |
Other debt capital (excl. financing and taxes) | 83.6 | 232.8 | 316.4 | 0.0 | 316.4 |
Financial liabilities | 1 584.5 | 181.0 | 1 765.5 | 0.0 | 1 765.5 |
Tax liabilities | 149.3 | 6.5 | 155.8 | 10.9 | 166.7 |
| |||||
Total debt | 1 817.4 | 428.8 | 2 246.2 | 10.9 | 2 257.1 |
| |||||
Total assigned equity [2] | 1 619.1 | 285.8 | 1 904.9 | 1.2 | 1 906.1 |
[1]EBIT less revaluation gains in percent of income from business activity
[2]Assignment of equity to individual segments corresponds to internal financial reporting guidelines requiring an equity ratio of 40% for the Projects & Development division; financial and tax liabilities will be assigned accordingly.
Allreal operates in Switzerland only. A breakdown by sales and fixed assets is therefore not required.