5 Earnings from Projects & Development division
|
| 1st half-year 2013 |
| 1st half-year 2012 |
|
|
|
|
|
Income from realisation Projects & Development |
| 294.0 |
| 235.7 |
Direct expenses from realisation Projects & Development |
| –267.7 |
| –207.7 |
Earnings from realisation Projects & Development |
| 26.3 |
| 28.0 |
| ||||
Income from sales Development |
| 97.1 |
| 113.1 |
Direct expenses from sales Development |
| –84.0 |
| –102.8 |
Income from sales Development |
| 13.1 |
| 10.3 |
| ||||
Capitalised company-produced assets |
| 13.9 |
| 14.3 |
Diverse income |
| 1.0 |
| 0.6 |
| ||||
Earnings from Projects & Development division |
| 54.3 |
| 53.2 |
Income from realisation Projects & Development consists of architects’ and project & development fees (CHF 22.5 million) and earnings from construction activity (CHF 5.9 million). This contrasts with directly offset sales deductions (CHF –2.1 million).
In the first half-year 2013, ownership of units under the projects Konradhof Wallisellen (selling price CHF 60.1 million), Schinebüel Birmenstorf (CHF 22.7 million), Aublickweg Au-Wädenswil (CHF 6.9 million), Nelkenstrasse Zurich (CHF 4.0 million) and Holengass Meilen (CHF 3.4 million) was transferred to third parties, resulting in gains on sales of CHF 13.1 million.