4 Earnings from Projects & Development division
CHF million |
| 1st half-year |
| 1st half-year |
|
|
|
|
|
Income from realisation Projects & Development |
| 281.7 |
| 294.0 |
Direct expenses from realisation Projects & Development |
| –258.7 |
| –267.7 |
Earnings from realisation Projects & Development |
| 23.0 |
| 26.3 |
| ||||
Income from sales Development |
| 182.8 |
| 97.1 |
Direct expenses from sales Development |
| –154.5 |
| –84.0 |
Income from sales Development |
| 28.3 |
| 13.1 |
| ||||
Capitalised company-produced assets |
| 10.7 |
| 13.9 |
Diverse income |
| 1.0 |
| 1.0 |
| ||||
Earnings from Projects & Development division |
| 63.0 |
| 54.3 |
Income from realisation Projects & Development consists of architects' and project & development fees (CHF 18.5 million) and earnings from construction activity (CHF 6.6 million). This contrasts with directly offset sales deductions (CHF –2.1 million).
In the first half-year 2014, ownership of units under the projects Ringhof Wallisellen (selling price CHF 87.5 million), Bruggächer Mönchaltorf (CHF 42.8 million), Cholplatz Bülach (CHF 26.9 million), Lerchenbergstrasse Erlenbach (CHF 8.9 million), Holengass Meilen (CHF 8.7 million), Escherhof Wallisellen (CHF 4.8 million), Stockenstrasse Kilchberg (CHF 2.0 million) and Lilienthal-Boulevard Opfikon (CHF 1.2 million) was transferred to third parties, resulting in gains on sales of CHF 28.3 million.