Consolidated statement of comprehensive income
CHF million | Notes |
| 1st half-year 2016 |
| 1st half-year 2015 |
|
|
|
|
|
|
Income from renting investment real estate |
| 86.5 |
| 88.5 | |
Income from real estate management services |
| 2.2 |
| 3.2 | |
Income from realisation Projects & Development |
| 215.5 |
| 223.7 | |
Income from sales Development |
| 170.3 |
| 31.9 | |
Diverse income |
| 0.2 |
| 0.1 | |
Operating income |
|
| 474.7 |
| 347.4 |
| |||||
Direct expenses for rented investment real estate |
| –11.5 |
| –15.9 | |
Direct expenses from realisation Projects & Development |
| –191.1 |
| –197.7 | |
Direct expenses from sales Development |
| –148.2 |
| –28.3 | |
Direct operating expenses |
|
| –350.8 |
| –241.9 |
| |||||
Personnel expenses |
|
| –25.1 |
| –28.8 |
Other operating expenses |
|
| –7.1 |
| –7.1 |
Operating expenses |
|
| –32.2 |
| –35.9 |
| |||||
Capitalised company-produced assets |
| 3.1 |
| 6.4 | |
| |||||
Earnings from sale of investment real estate |
| 5.6 |
| 18.4 | |
| |||||
Higher valuation of yield-producing properties |
|
| 21.6 |
| 35.5 |
Lower valuation of yield-producing properties |
|
| –17.8 |
| –33.5 |
Higher valuation of investment real estate under construction |
|
| 6.5 |
| 8.5 |
Lower valuation of investment real estate under construction |
|
| 0.0 |
| 0.0 |
Earnings from revaluation of investment real estate |
| 10.3 |
| 10.5 | |
| |||||
EBITDA |
|
| 110.7 |
| 104.9 |
| |||||
Depreciation other property, plant and equipment |
|
| –0.3 |
| –0.2 |
Amortisation intangible assets |
|
| 0.0 |
| –1.0 |
Operating profit (EBIT) |
|
| 110.4 |
| 103.7 |
| |||||
Finance income |
|
| 0.9 |
| 0.9 |
Finance expenses |
| –22.5 |
| –18.8 | |
Net profit before tax |
|
| 88.8 |
| 85.8 |
| |||||
Tax expenses |
|
| –19.0 |
| –18.6 |
Net profit |
|
| 69.8 |
| 67.2 |
| |||||
Items subsequently restated in profit or loss statement: |
|
|
|
|
|
Valuation of financial instruments |
|
| –2.5 |
| –7.2 |
Deferred taxes resulting from valuation of financial instruments |
|
| 0.5 |
| 1.6 |
| |||||
Items not subsequently restated in profit or loss statement: |
|
|
|
|
|
Changes in employee benefits |
|
| –13.5 |
| 1.5 |
Deferred taxes from changes in employee benefits |
|
| 3.0 |
| –0.3 |
Other comprehensive income |
|
| –12.5 |
| –4.4 |
| |||||
Total comprehensive income |
|
| 57.3 |
| 62.8 |
| |||||
Earnings per share in CHF |
| 4.38 |
| 4.22 | |
Diluted earnings per share in CHF |
| 4.39 |
| 4.23 |