Consolidated statement of comprehensive income
CHF million | Notes |
| 1st half-year 2014 reviewed |
| 1st half-year 2013 reviewed |
|
|
|
|
|
|
Income from renting investment real estate |
| 74.6 |
| 72.8 | |
Income from real estate management services |
| 3.5 |
| 3.6 | |
Income from realisation Projects & Development |
| 281.7 |
| 294.0 | |
Income from sales Development |
| 182.8 |
| 97.1 | |
Diverse income |
| 1.0 |
| 1.0 | |
Operating income |
|
| 543.6 |
| 468.5 |
| |||||
Direct expenses for rented investment real estate |
| –10.9 |
| –9.6 | |
Direct expenses from realisation Projects & Development |
| –258.7 |
| –267.7 | |
Direct expenses from sales Development |
| –154.5 |
| –84.0 | |
Direct operating expenses |
|
| –424.1 |
| –361.3 |
| |||||
Personnel expenses |
|
| –29.0 |
| –30.5 |
Other operating expenses |
|
| –7.7 |
| –6.7 |
Operating expenses |
|
| –36.7 |
| –37.2 |
| |||||
Capitalised company-produced assets |
| 10.7 |
| 13.9 | |
| |||||
Earnings from sale of investment real estate |
| 0.9 |
| 0.7 | |
| |||||
Higher valuation of yield-producing properties |
|
| 31.0 |
| 24.7 |
Lower valuation of yield-producing properties |
|
| –21.2 |
| –28.7 |
Higher valuation of investment real estate under construction |
|
| 5.6 |
| 13.1 |
Lower valuation of investment real estate under construction |
|
| –3.0 |
| –3.9 |
Earnings from revaluation of investment real estate |
| 12.4 |
| 5.2 | |
| |||||
EBITDA |
|
| 106.8 |
| 89.8 |
| |||||
Depreciation other property, plant and equipment |
|
| –0.3 |
| –0.5 |
Amortisation intangible assets |
|
| –1.0 |
| –0.9 |
Operating profit (EBIT) |
|
| 105.5 |
| 88.4 |
| |||||
Finance income |
|
| 0.2 |
| 1.0 |
Finance expenses |
| –19.6 |
| –15.4 | |
Net profit before tax |
|
| 86.1 |
| 74.0 |
| |||||
Tax expenses |
|
| –20.9 |
| –14.8 |
Net profit |
|
| 65.2 |
| 59.2 |
| |||||
Items subsequently restated in profit or loss statement: |
|
|
|
|
|
Valuation of financial instruments |
|
| –20.5 |
| 35.4 |
Deferred taxes resulting from valuation of financial instruments |
|
| 4.5 |
| –7.8 |
| |||||
Items not subsequently restated in profit or loss statement: |
|
|
|
|
|
Changes in employee benefits |
|
| –3.7 |
| 3.3 |
Deferred taxes from changes in employee benefits |
|
| 0.8 |
| –0.7 |
Other comprehensive income |
|
| –18.9 |
| 30.2 |
| |||||
Total comprehensive income |
|
| 46.3 |
| 89.4 |
| |||||
Earnings per share in CHF |
| 4.09 |
| 3.72 | |
Diluted earnings per share in CHF |
| 3.97 |
| 3.57 |