Consolidated Income Statement

January 1 until December 31

in € million

 

Notes

 

2016

 

2015

 

 

 

 

 

 

 

Income from property letting

 

 

 

2,170.0

 

2,035.3

Other income from property management

 

 

 

39.3

 

28.2

Income from property management

 

6

 

2,209.3

 

2,063.5

 

 

 

 

 

 

 

Income from disposal of properties

 

 

 

1,227.9

 

726.0

Carrying amount of properties sold

 

 

 

-1,177.7

 

-658.7

Revaluation of assets held for sale

 

 

 

52.0

 

51.7

Profit on disposal of properties

 

7

 

102.2

 

119.0

 

 

 

 

 

 

 

Net income from fair value adjustments of investment properties

 

8

 

3,236.1

 

1,323.5

Capitalized internal expenses

 

9

 

341.0

 

174.9

Cost of materials

 

10

 

-1,081.9

 

-972.5

Personnel expenses

 

11

 

-353.8

 

-359.7

Depreciation and amortization

 

12

 

-27.0

 

-13.4

Other operating income

 

13

 

105.3

 

73.1

Other operating expenses

 

14

 

-249.5

 

-263.5

Financial income

 

15

 

27.1

 

8.0

Financial expenses

 

16

 

-449.0

 

-418.4

Earnings before tax

 

 

 

3,859.8

 

1,734.5

 

 

 

 

 

 

 

Income taxes

 

17

 

-1,346.9

 

-739.8

Profit for the period

 

 

 

2,512.9

 

994.7

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

Vonovia’s shareholders

 

 

 

2,300.7

 

923.5

Vonovia’s hybrid capital investors

 

 

 

40.0

 

40.0

Non-controlling interests

 

 

 

172.2

 

31.2

Earnings per share (basic and diluted) in €

 

18

 

4.94

 

2.29