Consolidated Income Statement

January 1 until December 31

in € million

 

Notes

 

2016

 

2017

 

 

 

 

 

 

 

Income from property letting

 

 

 

2,170.0

 

2,344.0

Other income from property management

 

 

 

39.3

 

47.6

Income from property management

 

6

 

2,209.3

 

2,391.6

 

 

 

 

 

 

 

Income from disposal of properties

 

 

 

1,227.9

 

1,206.4

Carrying amount of properties sold

 

 

 

-1,177.7

 

-1,136.0

Revaluation of assets held for sale

 

 

 

52.0

 

81.1

Profit on disposal of properties

 

7

 

102.2

 

151.5

 

 

 

 

 

 

 

Net income from fair value adjustments of investment properties

 

8

 

3,236.1

 

3,434.1

Capitalized internal expenses

 

9

 

341.0

 

458.1

Cost of materials

 

10

 

-1,081.9

 

-1,176.4

Personnel expenses

 

11

 

-353.8

 

-416.0

Depreciation and amortization

 

12

 

-27.0

 

-372.2

Other operating income

 

13

 

105.3

 

116.2

Other operating expenses

 

14

 

-249.5

 

-273.3

Financial income

 

15

 

27.1

 

46.8

Financial expenses

 

16

 

-449.0

 

-353.0

Earnings before tax

 

 

 

3,859.8

 

4,007.4

 

 

 

 

 

 

 

Income taxes

 

17

 

-1,346.9

 

-1,440.5

Profit for the period

 

 

 

2,512.9

 

2,566.9

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

Vonovia’s shareholders

 

 

 

2,300.7

 

2,410.7

Vonovia’s hybrid capital investors

 

 

 

40.0

 

40.0

Non-controlling interests

 

 

 

172.2

 

116.2

Earnings per share (basic and diluted) in €

 

18

 

4.94

 

5.06