Consolidated Income Statement

in € million

 

Jan. 1–Mar. 31, 2017

 

Jan. 1–Mar. 31, 2018

 

 

 

 

 

Income from property letting

 

586.7

 

589.3

Other income from property management

 

10.0

 

10.7

Income from property management

 

596.7

 

600.0

 

 

 

 

 

Income from disposal of properties

 

492.2

 

114.0

Carrying amount of properties sold

 

-476.7

 

-105.8

Revaluation of assets held for sale

 

9.4

 

8.7

Profit on disposal of properties

 

24.9

 

16.9

 

 

 

 

 

Net income from fair value adjustments of investment properties

 

 

Capitalized internal expenses

 

85.4

 

105.6

Cost of materials

 

-274.3

 

-280.2

Personnel expenses

 

-102.0

 

-111.8

Depreciation and amortization

 

-7.1

 

-9.0

Other operating income

 

26.5

 

24.3

Other operating expenses

 

-59.7

 

-63.0

Financial income

 

7.3

 

9.6

Financial expenses

 

-84.0

 

-85.0

Earnings before tax

 

213.7

 

207.4

 

 

 

 

 

Income taxes

 

-83.0

 

-78.2

Profit for the period

 

130.7

 

129.2

 

 

 

 

 

Attributable to:

 

 

 

 

Vonovia’s shareholders

 

116.6

 

116.2

Vonovia’s hybrid capital investors

 

7.4

 

7.4

Non-controlling interests

 

6.7

 

5.6

Earnings per share (basic and diluted) in €

 

0.25

 

0.24