Half-Year Report 2021

Consolidated Income Statement

in € million

Notes

Jan. 1–
June 30, 2020

Jan. 1–
June 30, 2021

Apr. 1–
June 30, 2020

Apr. 1–
June 30, 2021

 

 

 

 

 

 

Income from property letting

 

1,520.8

1,569.9

760.3

787.3

Other income from property management

 

35.5

37.9

17.9

18.6

Income from property management

B7

1,556.3

1,607.8

778.2

805.9

 

 

 

 

 

 

Income from disposal of properties

 

317.6

356.9

159.2

155.2

Carrying amount of properties sold

 

-259.8

-310.8

-125.2

-127.4

Revaluation of assets held for sale

 

14.9

31.5

9.5

15.5

Profit on disposal of properties

B8

72.7

77.6

43.5

43.3

 

 

 

 

 

 

Income from the disposal of properties (Development)

 

107.5

191.7

62.1

107.5

Cost of sold properties

 

-83.7

-160.2

-45.5

-88.8

Profit on the disposal of properties (Development)

B9

23.8

31.5

16.6

18.7

 

 

 

 

 

 

Net income from fair value adjustments of investment properties

B10

1,812.3

3,698.6

1,808.2

3,696.2

Capitalized internal expenses

 

297.5

312.2

156.4

167.6

Cost of materials

B11

-705.0

-721.8

-350.1

-368.6

Personnel expenses

 

-292.6

-305.0

-149.1

-153.2

Depreciation and amortization

 

-42.2

-234.3

-22.9

-213.1

Other operating income

 

63.0

65.6

27.7

34.2

Impairment losses on financial assets

 

-16.7

-8.2

-9.5

-4.9

Net income from the derecognition of financial assets measured at amortized cost

 

0.9

-0.9

-0.2

-0.9

Other operating expenses

 

-132.1

-189.5

-64.5

-137.4

Net income from investments accounted for using the equity method

 

0.3

0.2

0.3

0.1

Interest income

B12

14.7

3.9

1.0

1.7

Interest expenses

B13

-215.1

-179.8

-113.1

-100.8

Other financial result

B14

4.2

-66.6

1.4

-71.9

Earnings before tax

 

2,442.0

4,091.3

2,123.9

3,716.9

Income taxes

 

-823.9

-1,411.2

-717.4

-1,283.8

Profit for the period

 

1,618.1

2,680.1

1,406.5

2,433.1

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

Vonovia’s shareholders

 

1,558.0

2,606.7

1,360.5

2,372.0

Vonovia’s hybrid capital investors

 

14.8

14.8

7.4

7.4

Non-controlling interests

 

45.3

58.6

38.6

53.7

 

 

 

 

 

 

Earnings per share (basic and diluted) in €

 

2.87

4.59

2.51

4.16