GECINA - REFERENCE DOCUMENT 2017

04

ANNUAL FINANCIAL STATEMENTS Income statement at December 31, 2017

INCOME STATEMENT AT DECEMBER 31, 2017 4.2

12/31/2016

12/31/2017

In €’000

OPERATING REVENUES Rental income

249,953

251,461

Write-backs on impairment and provisions

4,707

2,948

Recharges to tenants

50,452

49,641

Other transferred expenses

849

494

Other income

35,651

32,718

337,262

TOTAL

341,611

OPERATING EXPENSES Purchases

(10,333) (82,296) (41,513) (47,400) (60,366) (2,119)

(10,580) (86,172) (32,168) (41,537) (61,519) (1,890) (13,960) (2,617)

Other external expenses

Taxes and duties

Salaries and fringe benefits

Depreciation

Impairment on current assets

Provisions

(87)

Other charges

(1,429)

(250,443)

TOTAL

(245,543)

OPERATING INCOME

96,068

86,819

FINANCIAL INCOME Interest and related income

44,980

44,640

Write-backs on impairment and provisions, transferred expenses

5,685

730

Income from securities and receivables

154,431 33,206 238,302

87,284 33,166

Income from equity investments

165,820

TOTAL

FINANCIAL COSTS Interest and related expenses Impairment and provisions

(125,367) (24,489) (149,857)

(131,503) (14,483) (145,986)

TOTAL

NET FINANCIAL ITEMS

88,445 184,514

19,834 106,653

INCOME BEFORE TAX AND EXCEPTIONAL ITEMS

EXCEPTIONAL ITEMS Net gains on disposals of properties Net gains on sale of securities Provisions for property impairments

117,089

91,418 316,982 10,223 (52,454) 366,575 473,228 (4,187) 406

(13)

53,689

Subsidies

243

Exceptional income and expenses

(21,259) 149,749 334,262

EXCEPTIONAL ITEMS INCOME BEFORE TAX Employee profit-sharing

(545) (332)

Income tax INCOME

78

333,385

469,119

110 GECINA - REFERENCE DOCUMENT 2017

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