Consolidated financial key data
Consolidated financial information based on IFRS
for the financial years 2005, 2006, 2007, 2008 and 2009
Profit and Loss Account
| |
2005
€ 000 |
2006
€ 000 |
2007
€ 000 |
2008
€ 000 |
2009
€ 000 |
| Rental revenues |
5.487 |
4.315 |
9.788 |
14.993 |
13.094 |
| Current income from property management |
4.679 |
3.236 |
8.524 |
12.736 |
11.537 |
| Earnings from revaluation of properties |
-4.600 |
-339 |
8.772 |
-1.946 |
-9.282 |
| Earnings from sale of investment property |
1.256 |
450 |
0 |
2.448 |
333 |
| EBIT1 |
586 |
2.850 |
13.346 |
10.421 |
-1.041 |
| EBT2 |
-2.536 |
876 |
10.662 |
1.157 |
-6.826 |
| Group net profit/loss for the year |
-2.031 |
479 |
9.043 |
1.144 |
-6.655 |
| 1 Earnings before interest and taxes: calculated by adding the items 'Earnings before financing activity and taxes' (2006) or, as the case may be, 'Earnings before financing activity' (2005) and 'Investment income' in the consolidated profit-and-loss account |
| 2 Earnings before taxes |
Balance Sheet
| |
2005
€ 000 |
2006
€ 000 |
2007
€ 000 |
2008
€ 000 |
2009
€ 000 |
| Total assets |
77.017 |
124.381 |
272.024 |
311.397 |
293.607 |
| Investment property |
71.450 |
118.881 |
246.248 |
275.060 |
282.000 |
| Equity |
29.537 |
61.384 |
151.939 |
153.085 |
146.436 |
| Equity ratio1 |
38% |
49% |
56% |
49% |
50% |
| Loan commitments2 |
44.939 |
45.855 |
103.223 |
145.481 |
134.942 |
| Loan to value3 |
63% |
39% |
39,1% |
52,4% |
48% |
| Net asset value (NAV)4 |
28.519 |
60.572 |
152.422 |
153.459 |
146.685 |
| 1 Ratio of equity shown on the balance sheet and total assets |
| 2 Liabilities to banks |
| 3 Ratio of loan commitments to investment property |
| 4 Net Asset Value: equity plus deferred tax liabilities less deferred tax assets |
Cash flow statement
| |
2005
€ 000 |
2006
€ 000 |
2007
€ 000 |
2008
€ 000 |
2009
€ 000 |
| Cash flow from current business operations |
3.549 |
2.753 |
5.690 |
8.862 |
9.519 |
| Cash flow from investment activity |
31.096 |
-33.770 |
-140.770 |
-44.385 |
5.462 |
| Cash flow from financing activity |
-33.845 |
30.707 |
136.026 |
35.758> |
-15.093 |