DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

Consolidated income statement for the period from
1 January to 31 December

in EUR thousand 2019 2018
Total income 364,250 241,603
Total expenses -252,344 -164,667
     
Gross rental income 101,942 100,189
Ground rents -676 -810
Service charge income on principal basis 20,836 20,438
Service charge expenses on principal basis -23,565 -22,941
Other property-related expenses -10,631 -12,186
Net rental income 87,906 84,690
     
Administrative expenses -17,876 -12,113
Personnel expenses -27,918 -18,204
Depreciation and amortisation -34,242 -29,577
Real estate management fees 62,883 33,639
     
Other operating income 2,616 585
Other operating expenses -1,979 -730
Net other income 637 -145
     
Net proceeds from disposal of investment property 175,973 86,752
Carrying amount of investment property disposed -135,457 -68,106
Profit on disposal of investment property 40,516 18,646
     
Net operating profit before financing activities 111,906 76,936
     
Share of the profit or loss of associates 18,321 15,829
Interest income 10,296 9,266
Interest expense -42,660 -46,098
Profit/loss before tax 97,863 55,933
     
Current income tax expense -13,803 -6,241
Deferred tax expense -3,371 -2,079
Profit for the period 80,689 47,613
     
Attributable to equity holders of the parent 80,911 47,691
Attributable to non-controlling interest -222 -78
     
Basic (=diluted) earnings per share (EUR) * 1.13 0.68
     
* calculated with the new average number of shares in accordance with IFRS