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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