Semi-Annual Report 2013-2014

Segment information
Income statement

Segment information 
Income statement
   1.4.2013 – 30.9.2013    1.4.2012 – 30.9.2012 3
in CHF thousandSwitzerlandFranceGermanyNetherlandsHolding 1Consolidation 2TotalSwitzerlandFranceGermanyNetherlandsHolding 1Consolidation 2Total
               
Rental income5 2775 0048 7854 1480023 2146 8296 12510 8075 3730029 134
Intercompany00001 073–1 073000001 205–1 2050
Total operating income5 2775 0048 7854 1481 073–1 07323 2146 8296 12510 8075 3731 205–1 20529 134
Real estate expense–600–2 409–1 236–1 0330532–4 746–633–1 714–1 413–1 3080643–4 425
Maintenance and repairs–127–216–432–29300–1 068–100–170–435–13300–838
Net operating income4 5502 3797 1172 8221 073–54117 4006 0964 2418 9593 9321 205–56223 871
               
Administrative expense–388–1 393–780–262–2 273541–4 555–439–1 533–958–336–2 416562–5 120
               
Result from the sale              
Investment properties strategic7 2963 450000010 7466 691–92 0006 599
Investment properties non-strategic00–759–2400–78300–131–1 45700–1 588
               
Change in market value              
Investment properties strategic9371 671–1 2960001 3121 708–3 288–2 031000–3 611
Investment properties non-strategic00–13 058–2 62600–15 68400–7 707–12 25300–19 960
Total change in market value9371 671–14 354–2 62600–14 3721 708–3 288–9 738–12 25300–23 571
               
Earnings before interest and taxes (EBIT)12 3956 107–8 776–90–1 20008 43614 056–672–1 868–10 114–1 2110191
Net financial expenses–2 919–5 579–5 136–2 067–1 1420–16 843–3 292–6 212–5 953–1 170–1 6420–18 269
Derecognition Swaps–3 6660–474000–4 1400–798–3 011000–3 809
Earnings before taxes5 810528–14 386–2 157–2 3420–12 54710 764–7 682–10 832–11 284–2 8530–21 887
Income taxes–2 468018000–2 450–1 67201 6510–460–67
Earnings3 342528–14 368–2 157–2 3420–14 9979 092–7 682–9 181–11 284–2 8990–21 954
of which non-controlling interests0–1 3260000–1 3260–4 5650000–4 565
Non-cash effects in EBIT9371 629–14 383–2 026–330–13 8761 708–3 409–9 801–12 616–360–24 154

1The segment “Holding” is comprised of Züblin Immobilien Holding AG, Züblin Immobilien Management AG and Züblin Immobilière Belgium SA.

2Consolidation of Intercompany Management Fees and Property Management Fees in the income statement as well as intercompany loans and current accounts in the balance sheet.

3Amounts have been adjusted based upon the restated presentation (see section 2.4 in the notes to the consolidated semi-annual financial statements).

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Semi-Annual Report 2013-2014

Semi-Annual Report 2013-2014 (1.92 MB)