Semi-Annual Report 2016

Segment information
Income statement

Segment information 
Income statement
  1.4.2016 - 30.9.2016
in CHF thousandSwitzerlandGermanyHolding 1Consolidation 2Total
      
Rental income3 9895 5010 9 490
Intercompany00526–5260
Total operating income3 9895 501526–5269 490
Real estate expense–409–344–13330–436
Maintenance and repairs–73–3370 –410
Net operating income3 5074 820513–1968 644
      
Administrative expense–342–562–1 998196–2 707
Change in market value3 5072 8290 6 336
      
Earnings before interest and taxes (EBIT)6 6727 087–1 485012 273
Net financial expenses–480–3 5822 092 –1 973
Earnings before taxes6 1923 505607010 300
Income taxes–1 467–12615 –1 573
Earnings4 7253 37962208 727
Non-cash effects in EBIT3 5072 597–1 6 103

1The segment "Holding" is comprised of Züblin Immobilien Holding AG, Züblin Immobilien Management AG, Züblin Immobilière Belgium SA and Züblin Real Estate Holding NV.

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.

    1.4.2015 - 30.9.2015
in CHF thousandSwitzerlandGermanyHolding 1Consolidation 2Total
      
Rental income3 9535 3950 9 348
Intercompany00448–4480
Total operating income3 9535 395448–4489 348
Real estate expense–244–466–46258–498
Maintenance and repairs–79–3190 –398
Net operating income3 6304 610402–1908 452
      
Administrative expense–373–626–2 237190–3 046
Result from the sale of investment properties–20–2690 –289
Change in market value1 8312 5850 4 416
      
Earnings before interest and taxes (EBIT)5 0686 300–1 83509 533
Net financial expenses–588–1 649–4 806 –7 043
Changes in market value and derecognition of swaps32400 324
Earnings before taxes4 8044 651–6 64102 814
Income taxes259–44–6 209
Earnings5 0634 607–6 64703 023
of which non-controlling interests000 0
Non-cash effects in EBIT1 8312 5710 4 402

1The segment "Holding" is comprised of Züblin Immobilien Holding AG, Züblin Immobilien Management AG, Züblin Immobilière Belgium SA and Züblin Real Estate Holding NV.

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.

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Semi-Annual Report 2016

Semi-Annual Report 2016 (0.57 MB)