EPRA equity (NAV)

CHF million

   

31.12.2016

  

31.12.2015

Equity (NAV) according to consolidated financial statements

   

2 086.8

  

1 994.1

Dilution effects due to options, convertible bonds and other equity instruments

  

0.0

  

0.1

Diluted equity (NAV) after options, convertible bonds and other equity instruments

  

2 086.8

  

1 994.2

Plus:

      

Revaluation of investment real estate (if acquisition cost model in accordance with IAS 40)

   

–

  

–

Revaluation of investment real estate under construction (if acquisition cost model in accordance with IAS 40)

  

–

  

–

Revaluation of other assets

   

–

  

–

Revaluation of real estate tenancies under finance leases

   

–

  

–

Valuation difference on development real estate

   

8.2

  

35.0

Less:

      

Market value of derivative financial instruments

   

45.8

  

71.8

Deferred taxes

   

188.9

  

147.2

Goodwill from deferred taxes

   

–

  

–

Effect on associated companies

   

–

  

–

EPRA equity (NAV)

   

2 329.7

  

2 248.2

Number of outstanding shares (diluted)

   

15 929 586

  

15 909 656

EPRA equity (NAV) per share in CHF

   

146.25

  

141.31