Consolidated statement of comprehensive income
CHF million | Note | 2017 | 2016 | |||
Income from renting investment real estate | 179.2 | 173.3 | ||||
Income from real estate management services | 4.2 | 4.7 | ||||
Income from realisation Projects & Development | 343.2 | 414.7 | ||||
Income from sales Development | 86.4 | 232.1 | ||||
Diverse income | 2.4 | 0.6 | ||||
Operating income | 615.4 | 825.4 | ||||
Direct expenses for rented investment real estate | –24.6 | –24.4 | ||||
Direct expenses from realisation Projects & Development | –298.2 | –372.0 | ||||
Direct expenses from sales Development | –74.6 | –197.5 | ||||
Direct operating expenses | –397.4 | –593.9 | ||||
Personnel expenses | –47.6 | –49.4 | ||||
Other operating expenses | –11.9 | –12.8 | ||||
Operating expenses | –59.5 | –62.2 | ||||
Capitalised company-produced assets | 7.5 | 6.1 | ||||
Earnings from sale of investment real estate | 0.0 | 5.6 | ||||
Higher valuation of yield-producing properties | 66.2 | 108.4 | ||||
Lower valuation of yield-producing properties | –49.8 | –30.1 | ||||
Higher valuation of investment real estate under construction | 5.4 | 8.6 | ||||
Lower valuation of investment real estate under construction | 0.0 | –1.9 | ||||
Earnings from revaluation of investment real estate | 21.8 | 85.0 | ||||
EBITDA | 187.8 | 266.0 | ||||
Depreciation other property, plant and equipment | –0.2 | –0.4 | ||||
Depreciation intangible assets | –0.1 | 0.0 | ||||
Operating profit (EBIT) | 187.5 | 265.6 | ||||
Financial income | 1.7 | 1.8 | ||||
Financial expenses | –29.2 | –39.5 | ||||
Earnings before tax | 160.0 | 227.9 | ||||
Tax expenses | –30.8 | –54.3 | ||||
Net profit | 129.2 | 173.6 | ||||
Items subsequently restated in profit or loss statement: | ||||||
Valuation of financial instruments | 13.3 | 17.9 | ||||
Deferred taxes resulting from valuation of financial instruments | –3.0 | –3.9 | ||||
Items not subsequently restated in profit or loss statement: | ||||||
Changes in employee benefits | 24.5 | –7.9 | ||||
Deferred taxes from changes in employee benefits | –5.4 | 1.7 | ||||
Other comprehensive income | 29.4 | 7.8 | ||||
Total comprehensive income | 158.6 | 181.4 | ||||
Earnings per share in CHF | 8.11 | 10.90 | ||||
Diluted earnings per share in CHF | 8.11 | 10.90 |