Consolidated statement of comprehensive income
CHF million | Notes | 1st half-year 2018 | 1st half-year 2017 | |||
Income from renting investment real estate | 97.9 | 87.5 | ||||
Income from real estate management services | 3.0 | 2.3 | ||||
Income from realisation Projects & Development | 140.1 | 163.8 | ||||
Income from sales Development | 27.5 | 65.5 | ||||
Diverse income | 1.5 | 1.1 | ||||
Operating income | 270.0 | 320.2 | ||||
Direct expenses for rented investment real estate | –8.9 | –11.1 | ||||
Direct expenses from realisation Projects & Development | –119.9 | –140.2 | ||||
Direct expenses from sales Development | –25.4 | –56.9 | ||||
Direct operating expenses | –154.2 | –208.2 | ||||
Personnel expenses | –21.3 | –23.6 | ||||
Other operating expenses | –5.8 | –6.6 | ||||
Operating expenses | –27.1 | –30.2 | ||||
Capitalised company-produced assets | 3.4 | 4.1 | ||||
Higher valuation of yield-producing properties | 13.0 | 15.3 | ||||
Lower valuation of yield-producing properties | –7.3 | –10.6 | ||||
Higher valuation of investment real estate under construction | 7.2 | 5.3 | ||||
Lower valuation of investment real estate under construction | 0.0 | –1.3 | ||||
Earnings from revaluation of investment real estate | 12.9 | 8.7 | ||||
EBITDA | 105.0 | 94.6 | ||||
Depreciation other property, plant and equipment | 0.0 | –0.2 | ||||
Amortisation intangible assets | –0.1 | 0.0 | ||||
Operating profit (EBIT) | 104.9 | 94.4 | ||||
Finance income | 0.9 | 0.9 | ||||
Finance expenses | –15.0 | –14.4 | ||||
Net profit before tax | 90.8 | 80.9 | ||||
Tax expenses | –20.5 | –14.9 | ||||
Net profit | 70.3 | 66.0 | ||||
Items subsequently restated in profit or loss statement: | ||||||
Valuation of financial instruments | 6.0 | 6.6 | ||||
Deferred taxes resulting from valuation of financial instruments | –1.3 | –1.4 | ||||
Items not subsequently restated in profit or loss statement: | ||||||
Changes in employee benefits | 2.1 | 10.3 | ||||
Deferred taxes from changes in employee benefits | –0.5 | –2.3 | ||||
Other comprehensive income | 6.3 | 13.2 | ||||
Total comprehensive income | 76.6 | 79.2 | ||||
Earnings per share in CHF | 4.42 | 4.14 | ||||
Diluted earnings per share in CHF | 4.42 | 4.14 |