Consolidated statement of comprehensive income
CHF million | Notes | 1st half-year 2019 | 1st half-year 2018 | |||
Income from renting investment real estate | 102.6 | 97.9 | ||||
Income from real estate management services | 0.0 | 3.0 | ||||
Income from realisation Projects & Development | 147.4 | 140.1 | ||||
Income from sales Development | 22.4 | 27.5 | ||||
Diverse income | 0.6 | 1.5 | ||||
Operating income | 273.0 | 270.0 | ||||
Direct expenses for rented investment real estate | –11.4 | –8.9 | ||||
Direct expenses from realisation Projects & Development | –126.7 | –119.9 | ||||
Direct expenses from sales Development | –19.0 | –25.4 | ||||
Direct operating expenses | –157.1 | –154.2 | ||||
Personnel expenses | –21.3 | –21.3 | ||||
Other operating expenses | –4.1 | –5.8 | ||||
Operating expenses | –25.4 | –27.1 | ||||
Capitalised company-produced assets | 3.4 | 3.4 | ||||
Higher valuation of yield-producing properties | 39.3 | 13.0 | ||||
Lower valuation of yield-producing properties | –15.5 | –7.3 | ||||
Higher valuation of investment real estate under construction | 5.9 | 7.2 | ||||
Lower valuation of investment real estate under construction | 0.0 | 0.0 | ||||
Earnings from revaluation of investment real estate | 29.7 | 12.9 | ||||
EBITDA | 123.6 | 105.0 | ||||
Depreciation other property, plant and equipment | –1.7 | 0.0 | ||||
Amortisation intangible assets | –0.1 | –0.1 | ||||
Operating profit (EBIT) | 121.8 | 104.9 | ||||
Finance income | 0.7 | 0.9 | ||||
Finance expenses | –14.5 | –15.0 | ||||
Net profit before tax | 108.0 | 90.8 | ||||
Tax expenses | –22.9 | –20.5 | ||||
Net profit | 85.1 | 70.3 | ||||
Items subsequently restated in profit or loss statement: | ||||||
Valuation of financial instruments | 4.5 | 6.0 | ||||
Deferred taxes resulting from valuation of financial instruments | –1.0 | –1.3 | ||||
Items not subsequently restated in profit or loss statement: | ||||||
Changes in employee benefits | 4.5 | 2.1 | ||||
Deferred taxes from changes in employee benefits | –1.0 | –0.5 | ||||
Other comprehensive income | 7.0 | 6.3 | ||||
Total comprehensive income | 92.1 | 76.6 | ||||
Earnings per share in CHF | 5.36 | 4.42 | ||||
Diluted earnings per share in CHF | 5.36 | 4.42 |