Consolidated statement of comprehensive income
CHF million | Notes | 1st half-year 2020 | 1st half-year 2019 | |||
Income from renting investment real estate | 100.1 | 101.9 | ||||
Income from realisation Projects & Development | 135.7 | 147.4 | ||||
Income from sales Development | 12.1 | 22.4 | ||||
Diverse income | 0.9 | 0.6 | ||||
Operating income | 248.8 | 272.3 | ||||
Direct expenses for rented investment real estate | –13.2 | –11.4 | ||||
Direct expenses from realisation Projects & Development | –116.9 | –126.7 | ||||
Direct expenses from sales Development | –10.5 | –19.0 | ||||
Direct operating expenses | –140.6 | –157.1 | ||||
Personnel expenses | –20.0 | –20.8 | ||||
Other operating expenses | –5.3 | –5.7 | ||||
Operating expenses | –25.3 | –26.5 | ||||
Capitalised company-produced assets | 3.3 | 3.4 | ||||
Higher valuation of yield-producing properties | 23.1 | 39.3 | ||||
Lower valuation of yield-producing properties | –12.9 | –15.0 | ||||
Higher valuation of investment real estate under construction | 17.5 | 5.9 | ||||
Lower valuation of investment real estate under construction | 0.0 | 0.0 | ||||
Earnings from revaluation of investment real estate | 27.7 | 30.2 | ||||
EBITDA | 113.9 | 122.3 | ||||
Depreciation other property, plant and equipment | –0.1 | –0.1 | ||||
Amortisation intangible assets | 0.0 | –0.1 | ||||
Operating profit (EBIT) | 113.8 | 122.1 | ||||
Financial income | 1.2 | 0.7 | ||||
Financial expense | –9.1 | –9.6 | ||||
Net profit before tax | 105.9 | 113.2 | ||||
Tax expense | –19.5 | –24.0 | ||||
Net profit | 86.4 | 89.2 | ||||
Earnings per share in CHF | 5.43 | 5.61 | ||||
Diluted earnings per share in CHF | 5.43 | 5.61 |
1 The consolidated half-year financial statements 2020 were prepared in accordance with Swiss GAAP FER for the first time. The previous year’s figures have been restated accordingly, see section 2 of the selected notes