4 Earnings from Projects & Development division
CHF million | 1st half-year | 1st half-year | ||
Income from realisation Projects & Development | 135.7 | 147.4 | ||
Direct expenses from realisation Projects & Development | –116.9 | –126.7 | ||
Earnings from realisation Projects & Development | 18.8 | 20.7 | ||
Income from sales Development | 12.1 | 22.4 | ||
Direct expenses from sales Development | –10.5 | –19.0 | ||
Income from sales Development | 1.6 | 3.4 | ||
Capitalised company-produced assets | 3.3 | 3.4 | ||
Diverse income | 0.9 | 0.6 | ||
Earnings from Projects & Development division | 24.6 | 28.1 |
Earnings from realisation Projects & Development consists of architects’ and project & development fees (CHF 10.4 million) and earnings from construction activity (CHF 11.1 million) (1st half-year 2019: CHF 11.1 million and CHF 12.1 million, respectively). This contrasts with directly offset sales deductions (CHF 2.7 million) (1st half-year 2019: CHF 2.5 million).
Income from sales Development is attributable to revenue from the projects Solistrasse in Bülach ZH (CHF 4.2 million) and Alter Züriweg in Zufikon AG (CHF 7.9 million), resulting in gains on sales of CHF 1.6 million.