Consolidated Income Statement

Consolidated Income Statement

in € million

Jan. 1-Mar. 31, 2021

Jan. 1-Mar. 31, 2022

Income from property letting

782.6

1,076.0

Other income from property management

19.3

99.4

Income from property management

801.9

1,175.4

Income from the disposal of properties

201.7

2,668.4

Carrying amount of properties sold

-183.4

-2,641.3

Revaluation of assets held for sale

16.0

14.0

Profit from disposal of properties

34.3

41.1

Income from the disposal of properties

84.2

253.5

Cost of sold properties

-71.4

-202.9

Profit from the disposal of properties

12.8

50.6

Net income from fair value adjustments of investment properties

2.4

404.8

Capitalized internal expenses

144.6

147.4

Cost of materials

-353.2

-492.9

Personnel expenses

-151.8

-218.4

Depreciation and amortization

-21.2

-1,114.0

Other operating income

31.4

62.4

Impairment losses on financial assets

-3.3

-11.6

Net income from the derecognition of financial assets measured at amortized cost

0.0

1.0

Other operating expenses

-52.1

-73.5

Net income from investments accounted for using the equity method

0.1

1.0

Interest income

2.2

21.5

Interest expenses

-79.0

-59.9

Other financial result

5.3

10.4

Earnings before tax

374.4

-54.7

Income taxes

-127.4

25.6

Profit for the period

247.0

-29.1

Attributable to:

Vonovia’s shareholders

234.7

-64.7

Vonovia’s hybrid capital investors

7.4

Non-controlling interests

4.9

35.6

Earnings per share (basic and diluted) in €

0.39

-0.08