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Consolidated Income Statement

Consolidated Income Statement

in € million

Notes

Jan. 1-Jun. 30, 2021

Jan. 1-Jun. 30, 2022

Apr. 1– Jun. 30, 2021

Apr. 1– Jun. 30, 2022

Income from property letting

1,569.9

2,171.7

787.3

1,095.7

Other income from property management

37.9

207.5

18.6

108.1

Income from property management

B5

1,607.8

2,379.2

805.9

1,203.8

Income from disposal of properties

356.9

2,905.1

155.2

236.7

Carrying amount of properties sold

-310.8

-2,863.2

-127.4

-221.9

Revaluation of assets held for sale

31.5

38.3

15.5

24.3

Profit from disposal of properties

B6

77.6

80.2

43.3

39.1

Income from disposal of real estate inventories

191.7

380.5

107.5

127.0

Cost of sold real estate inventories

-160.2

-305.3

-88.8

-102.4

Profit from disposal of real estate inventories

B7

31.5

75.2

18.7

24.6

Net income from fair value adjustments of investment properties

B8

3,698.6

3,115.9

3,696.2

2,711.1

Capitalized internal expenses

312.2

315.4

167.6

168.0

Cost of materials

B9

-721.8

-1,033.8

-368.6

-540.9

Personnel expenses

-305.0

-423.2

-153.2

-204.8

Depreciation and amortization*

-234.3

-1,268.4

-213.1

-154.4

Other operating income

B17

65.6

104.9

34.2

42.5

Impairment losses on financial assets

-8.2

-17.5

-4.9

-5.9

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

-0.9

2.1

-0.9

1.1

Other operating expenses

-189.5

-150.6

-137.4

-77.1

Net income from investments accounted for using the equity method

0.2

-285.3

0.1

-286.3

Interest income

B10

3.9

35.8

1.7

14.3

Interest expenses

B11

-179.8

-152.5

-100.8

-92.6

Other financial result

B12

-66.6

-4.4

-71.9

-14.8

Earnings before tax

4,091.3

2,773.0

3,716.9

2,827.7

Income taxes

-1,411.2

-976.6

-1,283.8

-1,002.2

Profit for the period

2,680.1

1,796.4

2,433.1

1,825.5

Attributable to:

Vonovia’s shareholders

2,606.7

1,641.8

2,372.0

1,706.5

Vonovia’s hybrid capital investors

14.8

7.4

Non-controlling interests

58.6

154.6

53.7

119.0

Earnings per share (basic and diluted) in €

4.30

2.30

3.90

2.33

  1. * Without impairment losses on real estate holdings recognized as investment properties.