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Consolidated Income Statement

for the period from January 1 until December 31

Consolidated Income Statement

in € million

Notes

2021*

2022

Revenue from property letting

3,465.0

4,724.6

Other revenue from property management

158.9

427.2

Revenue from property management

B10

3,623.9

5,151.8

Income from disposal of properties

1,122.2

3,242.4

Carrying amount of properties sold

-1,044.6

-3,172.0

Revaluation of assets held for sale

87.4

68.0

Profit from the disposal of properties

B11

165.0

138.4

Revenue from disposal of real estate inventories

519.6

588.4

Cost of sold real estate inventories

-381.7

-460.9

Profit from disposal of real estate inventories

B12

137.9

127.5

Net income from fair value adjustments of investment properties

B13

7,393.8

-1,269.8

Capitalized internal expenses

B14

662.6

673.3

Cost of materials

B15

-1,671.1

-2,501.5

Personnel expenses

B16

-682.3

-863.8

Depreciation and amortization**

D26

-3,872.6

-1,279.1

Other operating income

B17

276.9

218.8

Impairment losses on financial assets

-39.2

-49.8

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

-2.5

-2.6

Other operating expenses

B18

-388.9

-397.5

Net income from investments accounted for using the equity method

15.7

-436.6

Interest income

B19

21.5

115.5

Interest expenses

B20

-411.6

-367.6

Other financial result

B21

-137.1

10.3

Earnings before tax

5,092.0

-732.7

Income taxes

B22

-2,651.5

63.3

Profit for the period

2,440.5

-669.4

Attributable to:

Vonovia’s shareholders

2,251.5

-643.8

Vonovia’s hybrid capital investors

38.4

Non-controlling interests

150.6

-25.6

Earnings per share (diluted) in €

C24

3.59

-0.82

Earnings per share (basic) in €

C24

3.59

-0.82

  1. * Adjusted (see note [A2] Adjustment to Prior-year Figures).
  2. ** Without impairment losses on real estate holdings recognized as investment properties.