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Key figures

SIMPLIFIED INCOME STATEMENT (IFRS)

Please refer to the consolidated financial statements for 2012.


(€ millions)

2012

2011
pro forma*

2011

% change/
pro forma

2010

Rental income

71.5

70.0

83.6

2.1 %

69.1

City center

41.8

40.8

50.5

 

36.4

B&B

29.7

29.1

33.1

 

32.7

Recurring rents

71.5

70.0

75.7

2.1 %

69.1

Net operating expenses

(4.1)

(4.9)

(5.0)

 

(4.3)

Administrative expenses

(11.2)

(9.0)

(9.0)

 

(8.3)

EBITDA

56.3

56.1

69.6

0.3 %

56.6

Recurring EBITDA

56.3

56.1

61.7

0.3 %

56.6

Financial expenses

(15.8)

(16.8)

(17.8)

-5.8 %

(17.6)

Cash-flow

40.4

39.3

51.8

2.9 %

38.9

Recurring cash fl ow

40.4

39.3

43.9

2.9 %

38.9

Change in fair value and income from disposals

(69.6)

 

44.9

 

37.1

Other

(35.9)

 

(0.9)

 

(1.2)

Net income

(65.1)

 

95.8

 

74.9

ICR

3.5

 

3.90

 

3.2

Cash fl ow per share (€)

1.47

 

1.89

 

1.43

Recurring cash fl ow per share (€)

1.47

 

1.60

 

1.43

Average number of shares (in millions)**

27.4

 

27.4

 

27.3

* Pro forma financial statements for 2011, restated for the disposals that took place in November 2012 and incidence of the backdated rent for the Printemps store collected in 2011.

 

SIMPLIFIED BALANCE SHEET (IFRS)

Please refer to the consolidated financial statements for 2012

(€ millions)

12/31/2012

12/31/2011

12/31/2010

Real estate assets

883.9

1 650.2

1 573.4

City center

855.1

1 137.4

1 081.2

B&B

28.8

512.8

492.2

Net debt

(291.8)

(482.3)

(459.8)

Other items

(40.0)

(10.1)

(12.9)

NAV

552.1

1 157.9

1 100.7

Hedging instruments

(17.7)

(38.6)

(35.4)

NNNAV

534.4

1 119.2

1 065.3

Investment

97.1

73.3

65.0

Loan-To-Value (%)

33.0

29.2

29.2

NAV per share (€)

31.7

42.2

40.3

NNNAV per share (€)

30.7

40.8

39.0

Number of shares at end of period (in millions)**

17.4

27.5

27.3

**    Adjusted for bonus shares awarded in 2012