Statement of comprehensive income

Note

2015

2014

Gross rental income

6

162,614

156,049

Service charge income

6

4,057

4,038

Other income

600

671

Revenues

167,271

160,758

Service charge expenses

(4,451)

(4,560)

Property operating expenses

7

(41,014)

(40,922)

(45,465)

(45,482)

Net rental income

121,806

115,276

Profit (loss) on sales of investment property

280

(869)

Positive fair value adjustment completed investment property

12

213,877

43,865

Negative fair value adjustment completed investment property

12

(923)

(17,090)

Fair value adjustments on investment property under construction

13

27,384

5,796

Net valuation gain (loss) on investment property

240,338

32,571

Administrative expenses

8

(14,949)

(13,865)

Result before finance result

347,475

133,113

Finance income

9

-

41

Net finance result

-

41

Result before tax

347,475

133,154

Income taxes

10

-

-

Result for the year

347,475

133,154

Items that will not be reclassified subsequently to comprehensive income

-

-

Items that may be reclassified subsequently to comprehensive income

-

-

Total comprehensive income for the year, net of tax

347,475

133,154

Net result attributable to shareholders

347,475

133,154

Total comprehensive income attributable to shareholders

347,475

133,154

Distributable result

19

106,857

101,452

Pay-out ratio

19

100%

100%