Statement of financial position in accordance with INREV valuation principles

Before appropriation of result, all amounts in € thousands

As at 31 December			2015			2014
	IFRS	Adjustment	INREV	IFRS	Adjustment	INREV
Assets
Non-current assets
Investment property	526,093	-	526,093	446,309	-	446,309
Investment property under construction	193,051	-	193,051	207,867	-	207,867
	719,144	-	719,144	654,176	-	654,176

Current assets
Trade and other current receivables*	745	3,118	3,863	16,669	4,518	21,187
Cash and cash equivalents	27,626	-	27,626	19,002	-	19,002
	28,371	3,118	31,489	35,671	4,518	40,189
Total assets	747,515	3,118	750,633	689,847	4,518	694,365

Equity
Equity attributable to the owners of the Fund
Total equity	738,335	3,118	741,453	670,322	4,518	674,840

Current liabilities
Trade and other payables	4,251	-	4,251	13,573	-	13,573
Rent invoiced in advance	4,566	-	4,566	4,873	-	4,873
Tenant deposits	363	-	363	1,079	-	1,079
Total liabilities	9,180	-	9,180	19,525	-	19,525
Total equity and liabilities	747,515	3,118	750,633	689,847	4,518	694,365

Financial overviews in accordance with INREV valuation principles