Consolidated Income Statement
Consolidated Income Statement
in € million | Jan. 1-Sep. 30, 2021 | Jan. 1-Sep. 30, 2022 | Jul. 1– Sep. 30, 2021 | Jul. 1– Sep. 30, 2022* | |||||
Income from property letting | 2,359.8 | 3,440.4 | 789.9 | 1,268.7 | |||||
Other income from property management | 57.0 | 318.5 | 19.1 | 111.0 | |||||
Income from property management | 2,416.8 | 3,758.9 | 809.0 | 1,379.7 | |||||
Income from disposal of properties | 471.7 | 3,096.6 | 114.8 | 191.5 | |||||
Carrying amount of properties sold | -403.4 | -3,039.7 | -92.6 | -176.5 | |||||
Revaluation of assets held for sale | 21.8 | 63.2 | -9.7 | 24.9 | |||||
Profit from disposal of properties | 90.1 | 120.1 | 12.5 | 39.9 | |||||
Income from disposal of real estate inventories | 328.8 | 486.9 | 137.1 | 106.4 | |||||
Cost of sold real estate inventories | -270.3 | -388.1 | -110.1 | -82.8 | |||||
Profit from disposal of real estate inventories | 58.5 | 98.8 | 27.0 | 23.6 | |||||
Net income from fair value adjustments of investment properties | 5,073.0 | 3,137.6 | 1,374.4 | 21.7 | |||||
Capitalized internal expenses | 483.5 | 490.1 | 171.3 | 174.7 | |||||
Cost of materials | -1,099.8 | -1,752.5 | -378.0 | -718.7 | |||||
Personnel expenses | -446.8 | -620.6 | -141.8 | -197.4 | |||||
Depreciation and amortization** | -255.8 | -1,136.1 | -21.5 | -31.2 | |||||
Other operating income | 186.6 | 156.4 | 121.0 | 51.5 | |||||
Impairment losses on financial assets | -15.2 | -22.6 | -7.0 | -5.1 | |||||
Net income from the derecognition of financial assets measured at amortized cost | -1.5 | 2.5 | -0.6 | 0.4 | |||||
Other operating expenses | -272.1 | -242.1 | -82.6 | -91.5 | |||||
Net income from investments accounted for using the equity method | 1.2 | -425.0 | 1.0 | -90.4 | |||||
Interest income | 4.9 | 50.6 | 1.0 | 14.8 | |||||
Interest expenses | -280.5 | -234.3 | -100.7 | -81.8 | |||||
Other financial result | -109.7 | -2.1 | -43.1 | 2.3 | |||||
Earnings before tax | 5,833.2 | 3,379.7 | 1,741.9 | 492.5 | |||||
Income taxes | -1,964.1 | -1,168.0 | -552.9 | -151.2 | |||||
Profit for the period | 3,869.1 | 2,211.7 | 1,189.0 | 341.3 | |||||
Attributable to: | |||||||||
Vonovia’s shareholders | 3,782.9 | 2,044.9 | 1,176.2 | 329.1 | |||||
Vonovia’s hybrid capital investors | 22.4 | – | 7.6 | – | |||||
Non-controlling interests | 63.8 | 166.8 | 5.2 | 12.2 | |||||
Earnings per share (basic and diluted) in € | 6.22 | 2.60 | 1.92 | 0.42 | |||||
- *The conclusion of the purchase price allocation for the Deutsche Wohnen Group resulted in an adjustment of the estimated measurement of the acquired joint ventures and associates retroactive to September 30, 2021, in the amount of € 123.6 million; € 15.6 million thereof were attributable to non-controlling interests and this increased goodwill. Likewise, the final allocation to the respective cash-generating unit was also completed retroactively, which increased the impairment loss to be recognized by € 390.4 million as of December 31, 2021.
- **Without impairment losses on real estate holdings recognized as investment properties.