Consolidated Income Statement

in € million	Notes	Jan. 1– June 30, 2022	Jan. 1– June 30, 2023	Apr. 1– June 30, 2022	Apr. 1– June 30, 2023

Revenue from property letting		2,171.7	2,529.0	1,095.7	1,270.0
Other revenue from property management		207.5	227.6	108.1	109.2
Revenue from property management	B6	2,379.2	2,756.6	1,203.8	1,379.2

Income from disposal of properties		2,905.1	238.1	236.7	125.8
Carrying amount of properties sold		-2,863.2	-204.1	-221.9	-112.0
Revaluation of assets held for sale		38.3	20.4	24.3	13.2
Profit from the disposal of properties	B7	80.2	54.4	39.1	27.0

Revenue from disposal of real estate inventories		380.5	222.5	127.0	188.8
Cost of sold real estate inventories		-305.3	-199.0	-102.4	-171.3
Profit from disposal of real estate inventories	B8	75.2	23.5	24.6	17.5

Net income from fair value adjustments of investment properties	B9	3,115.9	-6,382.9	2,711.1	-2,770.7
Capitalized internal expenses		315.4	225.7	168.0	110.3
Cost of materials	B10	-1,033.8	-1,262.9	-540.9	-602.7
Personnel expenses		-423.2	-465.5	-204.8	-227.5
Depreciation and amortization*		-1,104.9	-349.8	-155.2	-319.9
Other operating income		104.9	106.3	42.5	55.2
Impairment losses on financial assets		-17.5	-6.5	-5.9	-3.6
Net income from the derecognition of financial assets measured at amortized cost		2.1	0.6	1.1	-0.6
Other operating expenses	B11	-150.6	-258.1	-77.1	-176.5
Net income from investments accounted for using the equity method*		-334.6	-12.3	-335.6	-12.2
Interest income	B12	35.8	49.9	14.3	16.6
Interest expenses	B13	-152.5	-383.2	-92.6	-187.3
Other financial result	B14	-4.4	35.5	-14.8	10.5
Earnings before tax		2,887.2	-5,868.7	2,777.6	-2,684.7
Income taxes*		-1,016.8	1,738.3	-965.6	642.4
Profit for the period		1,870.4	-4,130.4	1,812.0	-2,042.3

Attributable to:
Vonovia’s shareholders		1,715.8	-3,918.0	1,693.0	-1,955.9
Non-controlling interests		154.6	-212.4	119.0	-86.4

Earnings per share (diluted) in €		2.40	-4.81	2.32	-2.34
Earnings per share (basic) in €		2.40	-4.81	2.32	-2.34

*The impairment test for goodwill was recalculated due to the conclusion of the purchase price allocation in connection with the acquisition of Deutsche Wohnen. As a result, the impairment loss to be recognized as of June 30, 2022, decreased by € 163.5 million, the negative net income from investments accounted for using the equity method increased by € 49.3 million and also the income taxes increased by € 40.2 million.