Annual Report 2011

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Consolidated income statement

in € thousand	Note	2011	2010 before adjustment	2010 adjustment	2010 after adjustment
Revenue	18.	189,975	144,189	0	144,189
Property operating costs	19.	-8,519	-7,320	0	-7,320
Property management costs	20.	-9,814	-7,892	0	-7,892
Net operating income (NOI)		171,642	128,977	0	128,977
Other operating income	21.	1,010	946	0	946
Other operating expenses	22.	-6,991	-5,891	0	-5,891
Earnings before interest and taxes (EBIT)		165,661	124,032	0	124,032
Income from investments	23.	1,261	1,413	0	1,413
Interest income		862	1,040	0	1,040
Interest expense		-65,761	-54,075	0	-54,075
Income from equity-accounted associates	24.	270	-593	0	-593
Profit/loss attributable to limited partners	25.	-15,730	-7,948	0	-7,948
Net finance costs		-79,098	-60,163	0	-60,163

Measurement gains/losses	26.	41,811	33,129	0	33,129
of which excess of identified net assets acquired over cost of acquisition in accordance with IFRS 3: € 7,888 thousand (previous year: € 13,298 thousand)
Earnings before tax (EBT)		128,374	96,998	0	96,998
Income tax expense	27.	-34,978	-15,180	-89,631	-104,811
Other taxes		0	-1	0	-1
Consolidated profit		93,396	81,817	-89,631	-7,814
Basic earnings per share (€ )	31.	1.81	1.80	-1.97	-0.17
Diluted earnings per share (€ )	31.	1.81	1.80	-1.97	-0.17