Annual Report 2012 - ORCO Germany

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Consolidated income statement
The accompanying notes form an integral part of these consolidated financial statements.
12 months 12 months
Note 2012 2011
Revenue 5 181,032 63,765
Sale of goods 119,532 1,140
Rent 51,692 53,164
Services 9,809 9,461
Net gain or loss from fair value
adjustments on Investment Property 5/8 18,050 13,095
Other operating income 4,161 656
Net result on disposal of assets 5/8/10/13 463 9,866
Cost of goods sold 5/12 (118,544) (626)
Employee benefits 21 (7,060) (6,746)
Amortisation, impairments and provisions 20 (26,812) 5,665
Other operating expenses 21 (32,078) (30,397)
Operating result 19,212 55,278
Interest expenses 16 (23,624) (33,051)
Interest income 2,064 2,170
Other net financial results 22 (1,578) 6,456
Financial result (23,138) (24,425)
Share profit or loss from equity affiliates 2.1 - 1
Profit or loss before income taxes (3,926) 30,853
Income taxes 19 (11,722) (9,562)
Current income taxes (630) (2,632)
Deferred taxes (11,092) (6,930)
Impact of assets held for sale - (0)
Profit from continuing operations (15,648) 21,291
Total profit or loss attributable to:
Non controlling interests 125 14
Owners of the Company (15,773) 21,277
Basic earnings in EUR per share (0.18) 0.45
Diluted earnings in EUR per share (0.18) 0.45
ANNUAL CONSOLIDATED FINANCIAL STATEMENTS | 2