Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
Annual report 2010 - plazacenters
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Financial statements<br />
Consolidated income statement<br />
O<br />
Br<br />
Mg<br />
Fs<br />
Ai<br />
For the<br />
For the<br />
year ended<br />
year ended<br />
December 31, December 31,<br />
<strong>2010</strong> 2009<br />
Note €’000 €’000<br />
Revenues 28 37,641 16,045<br />
Impairment losses – trading properties 10 6,710 33,893<br />
Cost of operations 29 20,853 12,970<br />
Gross profit (loss) 10,078 (30,818)<br />
Administrative expenses (*) 30 17,923 19,054<br />
Other income 31 (42,603) (280)<br />
Other expenses 31 260 39<br />
Results from operating activities 34,498 (49,631)<br />
Finance income 32 49,596 33,423<br />
Finance expenses 32 (70,773) (51,543)<br />
Net finance expenses (21,177) (18,120)<br />
Share in loss of associate 15 (381) (780)<br />
Profit/(loss) before income tax 12,940 (68,531)<br />
Tax benefit 33 (1,308) (3,819)<br />
Profit/(loss) for the year 14,248 (64,712)<br />
Profit/(loss) attributable to:<br />
Owners of the Company 10,273 (64,769)<br />
Non controlling interests 3,975 57<br />
14,248 (64,712)<br />
Basic earnings/(loss) per share (in EURO) 26 0.03 (0.23)<br />
Diluted earnings/(loss) per share (in EURO) 26 0.03 (0.23)<br />
* Including non-cash expenses due to the share option plan in the amount of EUR 2.5 million (2009: EUR 2.8 million).<br />
The notes on pages 74-135 are an integral part of these consolidated financial statements.<br />
<br />
Plaza Centers N.V. <strong>Annual</strong> <strong>report</strong> <strong>2010</strong>69
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