annual report 2009 - bei der Hamborner REIT AG

to our sHareHolders management report Financial statements supplementary inFormation
Explanatory notes on the profit and loss
account
(1) Net rental incomes
The revenue from rents and leases of the properties
shown in the balance sheet in accordance with
IAS 40 amounts to €22,451,000 in the reporting
year. An increase of €2,726,000 resulted overall
year-on-year, which arises as the difference from
the property acquisitions of the current year and of
the previous year (€3,178,000 ), from rent losses as
a result of property sales (- €485,000), from other
rent decreases (- €372,000) and from increased
earnings from rent guarantees (€405,000 ).
Charges for incidental costs passed on to tenants
mainly entail heating costs, property levies and
other incidental rental costs which are apportionable
in accordance with the arrangements under
leasing contract laws. The corresponding revenues
increased by €546,000 in the reporting year. The
increase in the revenues from charges passed on
amounting to €564,000 arises as a balance from
the change in the property portfolio, whereas the
revenues from the passing on of incidental costs
decreased by - €18,000 overall in the case of the
other properties remaining in the portfolio.
in T€ 2009 2008
Revenue from rents
and leases
Retail trade spaces
Office spaces and medical
14,205 13,233
practices 6,176 4,636
Manufacturing and other
industrial areas 627 627
Homes 536 695
Garages/car parking spaces 84 55
Other lettings and leasings
(agricultural leasings, licensing
agreements etc.) 130 191
Earnings from rent guarantees 693 288
Total 22,451 19,725
Income from the charge for
incidental costs passed on to
tenants 2,419 1,873
Total 24,870 21,598
Current operating expenses
Property and building main-
-3,666 -3,026
tenance -1,264 -1,109
Net rental incomes 19,940 17,463
80 Hamborner reit ag | annual report 2009
The ongoing operating expenses entail inter alia
the expenses for energy, property levies, insurance
premiums, ground rents and land taxes and may
mainly be passed on to the tenants within the frame-
work of arrangements under leasing contract laws.
They increased by €640,000 as a result of the
growth in the property portfolio and amount to
€3,666,000. The expenses for property and building
maintenance amount to €1,264,000 after
€1,109,000 in the previous year.
in T€ 2009 2008
Current operating
expenses
Energy, water and the like 1,451 1,235
Property levies 412 368
Land taxes 642 574
Ground rents 729 552
Insurance premiums
Rents and leases for
298 221
third-party land 16 14
Other 118 62
Total 3,666 3,026
Property and building
maintenance 1,264 1,109
Total 4,930 4,135
(2) Administrative expenditure
The item includes the Articles of Association-
attributable costs for the general shareholders'
meeting, Supervisory Board and statutory auditor
as well as relevant costs of administration. It
decreased year-on-year by a total of €291,000 and
amounts to €751,000. The reduction arises mainly
due to a decrease in the Supervisory Board remuneration,
which is result-dependent to a substantial
amount, and to the costs of the general shareholders'
meeting.