IMMOEAST Annual Report 2006/07

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112 IMMOEAST Annual Report 2006/07 IMMOEAST AG Segment reporting (continued) Segmentation by sector 2006/07 2005/06 All amounts in TEUR Revenues Investments Assets Revenues Investments Assets Offices 74,054.4 951,490.3 1,437,435.3 44,318.2 469,165.9 959,998.6 Logistics/commercial 68,544.1 527,685.9 1,330,476.6 30,453.6 586,315.0 709,785.1 Residential 55.4 0.3 1,076.0 69.0 0.0 1,494.3 Parking 3,497.3 0.0 67,884.8 1,844.9 216.5 39,963.4 Other 46,769.2 1,685.2 907,814.3 3,328.7 0.0 72,105.4 Total 192,920.4 1,480,861.7 3,744,687.1 80,014.5 1,055,697.5 1,733,232.4 Shares in associated companies 372,468.6 21,574.4 Investments in other companies 284,227.3 93,089.3 Other assets 2,326,810.7 839,557.8 Total Group assets 6,728,193.7 2,687,453.9
IMMOEAST AG Consolidated cash flow statement Segment reporting The following table shows the adjustment of operating profit (EBIT) to exclude non-cash components. CEE SEE CIS All amounts in TEUR 2006/07 2006/07 2006/07 Operating profit (EBIT) 298,432.4 223,150.8 49,193.9 Revaluation of properties -232,746.1 -210,901.6 -49,447.4 Depreciation and amortisation Gain/loss on the sale of 22,058.4 4,746.0 16,668.0 non-current assets -14,026.2 0.0 16.6 Other non-cash income/(expenses) 163.7 -4,189.9 495.7 Income taxes paid -1,583.1 -1,187.7 -4,149.0 Cash EBIT 72,299.0 11,617.7 12,777.9 Revenues 142,200.9 25,992.9 24,726.6 Cash EBIT margin 50.8% 44.7% 51.7% Other and Group eliminations IMMOEAST Group All amounts in TEUR 2006/07 2006/07 Operating profit (EBIT) -29,488.5 541,288.7 Revaluation of properties 0.0 -493,095.1 Depreciation and amortisation 343.9 43,816.3 Gain/loss on the sale of non-current assets -0.1 -14,009.7 Other non-cash income/(expenses) -2,132.6 -5,663.1 Income taxes paid -33.7 -6,953.5 Cash EBIT -31,310.9 65,383.6 Revenues 0.0 192,920.4 Cash EBIT margin 0.0% 33.9% Report by the Executive Board 113 Highlights 2006/07 Business Model and Strategy Portfolio Structure Corporate Governance and Outlook Property Portfolio Development of Business Consolidated Financial Statements Service and Glossary
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And just what does this bring you?
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Contents Report by the Executive Bo
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Dear Shareholders, The goals set by
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EBIT: +246.4% in EUR million As of
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6 5 7 Key investments In August 200
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13 In December 2006 IMMOEAST acquir
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Advance to number 2 in Continental
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Broad-based diversification of the
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PL, Katowice, Debowe Tarasy - Siles
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Prime Property: leading property de
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Management contract Asset managemen
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Outlook and strategic goals Propert
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The geographic structure of the por
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Ukraine & Russia: first direct inve
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In addition to the increased stabil
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Sector let space. Other purchases o
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Higher share of development project
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The largest single investment in th
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Sector Short-term investment of cap
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Capital Market & Development of Sha
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Strengthening of investor relations
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Corporate Governance Report Commitm
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Transactions with related parties I
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ment of independence from the audit
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Investment Programme 2007/08 Invest
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Strategic partnerships 9.0% Investm
Page 63 and 64: Subsequent Events — TriGránit Ur
Page 65 and 66: CZ-Prague Pankrác House CZ-Prague
Page 67 and 68: RO-Bucharest Pipera II RO-Bucharest
Page 69 and 70: RUS-Moscow iNi Rostokino SK-Bratisl
Page 71 and 72: The Development of Business in 2006
Page 73 and 74: 3. Corporate Profile IMMOEAST is on
Page 75 and 76: Russia 15.2% Bulgaria 0.3% Slovenia
Page 77 and 78: 2006/07. However, the extensive inv
Page 79 and 80: Results for 2006/07 tion of these i
Page 81 and 82: The SEE segment generated TEUR 223,
Page 83 and 84: 5.2 Financial position Cash flow st
Page 85 and 86: Non-current liabilities Non-current
Page 87 and 88: The expected net operating income f
Page 89 and 90: 6.1.2. Development of business in C
Page 91 and 92: Recreation/hotel properties 1.5% Re
Page 93 and 94: The development of business in Pola
Page 95 and 96: 6.2 Segment SEE Overview of propert
Page 97 and 98: The development of business in Roma
Page 99 and 100: Key Data Slovenia Croatia Serbia Re
Page 101 and 102: Key data on Russia Revenues in TEUR
Page 103 and 104: Consolidated Financial Statements o
Page 105 and 106: IMMOEAST AG Consolidated income sta
Page 107 and 108: IMMOEAST AG Consolidated cash flow
Page 109 and 110: Segment reporting Report by the Exe
Page 111 and 112: CIS Segment reporting Ukraine Other
Page 113: Segment reporting C I S Transition
Page 117 and 118: CIS Segment reporting Report by the
Page 119 and 120: The principle of fair presentation
Page 121 and 122: the measurement of the cost of the
Page 123 and 124: Proportionate consolidation is a me
Page 125 and 126: Potential voting rights are to be c
Page 127 and 128: Notes IMMOEAST made the following a
Page 129 and 130: Holding A Vienna IMMOEAST Projekt B
Page 131 and 132: The following table shows the conso
Page 133 and 134: Segment CEE Location of property Po
Page 135 and 136: 2.3.1.1.7 Passat Real Sp. z o.o. Th
Page 137 and 138: 2.3.1.3.2 Diamant Real s.r.o. The C
Page 139 and 140: centre of Prague, is almost fully l
Page 141 and 142: The following table shows the acqui
Page 145 and 146: 2.3.3 Segment South-Eastern Europe
Page 149 and 150: 2.3.3.3.2 Klyos Media s.r.l. On 9 O
Page 151 and 152: 2.3.3.3.5 SBACARO s.r.l. The SIBIU
Page 153 and 154: 2.3.3.3.9 S.C. IE Baneasa Project s
Page 155 and 156: 2.3.3.3.12 S.C. Union Investitii s.
Page 157 and 158: 2.3.3.4 Regional subsegment Serbia
Page 159 and 160: 2.3.4Impactofinitialconsolidations
Page 161 and 162: Segment CEE CEE CEE CEE CEE CEE Loc
Page 163 and 164: Segment CEE CEE CEE CEE CEE Locatio
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Segment CEE CIS CIS CIS CIS Locatio
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Segment SEE SEE SEE SEE SEE Locatio
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Segment SEE SEE SEE SEE SEE Locatio
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2.3.5 Structural changes/change in
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The following exchange rates, which
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Subsequent expenditures on an intan
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3.4 Investment property Additional
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Financing costs are capitalised in
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lessee’s interest in both land an
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3.10.7 Limited partnership interest
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The provision is based on the best
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4. Notes to the Balance Sheet 4.1 P
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The carrying values of properties u
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The results of the calculation are
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The first category includes land th
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All amounts in TEUR Goodwill Carryi
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4.3.2a.8 Centre Invest Goodwill 4,0
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4.3.2b.5 BB Centrum Building C Good
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4.3.4 Differences arising from the
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Investments in other companies incl
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The other investments recognised at
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Thereof not impaired and due within
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4.10 Financial liabilities Addition
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Report by the Executive Board Highl
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4.11 Trade accounts payable Thereof
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The corporate income tax rate in Bu
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The impairment charges to the follo
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5.6 Other operating expenses All am
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All amounts in TEUR 2006/07 2005/06
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7. Segment Reporting IFRS 8 Operati
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IMMOEAST is a property company that
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Segment liabilities consist of fina
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upward potential for the valuation
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The market value represents the amo
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8.4 Transactions with related parti
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8.4.8 Remuneration of corporate bod
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Group companies of IMMOEAST AG Nomi
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Nominal Initial Company Country Hea
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Opinion Our audit did not give rise
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Analysis of Results As of 9 October
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Analysis of Results As of 13 July 2
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Analysis of Results liabilities and
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Analysis of Results The following t
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Analysis of Results Romania reporte
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Slovakia IMMOEAST AG acquired 10% o
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Valuation Certificates Romania Valu
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Valuation Certificates Report by th
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Financial Calendar 13 September 200
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IMMOEAST Annual Report 2006/07

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