IMMOEAST Annual Report 2006/07

The following table shows the consolidated proportional share of net assets at the individual company level as of the
balance sheet date and the income statement of the company for the period from the acquisition date to the balance
sheet date, which is included in the consolidated financial statements:
Segment CEE
Location of property Poland
Company Xantium Sp. z o.o.
Date of initial consolidation 4.8.2006
All amounts in TEUR 30 April 2007
Property 81,555.9
Other non-current assets 586.6
Current assets 20,437.7
Non-current liabilities -957.2
Current liabilities -380.6
Proportional share of net assets 101,242.4
All amounts in TEUR 2006/07
Revenues 2,993.8
Revaluation 719.8
Operating profit (EBIT) 2,751.1
Financial results -1,374.0
Income taxes -327.8
Net profit for the period 1,049.4
2.3.1.1.3 Equator Real Sp. z o.o., Zenith Real Sp. z o.o., Nimbus Real Sp. z o.o. and Cirrus Real Sp. z o.o.
A 51% stake was acquired in each of four Polish companies as of 28 August 2006: Equator Real Sp.z o.o., Zenith Real
Sp. z o.o., Nimbus Real Sp. z o.o. and Cirrus Real Sp.z o.o. This project involves the construction of four office buildings
in the most dynamic commercial district of the Polish capital. It will be managed by a joint venture that includes
a well-known international property developer with significant experience in Warsaw.
The following table shows the acquired assets and liabilities at fair value as well as the consolidated proportional
share of net assets at the individual company level as of the balance sheet date and the income statements of the
companies for the period from the acquisition date to the balance sheet date, which are included in the consolidated
financial statements:
Segment CEE
Location of property Poland
Equator Real Zenith Real. Nimbus Real Cirrus Real
Company Sp. z o.o. Sp. z o.o Sp. z o.o Sp. z o.o
Date of initial consolidation 28.8.2006 28.8.2006 28.8.2006 28.8.2006
All amounts in TEUR
Cash and cash equivalents 7.7 2.5 6.3 6.3
Receivables and other assets 28.5 16.3 13.8 13.8
Deferred tax assets 1.6 0.0 0.0 0.0
Property 1,048.5 1,048.5 1,048.5 1,048.5
Financial liabilities -931.0 -639.9 -607.2 -610.6
Trade accounts payable -18.1 -19.9 -17.5 -17.8
Other liabilities -133.4 -134.7 -104.8 -105.2
Deferred tax liabilities -43.8 -99.4 -106.0 -105.2
Currency translation adjustment -59.7 -56.3 -56.2 -56.2
Acquired net assets -99.6 117.1 177.0 173.6
(Negative) goodwill 2,234.8 1,899.2 1,833.0 1,836.3
Purchase price paid in cash 2,135.2 2,016.3 2,009.9 2,009.9
Less cash and cash equivalents acquired -7.7 -2.5 -6.3 -6.3
Net purchase price for property company 2,127.4 2,013.9 2,003.6 2,003.6
Notes
Report by the Executive Board 129
Highlights 2006/07
Business Model and Strategy
Portfolio Structure
Corporate Governance and Outlook
Property Portfolio
Development of Business
Consolidated Financial Statements
Service and Glossary