IMMOEAST Annual Report 2006/07

Segment CEE
Location of property Poland
Silesia Residential Silesia Residential Debowe Tarasy Debowe Tarasy Debowe Tarasy Debowe Tarasy
Company Holding Limited Project Sp. z o.o. Sp. z o.o. Sp. z o.o. II sp.k. Sp. z o.o. III sp.k. Sp. z o.o. IV sp.k.
Date of initial consolidation 9.10.2006 9.10.2006 21.11.2006 5.1.2007 5.1.2007 5.1.2007
All amounts in TEUR
Cash and cash equivalents 0.0 236.5 0.0 0.0 0.0 0.0
Financial instruments 1,668.1 0.0 0.0 0.0 0.0 0.0
Receivables and other assets 1.2 5,990.3 0.0 0.0 0.0 0.0
Deferred tax assets 0.0 35.7 0.0 0.0 0.0 0.0
Financial liabilities 0.0 -934.0 0.0 0.0 0.0 0.0
Trade accounts payable 0.0 -666.8 0.0 0.0 0.0 0.0
Other liabilities -53.2 -223.4 0.0 0.0 0.0 0.0
Provisions 0.0 -3.3 0.0 0.0 0.0 0.0
Deferred tax liabilities 0.0 -547.7 0.0 0.0 0.0 0.0
Currency translation adjustment 25.4 -109.2 0.3 0.0 0.0 0.0
Acquired net assets 1,641.5 3,778.2 0.3 0.0 0.0 0.0
(Negative) goodwill 1,905.3 1.8 0.0 0.0 0.0 0.0
Purchase price paid in cash 3,546.8 3,780.0 0.3 0.0 0.0 0.0
Less cash and cash equivalents acquired 0.0 -236.5 0.0 0.0 0.0 0.0
Net purchase price for project company 3,546.8 4,561.2 0.3 0.0 0.0 0.0
All amounts in TEUR
Property 0.0 0.0 0.0 0.0 0.0 0.0
Other non-current assets 1,894.5 86.6 0.5 5.4 0.3 0.3
Current assets 26.1 11,932.0 13.6 1,409.0 388.0 384.0
Non-current liabilities -24.9 -3,062.2 -7.8 -677.7 0.0 0.0
Current liabilities 0.0 -6,573.5 -3.5 -183.9 -1.8 -1.8
Proportional share of net assets 1,895.8 2,382.9 2.9 552.8 386.6 382.6
All amounts in TEUR
Revenues 0.0 818.2 0.0 0.0 0.0 0.0
Revaluation 0.0 0.0 0.0 0.0 0.0 0.0
Operating profit (EBIT) -4.0 -291.9 -3.4 -28.2 -1.7 -2.6
Financial results -1.6 43.4 0.0 -0.2 0.0 0.0
Income taxes 0.0 45.2 0.5 5.3 0.3 0.3
Net profit for the period -5.6 -203.3 -2.9 -23.1 -1.4 -2.3
2.3.1.1.5 MBP I Sp. z o.o. and MBP II Sp. z o.o.
During the third quarter of 2006/07 IMMOEAST completed its largest investment in Poland to date in the form of a
joint investment with Heitman European Property Partners. The acquisition of 50% stakes in the Polish MBP I Sp. z
o.o. and MBP II Sp. z o.o. transferred the Mokotow Business Park to the Company’s portfolio. The Mokotow Business
Park comprises nine office towers and is one of the most successful office projects in Warsaw.
Notes
Report by the Executive Board 131
Highlights 2006/07
Business Model and Strategy
Portfolio Structure
Corporate Governance and Outlook
Property Portfolio
Development of Business
Consolidated Financial Statements
Service and Glossary