IMMOEAST Annual Report 2006/07

218 IMMOEAST Annual Report 2006/07
IFRS 7.20 (a)
5.9 Financial results
All amounts in TEUR 2006/07 2005/06
Interest and similar income 56,573.3 15,465.7
Interest and similar expenses -42,441.5 -17,078.6
Net financing costs 14,131.8 -1,612.9
Profit/(loss) on financial instruments and proceeds on the disposal of financial instruments 36,015.1 7,850.9
Currency translation adjustments 34,356.6 11,141.5
Profit/(loss) on financial instruments at fair value through profit or loss 12,414.6 6,829.4
Income from distributions 5,422.2 3,670.5
Share of profit/(loss) from investments in other companies 1,122.7 0.0
Profit/(loss) on financial instruments 89,331.2 29,492.3
Share of profit/(loss) from associated companies 700.6 -1,203.1
Financial results 104,163.5 26,676.3
The valuation of financial instruments at fair value through profit or loss comprises a revaluation of TEUR 13.872,1
and an impairment charge of TEUR 1,457.5. The impairment consists of a TEUR 947.1 charge to the investment in
FF&P Russia Real Estate Ltd. and a TEUR 510.4 charge to the investment in Prime Property BG Reit. These impairment
charges resulted from start-up losses and founding costs.
The share of profit/(loss) from associated companies includes distributions of TEUR 3,777.8 (2005/06: TEUR 3,009.8)
from Heitman Central Europe Property Partners II, TEUR 216.0 from Eastern Property Holdings Ltd and TEUR 597.7
(2005/06: TEUR 657.8) from FF&P Russia Real Estate Limited.
IFRS 7.20 (a) requires the disclosure of net gains and losses for each category of financial instrument defined in
IAS 39.9. This information is presented in the following table:
Designated at fair value through profit and loss Held for trading
All amounts in TEUR Investments in other companies Derivatives
Revaluation 13,872.1 1,446.5
Impairment charge -1,457.5 -364.5
Net gains/(losses) 12,414.6 1,082.0
Currency translation adjustments are immaterial, and are therefore not shown separately.
5.10 Income taxes
Additional information on this balance sheet position is provided under point 3.13.
This item includes income taxes paid or owed by Group companies as well as provisions for deferred taxes.
All amounts in TEUR 2006/07 2005/06
Income tax expense -11,926.1 -2,900.2
Deferred taxes -97,343.0 -34,754.1
Total -109,269.1 -37,654.3
The difference between calculated income tax expense and actual income expense for 2006/07 as shown on the
income statement is due to the following factors: