IMMOEAST Annual Report 2006/07

Recommendations

Info

240 IMMOEAST Annual Report 2006/07 Nominal Initial Company Country Headquarters capital consolidation Transition consolidation increase in investment or structural change MY BOX Rakovnik s.r.o. CZ Prague 200,000 CZK 50.00% 20.11.2006 Q MY BOX Sokolov s.r.o. CZ Prague 200,000 CZK 50.00% 20.11.2006 Q MY BOX Hranice s.r.o. CZ Prague 200,000 CZK 50.00% 20.11.2006 Q Debowe Tarasy Sp. z o.o. PL Warsaw 50,000 PLN 70.00% 21.11.2006 Q Grand Zagreb d.o.o. CRO Zagreb 20,000 HRK 80.00% 30.11.2006 V Grand Centar d.o.o. CRO Zagreb 20,000 HRK 80.00% 30.11.2006 V Trevima Ltd. CY Limassol 10,000 CYP 100.00% 30.11.2006 V OOO Torgoviy Dom Na Khodinke RU Moscow 7,285 RUB 100.00% 30.11.2006 V Business Park West-Sofia EAD BG Sofia 500,000 BGN 100.00% 12.12.2006 V Blue Danube Holding Ltd. M Floriana 1,500 EUR 100.00% 12.12.2006 V BB C - Building A, k.s. CZ Prague 20,000 CZK 100.00% 13.12.2006 V BB C - Building B, k.s. CZ Prague 20,000 CZK 100.00% 13.12.2006 V BB C - Building C, k.s. CZ Prague 90,000 CZK 100.00% 13.12.2006 V Fobos Investment Sp. z o.o. PL Warsaw 50,000 PLN 50.00% 14.12.2006 Q SC EFG Urban Achizitii s.r.l. RO Bucharest 1,000 RON 89.00% 14.12.2006 V MY BOX Pribram s.r.o. CZ Prague 200,000 CZK 50.00% 15.12.2006 Q SBACARO s.r.l. RO Cluj 4,000 RON 50.00% 15.12.2006 Q Logistic Contractor s.r.l. RO Ilfov 200 RON 100.00% 18.12.2006 V SCT s.r.o. SK Bratislava 52,916,000 SKK 100.00% 21.12.2006 V FMZ TM s.r.l. RO Cluj 4,000 RON 50.00% 22.12.2006 Q S+B CEE BETA CYPRUS LIMITED CY Nicosia 10,000 CYP 50.00% 29.12.2006 Q S+B CEE GAMMA CYPRUS LIMITED CY Nicosia 10,000 CYP 50.00% 29.12.2006 Q S+B CEE DELTA CYPRUS LIMITED CY Nicosia 10.000 CYP 50.00% 29.12.2006 Q Debowe Tarasy Sp. z o.o. II sp.k. PL Katowice 1,860,239 PLN 70.00% 5.1.2007 Q Debowe Tarasy Sp. z o.o. III sp.k. PL Katowice 1,861,085 PLN 70.00% 5.1.2007 Q Debowe Tarasy Sp. z o.o. IV sp.k. PL Katowice 1,900,535 PLN 70.00% 5.1.2007 Q Loberta Holdings Ltd. CY Nicosia 1,000 CYP 51.00% 10.1.2007 1.3.2007 Q Roches Ventures Ltd. CY Nicosia 1,000 CYP 41.00% 10.1.2007 1.3.2007 Q Alacor Construction LLC UA Kiev 50,000 UAH 41.00% 10.1.2007 Q Alacor Scorta LLC UA Kiev 50,000 UAH 41.00% 10.1.2007 Q Alacor City LLC UA Kiev 100,000 UAH 41.00% 10.1.2007 Q Central Business Center Rt. H Budapest 172,042,584 HUF 100.00% 15.1.2007 V S.C. Arbor Corporation s.r.l. RO Bucharest 13,500 RON 90.00% 29.1.2007 V S.C. IE Baneasa Project s.r.l. RO Bucharest 200 RON 100.00% 1.2.2007 V MY BOX Breclav s.r.o. CZ Prague 200,000 CZK 50.00% 12.2.2007 Q MY BOX Jablonec nad Nisou s.r.o. CZ Prague 200,000 CZK 50.00% 12.2.2007 Q Eye Shop Targu Jiu s.r.l. RO Bucharest 200 RON 50.00% 19.2.2007 Q Log Center Ploiesti s.r.l. RO Bucharest 200 RON 50.00% 19.2.2007 Q Log Center Brasov s.r.l. RO Bucharest 200 RON 50.00% 19.2.2007 Q STOP.SHOP.Lucenec s.r.o. SK Bratislava 200,000 SKK 50.00% 19.2.2007 Q STOP.SHOP.Ruzomberok s.r.o. SK Bratislava 200,000 SKK 50.00% 19.2.2007 Q STOP.SHOP.Zvolen s.r.o. SK Bratislava 200,000 SKK 50.00% 19.2.2007 Q Gordon Invest Netherlands B.V. NL Amsterdam 18,000 EUR 100.00% 22.2.2007 V Centre Investments s.r.o. CZ Brno 100,000 CZK 100.00% 28.2.2007 V Brno Estates a.s. CZ Brno 2,000,000 CZK 100.00% 28.2.2007 V Delta Park a.s. CZ Prague 1,000,000 CZK 100.00% 1.3.2007 V IMMOEAST Iride IV Project s.r.l. RO Bucharest 200 RON 100.00% 1.3.2007 V BEWO d.o.o. Banja Luka BIH Banjaluka 2,000 BAM 50.00% 5.3.2007 Q Currency Stake Type of consolidation
Nominal Initial Company Country Headquarters capital consolidation Currency Stake Report by the Executive Board 241 Highlights 2006/07 Business Model and Strategy Portfolio Structure Corporate Governance and Outlook Property Portfolio Development of Business Consolidated Financial Statements Service and Glossary Transition consolidation increase in investment or structural change Lasuvu Consultants Ltd. CY Nicosia 1,000 CYP 100.00% 6.3.2007 V S.C. Union Investitii S.r.l. RO Bucharest 2,000 RON 25.00% 7.3.2007 Q SCP s.r.o. SK Bratislava 200,000 SKK 50.00% 19.3.2007 Q S.C. Valero Invest s.r.l. RO Bucharest 1,760,000 RON 100.00% 20.3.2007 V Immoeast Luxembourg 1 SARL LU Luxembourg 12,500 EUR 100.00% 22.3.2007 V Immoeast Luxembourg 2 SARL LU Luxembourg 12,500 EUR 100.00% 22.3.2007 V Passat Real Sp. z o.o. PL Warsaw 50,000 PLN 100.00% 27.3.2007 V Hekuba SARL LU Luxembourg 12,500 EUR 100.00% 28.3.2007 V Log Center Iasi s.r.l. RO Bucharest 200 RON 50.00% 29.3.2007 Q Eye Shop Hunedoara s.r.l. RO Bucharest 200 RON 50.00% 29.3.2007 Q S.C. Baneasa 6981 s.r.l. RO Bucharest 5,550,000 RON 100.00% 5.4.2007 V Bewo International d.o.o. Beograd SRB Belgrade 500 EUR 50.00% 13.4.2007 Q S+B CEE ZETA CYPRUS LIMITED CY Nicosia 10,000 CYP 50.00% 18.4.2007 Q S+B CEE EPSILON CYPRUS LIMITED CY Nicosia 10,000 CYP 50.00% 20.4.2007 Q S+B CEE ETA CYPRUS LIMITED CY Nicosia 10,000 CYP 50.00% 20.4.2007 Q *) Owner as of 7.9.2006 (IE instead of IW). **) Merged with Immoeast Cora Holding s.r.l. as of 21.9.2006. ***) IE Projekt Caelum: 20% stake sold to Generali. ****) Merged with Mistral Real Sp.z o.o. as of 29.1.2007. V = Full consolidation, Q = Proportionate consolidation, E = Equity method These consolidated financial statements were completed and signed by the Executive Board of IMMOEAST AG on 5July 2007. Vienna, 5 July 2007 THE EXECUTIVE BOARD OF IMMOEAST AG Group companies Norbert Gertner Karl Petrikovics Member Chairman Christian Thornton Edgar Rosenmayr Member Deputy Member The consolidated financial statements of IMMOEAST AG and all relevant documents were filed with the Company Register of the Commercial Court of Vienna under Registry Number 189637d. Type of consolidation
Page 1 and 2:
385��
Page 3 and 4:
��
Page 5 and 6:
OF RT OF RS LG OF RT RS OF RT RS OF
Page 7 and 8:
��
Page 9 and 10:
And just what does this bring you?
Page 11 and 12:
Contents Report by the Executive Bo
Page 13 and 14:
Dear Shareholders, The goals set by
Page 15 and 16:
EBIT: +246.4% in EUR million As of
Page 17 and 18:
6 5 7 Key investments In August 200
Page 19 and 20:
13 In December 2006 IMMOEAST acquir
Page 21 and 22:
Advance to number 2 in Continental
Page 23 and 24:
Broad-based diversification of the
Page 25 and 26:
PL, Katowice, Debowe Tarasy - Siles
Page 27 and 28:
Prime Property: leading property de
Page 29 and 30:
Management contract Asset managemen
Page 31 and 32:
Outlook and strategic goals Propert
Page 33 and 34:
��
Page 35 and 36:
The geographic structure of the por
Page 37 and 38:
Ukraine & Russia: first direct inve
Page 39 and 40:
In addition to the increased stabil
Page 41 and 42:
Sector let space. Other purchases o
Page 43 and 44:
Higher share of development project
Page 45 and 46:
The largest single investment in th
Page 47 and 48:
Sector Short-term investment of cap
Page 49 and 50:
Capital Market & Development of Sha
Page 51 and 52:
Strengthening of investor relations
Page 53 and 54:
Corporate Governance Report Commitm
Page 55 and 56:
Transactions with related parties I
Page 57 and 58:
ment of independence from the audit
Page 59 and 60:
Investment Programme 2007/08 Invest
Page 61 and 62:
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 and 114:
Segment reporting C I S Transition
Page 115 and 116:
IMMOEAST AG Consolidated cash flow
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 143 and 144:
Page 145 and 146:
2.3.3 Segment South-Eastern Europe
Page 147 and 148:
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
Page 165 and 166:
Segment CEE CIS CIS CIS CIS Locatio
Page 167 and 168:
Segment SEE SEE SEE SEE SEE Locatio
Page 169 and 170:
Segment SEE SEE SEE SEE SEE Locatio
Page 171 and 172:
2.3.5 Structural changes/change in
Page 173 and 174:
The following exchange rates, which
Page 175 and 176:
Subsequent expenditures on an intan
Page 177 and 178:
3.4 Investment property Additional
Page 179 and 180:
Financing costs are capitalised in
Page 181 and 182:
lessee’s interest in both land an
Page 183 and 184:
3.10.7 Limited partnership interest
Page 185 and 186:
The provision is based on the best
Page 187 and 188:
4. Notes to the Balance Sheet 4.1 P
Page 189 and 190:
The carrying values of properties u
Page 191 and 192: The results of the calculation are
Page 193 and 194: The first category includes land th
Page 195 and 196: All amounts in TEUR Goodwill Carryi
Page 197 and 198: 4.3.2a.8 Centre Invest Goodwill 4,0
Page 199 and 200: 4.3.2b.5 BB Centrum Building C Good
Page 201 and 202: 4.3.4 Differences arising from the
Page 203 and 204: Investments in other companies incl
Page 205 and 206: The other investments recognised at
Page 207 and 208: Thereof not impaired and due within
Page 209 and 210: 4.10 Financial liabilities Addition
Page 211 and 212: Report by the Executive Board Highl
Page 213 and 214: 4.11 Trade accounts payable Thereof
Page 215 and 216: The corporate income tax rate in Bu
Page 217 and 218: The impairment charges to the follo
Page 219 and 220: 5.6 Other operating expenses All am
Page 221 and 222: All amounts in TEUR 2006/07 2005/06
Page 223 and 224: 7. Segment Reporting IFRS 8 Operati
Page 225 and 226: IMMOEAST is a property company that
Page 227 and 228: Segment liabilities consist of fina
Page 229 and 230: upward potential for the valuation
Page 231 and 232: The market value represents the amo
Page 233 and 234: 8.4 Transactions with related parti
Page 235 and 236: 8.4.8 Remuneration of corporate bod
Page 237 and 238: Group companies of IMMOEAST AG Nomi
Page 239 and 240: Nominal Initial Company Country Hea
Page 241: Nominal Initial Company Country Hea
Page 245 and 246: Opinion Our audit did not give rise
Page 247 and 248: Analysis of Results As of 9 October
Page 249 and 250: Analysis of Results As of 13 July 2
Page 251 and 252: Analysis of Results liabilities and
Page 253 and 254: Analysis of Results The following t
Page 255 and 256: Analysis of Results Romania reporte
Page 257 and 258: Slovakia IMMOEAST AG acquired 10% o
Page 259 and 260: Valuation Certificates Romania Valu
Page 261 and 262: Valuation Certificates Report by th
Page 267 and 268: Financial Calendar 13 September 200
show all

IMMOEAST Annual Report 2006/07

Create successful ePaper yourself

Delete template?

Save as template?