IMMOEAST Annual Report 2006/07

Key Data
Slovenia Croatia Serbia
Revenues in TEUR 1,113.1 1.1 1,589.7
EBIT in TEUR 9,406.0 -259.0 7,350.3
Letable space as a % of the total portfolio 1.3 1.1 1.7
Fair value in EUR million 31.3 14.5 45.8
Fair value as a % of the total portfolio 0.4% 0.2% 0.5%
6.3 Segment CIS
Overview of properties in the CIS segment
2006/07 2005/06 Change in %
Residential properties
Number of objects 1 0 -
Letable space in sqm
Retail properties
292,931 0 -
Number of objects 9 4 125.0%
Letable space in sqm
Office properties
487,300 140,500 246.8%
Number of objects 4 3 33.3%
Letable space in sqm
Logistics properties
46,627 26,672 74.8%
Number of objects 6 1 500.0%
Letable space in sqm 311,058 144,000 116.0%
Total number of objects 20 8 150.0%
Letable space in sqm 1,137,916 181,572 526.7%
Proportional share of letable space in sqm 327,449 10,990 2,879.5%
6.3.1. The market environment in CIS
Segment Reports
In the CIS (Community of Independent States) IMMOEAST completed its first direct investments in
Russia and Ukraine – the two largest countries in Europe based on area – during the 2006/07 financial
year. These two countries recorded above-average growth of 6 to 7% in spite of rising political
tensions. Numerous reforms in recent years have led to an improvement in the legal framework,
which has created greater security for foreign investors.
6.3.2. Developments in 2006/07
IMMOEAST recorded its first revenues of TEUR 24,726.6 in the CIS segment during the reporting
year, which were generated entirely in the subsegment Russia. Positive revaluation results from
Russia were contrasted with negative EBIT from Ukraine, for net EBIT of TEUR 49,193.9 million.
Report by the Executive Board 97
Highlights 2006/07
Business Model and Strategy
Portfolio Structure
Corporate Governance and Outlook
Property Portfolio
Development of Business
Consolidated Financial Statements
Service and Glossary
Economic growth of 6% to 7%
Segment revenues generated
entirely in Russia