|
|
5 Years key figures
(€ mln)
IFRS=
unaudited
|
2007
IFRS
|
2006
IFRS
|
2005
IFRS
|
2004
IFRS
|
2003
Dutch GAAP
|
|
|
|
|
|
|
|
|
Portfolio
|
|
|
|
|
|
|
Investment property
|
11,693
|
10,349
|
8,831
|
7,056
|
6,645
|
|
Renovation projects
|
-
|
-
|
-
|
9
|
-
|
|
Pipeline projects
|
433
|
233
|
264
|
453
|
433
|
|
Financial fixed assets
|
-
|
-
|
-
|
-
|
-
|
|
Total portfolio
|
12,126
|
10,582
|
9,095
|
7,518
|
7,078
|
|
|
|
|
|
|
|
|
Balance sheet
|
|
|
|
|
|
|
Shareholders' equity
|
7,736
|
6,487
|
5,272
|
4,297
|
4,330
|
|
External financing
|
3,808
|
3,320
|
3,303
|
2,790
|
2,495
|
|
|
|
|
|
|
|
|
Results
|
|
|
|
|
|
|
Gross rental income
|
685
|
652
|
594
|
543
|
497
|
|
Net rental income
|
593
|
563
|
504
|
458
|
423
|
|
|
|
|
|
|
|
|
Occupancy(%)
|
98.6
|
98.4
|
97.9
|
97.0
|
97.3
|
|
|
|
|
|
|
|
|
Direct result after tax
|
321
|
369
|
341
|
317
|
299
|
|
Indirect result after tax
|
1,170
|
1,156
|
941
|
71
|
(48)
|
|
|
|
|
|
|
|
|
Net profit
|
1,491
|
1,525
|
1,282
|
388
|
251
|
|
Other movements in equity
|
(32)
|
8
|
(8)
|
7
|
2
|
|
|
|
|
|
|
|
|
Total performance
|
1,459
|
1,533
|
1,274
|
395
|
253
|
|
|
|
|
|
|
|
|
Figures per share
|
|
|
|
|
|
|
Number of shares as per end of period
|
89,639,292
|
89,639,292
|
89,639,292
|
89,639,292
|
89,639,292
|
|
|
|
|
|
|
|
|
Share price €
|
|
|
|
|
|
|
Highest
|
117.84
|
100.80
|
72.85
|
59.75
|
46.92
|
|
Lowest
|
83.11
|
67.85
|
56.60
|
46.04
|
40.70
|
|
Year-end
|
85.20
|
100.80
|
70.30
|
58.40
|
46.17
|
|
Average
|
100.09
|
82.66
|
64.59
|
51.35
|
44.04
|
|
NAV per share as per end of period
|
86.30
|
72.37
|
58.81
|
47.94
|
48.31
|
|
NNNAV per share as per end of period
|
92.48
|
76.45
|
60.44
|
49.01
|
n.a.
|
|
|
|
|
|
|
|
|
Direct result per share
|
3.58
|
4.12
|
3.80
|
3.54
|
3.34
|
|
Indirect result per share
|
13.06
|
12.90
|
10.50
|
0.79
|
-0.54
|
|
|
|
|
|
|
|
|
Total earnings per share reported
|
16.64
|
17.02
|
14.30
|
4.33
|
2.80
|
|
|
|
|
|
|
|
|
Dividend per share
|
3.05
|
3.71
|
3.42
|
3.05
|
2.85
|
|
Market capitalization € mln
|
7,637
|
9,036
|
6,302
|
5,235
|
4,139
|
|
|
|
|
|
|
|
|
Ratio's
|
|
|
|
|
|
|
Return on shareholders' equity (%)
|
23.8
|
30.0
|
31.2
|
9.9
|
6.2
|
|
Dividend yield (%)
|
3.6
|
3.7
|
4.9
|
5.2
|
6.2
|
|
Loan-to-Value (%)
|
33.7
|
33.6
|
38.3
|
39.2
|
33.8
|
|
Interest cover
|
2.9
|
3.6
|
3.7
|
3.5
|
3.9
|
|
Price/earnings ratio
|
23.8
|
24.5
|
18.5
|
16.5
|
13.8
|
|
|
|
|
|
|
|
|
NEW IFRS ACCOUNTING
PRINCIPLES
|
|
Until
2004, Rodamco Europe NV (‘Rodamco Europe’) has
prepared its
financial statements in accordance with Generally Accepted Accounting
Principles in the Netherlands (Dutch GAAP).
As from January 1, 2005,
Rodamco Europe prepares its financial information (including
comparative figures 2004) in accordance with International Financial
Reporting Standards (IFRS). The 2005
figures including comparative figures 2004 are prepared on the basis of
IFRS. For the main
impact of the transition from Rodamco Europe’s previous
accounting standards (Dutch GAAP) to IFRS, we refer to
the separate document “IFRS@work”,
of which the latest version is available on the website of Rodamco
Europe (r).
|
|
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