CA Immobilien Anlagen AG2014年年度报告.pdf

1、AnnuAl RepoRt 2014DelIVeRInG VAlue KEY FIGURES INCOME STATEMENT 2014 2013 restatedRental income m145.2 194.9EBITDA m149.1 216.0Operating result(EBIT)m142.9 243.6Net result before taxes(EBT)m84.6 103.7Consolidated net income m70.8 75.8Operating cash flow m99.6 140.7Capital expenditure m184.0 368.7FFO

2、 I(excl.Trading and pre taxes)m70.0 63.4FFO II(incl.Trading and after taxes)m135.1 68.6 BALANCE SHEET 2014 2013 restatedTotal assets m3,670.9 4,040.6Shareholders equity m1,951.7 1,794.3Long and short term interest-bearing liabilities m1,229.2 1,710.9Net debt m1,061.3 1,079.8Net asset value(EPRA NAV)

3、-diluted m2,148.2 2,144.4Triple Net asset value(EPRA NNNAV)-diluted m2,011.6 1,981.0 Gearing%54 60 Equity ratio%53 44 Equity-to-fixed-assets ratio%69 63 RoE 2)in%3.8 4.3 ROCE 3)in%4.9 8.4 EVA 4)m10.8 99.6 Gross LTV%45.6 63.2 Net LTV%39.4 39.9 PROPERTY PORTFOLIO 5)2014 2013 restatedTotal usable space

4、(excl.parking,excl.projects)6)sqm2,233,988 2,379,251Gross yield investment properties%6.6 6.6Fair value of properties m3,583.4 3,628.0 1)Key figures include all fully consolidated properties,i.e.all properties wholly owned by CA Immo.The comparative figures for the previous year have been adapted 2)

5、Return on Equity(profit-generating efficiency)=consolidated net income after minority interests/average equity(without minority interests)3)Return On Capital Employed(ROCE)=net operating profit after tax(NOPAT)/capital employed 4)EVA(economic value added)is a registered trademark of Stern Stewart&Co

6、;EVA=capital employed*(ROCE WACC);WACC 2014=4.50%5)Includes fully consolidated real estate(wholly owned by CA Immo)and real estate in which CA Immo holds a proportionate share(at equity).The comparative figures for the previousyear have been adapted 6)incl.Superaedificates and rentable open landscap