IREIT Global
annual report 2014
For the period from 1 November 2013 (date of constitution) to 31 December 2014
Consolidated Statement of
Profit or Loss and Other Comprehensive Income
Group
Notes
Period from
1 November
2013 (date of
constitution) to
31 December
2014
EUR’000
Gross revenue
14
8,326
Property operating expenses
15
(801)
Net property income
7,525
Foreign exchange gain
391
Finance costs
16
(793)
Manager’s fees
(642)
Trustee’s fees
(24)
Administrative costs
(154)
Other trust expenses
17
(1,202)
Change in fair value of financial derivatives
(2)
Change in fair value of investment properties
7
(12,434)
Loss before taxation and transactions with unitholders
(7,335)
Income tax benefit
18
1,155
Loss for the period, before transactions with unitholders
(6,180)
Distributions to unitholders
(6,417)
Loss for the period, after transactions with unitholders,
representing total comprehensive loss for the period
(12,597)
Basic and diluted loss per unit (EUR cents)
19
(7.53)
The accompanying notes form an integral part of these financial statements.
