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Financial results

Consolidated comprehensive result - Form Royal Decree of 13.07.2014 (x 1,000 EUR)

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A. NET RESULT 31.03.2020 31.03.2019 31.03.2018 31.03.2017 31.03.2016
Rental income  60 965  55 193 52 834 52 256  49 263
Writeback of lease payments sold and discounted  2 361  2 196 2 696 3 118  2 816
Rental-related expenses   7   705 -  147   -  7
Net rental income  63 332  58 094 55 383 55 374  52 072
Recovery of property charges   235   18 -  23 1 642   13
Recovery income of charges and taxes normally payable by the tenant on let properties  24 725  24 262 31 135 28 937  14 477
Costs payable by the tenant and borne by the landlord on rental damage and redecoration at end of lease   161 -  917 -  425 -  614 -  251
Charges and taxes normally payable by the tenant on let properties - 27 270 - 30 199 -37 054 -32 197 - 16 992
Property result  61 182  51 259 49 016 53 142  49 319
Technical costs -  808 - 1 200 -  947 -1 498 - 1 182
Commercial costs -  580 -  336 -  529 -  411 -  252
Taxes and charges on unlet properties - 2 074 - 2 410 -3 140 -3 183 - 2 245
Property management costs - 6 703 - 6 059 -5 312 -5 369 - 5 227
Property charges - 10 164 - 10 005 -9 928 -10 461 - 8 906
Property operating result  51 018  41 254 39 088 42 681  40 413
Corporate management costs - 2 873 - 2 597 -2 277 -2 301 - 3 185
Operating result before result on the portfolio  48 145  38 658 36 811 40 380  37 228
Gains or losses on disposals of investment properties   742  2 224 27 522   382   194
Changes in fair value of investment properties  13 699  8 149 4 072   544  7 581
Other result on the portfolio - 3 229 - 1 393 -1 115   64 -  466
Operating result  59 357  47 638 67 290 41 370  44 537
Financial income  1 789  1 412 4 820 1 323  1 286
Net interest charges - 5 829 - 6 429 -7 697 -7 462 - 8 851
Other financial charges -  190 -  138 -  181 -  280 -  233
Changes in fair value of financial assets and liabilities - 10 879 - 14 288 4 333 6 185 - 33 532
Financial result - 15 109 - 19 443 1 275 -  234 - 41 330
Share in the result of associated companies and joint ventures   177   134   119   137   429
Pre-tax result  44 425  28 328 68 684 41 273  3 636
Corporate tax - 2 227 - 2 049 -1 552 -2 704 - 1 746
Exit tax -  160 -  103 -  1 -  37 -  86
Taxes - 2 387 - 2 151 -1 553 -2 741 - 1 832
Net result  42 037  26 177 67 131 38 532  1 804
Minority interests   136 - 1 385 -1 345 -1 332 - 1 386
Net result - Group share  42 174  24 792 65 786 37 200   418
B. OTHER ELEMENTS OF THE GLOBAL RESULT RECYCABLE IN THE INCOME STATEMENT 31.03.2020 31.03.2019 31.03.2018 31.03.2017 31.03.2016
Impact on fair value of estimated transaction costs resulting from hypothetical disposal of investment properties          
Change in the effective part of the fair value of authorised cash flow hedging instruments as defined under IFRS          
Impact of the recycling on the income statement of hedging instruments which relationship with the hedged risk was terminated     -  578 2 820  1 726
Share in the other elements of the global result of associated companies and joint ventures       20   21 -  8
Convertible bonds  6 306 - 3 734      
Other elements of the global result  6 306 - 3 734 -  558 2 841  1 718
Minority interests          
Other elements of the global result - Group share  6 306 - 3 734 -  558 2 841  1 718
C. GLOBAL RESULT 31.03.2020 31.03.2019 31.03.2018 31.03.2017 31.03.2016
Global result  48 343  22 443 66 574 41 373  3 522
Minority interests   136 - 1 385 -1 345 -1 332 - 1 386
Global result - Group share  48 480  21 058 65 229 40 041  2 136