I. Rental income Writeback of Lease Payments Sold and Discounted The amount respresents the difference between the discounted value, at the beginning and at the end of the year, of the futurte inflation-linked payments on the lease contracts which receivables have been sold. II. Writeback of lease payments sold and discounted Net rental income Recovery of Property Charges The amount of income linked to the property that has been recovered from the tenant. IV. Recovery of property charges Recovery of Rental Charges and Taxes Normally Payable By Tenants on Let Properties The amount of income linked to the charges and taxes that have been recovered from the tenant, since the tenant should normally pay these expenses. V. Recovery of rental charges and taxes normally paid by tenants on let properties Costs Payable By The Tenant and Borne By The Landlord on Rental Damage and Repair at End of Lease The amount of expenses that were borne by the landlord on rental damage of investment property and the repair at the end of the lease. VI. Costs payable by the tenant and borne by the landlord on rental damage and repair at end of lease Other Rental Related Income and Expenses The amount of rental related income (expense) that the entity does not separately disclose in the same statement or note. VIII. Other rental-related income and charges Technical Costs The amount of direct technical expenses (including repairs and maintenance) arising from investment property. IX. Technical costs Commercial Costs The amount of operating expenses arising from the commercial acitivities for investment property. X. Commercial costs Charges and Taxes on Unlet Properties The amount of charges and taxes arising from unlet investment property. XI. Charges and taxes on unlet properties XII. Property management costs Other Property Costs The amount of other operating expenses arising from investment property. XIII. Other property charges Property Charges The amount of other operating expenses arising from investment property. Property charges Property Operating Result The profit (loss) from operating activities of the entity before overhead costs and other operating expenses / income. Property operating result XIV. Overheads XV. Other operating income and charges Operating Result before Result on Portfolio The profit (loss) from operating activities of the entity before the result on the portfolio. Operating result before result on portfolio XVI. Gains and losses on disposals of investment properties Gains (Losses) on Disposals of Other Non Financial Assets XVII. Gains and losses on disposals of other non-financial assets The gains (losses) on disposals of other non-financial assets. XVIII. Changes in fair value of investment properties Other Result on Portfolio Other result on portfolio realised by the organisation follwoing the consolidation or mergers. XIX. Other result on portfolio XX. Financial income XXII. Other financial charges Gains (Losses) on Change in Fair Value of Financial Assets and Liabilities The gains (losses) resulting from change in the fair value of financial assets and liabilities recognised in profit or loss. XXIII. Changes in fair value of financial assets and liabilities Net finance costs XXIV. Share in the profit or loss of associates and joint ventures accounted for using the equity method Exit Tax Expense (Income) The movement of exit taxes payable (recoverable) in the current reporting period. XXVI. Exit tax Tax expense I. Profit (loss) Attributable to: Non-controlling interests Owners of the parent Profit (loss) Basic earnings per share (€) Diluted earnings per share (€) II. Other comprehensive income recyclable under the income statement Impact on The Fair Value of Estimated Transaction Rights and Costs Resulting from The Hypothetical Disposal of Investment Properties Adjustments for gains (losses) arising from a change in the fair value of estimated transaction rights and costs resulting from the hypothetical disposal of investment property to reconcile profit (loss) to net cash flow from (used in) operating activities. A. Impact on fair value of estimated transaction costs resulting from hypothetical disposal of investment properties B. Changes in the effective part of the fair value of authorised cash flow hedge instruments as defined under IFRS D. Currency translation differences linked to conversion of foreign activities H. Other comprehensive income, net of taxes Consolidated comprehensive income Attributable to: Non-controlling interests Owners of the parent ASSETS I. Non-current assets A. Goodwill B. Intangible assets C. Investment properties D. Other tangible assets E. Non-current financial assets F. Finance lease receivables Non Current Receivables and Other Non Current Assets The amount of non-current trade receivables and non- current other receivables and the amount of other non-current assets that the entity does not separately disclose in the same statement or not. G. Trade receivables and other non-current assets H. Deferred tax assets Investments in Associates and Joint Ventures Accounted for Using Equity Method I. Equity-accounted investments The amount of investments in associates and joint ventures accounted for using the equity method. II. Current assets A. Assets classified as held for sale B. Current financial assets C. Finance lease receivables D. Trade receivables Current Tax Assets and Other Current Assets The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods and the amount of current assets (incl. current other receivabes) that the entity does not separately disclose in the same statement or note. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period. E. Tax receivables and other current assets G. Deferred charges and accrued income EQUITY AND LIABILITIES EQUITY A. Capital B. Share premium account Reserves A component of equity representing reserves within equity, including retained earnings. C. Reserves a. Legal reserve Reserve for Balance of Changes in Fair Value of Investment Properties A component of equity representing accumulated changes in fair value of investment properties. b. Reserve for the balance of changes in fair value of investment properties Reserve for Balance of Changes in Fair Value of Authorised Hedging Instruments Qualifying for Hedge Accounting as Defined Under I F R S A component of equity representing accumulated changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS. d. Reserve for the balance of changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS Reserve for balance of changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under I F R S A component of equity representing accumulated changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS. e. Reserve for the balance of changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS Reserve of exchange differences relating to foreign currency monetary items A component of equity representing reserve of exchange differences relating to foreign currency monetary items. f. Reserve of exchange differences relating to foreign currency monetary items g. Foreign currency translation reserves Reserve for treasury shares A component of equity representing reserve for treasury shares. h. Reserve for treasury shares Reserve for deferred taxes on investment properties located abroad A component of equity representing reserve for deferred taxes on investment properties located abroad. k. Reserve for deferred taxes on investment properties located abroad Other Reserve A component of equity representing reserves within equity, not including retained earnings. m. Other reserves n. Result brought forward from previous years Reserve for share of net income and other comprehensive income of equity method invest A component of equity representing reserve for share of net income and other comprehensive income of equity method invest. o. Reserve- share NI & OCI of equity method invest Net Result of The Period The total of net result of the year calculated as the income less expenses, excluding the components of other comprehensive income. D. Profit (loss) of the year II. Non-controlling interests LIABILITIES I. Non-current liabilities A. Provisions Longterm Bank Borrowings The non-current portion of non-current bank borrowings. a. Borrowings c. Other C. Other non-current financial liabilities a. Authorised hedges Miscellaneous Other Noncurrent Financial Liabilities The amount of miscellaneous other non-current financial liabilities. b. Other Noncurrent Trade Payables and Other Noncurrent Liabilities The amount of non-current trade payables and non- current other payables and the amount of non-current liabilities that the entity does not separately disclose in the same statement or note. D. Trade debts and other non-current debts E. Other non-current liabilities F. Deferred tax liabilities II. Current liabilities A. Provisions Current Bank Borrowings and Current Portion of Noncurrent Bank Borrowings The amount of current bank borrowings and current portion of non-current bank borrowings. [Refer: Borrowings] a. Borrowings c. Other C. Other current financial liabilities Exit Taxes Current The current amount of corporate income tax on capital gains arising from the merger of a BE-REIT with a company that is not a BE-REIT. a. Exit tax Other Tax Liabilities Current The current amount of other current tax liabilities. [Refer: Current tax liabilities] b. Other E. Other current liabilities F. Accrued charges and deferred income CASH FLOW FROM OPERATING ACTIVITIES Tax expense Adjustments for Depreciation and Impairment on Tangible and Intangible Assets Adjustments for depreciation and impairment loss (reversal of impairment loss) on tangible and intangible assets to reconcile profit (loss) to net cash flow from (used in) operating activities. Amortisation, depreciation and write-downs Change in fair value of investment properties (+/-) Changes in fair value of the derivatives Goodwill impairment Net finance costs Changes in working capital requirements Increase (decrease) in working capital Changes in working capital requirements Documentation Changes in net assets resulting from foreign exchange differences linked to the conversion of foreign operations (+/-) Net cash from operating activities CASH FLOW RESULTING FROM INVESTING ACTIVITIES Development of investment properties The cash outflow for the development of investment property. Purchase of marketable investment properties and development projects Purchase of intangible and other tangible assets Purchase of intangible and other tangible assets Purchase of intangible and other tangible assets Purchase of intangible and other tangible assets Disposals of investment properties Cash flows from (used in) decrease (increase) in non current receivables The cash inflow (outflow) due to a decrease (increase) in non-current receivables. Net changes in non-current receivables Net cash from investing activities CASH FLOW FROM FINANCING ACTIVITIES Capital increase, net of costs Dividend for previous fiscal year and interim dividend Net changes in other non-current financial liabilities Net financial items received (+) / paid (-) Net cash from financing activities Total cash flow for the period Total cash flow for the period Equity attributable to owners of the parent Capital Share premium account Reserves [Member] Reserves This member stands for a component of equity representing reserves within equity including retained earnings. a. Legal reserve Reserve for Balance of Changes in Fair Value of Investment Properties [Member] b. Reserve for the balance of changes in fair value of investment properties This member stands for a component of equity representing accumulated changes in fair value of investment properties. Reserve for Balance of Changes in Fair Value of Authorised Hedging Instruments Qualifying for Hedge Accounting As Defined Under I F R S [Member] d. Reserve for the balance of changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS This member stands for a component of equity representing accumulated changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS. Reserve for Balance of Changes in Fair Value of Authorised Hedging Instruments Not Qualifying for Hedge Accounting As Defined Under I F R S [Member] e. Reserve for the balance of changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS This member stands for a component of equity representing accumulated changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS. Reserve of Exchange Differences Relating to Foreign Currency Monetary Items [Member] f. Reserve of exchange differences relating to foreign currency monetary items This member stands for a component of equity representing reserve of exchange differences relating to foreign currency monetary items. g. Foreign currency translation reserves Reserve for Treasury Shares [Member] h. Reserve for treasury shares This member stands for a component of equity representing reserve for treasury shares. Reserve for Deferred Taxes on Investment Properties Located Abroad [Member] k. Reserve for deferred taxes on investment properties located abroad This member stands for a component of equity representing reserve for deferred taxes on investment properties located abroad. m. Other reserves n. Result brought forward from previous years Reserve for Share of Net Income and Other Comprehensive Income of Equity Method Invest [Member] o. Reserve- share NI & OCI of equity method invest This member stands for a component of equity representing reserve for share of net income and other comprehensive income of equity method invest. Net Result of Period [Member] Profit (loss) This member stands for a component of equity representing net result of the financial period. Non-controlling interests Consolidated Statement of Changes in Equity Capital increase in cash Capital increase in kind Appropriation of the previous year's result Increase (Decrease) Through Other Transfer Relating to Asset Disposals Other transfer relating to asset disposals The increase (decrease) in equity resulting from other transfer relating to asset disposals. Increase (Decrease) Through Transfers Between Reserves Transfers between reserves The increase (decrease) in equity resulting from transfers between reserves. Other and roundings Notes to the Consolidated Financial Statements General information Disclosure of authorisation of financial statements Basis of preparation Statement of IFRS compliance Disclosure of going concern Disclosure of changes in accounting policies Disclosure of first-time adoption Disclosure of basis of consolidation Consolidation principles – Subsidiaries Description of accounting policy for investment in associates Description of accounting policy for investments in joint ventures Consolidation of foreign entities Description of accounting policy for intangible assets and goodwill Description of accounting policy for goodwill Description of accounting policy for impairment of financial assets Description of accounting policy for business combinations Intangible Assets Investment Properties Description of accounting policy for depreciation expense Other tangible assets Non-current financial assets Description of accounting policy for derivative financial instruments and hedging Description of accounting policy for hedging Description of accounting policy for financial instruments Deferred tax assets, Deferred tax liabilities and Corporate tax and exit tax Description of accounting policy for deferred income tax Assets held for sale Description of accounting policy for non-current assets or disposal groups classified as held for sale Provisions Other non-current financial liabilities – Other Current debts Description of accounting policy for leases Corporate tax and exit tax Operating segments Disclosure of revenue Disclosure of Net Rental Income [Explanatory] The entire disclosure of net rental income. Net rental income Disclosure of leases Disclosure of profit (loss) from operating activities Disclosure of Property Result [Explanatory] Property result The entire disclosure of property result. Disclosure of Property Operating Result [Explanatory] The entire disclosure of property operating result. Property operating result Overheads Audit fees Related party transactions Disclosure of share-based payment arrangements Employee benefits expense Disclosure of information about employees Disclosure of information about key management personnel Other operating income and charges Disclosure of other operating expense Disclosure of Gains and Losses on Disposals of Investment Properties [Explanatory] The entire disclosure of gains and losses on disposals of investment properties. Gains and losses on disposals of investment properties Disclosure of Gains and Losses on Disposals of Other Non Financial Assets [Explanatory] Gains and losses on disposals of other non-financial assets The entire disclosure of gains and losses on disposals of other non-financial assets. Disclosure of Changes in Fair Value of Investment Properties [Explanatory] Changes in fair value of investment properties The entire disclosure of changes in fair value of investment properties. Disclosure of Other Result on Portfolio [Explanatory] Other result on portfolio The entire disclosure of other result on portfolio. Disclosure of finance income (cost) Financial income Net interest charges Disclosure of interest income Disclosure of interest expense Disclosure of effect of changes in foreign exchange rates Disclosure of interest income (expense) Share in the profit or loss of associates and joint ventures Tax Deferred taxes Earnings per share Disclosure of intangible assets and goodwill Goodwill Intangible assets Disclosure of impairment of assets Disclosure of depreciation and amortisation expense Investment properties Disclosure of property, plant and equipment Disclosure of Other Tangible Assets [Explanatory] Other tangible assets The entire disclosure of other tangible assets. Disclosure of other non-current assets Disclosure of other non-current liabilities Disclosure of other current liabilities Disclosure of collateral Trade receivables Disclosure of Tax Receivables and Other Current Assets [Explanatory] Tax receivables and other current assets The entire disclosure of tax receivables and other current assets. Disclosure of tax receivables and payables Disclosure of other current assets Disclosure of financial instruments at fair value through profit or loss Cash and cash equivalents Disclosure of Deferred Charges and Accrued Income [Explanatory] Deferred charges and accrued income The entire disclosure of deferred charges and accrued income. Equity Disclosure of issued capital Disclosure of reserves within equity Disclosure of treasury shares Disclosure of dividends Provision Disclosure of insurance contracts Borrowings Disclosure of borrowings Disclosure of debt instruments Disclosure of borrowing costs Disclosure of financial instruments Hedging instruments Disclosure of fair value of financial instruments Disclosure of Accrued Charges and Deferred Income [Explanatory] Accrued charges and deferred income The entire disclosure of accrued charges and deferred income. Disclosure of accrued expenses and other liabilities Disclosure of deferred income Financial risk management Debt structure Liquidity risk Interest rate risk, Banking counterparty risk and Exchange rate risk Contingencies and commitments Commitments Contingent liabilities Post-closing events List of subsidiaries, associates and joint ventures Disclosure of subsidiaries Disclosure of associates Disclosure of joint ventures Disclosure of Belgian Regulated Real Estate Company Status [Explanatory] Belgian RREC status The entire disclosure of Belgian regulated real estate company status. Fair value Disclosure of non-controlling interests Disclosure of Alternative Performance Measures [Explanatory] Alternative Performance Measures (APMs) The entire disclosure of alternative performance measures (APMs). Rental Related Charges III. Rental-related charges The amount of rental-related charges. Rental Charges and Taxes Normally Payable By Tenants on Let Properties The amount of rental charges and taxes normally payable by tenants on let investment properties. VII. Charges and taxes not recovered by the tenant on let properties XXV. Corporate tax and deferred taxes j. Reserve for actuarial gains and losses of defined benefit pension plans Equity attributable to owners of the parent B. Non-current financial debts B. Current financial debts D. Trade debts and other current debts Adjustment for non monetary items Adjustments for non-monetary items Adjustment for non monetary items F. Cash and cash equivalents Other adjustment for non monetary items Other adjustment for non-monetary items Other Adjustment For Non-monetary Items Adjustments for gains (losses) on disposal of investment properties Adjustments for gain (loss) on disposals of investment property to reconcile profit (loss) to net cash flow from (used in) operating activities. Gains and losses on disposals of investment properties Property Result The profit (loss) from operating activities directly related to the investment property. Property result Acquisitions / disposals of treasury shares Purchase Of Real Estate Companies Purchase Of Real Estate Companies Purchase Of Real Estate Companies Purchase of real estate companies Development Costs Development Costs Cash aspect of the Development Costs for Investment properties Development costs Net changes in borrowings Cash Flows From Used In Increase Decrease In Current Borrowings Net Changes in Borrowings Reserve for actuarial gains and losses of defined benefit pension plans [Member] j. Reserve for actuarial gains and losses of defined benefit pension plans Reserve For Actuarial Gains And Losses Of Defined Benefit Pension Plans Consolidation principles – Associates and joint ventures Disclosure of Changes in Fair Value of Financial Assets and Liabilities [Explanatory] Changes in fair value of financial assets and liabilities The entire disclosure of charges in fair value of financial assets and liabilities. Trade payables and other currents debts