Segmentation by region
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| 2006 | 2005 | |||||||
| € 1,000 | CEE | SEE | Holding | Total | CEE | SEE | Holding | Total |
| Rental income (net sales) | 23,230.0 | 14,938.5 | 0.0 | 38,168.5 | 14,290.4 | 11,272.5 | 0.0 | 25,562.9 |
| Operating costs passed on to tenants | 6,512.9 | 2,930.2 | 0.0 | 9,443.1 | 3,936.4 | 1,776.3 | 0.0 | 5,712.7 |
| Gross revenues | 29,742.9 | 17,868.7 | 0.0 | 47,611.6 | 18,226.8 | 13,048.8 | 0.0 | 31,275.6 |
| Expenses directly related to the properties (including operating costs) | -8,717.8 | -4,889.0 | 0.0 | -13,606.8 | -5,503.3 | -3,471.6 | -93.3 | -9,068.2 |
| Net operating income | 21,025.1 | 12,979.7 | 0.0 | 34,004.8 | 12,723.5 | 9,577.2 | -93.3 | 22,207.4 |
| NOI as a % of the gross revenues | 70.7% | 72.6% | 0.0% | 71.4% | 69.8% | 73.4% | 0.0% | 71.0% |
| Result from the sale of properties | 0.0 | 2,976.9 | 0.0 | 2,976.9 | 0.0 | 0.0 | 0.0 | 0.0 |
| Administrative expenses | -1,914.5 | -1,008.0 | -2,703.4 | -5,625.9 | -1,400.1 | -641.5 | -196.7 | -2,238.3 |
| Other operating income | 496.6 | 127.6 | 5.7 | 629.9 | 458.7 | 104.2 | 122.4 | 685.3 |
| EBITDA | 19,607.2 | 15,076.2 | -2,697.7 | 31,985.7 | 11,782.1 | 9,039.9 | -167.6 | 20,654.4 |
| EBITDA as a % of the gross revenues | 65.9% | 84.4% | 0.0% | 67.2% | 64.6% | 69.3% | 0.0% | 66.0% |
| Revaluation gains/losses | 32,361.5 | 433.1 | 0.0 | 32,794.6 | 13,319.9 | 27,069.7 | 0.0 | 40,389.6 |
| Depreciation and amortisation | -101.1 | -895.6 | 0.0 | -996.7 | -67.1 | -759.8 | 0.0 | -826.9 |
| Operating result (EBIT) | 51,867.6 | 14,613.7 | -2,697.7 | 63,783.6 | 25,034.9 | 35,349.8 | -167.6 | 60,217.1 |
| EBIT as a % of the gross revenues | 174.4% | 81.8% | 0.0% | 134.0% | 137.4% | 270.9% | 0.0% | 192.5% |
| Financial result without foreign currency gains/losses | -9,122.0 | -5,058.4 | 4,557.7 | -9,622.7 | -6,886.4 | -3,359.2 | 2,557.7 | -7,687.9 |
| Foreign currency gains/losses | 3,669.1 | 1,433.1 | -211.4 | 4,890.8 | -2,983.2 | -2,584.9 | 686.8 | -4,881.3 |
| Net income before taxes (EBT) | 46,414.7 | 10,988.4 | 1,648.6 | 59,051.7 | 15,165.3 | 29,405.7 | 3,076.9 | 47,647.9 |
| Segment assets | 368,714.5 | 187,141.5 | 265,871.9 | 821,727.9 | 320,747.2 | 200,508.1 | 4,816.6 | 526,071.9 |
| Deferred tax assets | 389.0 | 273.0 | 4,477.8 | 5,139.8 | 765.5 | 326.7 | 85.9 | 1,178.1 |
| Balance sheet total | 369,103.5 | 187,414.5 | 270,349.7 | 826,867.7 | 321,512.7 | 200,834.8 | 4,902.5 | 527,250.0 |
| Segment liabilities | 141,433.0 | 86,139.3 | 6,689.9 | 234,262.2 | 142,191.9 | 101,277.3 | 38,597.0 | 282,066.2 |
| Deferred tax liabilities | 6,978.4 | 2,916.9 | 0.0 | 9,895.3 | 1,641.9 | 248.3 | 159.8 | 2,050.0 |
| Segment debts | 148,411.4 | 89,056.2 | 6,689.9 | 244,157.5 | 143,833.8 | 101,525.6 | 38,756.8 | 284,116.2 |
| Capital expenditure | 16,474.9 | 30,696.0 | 0.0 | 47,170.9 | 159,630.1 | 98,578.4 | 0.0 | 258,208.5 |
| Employees *) | 54 | 3 | 11 | 68 | 48 | 2 | 0 | 50 |
Segmentation by sectors
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| 2006 | 2005 | |||||
| € 1,000 | Rental income | Book value | Capital expenditure |
Rental income | Book value | Capital expenditure |
| Offices | 34,271.1 | 472,745.7 | 33,266.1 | 22,797.6 | 446,827.4 | 212,211.2 |
| Hotels | 3,897.4 | 57,301.1 | 12,930.3 | 2,765.3 | 42,500.0 | 42,351.1 |
| Property assets | 38,168.5 | 530,046.8 | 46,196.4 | 25,562.9 | 489,327.4 | 254,562.3 |
| Other assets | 0.0 | 296,820.9 | 974.5 | 0.0 | 37,922.6 | 3,646.2 |
| 38,168.5 | 826,867.7 | 47,170.9 | 25,562.9 | 527,250.0 | 258,208.5 | |
The CEE (Central Eastern Europe) segment includes companies in Hungary, Poland, Czech Republic and Slovakia. The SEE (South East Europe) segment includes companies in Romania, Bulgaria, Slovenia and Croatia. The Holding segment includes the holding companies in Austria, in the Netherlands, in Luxemburg and in Hungary.
[*] As at 31.12.2006 (2005), all companies consolidated on a proportional basis are included.