CPI FIM : Press release CPI FIM SA - Press Release 2022 Financial Results

Twelve-month period ended

€ thousands

31-Dec-22

31-Dec-21

Gross rental income

34,685

34,880

Service charge and other income

11,150

32,499

Cost of service and other charges

(10,449)

(9,719)

Property operating expenses

(3,485)

(4,048)

Net service and rental income

31,901

53,612

Hotel revenue

597

246

Hotel operating expenses

(480)

(248)

Net hotel income

117

(2)

Total revenues

46,432

67,625

Total direct business operating expenses

(14,414)

(14,015)

Net business income

32,018

53,610

Net valuation gain on investment property

62,674

263,702

Net gain on the disposal of investment property and subsidiaries

7,839

3,746

Net gain on the disposal of other investment

-

6,175

Amortization, depreciation and impairments

(2,726)

3,455

Administrative expenses

(6,679)

(14,022)

Other operating income

513

704

Other operating expenses

(554)

(827)

Operating result

93,085

316,543

Interest income

215,972

211,507

Interest expense

(125,827)

(161,231)

Other net financial result

35,826

56,554

Net finance income

125,971

106,830

Share of profit of equity-accounted investees (net of tax)

1,481

1,146

Profit before income tax

220,537

424,519

Income tax expense

(39,892)

(57,676)

Net profit for the period

180,645

366,843

€ thousands

31-Dec-22

31-Dec-21

NON-CURRENT ASSETS

Intangible assets

842

610

Investment property

1,640,110

1,514,430

Property, plant and equipment

2,752

22,193

Equity accounted investees

9,724

8,190

Other investments

61,655

52,990

Loans provided

4,568,394

4,948,061

Other receivables

76

74

Deferred tax assets

120,370

133,921

Total non-current assets

6,403,923

6,680,469

CURRENT ASSETS

Inventories

402

355

Income tax receivables

522

116

Derivative instruments

13,730

2,078

Trade receivables

6,074

6,929

Loans provided

144,579

186,859

Cash and cash equivalents

104,082

210,076

Other current assets

194,312

296,760

Total current assets

463,701

703,173

TOTAL ASSETS

6,867,624

7,383,642

EQUITY

Equity attributable to owners of the Company

1,408,219

1,238,649

Non-controlling interests

310,726

277,321

Total equity

1,718,945

1,515,970

NON-CURRENT LIABILITIES

Financial debts

4,653,862

5,400,425

Deferred tax liabilities

149,139

130,866

Other financial liabilities

5,383

4,793

Total non-current liabilities

4,808,384

5,536,084

CURRENT LIABILITIES

Financial debts

246,013

261,324

8,953

Trade payables

12,623

Income tax liabilities

10,063

687

Other current liabilities

71,596

60,624

Total current liabilities

340,295

331,588

TOTAL EQUITY AND LIABILITIES

6,867,624

7,383,642

EPRA NRV per share

amounts

to

€1.19

as

at

31

December

2022

compared

to

€1.04

as at 31 December 2021.

EPRA NDV per share

amounts

to

€1.07

as

at

31

December

2022

compared

to

€0.94

as at 31 December 2021.

31 December 2022

31 December 2021

Consolidated equity

1,408,219

1,238,649

Deferred taxes on revaluations

150,758

133,998

EPRA NRV

1,558,977

1,372,647

Number of shares (in thousands)

1,314,508

1,314,508

NRV per share (in €)

1.19

1.04

EPRA NRV

1,558,977

1,372,647

Deferred taxes on revaluations

(150,758)

(133,998)

EPRA NDV

1,408,219

1,238,649

Diluted number of shares (in thousand)

1,314,508

1,314,508

NDV per share (in €)

1.07

0.94