MERLIN Properties Annual Report 2018 / English

ı 101 ı Annual Report 20 18 RECONCILIATION OF THE ALTERNATIVE PERFORMANCE MEASURES WITH CONSOLIDATED FINANCIAL STATEMENTS (€ thousand) Notes 2018 2017 Total revenues 19a 590,431 463,294 Other operating income Consolidated income statement 6,978 4,289 Personal expenses 19c (73,941) (71,759) Other operating expenses 19b (56,274) (51,994) Extraordinary income (Testa Residencial) 19a (89,721) - Extraordinary income (Aedas) 19a (22,242) - Accounting EBITDA 355,232 343,830 Costs related to acquisition and disposals 19b 4,802 4,110 Other costs 19b 118 702 Severances 19c 98 140 Non-overhead costs 19b y 19c 5,018 4,952 Long term incentive plan 19c 43,435 43,839 EBITDA 403,685 392,621 Financial expenses excluding debt arrangement costs 19d y 15.5 (119,298) (108,374) Equity method net income n/d 6,987 7,398 Minorities Balance Sheet - (110) Current taxes n/d (4,517) (2,369) FFO 286,857 289,167 Non-overhead costs 19b y 19c (5,018) (4,952) Accounting FFO 281,839 284,215 (€ thousand) Notes 2018 2017 Gross rental income 9,2 499,708 469,405 Revenue from rendering of services 19a 114,758 8,213 Extraordinary income (Testa Residencial) 19a (89,721) - Extraordinary income (Aedas) 19a (22,242) - Other operating income Consolidated Income statement 6,978 4,289 Additional income within the total revenues n/d 27 2,430 Revenues 509,508 484,337