MERLIN Properties Annual Report 2022

134 | Annual report | 2022 (€ thousand) Notes FY22 FY21 Total revenues 6 439,038 382,830 Other operating income Consolidated income statement 2,650 4,277 Personel expenses 18 (39,673) (40,779) Other operating expenses 18 (73,818) (68,595) Accounting EBITDA 328,197 277,733 Costs related to acquisition and disposals 18 2,112 1,622 Other costs 18 331 837 Severances 18 0 152 Non-overhead costs 18 2,443 2,612 Long term incentive plan 18 4,014 11,498 EBITDA 334,654 291,843 Financial expenses excluding debt arrangement costs Consolidated income statement (91,532) (101,234) Equity method attributable FFO n.a 22,021 12,884 IFRS16 Adjustement n.a 0 900 Discontinued operations n.a 31,177 74,953 Current taxes n.a (5,836) (6,317) FFO 290,483 273,028 Non-overhead costs 18 (2,443) (2,612) Accounting FFO (1) 288,040 270,416 (€ thousand) Gross rental income Consolidated income statement 452,842 419,688 Revenue from rendering of services 6 10,884 5,740 Other net operating income n.a (3,003) 1,047 Revenues 460,723 426,475 RECONCILIATION OF THE ALTERNATIVE PERFORMANCE MEASURES WITH CONSOLIDATED FINANCIAL STATEMENTS (1) Excluding the long term incentive plan