MERLIN Properties Annual Report 2023

134 | Annual report | 2023 (€ thousand) Notes FY23 FY22 Total revenues 6 464,779 439,038 Other operating income Consolidated income statement 4,790 2,650 Personel expenses 18 (34,845) (39,673) Other operating expenses 18 (73,325) (73,818) Accounting EBITDA 361,400 328,197 Costs related to acquisition, disposals and financing 18 2,166 2,112 Other costs n.a. 300 331 Severances 18 282 - Non-overhead costs 2,747 2,443 Long term incentive plan 18 2,804 4,014 EBITDA 366,952 334,654 Financial expenses excluding debt arrangement costs Consolidated income statement (109,185) (91,532) Equity method attributable FFO n.a 19,458 22,021 IFRS16 Adjustement n.a 14,751 - Discontinued operations n.a - 31,177 Current taxes n.a (7,737) (5,836) FFO 284,239 290,483 Non-overhead costs n.a. (2,747) (2,443) Accounting FFO (1) 281,491 288,040 (€ thousand) Gross rental income Consolidated income statement 475,614 452,842 Revenue from rendering of services 6 17,572 10,884 Other net operating income n.a (4,918) (3,003) Revenues 488,268 460,723 RECONCILIATION OF THE ALTERNATIVE PERFORMANCE MEASURES WITH CONSOLIDATED FINANCIAL STATEMENTS (1) Excluding the long term incentive plan