MERLIN Properties Annual Report 2024

130 | Annual report | 2024 (€ thousand) Notes FY24 FY23 Total revenues 6 494,572 464,779 Other operating income Consolidated income statement 8,428 4,790 Subsidies 6 52 Personel expenses 18 (36,199) (34,845) Other operating expenses 18 (96,588) (73,325) Accounting EBITDA 370,265 361,400 Costs related to acquisition, disposals and financing 18 5,971 2,166 Other costs 18 104 300 Severances 18 34 282 Non-overhead costs 6,109 2,747 Long term incentive plan 18 2,804 2,804 EBITDA 379,179 366,952 Financial expenses excluding debt arrangement costs Consolidated income statement (84,519) (109,185) Equity method attributable FFO n.a 20,399 19,458 IFRS16 Adjustement n.a 2,062 14,751 Discontinued operations n.a - - Current taxes n.a (6,288) (7,737) FFO 310,833 284,239 Non-overhead costs n.a. (6,109) (2,747) Long term incentive plan (2,804) (2,804) Accounting FFO 301,920 278,687 (€ thousand) Gross rental income Consolidated income statement 500,380 475,614 Revenue from rendering of services 6 23,983 17,572 Other net operating income n.a (7,621) (4,918) Revenues 516,743 488,268 RECONCILIATION OF THE ALTERNATIVE PERFORMANCE MEASURES WITH CONSOLIDATED FINANCIAL STATEMENTS