Growthpoint Interactive Half Year Report 2018

Growthpoint Properties Australia 2018 Half Year Report 28 Consolidated Statement of Profit or Loss and Other Comprehensive Income For the half year ended 31 December 2017 Notes Half year 2017 Half year 2016 $’000 $’000 Revenue Property revenue 2.1 126,025 131,517 Distributions from investment in securities 2,429 - Straight line adjustment to property revenue 2,903 (1,072) Net changes in fair value of investment properties 102,893 27,438 Profit / (loss) on sale of investment properties 24,401 (1,312) Net change in fair value of investment in securities 2.3 6,517 - Net change in fair value of derivatives (4,177) 14,508 Loss on settlement of derivative - (6,600) Net investment income 260,991 164,479 Expenses Property expenses 2.1 (19,631) (18,041) Other expenses from ordinary activities (6,084) (5,795) Total expenses (25,715) (23,836) Profit from operating activities 235,276 140,643 Interest income 141 252 Borrowing costs (28,082) (27,647) Net finance costs (27,941) (27,395) Profit before income tax 207,335 113,248 Income tax expense (44) (243) Profit for the period 207,291 113,005 Profit attributable to: Owners of the Trust 207,827 113,117 Owners of the Company (536) (112) 207,291 113,005 Distribution to Securityholders 3.4 (72,789) (67,991) Change in net assets attributable to Securityholders / Total Comprehensive Income 134,502 45,014 Basic and diluted earnings per stapled security (cents) 31.3 17.6 The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.