Growthpoint Interactive Half Year Report 2018

Growthpoint Properties Australia 2018 Half Year Report 34 Notes to the Financial Statements continued Section 2: Operating results, assets and liabilities 2.1 Segmental information The Group operates wholly within Australia and derives income directly and indirectly from property investments. The Group segments net property income and property revaluations into Office and Industrial segments and those results are shown below: Office Industrial Total $’000 $’000 $’000 Statement of profit or loss and other comprehensive income for the half year to 31 December 2017 Revenue, excluding straight line lease adjustment 78,742 47,283 126,025 Property expenses (12,519) (7,112) (19,631) Net Property Income Segment results 66,223 40,171 106,394 Net changes in fair value of investment properties 62,648 40,244 102,893 Profit on sale of investment properties 1,908 22,493 24,401 Segment results 130,779 102,908 233,688 Income not assigned to segments 11,990 Expenses not assigned to segments (38,343) Net profit before income tax 207,335 Statement of profit or loss and other comprehensive income for the half year to 31 December 2016 Revenue, excluding straight line lease adjustment 77,515 54,002 131,517 Property expenses (10,564) (7,477) (18,041) Net Property Income Segment results 66,951 46,525 113,476 Net changes in fair value of investment properties 9,430 18,008 27,438 Loss on sale of investment properties - (1,312) (1,312) Segment results 76,381 63,221 139,602 Loss not assigned to segments 252 Expenses not assigned to segments (26,606) Net profit before income tax 113,248 Property values are also reported by segment and this information is reported in note 2.2. in this section ... This section shows the assets used to generate the Group’s trading performance and provides information on the office and industrial property segments that make up that performance. It also shows the liabilities incurred as a result. Liabilities relating to the Group’s financing activities are addressed in Section 3. On the following pages, there are sections covering investment properties, other non-current assets and acquisitions and disposals.