Growthpoint Interactive Half Year Report 2019

Financial Management Financial Report Additional Information Portfolio Review Business Overview Notes to the Financial Statements (cont.) Section 2: Operating results, assets and liabilities 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. 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 2018 Revenue, excluding straight line lease adjustment 82,132 48,452 130,584 Property expenses (13,665) (8,163) (21,828) Net Property Income Segment results 68,467 40,289 108,756 Net changes in fair value of investment properties 64,329 37,077 101,407 Segment results 132,796 77,366 210,163 Income not assigned to segments 8,091 Expenses not assigned to segments (28,422) Net profit before income tax 189,832 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 Property values are also reported by segment and this information is reported in note 2.2. Growthpoint Properties Australia | 2019 Half Year Report 29