Retail Estates SA2012年年度报告.pdf

1、Retail Estates sa-Rapport annuel 2011-fi.bevastgoedbevak-sicafiindustrielaan 6b-1740 Risk management 4Letter to the shareholders 10Management report 14Retail Estates nv on the stock exchange 42Real Estate report 50Financial report 70Permanent document 120Miscellaneous 138Shopping at your doorstep201

2、2annual reportRetail Estates sa-Rapport annuel 2011-fi.bevastgoedbevak-sicafiindustrielaan 6b-1740 Risk management 4Letter to the shareholders 10Management report 14Retail Estates nv on the stock exchange 42Real Estate report 50Financial report 70Permanent document 120Miscellaneous 138Shopping at yo

3、ur doorstep2012annual reportREtail EstatEs saaNNUal REPORt 2012NivellesBrico Belgium nv:1.578 m Avenue du Centenaire 421400 NivellesNeuprEuroventes sprl,Point Carr sprl,Brantano nv:3.000 m Route du Condroz 74120 NeuprwThe financial year of Retail Estates runs from 1 April to 31 March.The key figures

4、 below are consolidated figures incorporating the subsidiariesTOTAL PORTFOLIO31/03/1231/03/1131/03/10total shop premises451448399total lettable area in m 428 548419 346398 754Estimated fair value in EUR(incl assets held for sale)550 631 000516 365 000449 600 000Estimated investment value in EUR(incl

5、 assets held for sale)564 777 000528 815 000460 780 000total annual rental income on 31 March 201237 154 00034 260 00032 517 807average rent prices per m86.8584.7681.55Occupancy rate98.19%98.15%98.25%BALANCE SHEET INFORMATIONshareholders equity 241 336 000229 607 000191 040 000Debt ratio RD 21 June

6、2006(max 65%)in%51.08%53.38%53.77%RESULTSNet rental income35 473 00033 845 00030 500 000Property result35 204 00033 469 00030 202 000Property charges-2 165 000-2 204 000-2 110 000General costs and other operation cost and income-2 194 000-2 067 000-1 930 000Operation result before result on the port