NLvalue schreef op 25 maart 2021 15:01:
Van Garderen legt het nog een keer aan je uit branco - deze keer opletten:
On the basis of our lease administration systems, we’ve calculated that the amount in the next six months until the 31st of December will be €6.8 million and that the expected remaining amounts for 2021 and 2022 will be €5.9 million and €2.8 million, respectively. And for 2023 and onwards, the remaining amounts to amortize annually will not be really material.
As a consequence of this way of accounting, the cash flow from rents will be higher than the reported rental income, but we’re pleased to see that this effect will diminish rapidly in the next two years with some residual effect for 2023 and the years thereafter.
The direct investment result per depository receipt was €2.41, just €0.01 lower than the result for the previous year being €2.42, despite the rent concessions granted. The reason for this is that IFRS 16 is applicable to the largest part of these rent concessions amount. But it also implies that for the next six months until 31st December, the impact will be approximately €0.14 on the direct investment result per depository receipt.
In case all rent concessions could have been charged to the second quarter of this calendar year, the direct investment result per depository receipt would have only been €2.01, so €0.40 lower.