Annual Report 2013 • Retail Estates • 1
15Annual report years 2013 Summary RISK MANAGEMENT 2 LETTER TO THE SHAREHOLDERS 10 MANAGEMENT REPORT 14 RETAIL ESTATES NV ON THE STOCK EXCHANGE 54 RETAIL ESTATE REPORT 62 FINANCIAL REPORT 90 PERMANENT DOCUMENT 158 MISCELLANEOUS 180 INFORMATION SHEET 185 THE FINANCIAL YEAR OF RETAIL ESTATES NV STARTS ON 1 APRIL AND ENDS ON 31 MARCH. THE KEY FIGURES BELOW ARE CONSOLIDATED FIGURES. REAL ESTATE PORTFOLIO 31/03/13 31/03/12 31/03/11 Total shop premises 499 451 448 Total lettable area in m² 521,452 428,548 419,346 Estimated fair value in EUR (incl fixed assets held for sale) 683,081,000 550,631,000 516,365,000 Estimated investment value in EUR (incl fixed assets held 698,845,000 564,777,000 528,815,000 for sale) Total annual rental income in EUR on 31 March 2013 45,144,885 37,154,000 34,260,000 Average rent prices per m² 87.16 86.85 84.76 Occupancy rate 98.13% 98.19% 98.15% Balance sheet information Shareholders' equity 269,588,000 241,336,000 229,607,000 Debt ratio R.D. 21 June 2006 (max 65%) in % 55.75% 51.08% 53.38% RESULTS Net rental income 41,402,000 35,473,000 33,845,000 Property result 40,959,000 35,203,000 33,469,000 Property charges -2,549,000 -2,165,000 -2,204,000 General costs and other operating cost and income -2,263,000 -2,194,000 -2,067,000 Operating result before result on the portfolio 36,147,000 30,844,000 29,199,000 Result on the portfolio 8,902,000 9,346,000 10,400,000 Operating result 45,029,000 40,191,000 39,599,000 Financial result -14,771,000 -12,977,000 -12,623,000 Net result 29,582,000 27,360,000 26,692,000 Net current
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