Income statements per quarter - Group

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GROUP, SEK m Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018
Net revenue1)
Property management 466.1 472.0 464.0 445.5 442.5
Parking operations 20.8 20.8 23.3 19.8 21.2
486.9 492.8 487.3 465.3 463.7
Property management expenses
Maintenance -7.3 -5.3 -5.4 -9.2 -6.3
Operation and administration -68.1 -72.3 -81.7 -65.4 -67.0
Ground rents -5.5 -5.5 -5.2
Property tax -50.4 -50.3 -41.5 -41.1 -41.7
Depreciation -1.3 -1.2
Property management expenses -127.1 -129.1 -134.1 -121.2 -120.2
Parking operations, expenses -13.0 -12.9 -12.8 -13.2 -12.5
Operating expenses -140.1 -142.0 -146.9 -134.4 132.7
Gross profit 346.8 350.8 340.4 330.9 331.0
– of which Property management 339.0 342.9 329.9 324.3 322.3
– of which Parking operations 7.8 7.9 10.5 6.6 8.7
Central administration -11.4 -10.8 -13.8 -9.9 -9.9
Operating profit before items affecting comparability and change in value 335.4 340.0 326.6 321.0 321.1
Items affecting comparability
Change in value, investment properties 960.1 331.8 1,154.1 429.0 1,444.7
Change in value, interest derivatives 1.1 2.2 4.1 5.0 8.7
Operating profit 1,296.6 674.0 1,484.8 755.0 1,774.5
Financial income and expense2) -30.7 -28.6 -26.3 -34.0 -31.8
Profit before tax 1,265.9 645.4 1,458.5 721.0 1,742.7
Tax -284.2 -145.9 -276.2 -158.7 140.8
Profit after tax 981.7 499.5 1,182.3 562.3 1,883.5
Other comprehensive income
Total comprehensive income for the period 981.7 499.5 1,182.3 562.3 1,883.5
1) Service revenue totalled SEK 45.0 million, equivalent to 5% of the total net revenue for the period Jan-June 2019. The figure for Jan-June 2018 was SEK 39.7 million, equivalent to 4%, and for Jan-Dec 2018 SEK 77.7 million, equivalent to 4%.
2) The figure for Jan-June 2019 includes SEK -11.2 million, which is attributable mainly to ground rents according to IFRS 16.