Income statements per quarter - Group

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GROUP, SEK m Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Net revenue1)
Property management 472.0 464.0 445.5 442.5 445.1
Parking operations 20.8 23.3 19.8 21.2 21.5
492.8 487.3 465.3 463.7 466.6
Property management expenses
Maintenance -5.3 -5.4 -9.2 -6.3 -3.6
Operation and administration -72.3 -81.7 -65.4 -67.0 -69.0
Ground rents -5.5 -5.5 -5.2 -5.6
Property tax -50.3 -41.5 -41.1 -41.7 -41.6
Depreciation -1.2
Property management expenses -129.1 -134.1 -121.2 -120.2 -119.8
Parking operations, expenses -12.9 -12.8 -13.2 -12.5 -12.6
Operating expenses -142.0 -146.9 -134.4 132.7 -132.4
Gross profit 350.8 340.4 330.9 331.0 334.2
– of which Property management 342.9 329.9 324.3 322.3 325.3
– of which Parking operations 7.9 10.5 6.6 8.7 8.9
Central administration -10.8 -13.8 -9.9 -9.9 -9.9
Operating profit before items affecting comparability and change in value 340.0 326.6 321.0 321.1 324.3
Items affecting comparability
Change in value, investment properties 331.8 1,154.1 429.0 1,444.7 593.0
Change in value, interest derivatives 2.2 4.1 5.0 8.7 8.8
Operating profit 674.0 1,484.8 755.0 1,774.5 926.1
Financial income and expense2) -28.6 -26.3 -34.0 -31.8 -28.4
Profit before tax 645.4 1,458.5 721.0 1,742.7 897.7
Tax -145.9 -276.2 -158.7 140.8 -206.1
Profit after tax 499.5 1,182.3 562.3 1,883.5 691.6
Other comprehensive income
Total comprehensive income for the period 499.5 1,182.3 562.3 1,883.5 691.6
1) Service revenue totalled SEK 21.4 million, equivalent to 4% of the total net revenue for the period Jan-Mar 2019. The figure for Jan-Mar 2018 was SEK 19.5 million, equivalent to 4%, and for Jan-Dec 2018 SEK 77.7 million, equivalent to 4%.
2) The figure for Jan-Mar 2019 includes SEK -5.7 million, which is attributable mainly to ground rents according to IFRS 16.