Income statements per quarter - Group

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GROUP, SEK m Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019
Net revenue1)
Property management 403.8 482.8 488.8 469.5 466.1
Parking operations 15.7 19.2 23.3 19.9 20.8
419.5 501.4 512.1 489.4 486.9
Property management expenses
Maintenance -6.2 -6.4 -8.6 -7.7 -7.3
Operation and administration -70.2 -74.3 -82.8 -63.8 -68.1
Ground rents
Property tax -50.1 -50.2 -50.2 -49.8 -50.4
Depreciation rights of use -1.3 -1.2 -3.1 -1.2 -1.3
Property management expenses -127.8 -132.1 -144.7 -122.5 -127.1
Parking operations, expenses -13.2 -13.0 -13.3 -13.3 -13.0
Operating expenses -141.0 -145.1 -158.0 -135.8 -140.1
Gross profit 278.5 356.3 354.1 353.6 346.8
– of which Property management 276.0 350.1 344.1 347.0 339.0
– of which Parking operations 2.5 6.2 10.0 6.6 7.8
Central administration -11.9 -11.5 -15.6 -11.4 -11.4
Operating profit before items affecting comparability and changes in value 266.6 344.8 338.5 342.2 335.4
Items affecting comparability2) 34.7
Changes in value, investment properties -985.3 -929.4 1,027.0 408.0 960.1
Changes in value, interest derivatives - 0.4 1.1
Operating profit 684.0 -584.6 1,365.5 750.6 1,296.6
Financial income and expense2) -34.0 -32.0 -29.9 -29.5 -30.7
Profit before tax -718.0 -616.6 1,335.6 721.1 1,265.9
Tax 135.0 118.1 -233.9 -157.6 -284.2
Profit after tax -583.0 -498.5 1,101.7 563.5 981.7
Other comprehensive income
Total comprehensive income for the period -583.0 -498.5 1,101.7 563.5 981.7
1) Service revenue totalled SEK 46,9 million, equivalent to 5% of the total net revenue for the period Jan-Jun 2020. The figure for Jan-Jun 2019 was SEK 45.0 million, equivalent to 5%, and for Jan-Dec 2019 SEK 86.8 million, equivalent to 4%.
2) Refers to insurance compensation of SEK 34.7 million for rent losses and emergency response costs after the 2017 fire at the Vildmannen 7 property.