Financial Statements

Key figures - CapMan Group

Key Performance Indicators for CapMan Group
M€ 2008 2009 2010 2011 2012
Turnover 36.8 36.3 38.1 32.4 27.3
Management fees 29.6 33.3 32.9 27.1 23.9
Carried interest** 4.1 0.0 2.6 3.1 1.8
Income from real estate consulting 2.4 2.4 1.6 1.0 0.0
Other income 0.7 0.6 1.0 1.2 1.5
Other operating income 0.1 0.1 23.0 0.6 0.2
Operating expenses -29.8 -33.0 -42.8 -34.9 -30.3
Fair value gains/losses of investments -13.4 -3.3 2.7 12.8 5.3
Operating profit/loss -6.3 0.1 21.0 11.1 2.6
Financial income and expenses -2.0 -0.2 0.6 0.6 0.1
Share of associated companies' result -2.4 1.3 2.4 2.1 0.6
Profit/loss before taxes -10.7 1.2 23.9 13.7 3.3
Profit/loss for the financial year -8.1 0.1 17.6 11.1 2.7
Return on equity (ROE), % -11.8 0.2 20.8 12.4 3.2
Return on investment (ROI), % -6.3 2.8 19.7 11.9 4.2
Equity ratio, % 50.3 55.1 58.5 61.9 63.1
Net gearing, % 30.0 34.8 7.3 14.4 30.7
Dividend paid * 0.0 3.4 10.1 5.9 0.0
Personnel (at year-end) 141 150 150 122 109
Key Ratios Per Share
2008 2009 2010 2011 2012
Earnings/share, € -10.2 -3.0 17.7 10.1 0.3
Diluted -9.8 -3.0 17.7 10.1 0.3
Shareholders' equity/share, € 86.1 94.2 107.7 104.7 98.6
Dividend/share*, € 0.0 4.0 12.0 7.0 0.0
Dividend/earnings*, % 0.0 0.0 68.0 70.0 0.0
Average share issue adjusted number of shares during the financial year ('000) 80,433 83,016 84,255 84,255 84,255
Share issue adjusted number of shares at year-end ('000) 81,458 84,282 84,282 84,282 84,282
Number of shares outstanding ('000) 81,323 84,255 84,255 84,255 84,255
Own shares ('000) 136 26 26 26 26
* Proposal of the Board of Directors to the Annual General Meeting for year 2012.
In line with IFRS standards, the €29 million bond issued is included in equity and also in calculating shareholders' equity per share.

 

Management Company business

Result of Management Company business
M€ 2012 2011
Turnover 27.3 32.4
Management fees 23.9 27.1
Real estate consulting 0.0 1.0
Carried interest 1.8 3.1
Other income 0.2 1.2
Operating profit / loss -2.3 -1.1
Profit / loss -2.6 -1.7

 

Fund Investment business

Result of Fund Investment business
M€ 2012 2011
Fair value changes of investments 5.3 12.8
Operating profit / loss 4.9 12.2
Profit / loss 5.3 12.8