1.1Segment reporting
The property portfolio, consisting of investment properties and properties held for sale, is managed as a single entity. The Board of Directors and the Executive Board manage the Investis Group based on the consolidated financial statements. In accordance with Swiss GAAP FER 31, Investis only has one segment, following the sale of all companies in the Real Estate Services segment in the first half of 2024, and no longer publishes segment reporting for the financial year 2025. As the Investis Group is only active in Switzerland, no information on geographical markets is disclosed. There are no differences between the accounting and valuation principles used for segment reporting and those used for the preparation of the consolidated financial statements.
Segment Information 2024
CHF 1,000 | Properties | Corporate | Investis Group (excluding RES) 1) | Real Estate Services | Eliminations | Investis Group |
|---|---|---|---|---|---|---|
Revenue 2) | 64,360 | - | 64,360 | 89,948 | –1,601 | 152,707 |
Direct expenses | –18,095 | - | –18,095 | –5,572 | 1,602 | –22,066 |
Personnel expenses | –1,546 | –3,945 | –5,491 | –63,553 | - | –69,044 |
Other operating expenses | –1,833 | –973 | –2,807 | –9,893 | –1 | –12,701 |
Operating profit before revaluations, disposal of properties, depreciation and amortisation | 42,885 | –4,918 | 37,967 | 10,930 | - | 48,897 |
Income from revaluations | 104,884 | - | 104,884 | - | - | 104,884 |
Income from disposal of properties | 759 | - | 759 | - | - | 759 |
Income from disposal of subsidiaries | - | 122,271 | 122,271 | - | - | 122,271 |
Depreciation and amortisation | –44 | –102 | –146 | –2,148 | - | –2,293 |
Operating profit (EBIT) | 148,485 | 117,250 | 265,735 | 8,783 | - | 274,518 |
Total assets as at 31 December 2024 3) | 2,079,021 | - | 2,079,021 | |||
Total liabilities as at 31 December 2024 3) | 739,516 | - | 739,516 | |||
Headcount as at 31 December 2024 3) | 17 | - | 17 | |||
FTE as at 31 December 2024 3) | 15 | - | 15 | |||
FTE (full-time equivalents, average over the period) 3) | 15 | 780 | 795 | |||
1)Following the sale of all companies in the Real Estate Services segment in the first half of 2024, the Group consists as at 31 December 2024 of one segment only. To improve the informative value of the results from June 2024, the segment information has been extended accordingly.
2)Revenue is generated exclusively in Switzerland.
3)The segment assets, liabilities and personnel information voluntarily disclosed in the prior year are no longer voluntarily disclosed.
Accounting principles |
|---|
Before the disposal of all Group companies of the Real Estate Service segment on 24 June 2024, following operating and reporting segments were identified based on the management structure and the reporting to the Executive Board and the Board of Directors: – Properties: invests primarily in Swiss residential properties – Real Estate Services: provides comprehensive real estate services in Switzerland |
Revenue includes the actual rental income from properties, income from Real Estate Services as well as other revenues. Revenue is recorded over the lease term or upon provision of services. |
Direct expenses include property expenses (particularly property management, facility services, maintenance and renovation costs, and property taxes) that cannot be passed on to tenants as well as cost items directly related to income from Real Estate Services. |
The position ‘Eliminations’ contains transactions between segments. |