Results (x € 1 million) 2016 2015 2014 2013 2012 2011 2010 2009
Gross rental income 89.5 93.2 96.4 123.2 133.5 132.5 126.6 130.6
Direct result 46.2 49.2 46.5 54.2 62.5 67.0 67.8 68.6
Indirect result (19.7) 16.3 (14.8) (143.2) (103.5) 29.1 31.4 (130.0)
Result 26.4 65.5 31.7 (89.0) (41.0) 96.1 99.2 (61.4)
Balance sheet (x € 1 million)
Property 1,614.8 1,647.9 1,538.8 1,694.4 1,981.0 2,129.0 1,995.5 1,861.4
Equity 891.5 901.0 866.0 872.6 1,018.4 1,105.7 1,074.9 1,035.1
Equity Vastned Retail shareholders 804.4 816.6 782.2 791.4 899.7 1,000.4 975.6 939.1
Long-term liabilities 636.9 692.1 641.8 586.5 753.0 835.7 686.9 673.6
Average number of shares in issue 19,036,646 19,036,646 19,036,646 19,036,646 18,876,591 18,574,595 18,409,519 17,028,420
Number of share in issue (at year-end) 19,036,646 19,036,646 19,036,646 19,036,646 19,036,646 18,621,185 18,495,220 18,265,213
Per share (x € 1)
Equity Vastned Retail shareholders
Vastned Retail primo (incl dividend) 42.90 41.09 41.23 47.26 53.66 52.75 51.42 60.80
Final dividend previous financial year (1.31) (1.27) (1.63) (1.54) (2.52) (2.58) (2.78) (2.68)
Equity Vastned Retail shareholder
at the beginning of the year (excl. dividend) 41.59 39.82 39.60 45.72 51.14 50.17 48.64 58.12
Direct result 2.42 2.58 2.44 2.85 3.31 3.61 3.68 4.03
Indirect result (1.03) 0.86 (0.77) (7.53) (5.48) 1.56 1.71 (7.64)
Result 1.39 3.44 1.67 (4.68) (2.17) 5.17 5.39 (3.61)
Other movements 0.01 0.38 0.55 1.45 (0.70) (0.53) (0.18) (1.84)
Interim dividend (0.73) (0.74) (0.73) (0.92) (1.01) (1.09) (1.10) (1.25)
Equity Vastned Retail shareholder
at year-end 42.26 42.90 41.09 41.57 47.26 53.72 52,75 51.42
EPRANNNAV 41.68 42.31 40.42 41.17 47.70 55.07 54.14 52.17
Share price (at year-end) 36.86 42.35 37.45 32.99 32.75 34.60 51.98 45.84
Dividend in cash 2.05 2.05 2.00 2.55 2.55 3.61 3.68 4.03
or in cash - - - - - 1.09 2.43 2.35
and in shares charged to the share premium reserve - - - - - 7.75% 2.56% 4.00%
Solvency ratio (in %) 56.1 56.0 56.5 51.5 51.5 52.6 54.6 55.9
Loan-to-value ratio (in %) 41.8 41.6 40.3 44.6 43.9 43.1 41.1 39.9