Income Statement - HHLA Half-Year Financial Report January

Income Statement – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	1–6 \| 2016 Group	1–6 \| 2016 Port Logistics	1–6 \| 2016 Real Estate	1–6 \| 2016 Consolidation
Revenue	573,479	557,795	18,725	- 3,041
Changes in inventories	851	851	0	0
Own work capitalised	3,517	3,322	0	195
Other operating income	16,141	13,793	2,882	- 534
Cost of materials	- 168,613	- 164,968	- 3,711	66
Personnel expenses	- 223,977	- 222,825	- 1,152	0
Other operating expenses	- 75,605	- 72,665	- 6,254	3,314
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	125,793	115,303	10,490	0
Depreciation and amortisation	- 58,938	- 56,541	- 2,559	162
Earnings before interest and taxes (EBIT)	66,855	58,762	7,931	162
Earnings from associates accounted for using the equity method	2,583	2,583	0	0
Interest income	4,183	4,262	25	- 104
Interest expenses	- 17,129	- 15,684	- 1,549	104
Other financial result	- 10	- 10	0	0
Financial result	- 10,373	- 8,849	- 1,524	0
Earnings before tax (EBT)	56,482	49,913	6,407	162
Income tax	- 15,732	- 13,698	- 1,994	- 40
Profit after tax	40,750	36,214	4,414	122
of which attributable to non-controlling interests	14,944	14,944	0
of which attributable to shareholders of the parent company	25,806	21,270	4,536
Earnings per share, basic, in €	0.35	0.30	1.68
Earnings per share, diluted, in €	0.35	0.30	1.68

Income Statement – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	1–6 \| 2015 Group	1–6 \| 2015 Port Logistics	1–6 \| 2015 Real Estate	1–6 \| 2015 Consolidation
Revenue	585,141	569,805	18,033	- 2,697
Changes in inventories	- 704	- 705	1	0
Own work capitalised	5,227	5,070	0	157
Other operating income	18,597	16,093	2,927	- 423
Cost of materials	- 183,221	- 179,716	- 3,555	50
Personnel expenses	- 210,201	- 209,031	- 1,170	0
Other operating expenses	- 71,944	- 69,445	- 5,412	2,913
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	142,895	132,071	10,824	0
Depreciation and amortisation	- 60,256	- 57,924	- 2,489	157
Earnings before interest and taxes (EBIT)	82,639	74,147	8,335	157
Earnings from associates accounted for using the equity method	2,601	2,601	0	0
Interest income	13,752	13,793	21	- 62
Interest expenses	- 32,977	- 30,652	- 2,387	62
Other financial result	944	944	0	0
Financial result	- 15,680	- 13,314	- 2,366	0
Earnings before tax (EBT)	66,959	60,833	5,969	157
Income tax	- 16,782	- 14,886	- 1,858	- 38
Profit after tax	50,177	45,947	4,111	119
of which attributable to non-controlling interests	12,699	12,699	0
of which attributable to shareholders of the parent company	37,478	33,248	4,230
Earnings per share, basic, in €	0.52	0.47	1.56
Earnings per share, diluted, in €	0.52	0.47	1.56

Income Statement – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	4–6 \| 2016 Group	4–6 \| 2016 Port Logistics	4–6 \| 2016 Real Estate	4–6 \| 2016 Consolidation
Revenue	288,698	280,714	9,512	- 1,528
Changes in inventories	165	165	0	0
Own work capitalised	1,855	1,760	0	95
Other operating income	8,045	6,910	1,401	- 266
Cost of materials	- 85,071	- 83,262	- 1,847	38
Personnel expenses	- 118,641	- 118,066	- 575	0
Other operating expenses	- 39,689	- 38,303	- 3,047	1,661
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	55,362	49,918	5,444	0
Depreciation and amortisation	- 29,483	- 28,281	- 1,283	81
Earnings before interest and taxes (EBIT)	25,879	21,637	4,161	81
Earnings from associates accounted for using the equity method	1,473	1,473	0	0
Interest income	2,156	2,195	13	- 52
Interest expenses	- 7,500	- 6,781	- 771	52
Other financial result	- 10	- 10	0	0
Financial result	- 3,881	- 3,123	- 758	0
Earnings before tax (EBT)	21,998	18,514	3,403	81
Income tax	- 7,209	- 6,123	- 1,066	- 20
Profit after tax	14,789	12,390	2,338	61
of which attributable to non-controlling interests	7,129	7,129	0
of which attributable to shareholders of the parent company	7,660	5,261	2,399
Earnings per share, basic, in €	0.10	0.07	0.89
Earnings per share, diluted, in €	0.10	0.07	0.89

Income Statement – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	4–6 \| 2015 Group	4–6 \| 2015 Port Logistics	4–6 \| 2015 Real Estate	4–6 \| 2015 Consolidation
Revenue	288,209	280,173	9,322	- 1,286
Changes in inventories	- 718	- 720	2	0
Own work capitalised	3,098	3,014	0	84
Other operating income	10,936	9,784	1,380	- 228
Cost of materials	- 89,612	- 87,963	- 1,674	25
Personnel expenses	- 104,995	- 104,392	- 603	0
Other operating expenses	- 37,152	- 35,605	- 2,952	1,405
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	69,766	64,291	5,475	0
Depreciation and amortisation	- 30,121	- 28,953	- 1,246	78
Earnings before interest and taxes (EBIT)	39,645	35,338	4,229	78
Earnings from associates accounted for using the equity method	1,461	1,461	0	0
Interest income	3,617	3,637	11	- 31
Interest expenses	- 7,999	- 6,835	- 1,195	31
Other financial result	944	944	0	0
Financial result	- 1,977	- 793	- 1,184	0
Earnings before tax (EBT)	37,668	34,545	3,045	78
Income tax	- 7,515	- 6,541	- 955	- 19
Profit after tax	30,153	28,004	2,090	59
of which attributable to non-controlling interests	5,226	5,226	0
of which attributable to shareholders of the parent company	24,927	22,778	2,149
Earnings per share, basic, in €	0.35	0.32	0.79
Earnings per share, diluted, in €	0.35	0.32	0.79