72 | Flughafen Berlin Brandenburg GmbH C Commercial development C.1 Earnings position The Group reported a consolidated deficit for the year of €185.2m (previous year €74.5m). The decrease in the results for the year resulted from a rise in other operating expenses and cost of materials, from higher depreciation because of the greater value of assets and from the increased financing costs resulting from a greater loan drawdown for the financing of BER. Sales revenues rose from €263.2m to €269.6m. Sales revenues (in €m) 2012 2011 Aviation 184.3 178.0 Non-Aviation 45.2 47.0 Real Estate 29.0 29.3 Construction services 3.3 1.4 Services 2.9 3.0 Miscellaneous 4.9 4.5 Total 269.6 263.2 Sales revenue from the Aviation division rose by 3.5% from €178.0m to €184.3m owing to the increase in numbers of passengers over 2011. Sales revenues from the Non-Aviation division declined by 3.7% from €47.0m to €45.2m, largely a consequence of lower earnings from parking and the leasing of advertising space. Sales revenues from the division Real Estate declined slightly in comparison with the previous year from €29.3m to €29.0m. Other sales revenues rose by 5.1% from €4.5m to €4.9m, a consequence of higher income from the sale of fuel. Sales revenues from construction services for third parties increased by €1.9m to €3.3m, basically caused by higher earnings from the construction services performed for the German government at SXF North. Services performed with respect to underground fuelling are disclosed in changes in inventory (€7.1m; previous year €11.6m). The uninvoiced services are countered by payments received on account. Own work capitalised (€12.5m; previous year €9.1m) results primary from activities related to the construction of BER.
Other operating income increased in comparison with the previous year from €10.6m to €15.9m. The increase is essentially from higher earnings from the reversal of provisions and the investment allowance. Expenses in €m 2012 2011 Cost of materials 74.8 57.0 Personnel expenses 88.8 95.2 Write-offs and depreciation 85.7 74.3 Other operating expenses 133.1 61.3 Total 382.4 287.8 Ongoing expenses for FBB Group (€382.4m) rose by €94.6m in comparison with the previous year (€287.8m), an increase of 32.9%. The total breaks down into increases in the cost of materials of €17.8m, in other operating expenses of €71.8m and in deprecation of €11.4m. This is contrasted by a decline of €6.4m in personnel expenses. The rise in cost of materials by 31.2% to €74.8m resulted primarily from the higher third-party services and construction services for third parties related to the underground fuelling (€27.7m; previous year €12.2m). Personnel expenses fell from €95.2m to €88.8m. This is largely a consequence of lower expenses for the personnel concept TransFair BBI (€1.0m; previous year €7.0m). Other operating expenses rose by 117.2% in comparison with the previous year from €61.3m to €133.1m. This increase resulted from expenditures for risk provisions owing to the postponement of the operational start-up date (€35.0m), higher expenditures for legal and other professional services (€+10.9m), the hiring of third-party workers (€+5.4m), especially for construction site supervision, and for leasing fees for third-party investment properties (€+11.7m). Write-offs rose from €74.3m to €85.7m, an increase of 15.3%. This rise is primarily a consequence of the completion and capitalisation of new facilities at BER. Moreover, write-offs of current assets of €4.8m were taken in the reporting period as part of the loss-free measurement. Results before taxes amounted to €-184.6m. The result for the year is €110.6m below the corresponding value of the previous year of €74.5m. Our Figures | 73
Annual Report 2012 SXF, TXL & BER
Contents Before We Begin ..........
Editorial “We can do airport, we
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airberlin has been flying to Chicag
Nottingham Birmingham Djerba Enfidh
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