5. Information by segment

Condensed statement of profit or loss by segment

x € 1 million

1st half 2023	Property development	Building & Technology	Infra	Other/ eliminations	Total
Third parties	200	367	370	0	937
Intercompany		143	11	-154	0
Total revenues	200	510	381	-154	937

Underlying EBITDA	13	21	23	-8	49
Adjustment operating result joint ventures	-1		-1		-2
Write-down land/real estate					0
Acquisition costs				-3	-3
Restructuring costs		-1			-1
Total exceptional items	-1	-1	-1	-3	-6
Depreciation/amortisation	-1	-6	-10	-3	-20
Operating result	11	14	12	-14	23
Net financing costs					0
Result of joint ventures and associates					2
Result before tax					25
Tax result					-7
Result after tax					18

Operating results as percentage of revenues					2.5%

1st half 2022	Property development	Building & Technology	Infra	Others/ eliminations	Total
Third parties	294	275	294	1	864
Intercompany		154	15	-169	0
Total revenues	294	429	309	-168	864

Underlying EBITDA	21	17	34	-5	67
Adjustment operating result joint ventures	2	-1	-4		-3
Write-down land/real estate	-4				-4
Acquisition costs			-1		-1
Restructuring costs					0
Total exceptional items	-2	-1	-5	0	-8
Depreciation and amortisation	-1	-7	-9	-2	-19
Operating result	18	9	20	-7	40
Net financing costs					-2
Result of joint ventures and associates					1
Result before tax					39
Tax result					-9
Result after tax					30

Operating result as percentage of revenues					4.6%

Underlying EBITDA is the operating result before depreciation and amortisation, including EBITDA joint ventures, excluding write downs on property assets, restructuring costs, acquisition costs of new entities and and any other non-operational results, if applicable, that are designated by the Group as special.

The underlying EBITDA of Infra in the first half of 2022 included the release of € 19 million from the provision Wintrack II (see note 6.5).

Condensed statement of financial position by segment

x € 1 miljoen

30 June 2023	Property development	Building & Technology	Infra	Others/ eliminations	Total
Assets	319	486	350	-116	1,039
Not allocated					26
Total assets	319	486	350	-116	1,065

Liabilities	180	414	265	-157	702
Not allocated					42
Total liabilities	180	414	265	-157	744

Equity					321

Total equity and liabilities					1,065



30 December 2022	Property development	Building & Technology	Infra	Others/ eliminations	Total
Assets	355	421	387	-108	1,055
Not allocated					28
Total assets	355	421	387	-108	1,083

Liabilities	206	359	298	-159	704
Not allocated					62
Total liabilities	206	359	298	-159	766

Equity					317

Total equity and liabilities					1,083