This is WDP
Strategy
ESG
2020 perfomance
Governance
Financial statements
WDP 2020 Annual Report
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GLOSSARY Acquisition price This refers to the value of the property at the time of purchase. Any transfer costs paid are included in the purchase price. See also Transfer costs. Accelerated bookbuild (ABB) An exempt accelerated private placement with international institutional investors with the composition of an order book. Advance levy An advance levy deducted by a bank or financial intermediary on the payment of a dividend. The standard rate of the advance levy on dividends in Belgium is fixed at 30%. APM (Alternative Performance Measure) Financial measurement of historic or future financial performance, financial position or cash flow of a company that has not been defined in the customary reporting guidelines. The Alternative Performance Measures (APM) adopted by WDP – including the EPRA key performance indicators – are always accompanied by a symbol () and are provided with their definition and reconciliation in the annexes to this report. BREEAM (Building Research Establishment Environmental Assessment Method) BREEAM is a sustainability certificate related to the performance of a building over its complete life cycle. BREEAM is the main and most commonly used sustainability label for buildings in Europe. Unlike other standards, BREEAM applies a multi-criteria approach. The certification process examines not only the energy consumption of a property, but also land use, ecology, the construction process, water use, waste, pollution, transport, materials, health and comfort. As a total score, a building is rated Acceptable (only applicable to BREEAM In-Use), Pass, Good, Very Good, Excellent or Outstanding. Bullet loan A debt instrument of the bullet type entails that over the term, interest liabilities are due on the principal sum and repayment in full of the capital is due on the final expiry date. Compliance Officer The compliance officer is tasked with monitoring compliance of the laws, regulations and codes of conduct applicable to the Company and, in particular, the rules related to the integrity of the Company’s activities. Contractual rent The gross rental prices as contractually stipulated in the lease agreements on the date of conclusion. Contribution in kind The assets contributed when a company is incorporated or when its capital is increased, other than by depositing money.
Corporate Governance Code 2020 Belgian code drawn up by the Corporate Governance Committee with practices and provisions on sound governance that must be met by companies under Belgian law whose shares are traded on a regulated market. Dealing Code Code of conduct with rules to be followed by members of the Board of Directors and the persons designated therein who would like to trade in financial instruments issued by the company. Derivatives As a borrower, WDP would like to hedge itself against any interest rate increases. The interest rate risk can be hedged in part by using derivatives (such as interest rate swaps). Discounted cash flow This is a valuation method based on a detailed projected revenue flow that is discounted to the current net value at a specific discount rate according to the risk of the asset to be valued. Distribution percentage Percentage of EPRA earnings paid out as dividends over a given fiscal year. Dividend yield Gross dividend divided by the trading price. Due diligence Extensive investigation conducted within the framework of all acquisitions and/or financial transactions in the areas of real estate, economics, taxation, law, bookkeeping and administration, possibly in association with specialist external advisors. EDGE (Excellence in Design for Greater Efficiencies) Certification programme for green buildings that focuses on the efficient use of resources. EDGE supports developers and builders to quickly and cost-effectively reduce energy and water consumption or energy absorbed by materials. EDGE certificates are issued worldwide and are an initiative of IFC, part of the World Bank Group. EMIR (European Market Infrastructure Regulation) This regulation specifies that information on all European derivative transactions must be reported to transaction registers and must be accessible to supervisory authorities, including the European Securities and Markets Authority (ESMA), so policy-makers and supervisors have a clear overview of the markets. This regulation also states that standard derivative contracts must be cleared through a Central Counter Party (CCP), sets margin requirements on uncleared transactions and subjects these CCPs to strict organisational requirements, codes of conduct and prudential requirements.
