The Property Financial Summary report provides a high-level summary of property costs and area by country, with the ability to see the data for each property included in the summary.
For each country, the report summarizes annual property costs, the Area - Bldg. Int. Gross, and the Cost / Building Internal Gross area. This benchmark enables you to evaluate by country how expensive properties are in relation to the floor area the properties provide.
This report is useful for comparing properties by country, for financial planning, and when you need to provide cost summary data, for example, when communicating with accounting or when making cost estimations.
This topic includes the following information:
The Property Financial Summary report presents its information on the following tabs from which you can set a restriction and view report data:
Note: When working with the Leases cloud module, you work only with recurring costs; the module does not support scheduled costs and actual costs.
Note: To set a custom date range, Select Other Date Range, and then enter a Start and End Date.
See Restricting Data Using a Filter Console for more information on using filter consoles.
The Property Financial Summary report includes the following calculated fields:
Note: The measured areas based on a building performance CAD inventory are calculated when the Update Area Totals action is run from one of the processes for the Space Inventory & Personnel application or Space Module, such as the Building Performance process. If your CAD specialist has made recent changes to your measured areas, ask your space manager or facility manager to run the Update Area Totals task so that these area changes are reflected in the Lease Administration, Portfolio Management, and Cost Administration reports. Additionally, some reports (such as Lease Abstract and Property Abstract) offer the Update All Room Area action (which runs these same calculations) from the report.
When the Archibus Enhanced Global Feature Set is enabled, you can generate the Property Financial Summary report to show Total Costs, Base Costs, or VAT Costs using the currency you select. Just as when the Archibus Enhanced Global Feature Set is not enabled, the Property Financial Summary report calculates Annual Costs by summarizing as net income the major expenses of TAX, UTILITY, and OPERATING EXP; the expenses for these cost category cost types are subtracted from any incidental income. It also adds expenses for any cost types other than TAX, UTILITY, or OPERATING normalizing the data to reflect yearly costs. In this way, it summarizes the property's expenses.
However, when the Archibus Enhanced Global Feature Set is enabled, the report shows this net amount as Total Costs, Base Costs, or VAT Costs depending on the selections you make to generate the report. See Selecting VAT Cost Types and Currency for Reports for a description of the cost fields used to show VAT costs in different currencies.
The Currency and VAT buttons affect the fields shown on both the Overview and Details tabs. The Details tab shows the breakdown for the properties for the selected country using the same VAT cost type (Total Costs, Base Costs, or VAT only Costs) and currency you selected on the Overview tab.
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