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S-1/A
JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997
Entire Document
 
<PAGE>
 
            LA SALLE PARTNERS LIMITED PARTNERSHIP AND SUBSIDIARIES
 
       LA SALLE PARTNERS MANAGEMENT LIMITED PARTNERSHIP AND SUBSIDIARIES
 
              NOTES TO COMBINED FINANCIAL STATEMENTS--(CONTINUED)
 
 
  Summarized financial information by business segment for 1994, 1995 and 1996
is as follows:
 

<TABLE>
<CAPTION>
                                                         1994    1995    1996
                                                        ------- ------- -------
<S>                                                     <C>     <C>     <C>
MANAGEMENT SERVICES:
Revenue................................................ $52,457 $61,782 $71,669
Intersegment revenue...................................     160   1,370     200
                                                        ------- ------- -------
    Total Revenue...................................... $52,617 $63,152 $71,869
                                                        ======= ======= =======
Operating income....................................... $ 5,274 $11,091 $10,732
                                                        ======= ======= =======
Depreciation and amortization.......................... $ 1,076 $ 1,202 $ 1,651
Identifiable assets....................................          21,193  20,154
CORPORATE AND FINANCIAL SERVICES:
Revenue................................................ $35,084 $37,303 $45,706
Intersegment revenue...................................     --      --    1,000
                                                        ------- ------- -------
    Total Revenue...................................... $35,084 $37,303 $46,706
                                                        ======= ======= =======
Operating income....................................... $ 6,776 $ 7,809 $10,820
                                                        ======= ======= =======
Depreciation and amortization.......................... $   845 $   890 $ 1,055
Identifiable assets....................................          37,977  46,292
INVESTMENT MANAGEMENT:
Revenue................................................ $39,377 $52,742 $58,592
Intersegment revenue...................................     --      --      --
                                                        ------- ------- -------
    Total Revenue...................................... $39,377 $52,742 $58,592
                                                        ======= ======= =======
Operating income....................................... $ 5,965 $ 1,216 $ 5,349
                                                        ======= ======= =======
Depreciation and amortization.......................... $   930 $ 2,148 $ 2,710
Identifiable assets....................................          26,898  53,337
</TABLE>

 
  The Partnerships maintain operations and provide services outside of the
United States. International revenue aggregated $4,311, $5,164 and $7,676 in
1994, 1995 and 1996, respectively. Identifiable assets of such operations
aggregated $5,827 and $26,702 at December 31, 1995 and 1996, respectively.
 
(6) INVESTMENTS IN REAL ESTATE VENTURES
 
 
  The Partnerships have invested in certain real estate ventures which own and
operate commercial real estate. These investments include noncontrolling
general and limited partnership ownership interests ranging from less than 1%
to 49.5% of the respective ventures. The Partnerships have made initial
capital contributions to the ventures. The Partnerships have remaining
commitments to certain ventures for additional capital contributions of
approximately $2,300 as of December 31, 1996. Substantially all venture
interests are held by corporate subsidiaries of the Partnerships. Accordingly,
the Partnerships' exposure to liabilities and losses of the ventures is
limited to its initial and remaining commitments.
 
  Such investments have been accounted for under the equity method of
accounting in the accompanying combined financial statements. As such, the
Partnerships recognize their share of the underlying profits and losses
 
                                     F-12


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