Income statement

–for the year ended 31 March 2009

Group Notes 2009
£m		 2008
(restated)1
£m
Continuing activities  
Group revenue2 4 821.2 818.0
Costs   (326.4) (317.4)
    494.8 500.6
(Loss)/profit on disposal of non-current properties 4 (130.8) 57.3
Net deficit on revaluation of investment properties 4 (4,113.4) (1,158.4)
Impairment of trading properties 4 (92.3) –
Operating loss 5 (3,841.7) (600.5)
Interest expense 8 (365.0) (312.3)
Interest income 8 32.5 25.9
    (4,174.2) (886.9)
Share of the loss of joint ventures (post-tax) 20 (599.0) (101.1)
Loss before tax   (4,773.2) (988.0)
Income tax 10 (0.5) 15.1
Loss for the financial year from continuing activities   (4,773.7) (972.9)
Discontinued operations 42 (420.9) 142.1
Loss for the financial year   (5,194.6 (830.8)
Attributable to:
Equity holders of the Company 37 (5,191.3) (830.8)
Minority interests   (3.3) –
Loss for the financial year   (5,194.6) (830.8)
(Loss)/earnings per share attributable to the equity holders of the Company (pence)3, 4
Basic (loss)/earnings per share 11 (999.04) (160.90)
of which from: continuing activities 11 (918.04) (188.43)
of which from: discontinued operations 11 (81.00) 27.53
Diluted (loss)/earnings per share 11 (999.04) (160.90)
of which from: continuing activities 11 (918.04) (188.43)
of which from: discontinued operations 11 (81.00) 27.53
  1. Restated to reclassify the results of Trillium from continuing activities to discontinued operations.
  2. Group revenue excludes the share of joint ventures’ income of £103.3m (2008: £111.6m) (see note 20).
  3. Adjusted earnings per share from continuing activities is given in note 11.
  4. The (loss)/earnings per share figures for the year ended 31 March 2008 have been restated to reflect the bonus element inherent in the Rights Issue that was approved on 9 March 2009.