Create reportclose
Print sectionclose

Open the PDF file and print from your browser.

Downloadsclose

To save select 'Save file' when prompted.

Comparison of Key Figuresclose
 
Site feedbackclose
2009
£m
20081
£m
2007
£m
2006
£m
2005
£m
Income statement
Before exceptional items
Group revenue 821.2 818.0 1,641.1 1,828.7 1,627.1
Costs (418.7) (317.4) (1,046.2) (1,267.8) (1,134.7)
402.5 500.6 594.9 560.9 492.4
Loss/(profit) on disposal of non-current asset properties (130.8) 57.3 118.2 74.5 112.0
Net (deficit)/surplus on revaluation of investment properties (4,113.4) (1,158.4) 1,307.6 1,579.5 827.9
Operating (loss)/profit (3,841.7) (600.5) 2,020.7 2,214.9 1,432.3
Net interest expense (332.5) (286.4) (220.9) (194.5) (189.0)
(4,174.2) (886.9) 1,799.8 2,020.4 1,243.3
Share of the (loss)/profit of joint ventures and associates (post-tax) (599.0) (101.1) 81.3 110.3 141.5
(Loss)/profit before tax (4,773.2) (988.0) 1,881.1 2,130.7 1,384.8
Income tax (0.5) 15.1 (445.0) (593.3) (265.8)
(Loss)/profit after tax (4,773.7) (972.9) 1,436.1 1,537.4 1,119.0
Exceptional items
Goodwill impairment (64.5) (12.7)
Profit on disposal of joint venture (Telereal) 293.0
Debt restructuring costs (64.6)
Exceptional tax in joint ventures 98.0
Total exceptional items 98.0 228.5 (77.3)
Tax on exceptional items 1,994.2 (90.0) 19.2
Exceptional items post tax 2,092.2 138.5 (58.1)
(Loss)/profit for the financial year from continuing activities (4,773.7) (972.9) 3,528.3 1,675.9 1,060.9
Discontinued operations (420.9) 142.1
(Loss)/profit for the financial year (5,194.6) (830.8) 3,528.3 1,675.9 1,060.9
Revaluation (deficit)/surplus for the year
Group (4,113.4) (1,158.4) 1,307.6 1,579.5 827.9
Joint ventures (630.3) (134.2) 75.1 105.5 69.5
Total (4,743.7) (1,292.6) 1,382.7 1,685.0 897.4
Revenue profit 314.9 284.8 392.2 391.3 361.8
Balance sheet
Investment properties 7,929.4 12,296.7 13,319.3 11,467.6 8,240.1
Operating properties 544.8 551.5 536.1 546.3
Net investment in finance leases 116.3 333.7 262.4 233.9 163.4
Goodwill 148.6 129.6 34.3 34.3
Investment in joint ventures, associates, Public Private Partnerships and loans 980.8 1,478.9 1,338.8 829.5 854.9
Other property, plant and equipment 14.3 73.6 78.2 73.6 57.9
Net pension benefit assets 3.0 11.0
Deferred tax assets 1.9 0.9
Total non-current assets 9,045.7 14,888.2 15,679.8 13,175.0 9,896.9
Trading properties and long-term development contracts 94.9 173.0 148.3 255.9 164.0
Cash, cash equivalents, short-term borrowings, overdrafts and derivative financial instruments 1,525.9 (752.0) (1,615.9) (148.0) (45.8)
Other current assets and liabilities (395.2) (250.2) (677.9) (218.6) (101.6)
Non-current assets classified as held for sale (net) 236.4 819.3
Total current assets and liabilities 1,225.6 (592.8) (1,326.2) (110.7) 16.6
Provisions (77.6) (80.7) (58.2) (42.0)
Borrowings (5,449.5) (4,632.5) (3,472.0) (3,537.9) (2,392.3)
Net pension benefits obligation (5.6) (6.5) (10.9)
Deferred tax liabilities (1.6) (2.4) (4.0) (1,967.8) (1,418.0)
Total non-current liabilities (5,451.1) (4,712.5) (3,562.3) (5,570.4) (3,863.2)
Net assets 4,820.2 9,582.9 10,791.3 7,493.9 6,050.3
Net debt (3,923.6) (5,384.5) (5,087.9) (3,685.9) (2,438.1)
Results per share from continuing activities
Total dividend payable in respect of the financial year (actual) 56.50p 64.00p 53.00p 46.70p 43.25p
Total dividend payable in respect of the financial year (restated)4 51.61p 57.68p 47.76p 42.08p 38.97p
Basic (loss)/earnings per share2,3 (918.04)p (188.43)p 679.04p 322.54p 204.83p
Diluted (loss)/earnings per share2,3 (918.04)p (188.43)p 676.29p 321.23p 204.05p
Adjusted earnings per share2,3 62.60p 60.93p 63.51p 63.76p 60.49p
Adjusted diluted earnings per share2,3 62.57p 60.79p 63.26p 63.50p 60.25p
Net assets per share2,3 639p 1862p 2076p 1439p 1165p
Diluted net assets per share2,3 639p 1859p 2070p 1433p 1161p
Adjusted net assets per share2,3 593p 1765p 1972p 1730p 1345p
Adjusted diluted net assets per share2,3 593p 1763p 1965p 1723p 1341p
  1. The income statement and earnings per share figures for the year ended 31 March 2008 have been restated, in compliance with IFRS5, to reclassify the results of Trillium from continuing activities to discontinued operations.
  2. The (loss)/earnings per share and the net asset per share for the year ended 31 March 2007, 31 March 2006 and 31 March 2005 have been adjusted for the bonus element inherent in the Rights Issue that was approved on 9 March 2009.
  3. The (loss)/earnings per share and the net asset per share for the year ended 31 March 2008 have been adjusted for the bonus element inherent in the Rights Issue that was approved on 9 March 2009 and the reclassification of the Trillium discontinued operations from continuing activities to discontinued operations.
  4. The restated total dividend payable represents the theoretical dividend per share that would have been paid had the bonus shares inherent in the Rights Issue been in existence at the relevant dividend dates.