| |
|
|
2007 |
|
|
|
2006 |
|
|
|
|
|
|
| Continuing operations |
Notes |
Adjusted
income &
expense1
£m |
Adjustments2
£m |
Total
income &
expense
£m |
|
Adjusted
income &
expense1
£m |
Adjustments2
£m |
Total
income &
expense
£m |
|
| Revenue |
3 |
342.8 |
- |
342.8 |
|
264.4 |
- |
264.4 |
|
| Gross property rental income |
|
258.8 |
- |
258.8 |
|
228.6 |
- |
228.6 |
| Property operating expenses |
|
(54.9) |
0.9 |
(54.0) |
|
(39.8) |
- |
(39.8) |
|
| Net property rental income |
|
203.9 |
0.9 |
204.8 |
|
188.8 |
- |
188.8 |
| Profit on sale of trading properties less provisions |
|
22.0 |
- |
22.0 |
|
5.9 |
- |
5.9 |
| Share of profits from property joint ventures and associates after tax |
|
4.0 |
1.6 |
5.6 |
|
5.5 |
4.2 |
9.7 |
| Other investment income |
|
18.4 |
- |
18.4 |
|
8.5 |
- |
8.5 |
| Administration expenses |
|
(34.5) |
- |
(34.5) |
|
(25.5) |
- |
(25.5) |
| Property (losses)/gains |
|
- |
(382.2) |
(382.2) |
|
- |
397.5 |
397.5 |
|
| Operating profit/(loss) |
|
213.8 |
(379.7) |
(165.9) |
|
183.2 |
401.7 |
584.9 |
| Finance income |
|
17.6 |
3.5 |
21.1 |
|
28.4 |
4.7 |
33.1 |
| Finance costs |
|
(100.1) |
(1.6) |
(101.7) |
|
(112.0) |
(0.5) |
(112.5) |
|
| Profit/(loss) before tax |
|
131.3 |
(377.8) |
(246.5) |
|
99.6 |
405.9 |
505.5 |
| Tax (charge)/credit - current |
|
(2.4) |
(13.9) |
(16.3) |
|
(12.1) |
(71.1) |
(83.2) |
| Tax (charge)/credit - deferred |
|
0.5 |
17.9 |
18.4 |
|
(1.8) |
391.1 |
389.3 |
|
| Total tax |
|
(1.9) |
4.0 |
2.1 |
|
(13.9) |
320.0 |
306.1 |
|
| Profit/(loss) from continuing operations |
|
129.4 |
(373.8) |
(244.4) |
|
85.7 |
725.9 |
811.6 |
|
| |
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
| Profit after tax from discontinued operations |
|
18.7 |
151.9 |
170.6 |
|
29.2 |
78.3 |
107.5 |
|
| Profit/(loss) for the year |
|
148.1 |
(221.9) |
(73.8) |
|
114.9 |
804.2 |
919.1 |
|
| Attributable to equity shareholders |
|
147.6 |
(222.5) |
(74.9) |
|
113.9 |
802.6 |
916.5 |
| Attributable to minority interests |
|
0.5 |
0.6 |
1.1 |
|
1.0 |
1.6 |
2.6 |
|
| |
|
148.1 |
(221.9) |
(73.8) |
|
114.9 |
804.2 |
919.1 |
|
| Earnings per share From continuing and discontinued operations |
|
|
|
|
|
|
|
|
| Basic (loss)/earnings per share |
|
|
|
(16.4p) |
|
|
|
201.8p |
| Diluted (loss)/earnings per share |
|
|
|
(16.4p) |
|
|
|
196.0p |
| From continuing operations |
|
|
|
|
|
|
|
|
| Basic (loss)/earnings per share |
|
|
|
(53.6p) |
|
|
|
178.6p |
| Diluted (loss)/earnings per share |
|
|
|
(53.6p) |
|
|
|
173.6p |
|