Balance sheets
– at 31 March 2010
Download Balance sheets XLS (22KB)
| Group | Company | |||||
| Notes | 2010 £m |
2009 £m |
2010 £m |
2009 £m |
||
| Non-current assets | ||||||
| Investment properties | 13 | 8,044.3 | 7,929.4 | – | – | |
| Other property, plant and equipment | 14 | 12.8 | 14.3 | – | – | |
| Net investment in finance leases | 15 | 115.4 | 116.3 | – | – | |
| Loan investments | 16 | 84.3 | 50.0 | – | – | |
| Investments in joint ventures | 17 | 787.8 | 930.8 | – | – | |
| Investments in subsidiary undertakings | 18 | – | – | 5,684.5 | 4,828.5 | |
| Pension surplus | 29 | – | 3.0 | – | – | |
| Deferred tax assets | 30 | – | 1.9 | – | – | |
| Total non-current assets | 9,044.6 | 9,045.7 | 5,684.5 | 4,828.5 | ||
| Current assets | ||||||
| Trading properties and long-term development contracts | 19 | 87.9 | 94.9 | – | – | |
| Derivative financial instruments | 25 | 1.0 | – | – | – | |
| Trade and other receivables | 20 | 334.4 | 392.1 | 19.2 | 8.8 | |
| Monies held in restricted accounts and desposits | 21 | 95.6 | 29.9 | – | – | |
| Cash and cash equivalents | 22 | 159.4 | 1,609.1 | 0.2 | 105.1 | |
| Total current assets | 678.3 | 2,126.0 | 19.4 | 113.9 | ||
| Total assets | 9,722.9 | 11,171.7 | 5,703.9 | 4,942.4 | ||
| Current liabilities | ||||||
| Short-term borrowings and overdrafts | 26 | (308.6) | (1.1) | – | – | |
| Derivative financial instruments | 25 | (1.1) | (112.0) | – | – | |
| Trade and other payables | 23 | (395.5) | (625.8) | (8.1) | (118.9) | |
| Provisions | 24 | (1.5) | – | – | – | |
| Current tax liabilities | (111.0) | (161.5) | – | – | ||
| Total current liabilities | (817.7) | (900.4) | (8.1) | (118.9) | ||
| Non-current liabilities | ||||||
| Borrowings | 26 | (3,209.7) | (5,449.5) | – | – | |
| Pension deficit | 29 | (6.5) | – | – | – | |
| Deferred tax liabilities | 30 | – | (1.6) | – | – | |
| Total non-current liabilities | (3,216.2) | (5,451.1) | – | – | ||
| Total liabilities | (4,033.9) | (6,351.5) | (8.1) | (118.9) | ||
| Net assets | 5,689.0 | 4,820.2 | 5,695.8 | 4,823.5 | ||
| Equity | ||||||
| Capital and reserves attributable to the owners of the Parent | ||||||
| Ordinary shares | 32 | 76.5 | 76.2 | 76.5 | 76.2 | |
| Share premium | 785.3 | 785.2 | 785.3 | 785.2 | ||
| Capital redemption reserve | 30.5 | 30.5 | 30.5 | 30.5 | ||
| Merger reserve | – | – | 373.6 | 373.6 | ||
| Share-based payments | 6.0 | 8.1 | 6.0 | 8.1 | ||
| Retained earnings | 4,798.5 | 3,935.9 | 4,423.9 | 3,549.9 | ||
| Own shares | 33 | (6.9) | (12.4) | – | – | |
| Equity attributable to the owners of the Parent | 5,689.9 | 4,823.5 | 5,695.8 | 4,823.5 | ||
| Minority interests | (0.9) | (3.3) | – | – | ||
| Total equity | 5,689.0 | 4,820.2 | 5,695.8 | 4,823.5 | ||
The financial statements were approved by the Board of Directors on 18 May 2010 and were signed on its behalf by:
F W Salway
M F Greenslade
Directors
