– 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

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