Income statement

– for the year ended 31 March 2010

Download Income statement XLS (23KB)

Notes Group
2010
£m		 Group
2009
£m
Group revenue1 5 833.4 821.2
Costs (392.5) (326.4)
440.9 494.8
Loss on disposal of investment properties 4 (32.5) (130.8)
Net surplus/(deficit) on revaluation of investment properties 4 746.0 (4,113.4)
Impairment of trading properties 4 (10.6) (92.3)
Operating profit/(loss) 5 1,143.8 (3,841.7)
Interest expense 8 (248.9) (262.9)
Interest income 8 29.8 32.5
Fair value movement on interest-rate swaps 8 7.0 (102.1)
931.7 (4,174.2)
Share of the profit/(loss) of joint ventures (post-tax) 17 137.6 (599.0)
Profit/(loss) before tax 1,069.3 (4,773.2)
Income tax 10 23.1 (0.5)
Profit/(loss) for the financial year from continuing activities 1,092.4 (4,773.7)
Discontinued operations – (420.9)
Profit/(loss) for the financial year 1,092.4 (5,194.6)

Attributable to:
Owners of the Parent 1,088.9 (5,191.3)
Minority interests 3.5 (3.3)
Profit/(loss) for the financial year 1,092.4 (5,194.6)

Earnings/(loss) per share attributable to the owners of the Parent (pence)2
Basic earnings/(loss) per share 11 144.04 (999.04)
of which from: continuing activities 11 144.04 (918.04)
of which from: discontinued operations 11 – (81.00)
Diluted earnings/(loss) per share 11 143.96 (999.04)
of which from: continuing activities 11 143.96 (918.04)
of which from: discontinued operations 11 – (81.00)
  1. Group revenue excludes the share of joint ventures’ income of £101.7m (2009: £104.8m) (see note 17).
  2. Adjusted earnings per share from continuing operations is given in note 11.

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