Consolidated balance sheet
as at 31 October 2011
Group |
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| Notes | 2011 £'000 |
2010 £'000 |
|
Assets |
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Non-current assets |
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Investment properties |
10 | 713,564 | 686,178 |
Interests in leasehold properties |
10 | 62,534 | 69,130 |
Investment properties under construction |
10 | 15,059 | 18,360 |
Property, plant and equipment |
11 | 2,856 | 1,794 |
Deferred income tax assets |
20 | 7,031 | 8,498 |
Derivative financial instruments |
18 | 78 | 227 |
| 801,122 | 784,187 | ||
Current assets |
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Inventories |
13 | 242 | 253 |
Trade and other receivables |
14 | 17,018 | 16,244 |
Derivative financial instruments |
18 | 6 | 72 |
Cash and cash equivalents |
15 | 14,674 | 15,481 |
| 31,940 | 32,050 | ||
Total assets |
833,062 | 816,237 | |
Current liabilities |
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Financial liabilities: |
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– bank borrowings |
17 | (10,143) | — |
– derivative financial instruments |
18 | (92) | (3,332) |
Trade and other payables |
16 | (35,048) | (35,817) |
Obligations under finance leases |
19 | (10,040) | (10,005) |
| (55,323) | (49,154) | ||
Non-current liabilities |
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Financial liabilities: |
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– bank borrowings |
17 | (326,883) | (309,511) |
– derivative financial instruments |
18 | (6,164) | (4,956) |
Trade and other payables |
16 | (529) | (745) |
Deferred income tax liabilities |
20 | (116,510) | (122,557) |
Obligations under finance leases |
19 | (52,494) | (59,125) |
| (502,580) | (496,894) | ||
Total liabilities |
(557,903) | (546,048) | |
Net assets |
275,159 | 270,189 | |
Equity |
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Ordinary shares |
21 | 1,881 | 1,881 |
Share premium |
28,349 | 28,349 | |
Other reserves |
23 | 11,815 | 10,715 |
Retained earnings |
22,23 | 233,114 | 229,244 |
Total equity |
23 | 275,159 | 270,189 |
The notes, which are available in the 2011 annual report, are an integral part of these consolidated financial statements.
These financial statements were authorised for issue by the Board of Directors on 26 January 2012 and signed on its behalf by:
| R D Hodsden | P D Gowers |
| Chief Financial Officer | Chief Executive Officer |
Company registration number 4726380
