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Safestore Holdings plc
Interim report
for the six months ended 30 April 2011
Notes to the interim report
for the six months ended 30 April 2011
11 Property portfolio
| Investment properties £'000 |
Interest in leasehold properties £'000 |
Investment properties under construction £'000 |
Total investment properties £'000 |
|
At 1 November 2010 |
686,178 | 69,130 | 18,360 | 773,668 |
Additions |
1,788 | — | 8,611 | 10,399 |
Impairments |
(2,262) | — | — | (2,262) |
Reclassifications |
10,571 | — | (10,571) | — |
Revaluation |
(7,058) | — | (1,762) | (8,820) |
Depreciation |
— | (2,720) | — | (2,720) |
Exchange movements |
3,593 | 371 | — | 3,964 |
At 30 April 2011 |
692,810 | 66,781 | 14,638 | 774,229 |
The impairment charge of £2.3 million has been recognised as a result of a fire at the La Défense store in Paris on 30 December 2010.
| Investment properties £'000 |
Interest in leasehold properties £'000 |
Investment properties under construction £'000 |
Total investment properties £'000 |
|
At 1 November 2009 |
646,778 | 71,954 | 12,641 | 731,373 |
Additions |
2,394 | — | 6,519 | 8,913 |
Disposals |
— | (2,784) | — | (2,784) |
Reclassifications |
— | (2,858) | — | (2,858) |
Revaluation |
9,195 | — | (1,407) | 7,788 |
Depreciation |
— | (2,838) | — | (2,838) |
Exchange movements |
(3,973) | (352) | — | (4,325) |
At 30 April 2010 |
654,394 | 63,122 | 17,753 | 735,269 |
