at 31 March 2011

Download Balance sheets XLS (32KB)



Group
Company

Notes 2011
£m
2010
£m

2011
£m
2010
£m
Non-current assets





Investment properties 14 8,889.0 8,044.3
Other property, plant and equipment 15 11.3 12.8
Net investment in finance leases 16 116.8 115.4
Loan investments 17 72.2 84.3
Investments in joint ventures 18 939.6 787.8
Investments in subsidiary undertakings 19
6,173.0 5,684.5
Trade and other receivables 21 77.0
Pension surplus 30 8.7
Total non-current assets
10,114.6 9,044.6
6,173.0 5,684.5
Current assets





Trading properties and long-term development contracts 20 129.3 87.9
Derivative financial instruments 26 1.0
Trade and other receivables 21 354.3 334.4
10.0 19.2
Monies held in restricted accounts and deposits 22 35.1 95.6
Cash and cash equivalents 23 37.6 159.4
0.2 0.2
Total current assets
556.3 678.3
10.2 19.4
Total assets
10,670.9 9,722.9
6,183.2 5,703.9
Current liabilities





Borrowings 27 (33.0) (308.6)
Derivative financial instruments 26 (1.1)
Trade and other payables 24 (423.2) (395.5)
(403.1) (8.1)
Provisions 25 (7.4) (1.5)
Current tax liabilities
(35.5) (111.0)
Total current liabilities
(499.1) (817.7)
(403.1) (8.1)
Non-current liabilities





Borrowings 27 (3,351.3) (3,209.7)
Derivative financial instruments 26 (2.0)
Pension deficit 30 (6.5)
Trade and other payables 24 (6.2)
Total non-current liabilities
(3,359.5) (3,216.2)
Total liabilities
(3,858.6) (4,033.9)
(403.1) (8.1)
Net assets
6,812.3 5,689.0
5,780.1 5,695.8
Equity





Capital and reserves attributable to the owners of the Parent





Ordinary shares 33 77.6 76.5
77.6 76.5
Share premium
785.3 785.3
785.5 785.3
Capital redemption reserve
30.5 30.5
30.5 30.5
Merger reserve

373.6 373.6
Share-based payments
7.2 6.0
7.2 6.0
Retained earnings
5,914.3 4,798.5
4,505.7 4,423.9
Own shares 34 (3.6) (6.9)
Equity attributable to the owners of the Parent
6,811.5 5,689.9
5,780.1 5,695.8
Non-controlling interests
0.8 (0.9)
Total equity
6,812.3 5,689.0
5,780.1 5,695.8

The financial statements were approved by the Board of Directors on 17 May 2011 and were signed on its behalf by:

  • F W Salway
  • M F Greenslade
  • Directors