Group balance sheet

At 31 March 2011

Notes 2011
£m
2010
£m
Non-current assets
Investment property 10 1,049.5 774.9
Development property, plant and equipment 11 1.2 1.2
Investment in joint ventures 12 449.8 332.4
1,500.5 1,108.5
Current assets
Trade and other receivables 13 21.7 32.8
Corporation tax receivable 0.8
Cash and cash equivalents 3.0 45.7
24.7 79.3
Total assets 1,525.2 1,187.8
Current liabilities
Trade and other payables 14 31.5 30.6
Corporation tax payable 0.1
31.6 30.6
Non-current liabilities
Interest-bearing loans and borrowings 15 352.1 278.3
Obligations under finance leases 17 28.5 2.0
Pension liability 23 0.3 0.2
380.9 280.5
Total liabilities 412.5 311.1
Net assets 1,112.7 876.7
Equity
Share capital 18 39.1 39.1
Share premium account 218.1 218.1
Hedging reserve (1.5) (4.6)
Capital redemption reserve 16.4 16.4
Retained earnings 884.6 608.0
Investment in own shares 19 (4.0) (0.3)
Total equity 1,112.7 876.7
Net assets per share 9 359p 280p
EPRA net assets per share 9 360p 283p

Approved by the Board on 24 May 2011 and signed on its behalf by

Toby Courtauld
Chief Executive
Timon Drakesmith
Finance Director


Download MS Excel file of Group balance sheet