Group income statement

For the year ended 31 March 2011

Notes 2011
£m
2010
£m
Total revenue 2 73.6 54.9
Net rental income 3 63.7 45.7
Joint venture fee income 12 4.1 3.0
Rental and joint venture fee income 67.8 48.7
Property expenses 4 (4.0) (4.0)
Net rental and related income 63.8 44.7
Administration expenses 5 (17.3) (12.6)
Development management income 0.1
Operating profit before surplus on investment property and results of joint ventures 46.5 32.2
Surplus from investment property 10 131.3 89.8
Share of results of joint ventures 12 97.9 59.0
Operating profit 275.7 181.0
Finance income 6 2.2 0.4
Finance costs 7 (13.8) (13.2)
Change on 2010 cancellation of derivatives 7 (3.1) (11.6)
Profit before tax 261.0 156.6
Tax 8 (0.9) (0.2)
Profit for the year 260.1 156.4
Basic and diluted earnings per share 9 83.8p 55.5p
EPRA earnings per share 9 16.0p 10.1p


All results are derived from continuing operations.


Download MS Excel file of this page