Balance sheets as at 31 December 2007
| Notes | Group 2007 £m |
Group 2006 £m |
Company 2007 £m |
Company 2006 £m |
|
|---|---|---|---|---|---|
| Non-current assets | |||||
| Goodwill | 26.6 | – | – | – | |
| Investment and development property | 10 | 8,622.8 | 8,187.1 | – | – |
| Plant and equipment | 11 | 1.2 | 0.9 | – | – |
| Investment in group companies | 12 | – | – | 1,943.7 | 1,962.7 |
| Trade and other receivables | 14 | 83.5 | 81.4 | 1.8 | 2.3 |
| Investments | 15 | 51.0 | – | – | – |
| 8,785.1 | 8,269.4 | 1,945.5 | 1,965.0 | ||
| Current assets | |||||
| Trading property | 13 | 43.7 | 45.2 | – | – |
| Trade and other receivables | 14 | 155.3 | 113.8 | 1,982.7 | 1,412.8 |
| Cash and cash equivalents | 188.4 | 321.8 | 0.4 | – | |
| 387.4 | 480.8 | 1,983.1 | 1,412.8 | ||
| Total assets | 9,172.5 | 8,750.2 | 3,928.6 | 3,377.8 | |
| Current liabilities | |||||
| Trade and other payables | 17 | (341.7) | (319.5) | (114.4) | (123.2) |
| Tax liabilities | (5.7) | (2.1) | – | – | |
| Borrowings, including finance leases | 18 | (152.3) | (43.5) | – | – |
| Derivative financial instruments | 21 | (3.8) | (4.6) | – | – |
| (503.5) | (369.7) | (114.4) | (123.2) | ||
| Non-current liabilities | |||||
| Borrowings, including finance leases | 18 | (3,704.0) | (3,341.3) | (111.3) | (108.7) |
| Derivative financial instruments | 21 | (94.0) | (128.9) | – | – |
| Deferred tax provision | 22 | (73.7) | (40.8) | – | – |
| Other provisions | 23 | (1.4) | (4.9) | (0.1) | (0.8) |
| Other payables | (87.0) | (132.2) | (1.8) | (1.7) | |
| (3,960.1) | (3,648.1) | (113.2) | (111.2) | ||
| Total liabilities | (4,463.6) | (4,017.8) | (227.6) | (234.4) | |
| Net assets | 4,708.9 | 4,732.4 | 3,701.0 | 3,143.4 | |
| Equity | |||||
| Called up ordinary share capital | 24 | 181.4 | 181.4 | 181.4 | 181.4 |
| Share premium account | 24 | 975.6 | 975.6 | 975.6 | 975.6 |
| Treasury shares | 25 | (9.6) | (6.4) | (9.6) | (6.4) |
| Convertible bond reserve | 27 | 9.1 | 9.1 | 9.1 | 9.1 |
| Other non-distributable reserves | 28 | 275.4 | 265.1 | 60.9 | 61.9 |
| Retained earnings | 26 | 3,075.1 | 3,307.6 | 2,483.6 | 1,921.8 |
| Attributable to equity shareholders | 4,507.0 | 4,732.4 | 3,701.0 | 3,143.4 | |
| Minority interests | 201.9 | – | – | – | |
| Total equity | 4,708.9 | 4,732.4 | 3,701.0 | 3,143.4 | |
These consolidated financial statements have been approved for issue by the Board of Directors on 7 March 2008.
D.A. Fischel |
A.C. Smith |
|---|
Notes form part of these consolidated financial statements.