| |
 Balance
Sheets
as at 31 March 2003
| |
|
 Group |
|
Parent |
|
| |
|
|
2003 |
2002 |
|
2003 |
2002 |
| |
Note |
|
£m |
£m |
|
£m |
£m |
|
| Fixed assets |
|
|
|
|
|
|
|
| Investment properties |
11 |
|
8,085.2 |
7,528.3 |
|
|
|
| |
|
|
|
|
|
| Investments in joint ventures: |
|
|
|
|
|
147.4 |
224.0 |
|
Share of gross
assets
|
|
|
1,470.3 |
1,689.6 |
|
|
|
|
Share of gross
liabilities
|
|
|
(770.1) |
(962.4) |
|
|
|
| |
|
|
|
|
|
| |
12 |
|
700.2 |
727.2 |
|
147.4 |
224.0 |
| |
|
|
|
|
|
| Other investments |
13 |
|
26.6 |
12.4 |
|
9,104.6 |
8,078.9 |
| Negative goodwill |
10 |
|
(9.2) |
|
|
|
|
| |
|
|
|
|
|
| |
|
|
8,802.8 |
8,267.9 |
|
9,252.0 |
8,302.9 |
| |
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
|
| Trading properties |
11 |
|
46.2 |
47.0 |
|
|
|
| Debtors |
14 |
|
55.6 |
45.6 |
|
51.9 |
66.3 |
| Cash and deposits |
19 |
|
139.7 |
366.9 |
|
28.7 |
237.6 |
| |
|
|
|
|
|
| Total current assets |
|
|
241.5 |
459.5 |
|
80.6 |
303.9 |
| |
|
|
|
|
|
| Creditors due within one year |
|
|
|
|
|
|
|
| Convertible bonds |
19 |
|
|
(323.0) |
|
|
(323.0) |
| Other creditors |
15 |
|
(555.9) |
(446.5) |
|
(6,104.4) |
(5,543.6) |
| |
|
|
|
|
|
| |
|
|
(555.9) |
(769.5) |
|
(6,104.4) |
(5,866.6) |
| |
|
|
|
|
|
| Net current liabilities |
|
|
(314.4) |
(310.0) |
|
(6,023.8) |
(5,562.7) |
| |
|
|
|
|
|
| Total assets less current liabilities |
|
|
8,488.4 |
7,957.9 |
|
3,228.2 |
2,740.2 |
| Creditors due after one year |
16 |
|
(4,119.6) |
(3,613.7) |
|
(1,298.4) |
(738.2) |
| Convertible bonds |
19 |
|
(146.8) |
(146.7) |
|
(146.8) |
(146.7) |
| Provisions for liabilities and charges |
17 |
|
(92.7) |
(89.6) |
|
(2.1) |
(0.2) |
|
| Net assets |
|
|
4,129.3 |
4,107.9 |
|
1,780.9 |
1,855.1 |
|
| Capital and reserves |
|
|
|
|
|
|
|
| Called up share capital |
21 |
|
122.1 |
129.6 |
|
122.1 |
129.6 |
| Share premium |
22 |
|
1,107.7 |
1,106.2 |
|
1,107.7 |
1,106.2 |
| Capital redemption reserve |
22 |
|
7.9 |
0.3 |
|
7.9 |
0.3 |
| Other reserves |
22 |
|
(8.0) |
(5.7) |
|
(4.5) |
(4.6) |
| Revaluation reserve |
22 |
|
2,225.9 |
2,165.0 |
|
99.2 |
95.4 |
| Profit and loss account |
22 |
|
673.7 |
712.5 |
|
448.5 |
528.2 |
|
| Equity shareholders’ funds |
|
|
|
4,129.3 |
4,107.9 |
|
1,780.9 |
1,855.1 |
|
| |
| Adjusted Net Asset Value per share |
– Basic |
18 |
|
884p |
833p |
|
|
|
| |
|
|
|
|
|
|
|
| |
– Fully Diluted |
18 |
|
860p |
803p |
|
|
|
| |
|
|
|
|
|
|
| |
(The adjusted NAV per share includes the external
valuation surplus on development and trading properties but excludes the
capital allowance effects of FRS 19)
 |
 |
| John Ritblat Chairman |
Graham Roberts Finance Director |
Approved by the Board on 27 May 2003
 Back
to top
|
