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Other Consolidated Primary Statements
for the year ended 31 March 2005
| 2005 £m |
2004 £m |
||
|---|---|---|---|
| Statement of total recognised gains and losses | |||
| Profit on ordinary activities after taxation | 58.7 | 171.5 | |
| Unrealised surplus on revaluation: | |||
| – investment properties | 586.9 | 396.6 | |
| – joint ventures | 161.5 | 65.3 | |
| – other investments | 43.1 | 0.3 | |
| 791.5 | 462.2 | ||
| Exchange movements on net investments | (0.3) | 0.3 | |
| Taxation on realisation of prior year revaluations | (4.6) | ||
| Pension scheme movements (note 9) | (2.7) | (0.2) | |
| Fair value adjustment on consolidation of former joint ventures | (8.3) | ||
| Total recognised gains and losses relating to the financial year | 847.2 | 620.9 | |
| 2005 | 2004 | ||
| £m | £m | ||
| Note of historical cost profits and losses | |||
| Profit on ordinary activities before taxation | 21.8 | 186.0 | |
| Realisation of prior year revaluations | 11.5 | 72.2 | |
| Historical cost profit on ordinary activities before taxation | 33.3 | 258.2 | |
| Taxation | 36.9 | (14.5) | |
| Taxation on realisation of prior year revaluations | (4.6) | ||
| Ordinary dividends | (83.9) | (70.8) | |
| Historical cost (loss) profit for the year retained after taxation and dividends | (13.7) | 168.3 | |
| 2005 | 2004 | ||
| £m | £m | ||
| Reconciliation of movements in shareholders’ funds | |||
| Profit on ordinary activities after taxation | 58.7 | 171.5 | |
| Ordinary dividends | (83.9) | (70.8) | |
| Retained (loss) profit for the year | (25.2) | 100.7 | |
| Revaluation of investment properties and investments | 791.5 | 462.2 | |
| Exchange movements on net investments | (0.3) | 0.3 | |
| Taxation on realisation of prior year revaluations | (4.6) | ||
| Fair value adjustment on consolidation of former joint ventures | (8.3) | ||
| 766.0 | 550.3 | ||
| Shares issued | 150.2 | 1.7 | |
| Pension scheme movements | (2.7) | (0.2) | |
| Purchase and cancellation of own shares | (5.0) | ||
| Purchase of ESOP shares | (10.9) | (6.7) | |
| Adjustment for share and share option awards | 7.3 | 6.0 | |
| Increase in shareholders’ funds | 909.9 | 546.1 | |
| Opening shareholders’ funds | 4,669.4 | 4,123.3 | |
| Closing shareholders’ funds | 5,579.3 | 4,669.4 |