Overview
Statements
Business Review
Portfolio Description
Governance
Financial Statements
Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Statement of Recognised Income and Expense
Consolidated Cash Flow Statement
Notes to the Accounts
Basis of preparation
Performance measures
Gross and net rental income
Fees and other income
Other income statement disclosures
Net revaluation (losses) gains on property and investments
Net financing costs
Taxation
Staff costs
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Property
Funds and Joint Ventures
Other non-current assets
Debtors
Creditors
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Deferred taxation
Net debt
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Share capital and reserves
Leasing
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Contingent liabilities
Related party transactions
Report of the Auditors
Table A
Company Balance Sheet
Ten Year Record
Financial Calendar
Shareholder Information
Glossary of Terms

Financial Statements

Notes to the Accounts

24 Contingent liabilities

TPP Investments Limited, a wholly-owned ring-fenced special purpose subsidiary, is a partner in The Tesco British Land Property Partnership and, in that capacity, has entered into a secured bank loan under which its liability is limited to £23m (2007: £23m) and recourse is only to the partnership assets.

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