![Great Portland Estates - Go to home page [Accesskey '0']](/images/logo.gif){kind=logo}
Sub menu links
In this section
Based on the Group financial statements for the years ended 31
March
| IFRS | |||||
|---|---|---|---|---|---|
| 2005 Restated £m |
2006 £m |
2007 £m |
2008 £m |
2009 £m |
|
| Property portfolio | 813.5 | 1,023.7 | 1,333.0 | 1,095.8 | 803.2 |
| Joint ventures | 42.6 | 72.4 | 176.0 | 390.6 | 182.2 |
| Loans | (297.6) | (335.7) | (393.3) | (425.3) | (378.3) |
| Other net (liabilities)/assets | (42.5) | (105.7) | (39.7) | (11.7) | (38.5) |
| Net assets | 516.0 | 654.7 | 1076.0 | 1,049.4 | 568.6 |
| Financed by | |||||
| Issued share capital | 20.3 | 20.4 | 22.6 | 22.6 | 22.6 |
| Reserves | 495.7 | 634.3 | 1,053.4 | 1,026.8 | 546.0 |
| Total equity | 516.0 | 654.7 | 1,076.0 | 1,049.4 | 568.6 |
| Net assets per share | 317p | 401p | 594p | 580p | 314p |
| Diluted adjusted net assets per share | 337p | 437p | 594p | 582p | 329p |
| 2005 £m |
2006 £m |
2007 £m |
2008 £m |
2009 £m |
|
|---|---|---|---|---|---|
| Rental income | 51.6 | 44.5 | 46.9 | 44.4 | 42.4 |
| Joint venture fee income | – | 1.3 | 1.6 | 5.8 | 4.7 |
| Rental and joint venture fee income | 51.6 | 45.8 | 48.5 | 50.2 | 47.1 |
| Property and administration expenses | (13.2) | (15.4) | (18.2) | (19.9) | (17.6) |
| Profit from development management agreements | – | – | 5.3 | 7.1 | 4.0 |
| 38.4 | 30.4 | 35.6 | 37.4 | 33.5 | |
| (Deficit)/gain on investment property | 58.5 | 186.1 | 278.1 | (8.7) | (315.5) |
| Share of (loss)/profit of joint ventures | 9.3 | 16.4 | 45.2 | (1.6) | (131.5) |
| Profit before financing costs | 106.2 | 232.9 | 358.9 | 27.1 | (413.5) |
| Finance income | 2.2 | 0.8 | 0.3 | 0.6 | 0.3 |
| Finance costs | (18.9) | (18.2) | (22.0) | (30.7) | (22.9) |
| Non-recurring items | (6.9) | (27.5) | (11.2) | – | (0.1) |
| (Loss)/profit before taxation | 82.6 | 188.0 | 326.0 | (3.0) | (436.2) |
| Taxation | (14.0) | (39.7) | 56.8 | (1.1) | 0.1 |
| (Loss)/profit after taxation | 68.6 | 148.3 | 382.8 | (4.1) | (436.1) |
| Earnings per share - basic | 39.3p | 91.7p | 235.7p | (2.2)p | (241.1)p |
| Earnings per share - adjusted | 11.6p | 10.2p | 10.2p | 12.6p | 12.2p |
| Dividend per share | 10.75p | 11.0p | 11.3p | 11.9p | 12.0p |
The information presented for the year to 31March 2005 has been restated for the introduction of IFRS.