| 2007 | 2006 | ||||
| Notes | £’000 | £’000 | £’000 | £’000 | |
| Non-current assets | |||||
| Property, plant and equipment | |||||
| – Operating properties | 10(a) | 2,360 | 8,090 | ||
| – Other plant and equipment | 10(b) | 2,372 | 3,618 | ||
| Investment properties | 11 | 154,811 | 139,461 | ||
| Financial assets | 16(a) | 16,540 | 5,881 | ||
| Investments in associates | 12(a) | 842 | 673 | ||
| Investments in joint ventures | 12(b) | 8,379 | 20,464 | ||
| Trade and other receivables | 14(a) | 653 | 1,468 | ||
| Deferred tax assets | 17 | 4,997 | 6,215 | ||
| 190,954 | 185,870 | ||||
| Investment property – held for sale | 11(c) | – | 5,299 | ||
| Investment in joint venture – held for sale | 12(b) | 654 | – | ||
| Current assets | |||||
| Inventory – developments and trading properties | 13 | 155,544 | 74,663 | ||
| Financial assets | 16(a) | 12,734 | – | ||
| Trade and other receivables | 14(b) | 16,597 | 10,014 | ||
| Cash and short-term deposits | 20(b) | 73,135 | 88,536 | ||
| 258,010 | 173,213 | ||||
| Total assets | 449,618 | 364,382 | |||
| Current liabilities | |||||
| Trade and other payables | 15(a) | (62,925) | (16,747) | ||
| Financial liabilities | 16(b) | (853) | (15,515) | ||
| (63,778) | (32,262) | ||||
| Non-current liabilities | |||||
| Financial liabilities | 16(b) | (143,796) | (87,419) | ||
| Deferred tax liabilities | 17 | (11,697) | (12,233) | ||
| Provisions | 15(b) | (1,431) | (1,055) | ||
| (156,924) | (100,707) | ||||
| Total liabilities | (220,702) | (132,969) | |||
| Net assets | 228,916 | 231,413 | |||
| Capital and reserves | |||||
| Share capital | 18 | 20,283 | 20,356 | ||
| Share premium | 19 | 109,801 | 108,850 | ||
| Revaluation reserve | 19 | 1,081 | 853 | ||
| Other reserves | 19 | 47,596 | 45,793 | ||
| Retained earnings | 19 | 50,155 | 55,561 | ||
| Total equity | 228,916 | 231,413 | |||
| Basic net assets per share | 9 | 564p | 568p | ||
| Diluted net assets per share | 9 | 563p | 565p |
Approved and authorised for issue by the Board of Directors on 8th April 2008 and signed on its behalf by
M H Marx
Director
