Consolidated Income Statement
FOR THE YEAR ENDED 31 DECEMBER
|
|
Notes |
2007
£000 |
2006
£000 |
| Revenue |
2
|
328,485 |
339,713 |
| Cost of sales |
|
(319,218) |
(381,021) |
| Gross profit/(loss) |
|
9,267 |
(41,308) |
| Net appreciation in fair value of Investment Properties |
|
66,799 |
68,622 |
| Profit on disposal of Investment Properties |
|
3,688 |
1,406 |
| Gains on Investment Properties |
|
70,487 |
70,028 |
| Profit on sale of business |
29
|
8,481 |
— |
| Other operating income and expenses |
4
|
(5,579) |
(1,075) |
| Operating profit |
2
|
82,656 |
27,645 |
| Finance costs |
6
|
(17,121) |
(12,376) |
| Finance income |
6
|
2,951 |
2,261 |
| Finance costs — net |
6
|
(14,170) |
(10,115) |
| Share of post-tax profit from joint venture |
14
|
537 |
105 |
| Profit before tax |
3
|
69,023 |
17,635 |
| Tax credit/(charge) |
8
|
25,000 |
(143) |
| Profit for the year |
|
94,023 |
17,492 |
|
|
|
|
|
Attributable to: |
|
|
|
| Equity holders of the Company |
|
94,023 |
17,492 |
| Earnings per share |
|
pence |
pence |
| Basic and diluted |
11
|
59.9 |
11.7 |