Consolidated Income Statement
for the year ended 30 June 2009
|
|
Notes |
2009
£000 |
2008
£000 |
| Revenue |
2 |
16,678 |
18,425 |
|
Gross rental income relating to investment properties
|
2 |
16,574 |
15,772 |
| Property outgoings |
|
(689) |
(591) |
| Net rental income relating to investment properties |
|
15,885 |
15,181 |
| Proceeds on sale of trading properties |
2 |
104 |
2,653 |
| Carrying value of trading properties sold |
|
- |
(98) |
| Property outgoings relating to trading properties |
|
(33) |
(2) |
| Net income from trading properties |
|
71 |
2,553 |
| Administration expenses |
|
(2,998) |
(2,778) |
| Operating profit before net (losses)/gains on investments |
|
12,958 |
14,956 |
| Profit on disposal of investment properties |
|
618 |
48 |
| Net losses on revaluation of investment and development properties |
|
(64,185) |
(41,169) |
| Operating loss |
4 |
(50,609) |
(26,165) |
| Net finance costs |
6 |
(1,393) |
(544) |
| Loss before tax |
4 |
(52,002 |
(26,709) |
| Current tax |
|
(94) |
(535) |
| Deferred tax charge |
|
79 |
(17) |
| Total tax charge |
7 |
(15) |
(552) |
| Loss for the financial period |
|
(52,017) |
(27,261) |
| Basic and diluted loss per share |
9 |
(86.71)p |
(45.44)p |
All operations are continuing.
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