British Land First Quarter Report to 30 June 2008
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Consolidated Statement of Recognised Income and Expense
for the three month period ended 30 June 2008
Year ended
31 March
2008
Audited
£m |
|
Note |
Three months
ended
30 June
2008
Unaudited
£m |
Three months
ended
30 June
2007
Unaudited
£m |
| (1,563) |
(Loss) profit for the period after taxation |
|
(565) |
275 |
|
Valuation movements |
|
|
|
| 57 |
- on development properties |
2 |
(44) |
60 |
| 3 |
- on owner-occupied property |
2 |
(1) |
|
| (70) |
- on other investments |
2 |
(17) |
(30) |
| (10) |
|
|
(62) |
30 |
|
Gains on cash flow hedges |
|
|
|
| (53) |
- Group |
|
115 |
103 |
| (20) |
- Funds and joint ventures |
|
25 |
12 |
| (10) |
Actuarial loss on pension scheme |
|
|
|
| 25 |
Tax on items taken directly to equity |
|
6 |
11 |
| (68) |
Net gain (loss) recognised directly in equity |
|
84 |
156 |
|
Transferred to the income statement (cash flow hedges) |
|
|
|
| 1 |
- foreign currency derivatives |
|
|
1 |
| (28) |
- interest rate derivatives |
|
(7) |
(4) |
| (27) |
|
|
(7) |
(3) |
| (1,658) |
Total recognised income and expense for the period |
|
(488) |
428 |
Reconciliation of Movements in Shareholders' Funds
Year ended
31 March
2008
Audited
£m |
|
Three months
ended
30 June
2008
Unaudited
£m |
Three months
ended
30 June
2007
Unaudited
£m |
| |
Capital items |
|
|
| 7 |
- Shares issued |
1 |
2 |
| (151) |
- Purchase of own shares |
|
(12) |
| 11 |
- Adjustment for share and share option awards |
2 |
3 |
| (166) |
- Dividends paid in the period |
(45) |
(34) |
| (299) |
|
(42) |
(41) |
| (1,658) |
Total recognised income and expense for the period |
(488) |
428 |
| (1,957) |
Movement in shareholders' funds for the period |
(530) |
387 |
| 8,747 |
Opening equity shareholders' funds |
6,790 |
8,747 |
| 6,790 |
Closing equity shareholders' funds |
6,260 |
9,134 |
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