Unaudited consolidated income statement for the six months ended 30 September 2009

Six months ended 30 September Year to 31 March
Notes 2009
£m
2008
Restated(1)
£m
2009

£m
Continuing operations
Group revenue(2) 4 418.7 405.4 821.2
Costs (200.3) (164.6) (326.4)
218.4 240.8 494.8
Loss on disposal of investment properties (18.6) (0.7) (130.8)
Net deficit on revaluation of investment properties (89.8) (1,551.3) (4,113.4)
Impairment of trading properties (9.3) (92.3)
Operating profit/(loss) 3 100.7 (1,311.2) (3,841.7)
Interest expense 5 (134.2) (139.0) (262.9)
Interest income 5 19.8 16.3 32.5
Fair value movement on interest-rate swaps 5 10.9 4.7 (102.1)
(2.8) (1,429.2) (4,174.2)
Share of the loss of joint ventures (post-tax) 10 (1.8) (192.0) (599.0)
Loss before tax (4.6) (1,621.2) (4,773.2)
Income tax 17.8 2.7 (0.5)
Profit/(loss) for the period from continuing operations 13.2 (1,618.5) (4,773.7)
Discontinued operations (106.9) (420.9)
Profit/(loss) for the period 13.2 (1,725.4) (5,194.6)
Attributable to:
Owners of the Parent 11.9 (1,725.4) (5,191.3)
Minority interests 1.3 (3.3)
Profit/(loss) for the period 13.2 (1,725.4) (5,194.6)
Earnings/(loss) per share attributable to the owners of the Parent (pence)(3) (4)
Basic earnings/(loss) per share 7 1.58 (335.16) (999.04)
of which from: continuing operations 7 1.58 (314.39) (918.04)
of which from: discontinued operations 7 (20.77) (81.00)
Diluted earnings/(loss) per share 7 1.58 (335.16) (999.04)
of which from: continuing activities 7 1.58 (314.39) (918.04)
of which from: discontinued operations 7 (20.77) (81.00)
  1. Restated to reclassify the results of Trillium from continuing operations to discontinued operations.
  2. Group revenue excludes the share of joint ventures’ income of £56.0m (30 September 2008: £39.5m, 31 March 2009: £104.8m).
  3. Adjusted earnings per share from continuing operations is given in note 7.
  4. The earnings per share figures for the six months ended 30 September 2008 have been restated to reflect the bonus element inherent in the Rights Issue that was approved on 9 March 2009.
 
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