Consolidated statement of financial position
| Before profit appropriation |
|
|
|
|
|
| (€ million) |
Note |
31 December 2009 |
31 December 2008 |
|
|
| |
|
€ million |
€ per share |
€ million |
€ per share |
| Assets |
|
|
|
|
|
| Investment property |
10 |
5,516.0 |
5,562.9 |
|
|
| Investment property under development |
11 |
194.5 |
247.5 |
|
|
| Investment in associates |
12 |
175.0 |
221.3 |
|
|
| Other investments |
13 |
0.7 |
56.4 |
|
|
| Intangible assets |
14 |
64.0 |
49.5 |
|
|
| Property, plant and equipment |
15 |
5.6 |
5.3 |
|
|
| Deferred tax assets |
16 |
20.6 |
13.4 |
|
|
| Total non-current assets |
|
5,976.4 |
6,156.3 |
|
|
| |
|
|
|
|
|
| Trade and other receivables |
17 |
123.9 |
139.2 |
|
|
| Other investments |
13 |
99.7 |
102.1 |
|
|
| Cash and cash equivalents |
18 |
91.2 |
10.8 |
|
|
| Total current assets |
|
314.8 |
252.1 |
|
|
| |
|
|
|
|
|
| Total assets |
|
6,291.2 |
6,408.4 |
|
|
| |
|
|
|
|
|
| Equity |
|
|
|
|
|
| Share capital |
|
763.6 |
672.5 |
|
|
| Share premium |
|
1,039.7 |
903.0 |
|
|
| Reserves |
|
1,712.7 |
2,122.6 |
|
|
| Net result for the year |
|
-131.9 |
-239.6 |
|
|
| Total shareholders’ equity |
|
3,384.1 |
3,458.5 |
|
|
| Non-controlling interest |
|
35.7 |
– |
|
|
| Total equity |
|
3,419.8 |
3,458.5 |
|
|
| |
|
|
|
|
|
| Liabilities |
|
|
|
|
|
| Loans and borrowings |
21 |
2,325.6 |
2,362.9 |
|
|
| Employee benefits |
22 |
0.6 |
0.8 |
|
|
| Provisions |
23 |
1.9 |
2.4 |
|
|
| Deferred tax liabilities |
16 |
251.3 |
288.0 |
|
|
| Total non-current liabilities |
|
2,579.4 |
2,654.1 |
|
|
| |
|
|
|
|
|
| Loans and borrowings |
21 |
29.9 |
96.8 |
|
|
| Trade and other payables |
24 |
262.1 |
199.0 |
|
|
| Total current liabilities |
|
292.0 |
295.8 |
|
|
| |
|
|
|
|
|
| Total liabilities |
|
2,871.4 |
2,949.9 |
|
|
| |
|
|
|
|
|
| Total equity and liabilities |
|
6,291.2 |
6,408.4 |
|
|
| |
|
|
|
|
|
| Shareholders’ equity (balance sheet) |
|
3,384.1 |
44.32 |
3,458.5 |
52.20 |
| Deferred tax (balance sheet) |
|
230.7 |
3.02 |
274.6 |
4.15 |
| Change loans to market value |
|
18.7 |
0.24 |
142.7 |
2.15 |
| Deferred tax (EPRA) |
|
-33.6 |
-0.44 |
-34.3 |
-0.52 |
| EPRA NNNAV* |
|
3,599.9 |
47.14 |
3,841.5 |
57.98 |
| |
|
|
|
|
|
| Share price at closing |
|
|
47.69 |
|
32.89 |
| NAV Premium/(discount) |
|
|
7.61% |
|
-36.99% |
| NNNAV Premium/(discount) |
|
|
1.16% |
|
-43.28% |
Source: Annual Report 2009, Chapter Finacial Statements, page 87 (PDF, 240 kB)
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