Profit or loss Net income Administrative costs Profit/(loss) on revaluation of investment properties Profit/(loss) on sale of investment properties Share of profits/(losses) of joint ventures Operating profit Taxation Equity shareholders Non-controlling interest Basic Diluted Statement of financial position Investment properties Investment in equity accounted joint ventures Other tangible assets Assets held for sale Trading properties Trade and other receivables Total assets Trade and other payables Borrowings Lease liabilities Total liabilities Net assets Called up share capital Other reserve Equity shareholders’ funds Non-controlling interest Total equity IFRS net asset value per share Statement of changes in equity Equity placing Purchase of shares held in Employee Benefit Trust Vesting of shares held in Employee Benefit Trust Share based awards Increase (decrease) through dividends, equity Distribution to non-controlling interest Statement of cash flows Adjustments for (profit)/loss on revaluation of investment properties (Profit)/loss on sale of investment properties Share of post tax (profit)/loss of joint ventures Adjustments for movement in lease incentives Share based payment Net finance costs Cash flows from operations before changes in working capital Change in trade and other receivables Change in trade and other payables Cash flows from operations Tax paid Cash flows from operating activities Purchase of investment properties Capital expenditure on investment properties classified as investing activities Purchase of investments classified as investing activities Lease incentives paid classified as investing activities Sale of investment properties Investments in joint ventures Distributions from joint ventures classified as investing activities Interest received Net cash used in investing activities Dividends paid Distribution to non-controlling interest classified as financing activities Purchase of shares held in Employee Benefit Trust classified as financing activities Vesting of shares held in Employee Benefit Trust classified as financing activities New borrowings and amounts drawn down Repayment of loan facilities Financial arrangement fees and break costs Interest paid Net cash (used in)/from financing activities Net (decrease)/increase in cash and cash equivalents