Development Securities PLC Preliminary Results -27-
April 29 2015 - 2:02AM
UK Regulatory
its financial interests:
2015 2014
Project/partner Project activity Accounting classification GBP'000 GBP'000
=================================== ========================== ========================== ======== ========
Atlantic Park (Bideford)
Limited Strategic land investment Investment in associates 276 276
Barwood Development Securities
Limited Strategic land investment Investment in associates 2,500 2,500
Barwood Land and Estates
Limited Strategic land investment Investment in associates 1,500 1,500
CDSR Burlington House Developments
Limited Property development Investment in associates 3,977 -
Wessex Property Fund Property investment Investment in associates - -
Beyond Green Developments
Limited Property development Development properties 6,923 6,437
Wessex Investors Property development Development properties 4,752 3,818
Grantham Associates Limited Hotel operator Trading property 4,267 4,267
Cathedral (Greenwich Beach)
Limited Property development Financial assets - 4,433
Cathedral (Movement, Greenwich)
LLP Property development Financial assets 1,329 829
Northpoint Developments
Limited Property development Financial assets 18,195 16,990
Investment in joint
Curzon Park Limited Property development ventures - -
Curzon Park Limited Property development Financial assets 8,450 6,150
Deeley Freed Limited Property development Financial assets 9,487 -
Property Alliance Group Property development Financial assets 1,500 1,500
Accrue Student Housing Investment in joint
GP Limited Student accommodation ventures 1,766 1,601
Investment in joint
Becket House Unit Trust Investment property ventures 5,897 -
Investment in joint
Cathedral (Brighton) Limited Property development ventures 4,523 -
Development Equity Partners Investment in joint
Limited Property development ventures 276 276
Investment in joint
DSP Tirol Limited Investment property ventures 5,043 -
Investment in joint
DS Renewables LLP Property development ventures - -
The Esplanade Partnership Investment in joint
Limited Property trading ventures - 522
Harwell Oxford Developments Investment in joint
Limited Property development ventures 7,067 6,140
Kensington & Edinburgh
Estates
(South Woodham Ferrers) Investment in joint
Limited Property development ventures 448 163
Manchester Arena Complex Investment in joint
LP Investment property ventures 175 61
Notting Hill (Guernsey Investment in joint
Holdco) Limited Property development ventures 7,064 6,569
Opportunities of Sittingbourne Investment in joint
Limited Property development ventures 118 -
Investment in joint
Orion Land & Leisure Limited Property development ventures 2,716 3,686
Investment in joint
Purplexed LLP Property development ventures - 9,332
Investment in joint
Winnebago Holdings Sarl Investment property ventures 5,451 3,430
=================================== ========================== ========================== ======== ========
103,700 80,480
========================================================================================= ======== ========
The aggregate amounts included within each relevant Balance
Sheet account are as follows:
2015 2014
GBP'000 GBP'000
=============================== ======== ========
Investment in associates 8,253 4,276
Investment in joint ventures 40,544 31,780
Financial assets - current 1,700 1,700
Financial assets - non-current 37,261 28,202
Development properties 11,675 10,255
Trading properties 4,267 4,267
=============================== ======== ========
103,700 80,480
=============================== ======== ========
16 Post balance sheet events
As at 28th February 2015, the Group had exchanged contracts for
the sale of a trading asset. This sale has since successfully
completed.
As part of the acquisition of Cathedral,, the Group acquired a
50 per cent holding of Cathedral (Brighton) Limited with McLaren
Property Limited holding the remaining 50 per cent. Since the year
end the Group has acquired McLaren's 50 per cent holding and
therefore now holds 100 per cent of Cathedral (Brighton)
Limited.
Glossary
-- Operating profit: stated after gain on disposal of investment
properties and the revaluation of the Investment property portfolio
and before the results of associates, jointly controlled entities
and finance income and costs.
-- IPD Index and Total Portfolio Return: total return from the
completed investment property portfolio, comprising net rental
income or expenditure, capital gains or losses from disposals and
revaluation surpluses or deficits, divided by the average capital
employed during the financial year, as defined and measured by
Investment Property Databank Limited, a company that produces
independent benchmarks of property returns.
-- Total Shareholder Return: movement in share price over the
year plus dividends paid as a percentage of the opening share
price.
-- Gearing: expressed as a percentage, is measured as net debt
divided by total shareholders' funds.
-- Adjusted gearing: expressed as a percentage, is calculated by
deducting from net debt the current fair value of the subordinated
loan notes and adding back relevant restricted cash balances and
transaction costs.
-- Loan to value gearing: expressed as a percentage of net debt
as a proportion of total property assets, including shares of
properties and net debt in all projects in partnership.
-- Net debt: total debt less cash and short-term deposits,
including cash held in restricted accounts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR EAXLPAELSEFF
U And I (LSE:UAI)
Historical Stock Chart
From Apr 2024 to May 2024
U And I (LSE:UAI)
Historical Stock Chart
From May 2023 to May 2024