annington annual rep 2019-web - Page 49



Financial statements | Consolidated balance sheet
Consolidated statement of changes in equity
CONSOLIDATED BALANCE SHEET
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
AT 31 MARCH 2019
FOR THE YEAR ENDED 31 MARCH 2019
Note
2019
£’000
2018
£’000
Investment properties
10
7,656,911
7,102,224
Plant and equipment
11
572
217
Investment in joint ventures
12
6,039
14,198
Derivate financial instruments
19
-
3,559
7,663,522
7,120,198
Non-current assets
13
8,576
5,732
Trade and other receivables
14
3,636
607
Cash and cash equivalents
15
162,783
156,607
174,995
162,946
2,225
2,711
7,840,742
7,285,855
Investment properties held for sale
10
Total assets
Share
premium
£’000
Merger
reserve
£’000
Hedging
Reserve
£’000
Retained
earnings
£’000
Total
equity
£’000
84,756
-
(10,000)
-
3,724,303
3,799,059
Total comprehensive income/(loss) for the year
-
-
-
499
(1,059,802)
(1,059,303)
Share premium
-
480,401
-
-
-
480,401
84,756
480,401
(10,000)
499
2,664,501
3,220,157
-
-
-
628
457,107
457,735
84,756
480,401
(10,000)
1,127
3,121,608
3,677,892
At 1 April 2017
Balance at 31 March 2018
Total comprehensive income for the year
Current assets
Inventory
Share
capital
£’000
Balance at 31 March 2019

Current liabilities
Trade and other payables
16
(83,448)
(73,773)
Loans and borrowings
17
(117)
-
Provisions
18
(6,865)
(3,635)
(90,430)
(77,408)
Non-current liabilities
Other payables
16
(127)
(202)
Loans and borrowings
17
(3,371,196)
(3,377,499)
Deferred tax liabilities
9
(663,306)
(574,561)
Provisions
18
(33,144)
(36,028)
Derivative financial instruments
19
(4,647)
-
(4,072,420)
(3,988,290)
(4,162,850)
(4,065,698)
3,677,892
3,220,157
Total liabilities
Net assets
Capital and reserves
Share capital
21
84,756
84,756
Share premium
22
480,401
480,401
Merger reserve
23
(10,000)
(10,000)
Hedging reserve
24
1,127
499
Retained earnings
25
3,121,608
2,664,501
3,677,892
3,220,157
Total equity
The accompanying notes (1 to 33)
should be read in conjunction with these
financial statements.
The financial statements of Annington
Limited, registered number 08271384,
were approved by the Board of Directors
and authorised for issue on 16 August
2019.
Signed on behalf of the Board
of Directors
A P Chadd
Director

48 | Annington Limited Annual Report & Accounts 2019
Annington Limited Annual Report & Accounts 2019 | 49

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