41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 181
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
179
OTHER INFORMATION
CONSOLIDATED INCOME STATEMENT
For the year ended 31 December 2022
Note
2022
£m
2021
£m
Rental income
2.4
241.7
209.0
Other income
2.4
17.6
57.9
Total revenue
259.3
266.9
Cost of sales
(70.3)
(64.4)
(1.7)
(3.3)
Operating expenses
(31.0)
(36.3)
Results from operating activities before gains/(losses) on property
156.3
162.9
Loss on disposal of property
(15.6)
(12.0)
112.7
116.9
Expected credit losses
Net valuation gains/(losses) on property (owned and under development)
3.1
Net valuation losses on property (leased)
3.1
Profit before net financing gains/(costs) and share of joint venture profit
(9.3)
256.7
(34.2)
Loan interest and similar charges
4.3
(29.3)
Interest on lease liability
4.3
(8.1)
Mark to market changes on interest rate swaps
4.3
Swap cancellation fair value settlements and loan break costs
4.3
Finance gains/(costs)
Finance income
4.3
Net financing gains/(costs)
Share of joint venture profit
70.7
3.4b
(8.5)
10.9
–
(4.2)
33.3
(36.0)
0.2
33.5
Profit before tax
(11.1)
244.1
–
(36.0)
80.4
122.4
358.0
343.1
Current tax
2.5a
(0.7)
0.9
Deferred tax
2.5a
(0.9)
0.5
Profit for the year
356.4
344.5
355.1
342.4
Profit for the year attributable to
Owners of the Parent Company
Non-controlling interest
1.3
2.1
356.4
344.5
Earnings per share
Basic
2.2c
88.9p
85.9p
Diluted
2.2c
88.7p
85.7p
Note
2022
£m
2021
£m
356.4
344.5
–
16.2
–
(0.9)
All results are derived from continuing activities.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 December 2022
Profit for the year
Mark to market movements on hedging instruments
4.5a
Hedges reclassified to profit or loss
Share of joint venture mark to market movements on hedging instruments
3.4b
Other comprehensive income for the year
Total comprehensive income for the year
4.7
0.6
4.7
15.9
361.1
360.4
359.8
358.3
Attributable to
Owners of the parent company
Non-controlling interest
All other comprehensive income may be classified as profit and loss in the future.
There are no tax effects on items of other comprehensive income.
1.3
2.1
361.1
360.4
