41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 182
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
CONSOLIDATED BALANCE SHEET
At 31 December 2022
Note
2022
£m
2021
£m
Investment property (owned)
3.1
3,623.4
3,095.1
Investment property (leased)
3.1
90.3
97.7
Investment property (under development)
3.1
202.7
324.1
Investment in joint ventures
3.4b
1,226.6
1,044.1
Other non-current assets
3.3b
21.5
18.9
Interest rate swaps
4.2
73.2
–
Right of use assets
3.3a
2.7
3.6
Deferred tax asset
2.5d
2.1
3.0
5,242.5
4,586.5
–
228.2
Assets
Total non-current assets
Assets classified as held for sale
3.1
Interest rate swaps
4.2
–
6.1
Inventories
3.2
12.8
12.1
Trade and other receivables
5.2
105.2
108.8
Cash and cash equivalents
5.1
38.0
109.4
156.0
464.6
5,398.5
5,051.1
–
(3.6)
Total current assets
Total assets
Liabilities
Interest rate swaps
4.2
Lease liabilities
Trade and other payables
4.6a
(4.8)
(4.9)
5.4
(191.5)
(200.7)
(0.8)
(0.1)
5.5
(29.5)
(33.5)
(226.6)
(242.8)
4.1
(1,265.9)
(1,162.0)
Current tax liability
Provisions
Total current liabilities
Borrowings
(87.5)
(91.9)
Total non-current liabilities
(1,353.4)
(1,253.9)
Total liabilities
(1,580.0)
(1,496.7)
3,818.5
3,554.4
Lease liabilities
4.6a
Net assets
Equity
Issued share capital
4.8
100.1
99.8
Share premium
4.8
2,162.0
2,161.2
Merger reserve
Retained earnings
Hedging reserve
Equity attributable to the owners of the Parent Company
Non-controlling interest
Total equity
40.2
40.2
1,483.6
1,225.0
6.2
1.6
3,792.1
3,527.8
26.4
26.6
3,818.5
3,554.4
The financial statements of The Unite Group PLC, registered number 03199160, were approved and authorised for issue
by the Board of Directors on 28 February 2023 and were signed on its behalf by:
R S Smith
Director
J J Lister
Director
