41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 183
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
181
OTHER INFORMATION
COMPANY BALANCE SHEET
At 31 December 2022
Note
2022
£m
2021
£m
3.5
2,397.0
2,143.5
Loans to Group undertakings
5.2
2,076.9
1,928.3
Interest rate swaps
4.2
73.2
–
4,547.1
4,071.8
–
6.0
Assets
Investments in subsidiaries
Total non-current assets
Interest rate swaps
4.2
Trade and other receivables
5.2
0.1
0.1
Cash and cash equivalents
0.7
0.2
Total current assets
0.8
6.3
4,547.9
4,078.1
Total assets
Current liabilities
Interest rate swaps
4.2
Amounts due to Group undertakings
5.4
Other payables
5.4
Total current liabilities
Borrowings
4.1
Interest rate swaps
4.2
Total non-current liabilities
–
(70.3)
(9.5)
(6.4)
(79.8)
(48.0)
(649.6)
(542.2)
Total liabilities
–
–
(649.6)
(729.4)
Net assets
(3.6)
(38.0)
(542.2)
(590.2)
3,818.5
3,487.9
Equity
Issued share capital
4.8
100.1
99.8
Share premium
4.8
2,162.0
2,161.2
40.2
40.2
1.3
1.5
Merger reserve
Hedging reserve
Retained earnings
1,514.9
1,185.2
Total equity
3,818.5
3,487.9
Total equity is wholly attributable to equity holders of Unite Group plc. The profit of Unite Group plc in 2022 was
£426.1 million (2021: £419.5m).
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
