41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 195
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
193
OTHER INFORMATION
2021
Share of JVs
Note
Unite
£m
USAF
£m
LSAV
£m
Group on
EPRA basis
Total
£m
Operations segment result
2.2a
82.7
14.4
15.8
112.9
Add back amortisation of intangibles
3.3b
Operations
Total Operations
6.1
–
–
6.1
88.8
14.4
15.8
119.0
17.4
4.5
25.8
47.7
Property
Rental growth
Yield movement
49.2
12.7
44.6
106.5
Disposal losses (owned)
(12.0)
(0.3)
–
(12.3)
Investment property gains (owned)*
54.6
16.9
70.4
141.9
Investment property losses (leased)
3.1
(11.1)
–
–
(11.1)
Investment property gains (under development)
3.1
50.3
–
–
50.3
Pre-contract/other development costs
2.2a
Total Property
(2.2)
–
–
(2.2)
91.6
16.9
70.4
178.9
Unallocated
Shares issued
Investment in joint ventures
1.2
–
–
1.2
(118.6)
(17.7)
136.3
–
Dividends paid
(67.8)
–
–
(67.8)
LSAV performance fee
84.1
–
(42.2)
41.9
Swap cancellation FV settlements and debt break costs
Acquisition of intangibles
Other
Total Unallocated
Total EPRA NTA movement in the year
4.3
(4.2)
–
–
(4.2)
3.3b
(3.3)
–
–
(3.3)
0.7
(0.2)
(0.2)
0.3
(107.9)
(17.9)
93.9
(31.9)
72.5
13.4
180.1
266.0
Total EPRA NTA brought forward
2,441.9
417.8
406.5
3,266.2
Total EPRA NTA carried forward
2,514.4
431.2
586.6
3,532.2
*
Investment property gains (owned) includes gains on assets classified as held for sale in the IFRS balance sheet.
The £0.3 million other balance within the unallocated segment includes a tax credit of £2.8 million, the purchase of own
shares of (£1.3 million) and contributions to the Unite Foundation of (£1.0 million).
