FIVE YEAR FINANCIAL REVIEW
  IFRS   UK GAAP
Years Ended 25th March: 2008 2007   2006 2005  2004
  £'000 £'000   £'000 £'000 £'000
PROFIT AND LOSS ACCOUNT          
 
Property Income 1,565 1,536   1,577 1,693 1,575
Profit before Revaluation and Disposal of
Investment Properties and Taxation
862 568   553 650 651
Net Income before Taxation 727 4,209   553 1,093 732
Net Income after Taxation 978 3,745   385 850 534
           
BALANCE SHEET          
Investment Properties 21,380 21,515   20,345 18,740 17,455
Equity Shareholders' Funds 17,363 16,671   13,637 11,900 10.620
           
PER SHARE          
Basic Earnings 31.0p 118.7p   12.2p 26.9p 16.9p
Dividends paid and proposed 9.45p 8.9p 8.3p 8.0p 7.6p
Net Asset Value - IFRS 550p 528p   418p 369p 331p
Net Asset Value - UK GAAP 572p 561p   432p 377p 337p
   
Note:

Equity Shareholders Funds and Net Asset Value per share shown above for the years 2004-2007 has been restated to reflect the change to IFRS from GAAP.

Equity Shareholders’ Funds and Net Asset Value per share shown above for the years 2004-2005 have been restated in accordance with the Provisions of FRS 21 in respect of dividend accounting.

 



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