Notes £’000 2006
£’000		 £’000 2005
restated*
£’000
Non-current assets          
Property, plant and equipment          
– Operating properties 10 8,090   9,000  
– Other property, plant and equipment 10 3,618   3,776  
Investment properties 11 139,461   159,568  
Financial assets 12 5,881   755  
Investments in joint ventures 12 20,464   –  
Investments in associates 12 673   1,165  
Trade and other receivables 14 1,468   1,420  
Deferred tax assets 17 5,619   4,387  
      185,274   180,071
           
Investment property – held for sale 11   5,299   –
           
Current assets          
Inventory - developments and trading properties 13 74,663   56,479  
Trade and other receivables 14 10,014   9,677  
Cash and short-term deposits   88,536   73,094  
      173,213   139,250
Total assets     363,786   319,321
           
Current liabilities          
Trade and other payables 15 (16,747)   (15,014)  
Financial liabilities 16 (15,515)   (6,204)  
      (32,262)   (21,218)
Non-current liabilities          
Financial liabilities 16 (87,419)   (98,632)  
Deferred tax liabilities 17 (11,637)   (10,434)  
Provisions 15 (1,055)   (1,529)  
      (100,111)   (110,595)
Total liabilities     (132,373)   (131,813)
Net assets     231,413   187,508
Equity          
Share capital 18   20,356   18,361
Share premium 19   108,850   87,635
Revaluation reserve 19   853   335
Other reserves 19   45,793   45,793
Retained earnings 19   55,561   35,384
Equity attributable to equity shareholders of the parent   231,413   187,508
           
Basic net assets per share 9   568p   510p
Diluted net assets per share 9   565p   507p
           
Approved and authorised for issue by the Board of Directors on 30th March 2007 and signed on its behalf by
           
M H Marx          
Director          
           
           
* Refer note 1(q).