Governance
Financial Statements
Additional Information
Strategic Report
Consolidated statement of comprehensive income for the year ended 31 March 2024
2024 £000
2023 £000
Notes
Income Revenue from properties
54,690 (16,799)
3 4
51,816 (15,566)
Property expenses
Net property income
37,891
36,250
Expenses Administrative expenses
(7,219)
6
(5,955)
Total operating expenses
(7,219)
(5,955)
Operating profit before movement on investments
30,672
30,295
Investments Revaluation of owner-occupied property Investment property valuation movements
223
14 13
(382)
(26,757) (110,433)
Total loss on investments
(26,534) (110,815)
Operating profit/(loss)
4,138
(80,520)
Financing Interest income Interest expense
604
8 8
24
(9,531)
(9,034)
Total finance costs
(8,927)
(9,010)
Loss before tax
(4,789)
(89,530)
–
Tax
9
–
Loss after tax
(4,789)
(89,530)
Other comprehensive income Revaluation of owner-occupied property
–
14
(434)
Total other comprehensive loss for the year
–
(434)
Total comprehensive loss for the year
(4,789)
(89,964)
Earnings per share Basic
(0.9)p (0.9)p
11 11
(16.5)p (16.5)p
Diluted
All items in the above statement derive from continuing operations. All of the loss and total comprehensive loss for the year is attributable to the equity holders of the Company. Notes 1 to 27 form part of these consolidated financial statements.
Picton Property Income Limited / Annual Report 2024
135
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