Financial Statements
Strategic Report
Additional Information
Governance
Consolidated statement of comprehensive income for the year ended 31 March 2022
2022 £000
2021 £000
Notes
Income Revenue from properties Property expenses
46,543 (11,098)
3 4
43,331 (9,877)
Net property income
35,445
33,454
Expenses Administrative expenses
(5,755)
6
(5,388)
Total operating expenses
(5,755)
(5,388)
Operating profit before movement on investments
29,690
28,066
Investments Profit on disposal of investment properties Investment property valuation movements
42
13
868
13 129,801
12,861
Total profit on investments
129,843
13,729
Operating profit
159,533
41,795
Financing Interest received Interest paid
–
5
(8,502) (4,045)
8
(7,999)
Debt prepayment fees
18
–
Total finance costs
(12,547)
(7,994)
Profit before tax
146,986
33,801
–
Tax
9
–
Profit after tax
146,986
33,801
Other comprehensive income Revaluation of owner-occupied property
434
14
–
Total other comprehensive income for the year
434
–
Total comprehensive income for the year
147,420
33,801
Earnings per share Basic
27.0p 26.9p
11 11
6.2p 6.2p
Diluted
All items in the above statement derive from continuing operations. All of the profit and total comprehensive income 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 2022
117
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