DJ Daejan Holdings PLC Final Results
The financial highlights for the year ended 31 March 2016 are as follows:
2016 2015
GBP000 GBP000
(Restated)
Investment property 2,009,361 1,855,230
Net rental and related
income from investment
property 68,189 58,935
Profit before taxation 173,242 277,539
Total equity 1,480,094 1,345,874
Equity shareholders' GBP90.82 GBP82.59
funds per share
Earnings per share GBP8.77 GBP13.95
The revaluation of the investment property portfolio at the year end has resulted in a net valuation surplus for the year of GBP117,947,000 (2015 – GBP229,722,000). The board has recommended a final dividend of 58p per share in respect of the year ended 31 March 2016 payable on 11 November 2016 to shareholders on the register on 14 October 2016. This will make a total dividend for the year of 93p (2015 – 88p).
Earnings per share is calculated by reference to profit on ordinary activities after taxation attributable to equity holders of the parent of GBP142,900,000 (2015 – GBP227,395,000) and 16,295,357 (2015 – 16,295,357) ordinary shares being the weighted average number of ordinary shares in issue during the year.
DAEJAN HOLDINGS PLC
CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2016
Year Year
ended ended
31 March 31 March
2016 2015
GBP000 GBP000
(Restated)
Gross rental income 117,733 112,847
Service charge income 20,464 16,129
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Total rental and related income
from investment property 138,197 128,976
Property operating expenses (70,008) (70,041)
—————————————— ——— ———–
Net rental and related income from
investment property 68,189 58,935
Profit on disposal of investment
property 11,725 12,036
Net valuation gains on investment
property 117,947 229,722
Administrative expenses (13,041) (11,821)
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Net operating profit before net
financing costs 184,820 288,872
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Fair value gains on derivative financial
instruments 788 137
Fair value (losses)/gains on current
investments (10) 7
Other financial income 336 286
Financial expenses (12,692) (11,763)
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Net financing costs (11,578) (11,333)
—————————————— ——— ———–
Profit before taxation 173,242 277,539
Income tax (30,237) (49,979)
—————————————— ——— ———–
Profit for the year 143,005 227,560
—————————————— ——— ———–
Attributable to:-
Equity holders of the parent 142,900 227,395
Minority interest 105 165
—————————————— ——— ———–
Profit for the year 143,005 227,560
—————————————— ——— ———–
Basic and diluted earnings per share GBP8.77 GBP13.95
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