Annual Report 2012 - Cadogan

NOTES ON THE FINANCIAL STATEMENTS 31 DECEMBER 2012
3 Movements in Provision For Diminution in Value
2012 2011
£000 £000
Write back of impairment losses on investment properties
3,919 15,960
The figures for 2012 include no amounts relating to the acquisition of
No.11 Cadogan Gardens.
4 Profit on sale of investment Properties
2012 2011
£000 £000
Profits on sales of freeholds and receipt of long lease premiums,
less directly related costs and expenses
17,293 17,155
The figures for 2012 include no amounts relating to the acquisition of
No.11 Cadogan Gardens.
5 interest Payable
2012 2011
£000 £000
Interest on bank loans and other borrowings not wholly repayable within five years
Interest on bank loans, overdrafts and other borrowings repayable within five years
Other interest
29,199 27,388
340 2,514
138 (238)
29,677 29,664
6 operating Profit
2012 2011
£000 £000
Operating profit is stated after charging:
Depreciation
Auditors’ remuneration:
Audit of the financial statements – includes £50,000 in respect of
the company (2011 – £48,000)
Other fees to auditors – tax services
– other services
Hire of plant and equipment
2,050 826
195 179
338 242
242 102
18 5
30