Five-Year Group Financial Profile

Notes:

1. Properties held for development have been reclassified to fixed assets and properties held for sale in accordance with the development plans. The comparatives have been restated accordingly. In arriving at net current assets, short-term borrowings have been excluded.
2. Earnings per share are calculated by reference to the weighted average number of shares in issue during the year. The comparatives have been restated to include the effects of the Company's rights issue in 2009.
3. In the calculation of return on shareholders' equity, the weighted average basis has been used.
4. Dividend cover is 3.6 times in 2007 if the special dividend is included.
5. In the calculation of interest cover, fair value gain/(loss) on investment properties/impairment is excluded. Interest includes net interest expense taken to the profit and loss account and interest capitalised under investment properties and properties held for sale.
6. In the calculation of the debt-equity ratio, debt includes borrowings net of cash and equity includes minority interests in subsidiary companies.
7. Wages and salaries include amounts capitalised under properties held for sale. In the calculation of pre-tax profit per employee, the share of results of associated companies and fair value gain/(loss) on investment properties/impairment are excluded.