Directly owned property
(including five properties held by FOP)
 No. of
properties
held
 Book value  Market value  Contribution to
Group profit
before tax period
 to 30 September 2017
As at 30 September 2017
Poland 3 £79.6m £92.5m £3.46m
Romania 2 £4.2m £5.5m £0.46m
FOP (All in Poland) 5 £62.5m £73.9m £1.90m
TOTAL 10 £146.3m £171.9m £5.82m

 


Non-controlling interests in funds and joint ventures managed by FPAM % owned by
Group
Book value
of Group’s
share in fund
Market value
of holdings
Group’s share
of pre-tax
profit earned
by fund to
31 March 17
As at 30 September 2017
Interest in associates
5th Property Trading Ltd (5PT) 37.8% £664,000 £1,151,000 £56,000
Regional Property Trading Ltd (RPT) 28.6% £218,000 £270,000 £27,000
Fprop Romanian Supermarkets Ltd (FRS) 24.1% £649,000 £803,000 £482,000
Fprop Galeria Corso Ltd (FGC) 28.2% £1,784,000 £1,987,000 £134,000
Fprop Krakow Ltd (FKR) 18.1% £1,160,000 £1,598,000 £41,000
Sub Total £4,475,000 £5,809,000 £740,000
Investments
UK Pension Property Portfolio LP (UK PPP) 0.9% £884,000 £884,000 £33,000
Fprop PDR LP 5.0% £13,000 £13,000
Fprop UK Special Opportunities LP (SPEC OPPS) 4.8% £760,000 £760,000
Fprop Offices LP 1.6% £908,000 £908,000
Other £693,000 £693,000
Sub Total £3,258,000 £3,258,000 £33,000
TOTAL £7,733,000 £9,067,000 £773,000

 

  • It is the accounting policy of the Group to carry its direct properties and interests in associates at the lower of cost or market value.
  • International Financial Reporting Standards (IFRS) requires the FX component to be marked to market resulting in variations in valuations between reporting periods.