Wholly owned properties and consolidated undertakings
 No. of
properties
held
 Book value  Market value  Contribution to Group profit
before tax period
to 30 September 2018
As at 30 September 2018
Poland 3 £78.93m £92.30m £1.96m
Romania 2 £4.21m £5.25m £0.08m
FOP (consolidated undertaking, all in Poland) 5 £63.91m £75.33m £2.19m
RPT/E&S (consolidated undertaking, all in Poland) 4 £5.39m £5.39m £0.01m
TOTAL 14 £152.44m £178.27m £4.24m

 


Non-controlling interests in funds 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
30 September 18
As at 30 September 2018
Associates
5th Property Trading Ltd (5PT) 37.8% £884,000 £988,000 £25,000
RPT/E&S £(9,000)
Fprop Romanian Supermarkets Ltd (FRS) 24.1% £393,000 £393,000 £275,000
Fprop Galeria Corso Ltd (FGC) 28.2% £2,040,000 £2,365,000 £168,000
Fprop Krakow Ltd (FKR) 18.1% £1,279,000 £1,765,000 £85,000
Fprop Phoenix Ltd (FPL) 23.4% £939,000 £10,556,000 £(59,000)
Fprop Cluj Ltd (FCL) 17.4% £458,000 £462,000 £(2,000)
Sub Total £5,993,000 £16,529,000 £483,000
Investments
UK Pension Property Portfolio LP (UK PPP) 0.9% £887,000 £887,000 £29,000
Fprop UK Special Opportunities LP (SPEC OPPS) 4.8% £773,000 £773,000 £20,000
Fprop Offices LP 1.6% £1,883,000 £1,883,000 £108,000
Sub Total £3,543,000 £3,543,000 £157,000
TOTAL £9,536,000 £20,072,000 £640,000

 

  • 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.