Wholly owned properties and consolidated undertakings
 No. of
properties
held
 Book value  Market value  Contribution to Group profit
before tax period
to 30 Sept 2020
As at 30 September 2020
Poland (Offices) 2 £37.8m £43.9m £1.9m
Poland (Convenience retail) 4 £5.4m £6.1m £0.1m
Romania (Office and logistics) 2 £4.2m £6.8m £0.2m
TOTAL 8 £47.4m £56.8m £2.2m

 


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 post-tax
profits earned
by fund to
30 Sept 2020
As at 30 September 2020
Associates
5th Property Trading Ltd (5PT) 37.8% £1,200,000 £1,299,000 £72,000
Fprop Romanian Supermarkets Ltd (FRS) 24.1% £179,000 £269,000 £11,000
FOP 40.4% £10,866,000 £10,936,000 £627,000
Fprop Galeria Corso Ltd (FGC) 28.2% £2,445,000 £2,784,000 £99,000
Fprop Krakow Ltd (FKR) 18.1% £1,543,000 £1,986,000 £92,000
Fprop Cluj Ltd (FCL) 17.4% £560,000 £558,000 £41,000
Fprop Phoenix Ltd (FPL) 23.4% £1,690,000 £6,900,000 (£219,000)
Sub Total £18,483,000 £24,732,000 £723,000
 Investments
 UK Pension Property Portfolio LP (UK PPP)          0.9%  £656,000  £656,000  £14,000
 Fprop UK Special Opportunities LP (SPEC OPPS)  4.8%  £502,000  £502,000  £17,000
 Fprop Offices LP  1.6%  £2,002,000  £2,002,000  £42,000
Sub Total  £3,160,000 £3,160,000   £73,000
TOTAL £21,643,000 £27,892,000 796,000
  • 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.