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Derwent London Accounts Summary
| Date of Accounts | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Standard | IFRS | IFRS | IFRS | IFRS | IFRS |
| Millions | Millions | Millions | Millions | Millions | |
| Income Statement | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
| Revenue | 265.90 | 248.80 | 241.30 | 268.60 | 230.30 |
| Operating Profit / Loss | -428.90 | -238.30 | 291.60 | -49.20 | 315.80 |
| Net Interest | -39.50 | -39.40 | -28.10 | -30.10 | -26.50 |
| Pre Tax Profit | -475.90 | -279.50 | 252.50 | -83.00 | 280.60 |
| Post Tax Profit | -476.40 | -280.50 | 253.80 | -81.40 | 278.10 |
| Profit for the Period | -476.40 | -280.50 | 253.80 | -81.40 | 278.10 |
| Equity Holders of Parent Company | -476.40 | -280.50 | 252.30 | -77.60 | 283.40 |
| Minority Interests | n/a | n/a | 1.50 | -3.80 | -5.30 |
| Continuing EPS | |||||
| Earnings per Share (Basic) | -424.25p | -249.84p | 224.99p | -69.34p | 253.82p |
| Earnings per Share (Diluted) | -424.25p | -249.84p | 224.44p | -69.34p | 253.11p |
| Earnings per Share (Adjusted) | 102.00p | 106.60p | 108.50p | 99.20p | 103.10p |
| Continuing and Discontinued EPS | |||||
| Earnings per Share (Basic) | -424.25p | -249.84p | 224.99p | -69.34p | 253.82p |
| Earnings per Share (Diluted) | -424.25p | -249.84p | 224.44p | -69.34p | 253.11p |
| Earnings per Share (Adjusted) | 102.00p | 106.60p | 108.50p | 99.20p | 103.10p |
| Dividend per Share | 79.50p | 78.50p | 76.50p | 74.45p | 72.45p |
| Millions | Millions | Millions | Millions | Millions | |
| Balance Sheet | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
| Non-Current Assets | |||||
| Intangible Assets | n/a | n/a | n/a | n/a | n/a |
| Property, Plant and Equipment | 49.90 | 54.30 | 54.00 | 50.20 | 50.20 |
| Investments | 35.80 | 43.90 | 51.10 | 0.90 | 1.30 |
| Investment Properties | 4,551.40 | 5,002.00 | 5,361.20 | 5,029.10 | 5,174.30 |
| Other Financial Assets | 2.90 | 5.00 | n/a | n/a | 0.00 |
| Other Non-Current Assets | 203.00 | 189.30 | 161.40 | 146.40 | 134.90 |
| Total Non-Current Assets | 4,843.00 | 5,294.50 | 5,627.70 | 5,226.60 | 5,360.70 |
| Current Assets | |||||
| Inventories | 68.90 | 41.70 | 32.60 | 12.90 | 40.70 |
| Trade and Other Receivables | 42.70 | 42.40 | 41.00 | 76.20 | 58.60 |
| Cash at Bank and in Hand | 73.00 | 76.60 | 105.50 | 50.70 | 54.50 |
| Current Asset Investments | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | 0.40 | n/a | n/a | n/a | n/a |
| Total Current Assets | 185.00 | 160.70 | 179.10 | 139.80 | 153.80 |
| Other Assets | n/a | 54.20 | 102.80 | 165.00 | 118.60 |
| Total Assets | 5,028.00 | 5,509.40 | 5,909.60 | 5,531.40 | 5,633.10 |
| Current Liabilities | |||||
| Borrowings | 103.30 | 20.20 | 63.50 | n/a | n/a |
| Other Current Liabilities | 148.10 | 149.00 | 147.10 | 107.80 | 113.70 |
| Total Current Liabilities | 251.40 | 169.20 | 210.60 | 107.80 | 113.70 |
| Net Current Assets | n/a | n/a | n/a | n/a | n/a |
| Non-Current Liabilities | |||||
| Borrowings | 1,267.40 | 1,263.90 | 1,256.50 | 1,099.80 | 1,036.10 |
| Provisions | 0.40 | 0.80 | 0.30 | 0.90 | 2.70 |
| Other Non-Current Liabilities | n/a | n/a | 0.40 | 7.80 | 3.70 |
| Total Non-Current Liabilities | 1,267.80 | 1,264.70 | 1,257.20 | 1,108.50 | 1,042.50 |
| Net Assets | 3,508.80 | 4,075.50 | 4,441.80 | 4,315.10 | 4,476.90 |
| Capital and Reserves | |||||
| Share Capital | 5.60 | 5.60 | 5.60 | 5.60 | 5.60 |
| Share Premium Account | 196.60 | 196.60 | 195.40 | 193.70 | 193.00 |
| Other Reserves | 939.30 | 941.90 | 941.10 | 939.40 | 936.20 |
| Retained Earnings | 2,367.30 | 2,931.40 | 3,299.70 | 3,124.50 | 3,286.40 |
| Shareholders Funds | 3,508.80 | 4,075.50 | 4,441.80 | 4,263.20 | 4,421.20 |
| Minority Interests / Other Equity | n/a | n/a | n/a | 51.90 | 55.70 |
| Total Equity | 3,508.80 | 4,075.50 | 4,441.80 | 4,315.10 | 4,476.90 |
| 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | |
| Operating Margin | -161.30% | -95.78% | 120.85% | -18.32% | 137.13% |
| Return on Capital Employed | n/a% | n/a% | n/a% | n/a% | n/a% |
| Dividend Cover | 1.28 | 1.36 | 1.42 | 1.33 | 1.42 |
| Dividend Yield | 3.40 | 3.30 | 2.20 | 2.40 | 1.80 |
| PE Ratio | 23.10 | 22.20 | 31.50 | 31.20 | 38.90 |
| PEG | n/a | 5.60 | 15.70 | n/a | 9.70 |
| Dividend per Share Growth | n/a% | -1.26% | -2.55% | -2.68% | -2.69% |
| Net Asset Value per Share | 3,124.74p | 3,629.41p | 3,955.62p | 3,842.79p | 3,986.88p |