Helical Bar plc and subsidiary undertakings at 31 March 2008

		Note		31.3.08 £000	31.3.07 £000
Non-current assets
Investment properties		14		306,778	316,025
Owner occupied property, plant and equipment		15		2,007	351
Available-for-sale investments		16		12,000	–
Investment in joint ventures		18		6,078	6,188
Goodwill		19		30	30
				326,893	322,594
Current assets
Land, developments and trading properties		20		182,508	110,815
Available-for-sale investments		16		12	912
Derivative financial instruments				–	345
Trade and other receivables		22		44,083	70,526
Cash and cash equivalents		23		17,090	3,389
				243,693	185,987
Total assets				570,586	508,581
Current liabilities
Trade payables and other payables		24		(66,374)	(64,203)
Tax liabilities				–	(3,909)
Borrowings		25		(50,238)	(31,560)
				(116,612)	(99,672)
Non-current liabilities
Borrowings		25		(172,362)	(105,847)
Derivative financial instruments				(925)	–
Deferred tax provision		10		(11,851)	(20,697)
Obligations under finance leases		27		(177)	(179)
				(185,315)	(126,723)
Total liabilities				(301,927)	(226,395)
Net assets				268,659	282,186
Equity
Called-up share capital		31		1,222	1,222
Share premium account		31		42,520	42,520
Revaluation reserve		31		57,072	79,664
Capital redemption reserve		31		7,478	7,478
Other reserves		31		291	291
Retained earnings		31		163,911	157,006
Investment in own shares		31		(3,992)	(5,995)
Equity attributable to equity holders of the parent				268,502	282,186
Minority interests				157	–
Total equity				268,659	282,186