Quintain Estates & Development

Quintain Estates and Development plc Period End 31 March 2008

Quintain Estates and Development Annual Report 2008

Interim external revaluation results in a 5.8% drop in prior year profit
UK property investment company Quintain Estates and Development restates prior year figures after commissioning an interim external revaluation of its properties, which leads to a £3 million or 5.8% reduction in prior year profit before tax.

Quintain Estates and Development plc Period End 31 March 2007

Presentation of joint venture formation lacks clarity 
UK property investment company Quintain Estates and Development discloses £6.79 million gain on part-disposal of subsidiaries, representing 13.1% of profit before tax, but with no explanation in the audited accounts.

Quintain Estates and Development plc Period End 31 March 2006

Dual use assets excluded from discontinued operation
UK property company Quintain Estates and Development treats a £2.8 million loss on activities at Wembley Arena as a discontinued operation, but retains ownership of related assets.


Company anticipates IASB move on joint ventures
UK property company Quintain Estates and Development accounts for £120 million interest in joint ventures by the equity method and tells us that it expects the IASB to prohibit proportionate consolidation.