FINANCIAL PERFORMANCE
Recurring profit £41.2m (FY14: £47.1m);
Profit before tax of £50.0m (FY14: £81.1m), impacted by the £18.2m loss on re-acquisition of ERIL and a £7.0m adverse movement on derivatives;
Loan to value at 45.5% (FY14: 46.5%);
A final dividend of 2.11p per ordinary share (FY14: 1.89p), resulting in a total dividend for the year of 2.75p per ordinary share (FY14: 2.50p), an increase of 10%.