1、Derwent London plcRegistered office:25 Savile RowLondon W1S 2ERT 020 7659 3000F 020 7659 Registered No.1819699Derwent London plc Report&Accounts 2008Derwent London plc Report&Accounts 2008The paper used in this annual report is 100%chlorine free woodpulp from sustainable forests,using thinnings and
2、waste from the timber industry and is totally recyclable and biodegradable.Designed and produced by CDT Designwww.cdt-design.co.ukPrinted in England by Fulmar Colour PrintingDerwent London plc Report&Accounts 2008Derwent London is a real estate investment trust focused on Londons West End and other
3、emerging parts of the capital where future value has been identified.The boards objective is to deliver an above average annualised total return to shareholders by implementing its strategy of adding value to the groups properties through creative planning,innovative design and enterprising lease ma
4、nagement.Derwent London has developed a strong reputation for anticipating the locations of tomorrow,and contributing to Londons regeneration by creating quality working environments for its tenants.Derwent London03 2008 an overview04 Financial highlights05 Five-year record07 Chairmans statement10 D
5、irectors report24 Group income statement25 Balance sheets26 Statements of recognised income and expense27 Cash flow statements28 Notes to the financial statements64 Directors report(continued)74 Statement of directors responsibilities75 Directors76 Report on directors remuneration84 Report of the au
6、dit committee85 Report of the nominations committee86 Independent auditors report87 Five year summary88 Portfolio summary90 Principal properties92 Development pipeline94 Asset management95 List of definitions96 Financial calendar96 AdvisersCover Arup headquarters,Fitzroy Street,FitzroviaDerwent Lond