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1994 Annual Report 31 December Annual General Meeting April Associated British Ports associated companies attributable to shareholders audit Auditors British Ports Holdings C W Orange Capital Waterside Cardiff Bay cash cent Chairman Companies Act 1985 Company.s December I994 Deferred taxation development and retention developments and ventures earnings per share Executive Share Option facilities final dividend Finance leases financial statements fixed assets Grosvenor Square Properties held for development historical cost I994 Annual increase interest and taxation investment properties land held liabilities Limited 100 Lord Crickhowell loss account Managing Director million tonnes non-executive director Port-related property income Ports and Transport PORTS HOLDINGS PLC Price Waterhouse profit and loss Profit before interest Property development Property investment provision Red Funnel retirement benefits sale of fixed Savings-Related Share Option Share Option Scheme Shares of 25p Sir Keith Stuart Southampton sq ft tangible operating assets tenninal throughput Total Transport Operations valuation Widewater