Notes to the Consolidated Financial Statements

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for the year to 31 December 2007

3. Revenue

An analysis of the Group’s revenue is as follows:

2007 2006
£m £m
Housing 3,947.5 2,716.6
Construction 609.3 550.6
Land sales 157.5 304.9
Consolidated revenue 4,714.3 3,572.1
Interest receivable 9.7 9.1
4,724.0 3,581.2

Housing revenue includes £180.9m (2006: £171.0m) in respect of the value of properties accepted in part exchange by the Group.