Group highlights: Four-year summary
2016 2015 2014 2013
£m £m £m £m
For the year ended 31 March
(restated)
Group Statement of Comprehensive Income
Turnover
Operating surplus
Interest payable and similar charges
Surplus for the financial year
120.137
23.245
16.675
7.170
113.155
18.314
14.397
39.160*
100.688
15.871
12.635
3.635
91.399
15.682
13.242
3.003
Housing assets at cost
Social housing and other capital grants
Net investment in new housing during year
Net current (liabilities)/assets
Total assets less current liabilities
Loans outstanding
Reserves
842.785
280.526
10.764
(6.216)
801.179
400.286
128.296
823.870
277.168
63.418
(8.303)
789.904
396.172
121.136
677.958
257.059
21.134
(2.199)
418.431
339.808
84.660
649.675
252.459
15.823
0.218
402.694
326.495
81.046
Corporate Performance
Surplus before interest as a percentage of turnover
Surplus before interest as a percentage of gross rents
Interest Cover
Gearing
EBITDA (£m)
EBITDA as a percentage of turnover
Average cost of finance
Group CEO pay as a percentage of turnover
Group CEO pay per employee
19.5%
33.9%
172.2%
47.1%
34.430
28.7%
4.28%
0.2%
£64
16.4%
33.0%
159.8%
47.7%
27.545
24.3%
4.11%
0.2%
£60
16.1%
29.5%
166.6%
49.6%
23.544
23.4%
4.01%
0.2%
£54
17.4%
30.1%
158.4%
49.7%
23.267
25.5%
4.48%
0.2%
£43
Consolidated Statement of Financial Position
* 2015 data includes a surplus of £4.201 million (restated) plus £34.959 million net gain on business combination identified in the acquisition accounting associated with
Heantun Housing Association and its subsidiaries joining the Group in July 2014.
56
Accord Group