Financial Statements 2016 | Page 86

4. Surplus on disposal of property, plant and equipment Group Disposal proceeds Carrying value of fixed assets Incidental sale expenses Grant abated Amortised capital grant recycled Group Association Association 2016 2015 2016 2015 £000 £000 £000 £000 3,123 (2,529) (752) 542 (181) 2,313 (1,872) (246) 150 (89) 1,517 (1,204) (307) 177 (50) 1,337 (1,097) (114) 88 (58) 203 256 133 156 5. Interest and financing costs Group Group Association Association 2016 2015 2016 2015 £000 £000 £000 £000 Loans 16,506 15,432 Defined benefit pension charge 100 185 17 27 Other interest payable and similar charges 935 856 357 481 (866) (2,076) (633) (1,645) 16,675 14,397 10,965 9,570 11,224 10,707 Interest payable capitalised on housing properties under construction Interest was capitalised at an average rate of 4.28% (2015: 4.11%). 84 Accord Group