10B. HOUSING PROPERTIES
Expenditure on works to existing properties
2017 2016
£’000
£’000
Components capitalised/improvements
3,602
4,851
Amounts charged to the statement of comprehensive income
10,918
10,798
14,520
15,649
Completed housing properties book value, net of depreciation
2017 2016
£’000
£’000
Freehold land and buildings
Leasehold land and buildings 763,501
39,428 733,309
40,951
Total Net Book Value 802,929 774,260
Finance costs
2017 2016
£’000
£’000
Aggregate amount of finance costs included in the cost of housing properties
To date this represents 2.11% (2016: 2.03%) of total housing property fixed asset costs.
18,545
17,128
Social housing assistance
2017 2016
£’000
£’000
Total accumulated social housing grant received or receivable at 31 March
Capital grant
283,961
280,526
Revenue grant
32,753
30,476
Total Net Book Value
316,714
311,002
Impairment
The Association considers individual schemes to be separate Cash Generating Units (CGU’s) when assessing for impairment,
in accordance with the requirements of FRS 102 and the Housing SORP 2014. During the current year the Association have
identified no impairment losses.
Financial Statements 2017
69