STATEMENT OF COMPREHENSIVE INCOME
As restated
For the year ended 31 March 2018
2018
2017
Note
£’000
£’000
Turnover
2
116,077
113,845
Operating expenditure*
2 (89,263) (89,341)
Operating Surplus
26,814
24,504
Gain on disposal of property, plant & equipment*
4
67
(30)
Interest receivable
21
23
Interest and financing costs
5 (16,127) (15,727)
Surplus before tax
8
10,775
8,770
Taxation
9 (27) (83)
Surplus for the year
Remeasurements - Actuarial Loss in respect of pension schemes 10,748
- 8,687
(239)
Total comprehensive income for the year 10,748 8,448
*Surpluses generated on the disposal of housing properties have been included within Opertaing Expenditure in the year ending 31 March 2018. Consequently, the
comparative figures for the year ending 31 March 2017 have been restated to ensure consistency in comparison.
The results for both years are wholly attributable to continuing activities.
The notes on pages 42 to 69 form part of these financial statements.
These financial statements were approved by the Board of Directors on 12 July 2018 and signed on its behalf by:
Elisabeth Buggins
Chair
38
Accord Housing Association
Dr Christopher Handy
Board Member
Stuart Fisher
Secretary