4. SURPLUS ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT
operational
non-operational
2018 2017
2018 2017
£’000
£’000
£’000
£’000
D
isposal proceeds
4,546
4,135
149
379
Carrying value of fixed assets
(3,131)
(3,056)
(41)
(408)
Incidental sale expenses
(182)
(404)
(41)
(1)
Grant abated
34
621 - -
Amortised capital grant recycled
(373)
(255)
-
-
894
1,041
67
(30)
Operational disposals are sales of housing properties and are included within operating expenditure (Note 2).
Non-operational disposals are sales of all other property, plant and equipment.
5. INTEREST AND FINANCING COSTS
2018 2017
£’000
£’000
Loans
16,618
16,900
Defined benefit pension charge
132
430
Other interest payable and similar charges
818
(186)
Int. payable capitalised on housing properties under construction
(1,441)
(1,417)
16,127
15,727
Interest was capitalised at an average rate of 3.80% (2017: 4.02%).
50
Accord Housing Association