10B. HOUSING PROPERTIES
Expenditure on works to existing properties
2018 2017
£’000
£’000
Components capitalised/improvements
3,527
3,602
Amounts charged to the Statement of Comprehensive Income
10,277
10,918
13,804
14,520
Completed housing properties book value, net of depreciation
2018 2017
£’000
£’000
Freehold land and buildings
798,611
763,501
Leasehold land and buildings
39,428
39,428
Total Net Book Value
838,039
802,929
Finance costs
2018 2017
£’000
£’000
Aggregate amount of finance costs included in the cost of housing properties
To date this represents 2.17% (2017: 2.11%) of total housing property fixed asset costs.
19,986
18,545
Social housing assistance
2018 2017
£’000
£’000
Total accumulated social housing grant received or receivable at 31 March
Capital grant
288,012
283,961
Revenue grant
34,907
32,753
Total Net Book Value
322,919
316,714
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 (2017: £NIL).
Financial Statements 2018
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