Financial Statements 2020 | 21
Operating Efficiency & Effectiveness
SOCIAL HOUSING COST PER UNIT
10.000
8.000
6.000
4.000
2019
2020
2.000
0
Our social housing cost per unit should be viewed in the context of the tenure mix within our property portfolio . Whilst we have seen a 3.7 % increase in cost per unit since last year our social housing cost per unit of £ 3,851 compares favourably against the peer group median of £ 3,892 . The increase in costs has predominantly been driven by the Board ’ s renewed focus on property standards and customer safety , with increased maintenance costs as a result of our capital reinvestment programme as well as additional resources expended to improve our void process which contributed to improved re-let times and rent loss .
REINVESTMENT %
10.0 %
8.0 %
6.0 %
2020
2019
4.0 %
2.0 %
0
Our reinvestment % reflects our co commitment to developing new homes whilst balancing the investment in existing homes and maintaining properties to a high standard . This measure has reduced slightly since last year reflecting the phasing of our development programme which spans more than one financial year . Return on capital employed demonstrates strong returns relative to our assets and is broadly in line with our peers .
RETURN ON CAPITAL EMPLOYED
5.0 %
4.0 %
3.0 %
2019
2020
2.0 %
1.0 %
0