accord_fs_2020_JD_FINAL | Page 57

Financial Statements 2020 | 55
10b . Fixed Assets - Housing Properties
2020
2019
£ 000
£ 000
Expenditure on works to existing properties Components capitalised / improvements
4,889
4,633
Amounts charged to the statement of comprehensive income
14,184
11,626
19,073
16,259
Housing properties net book value Freehold land and buildings
875,735
839,244
Leasehold land and buildings
44,643
45,459
Total net book value
920,378
884,703
Finance Costs Aggregate amount of finance costs included in the cost of housing properties
23,381
21,401
To date this represents 2.30 % ( 2019 : 2.20 %) of total housing property fixed asset costs .
Social housing assistance Total accumulated social housing grant received or receivable at 31 March : Capital grant
310,464
302,047
Revenue grant
39,787
37,447
Total net book value
350,251
339,494
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 has identified no impairment losses .
Assets Pledged as Security Tangible fixed assets with a carrying value of £ 786,452k ( 2019 : £ 754,046k ) are pledged as security for the association ’ s loans .