72 | Accord Housing Association
31 . Financial Assets and Liabilities
2020 |
2019 |
£ 000 |
£ 000 |
Financial assets that are debt instruments measured at amortised cost Other debtors |
17,134 |
14,772 |
Financial liabilities measured at amortised cost Bank overdraft |
230 |
1,424 |
Loans |
499,527 |
464,438 |
Trade and other creditors |
16,957 |
17,304 |
32 . Subsequent Events
The following events have taken place since the Balance Sheet date : -
The final deferred £ 25m tranche of the 2018 Private Placement arrangement along with a further tranche of £ 30m agreed in 2019 completed in June 2020 .
The outbreak of the Covid-19 pandemic is an in-year event reflected in the financial statements to 31 March 2020 . The pandemic has impacted on the operations of the Association and this is expected to continue into the 2020-21 financial year . From a financial perspective our core housing and care services have continued to be delivered throughout the restrictions and whilst the development programme has been impacted , this has only had a minimal impact . Management are satisfied that the Association is a going concern as detailed in note 1 .