10c. Housing Properties
Group Group
Association Association
2016 2015
£000 £000
2016 2015
£000 £000
4,851
4,718
2,915
2,014
Amounts charged to the statement of comprehensive income
10,798
10,440
5,590
5,651
15,649 15,158
8,505
7,665
Group Group
Expenditure on works to existing properties
Components capitalised/improvements
Association Association
2016 2015
£000 £000
2016 2015
£000 £000
Completed housing properties book value, net of depreciation
Freehold land and buildings
Leasehold land and buildings
Total Net Book Value
774,260
762,280
447,283
438,420
40,951
40,951
30,214
30,214
815,211
803,231
477,497
468,634
Group Group
Association Association
2016 2015
£000 £000
2016 2015
£000 £000
Finance Costs
Aggregate amount of finance costs included in the cost of
housing properties
17,128
16,291
15,218
14,613
To date this represents 2.96% of total housing property fixed asset costs in respect of the Association and 2.03% for the Group.
Social housing assistance
Group
Group
Association
2016 2015
£000 £000
Association
2016 2015
£000 £000
Total accumulated social housing grant received or
receivable at 31 March
Capital grant
Revenue grant
Total Net Book Value
280,526
277,168
167,158
163,572
30,476
27,978
12,075
10,603
311,002
305,146
179,233
174,175
Impairment
The Group considers individual schemes to be separate Cash Generating Units (CGU’s) when assessing for impairment, in accordance
with the requirements of Financial Reporting 102 and SORP 2014. During the current year the Group and Association have identified no
impairment losses.
90
Accord Group