STATEMENT OF COMPREHENSIVE INCOME
2017
2016
Note
£’000
£’000
Turnover
2
113,845
120,137
Operating expenditure
2 (90,382) (96,892)
Operating Surplus
23,463
23,245
Gain on disposal of property, plant & equipment
4
1,011
203
Interest receivable
23
35
Interest and financing costs
5 (15,727) (16,675)
Net gain on business combinations
-
362
Surplus before tax
8
8,770
7,170
Taxation
9 (83) (22)
Surplus for the year
Remeasurements - Actuarial Gain/(Loss) in respect of pension schemes 8,687
(239) 7,148
49
Total comprehensive income for the year 8,448 7,197
The results for both years are wholly attributable to continuing activities.
The notes on pages 57 to 84 form part of these financial statements.
These financial statements were approved by the Board of Directors on 20 July 2017 and signed on its behalf by:
E. Buggins
Chair
54
C. Handy
Board Member
Accord Housing Association
S. Fisher
Secretary