Annual Report and Financial Statements 2010/11 - Hanover
Annual Report and Financial Statements 2010/11 - Hanover
Annual Report and Financial Statements 2010/11 - Hanover
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Association<br />
20<strong>11</strong> <strong>2010</strong><br />
Note £’000 £’000<br />
Tangible fixed assets<br />
Housing properties – cost 10 667,025 636,051<br />
Less: Social Housing Grant 10 (297,163) (284,607)<br />
Less: Other public grants 10 (17,226) (14,707)<br />
Less: Depreciation 10 (81,576) (72,716)<br />
271,060 264,021<br />
Other fixed assets <strong>11</strong> 8,269 6,889<br />
279,329 270,910<br />
Long term investments 13 5,350 5,320<br />
Total fixed assets 284,679 276,230<br />
Current assets<br />
Properties for sale 14 2,491 4,858<br />
Debtors 15 10,963 7,805<br />
Investments 16 21,713 3,743<br />
Cash at bank <strong>and</strong> in h<strong>and</strong> 17 701 1,609<br />
35,868 18,015<br />
Creditors: amounts falling due within one year 18 (25,401) (25,715)<br />
Net current assets/(liabilities) 10,467 (7,700)<br />
Total assets less current liabilities 295,146 268,530<br />
Creditors: amounts falling due after more than one year 19/20 2<strong>11</strong>,075 195,725<br />
Provision for liabilities <strong>and</strong> charges 21 474 599<br />
Pension liability 33 9,<strong>11</strong>8 21,749<br />
Capital <strong>and</strong> reserves<br />
Share capital 22 - -<br />
Revenue reserves 23 72,051 48,122<br />
Restricted <strong>and</strong> designated reserves 24 2,018 1,947<br />
Investment revaluation reserve 25 410 388<br />
295,146 268,530<br />
The accompanying notes form part of these financial statements.<br />
These financial statements were approved by the Board on 21 July 20<strong>11</strong> <strong>and</strong> signed on its behalf by:<br />
Lord Richard Best OBE<br />
Chair – Board Member<br />
Robert Banner OBE<br />
Board Member<br />
Michael Fuller<br />
Company Secretary<br />
report <strong>and</strong> financial statements for the year ended 31 March 20<strong>11</strong> • PAGE 27
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