Group Financial Statements 2012 - Riverside

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Group income and expenditure account for the year ended 31 March 2012 Notes 2012 2011 £’000 £’000 Restated Turnover: Group and share of joint venture 272,537 257,277 Less: share of joint venture turnover (1,737) (497) ———— ———— Group turnover 2 270,800 256,780 Operating costs 2 (230,661) (213,883) ———— ———— Group operating surplus 2 40,139 42,897 Share of operating loss in joint ventures (93) (203) Surplus on sale of property 6 5,817 7,384 Exceptional items 31 10,777 — ———— ———— Surplus on ordinary activities before interest 9 56,640 50,078 Interest receivable and other income 7 3,067 2,357 Interest payable and similar charges 8 (37,609) (34,404) ———— ———— Surplus on ordinary activities before tax 22,098 18,031 Taxation 10 435 343 Share of joint venture taxation (6) (5) ———— ———— Surplus for the year 22,527 18,369 ———— ———— Income and expenditure account at 1 April 2011 206,815 108,936 Surplus for the year 22,527 18,369 Transfer to reserves 20 (16,951) (31,136) Transfer from reserves 20 10,278 27,852 Prior period adjustment 32 — 4,137 Actuarial (loss)/gain on pension scheme 20 & 26 (3,943) 8,373 Consolidation adjustment on amalgamation 20 — 367 Reclassification 32 — 69,917 ———— ———— Income and expenditure account at 31 March 2012 ———— 218,726 ———— 206,815 All of the above results derive from continuing operations. There is no material difference between the surplus on ordinary activities before tax and the surplus for the year as reported and their historical cost equivalent. The notes on pages 31 to 83 form an integral part of the financial statements. There are no historical cost surpluses or deficits other than those recognised within the income and expenditure account. 24
Group statement of total recognised surpluses and deficits for the year ended 31 March 2012 Notes 2012 2011 £’000 £’000 Restated Surplus for the financial year 22,527 18,369 Actuarial (loss)/gain on pension scheme 20 & 26 (3,943) 8,373 Consolidation on amalgamation 20 — 610 Revaluation of investments 20 (204) 1,037 Donations received 20 1,025 11 Prior period adjustment 20 — 4,137 ———— ———— Total recognised surplus relating to the year ———— 19,405 ———— 32,537 Group reconciliation of movement of funds for the year ended 31 March 2012 2012 2011 £’000 £’000 Total recognised surplus 19,405 32,537 Total funds at 1 April 2011 20 215,478 182,941 ———— ———— Total funds at 31 March 2012 20 ———— 234,883 ———— 215,478 The notes on pages 31 to 83 form an integral part of the financial statements. 25
Page 1 and 2: Financial Statements Year ended 31
Page 3 and 4: Highlights - five year summary 2 Th
Page 5 and 6: For the year ended 31 March 2012 20
Page 7 and 8: The key to delivering our high leve
Page 9 and 10: “Our Boards today follow traditio
Page 11 and 12: Operating and financial review The
Page 13 and 14: A fitter leaner Riverside Achieve b
Page 15 and 16: Capital structure and treasury poli
Page 17 and 18: More homes, fewer places The year h
Page 19 and 20: Report of the Board The Board is pl
Page 21 and 22: Corporate role of the Board The Boa
Page 23 and 24: — During the year there were no w
Page 25: Report of the independent auditors
Page 29 and 30: Group cash flow statement for the y
Page 31 and 32: Association statement of total reco
Page 33 and 34: Notes to the financial statements*
Page 35 and 36: Retirement benefits The Group opera
Page 37 and 38: First tranche shared ownership sale
Page 39 and 40: Charitable reserve This reserve rep
Page 41 and 42: 2 Turnover, operating costs and ope
Page 43 and 44: 3 Income and expenditure from socia
Page 45 and 46: 4 Directors’ and senior staff emo
Page 47 and 48: 6 Surplus on sale of property Group
Page 49 and 50: 9 Surplus on ordinary activities Gr
Page 51 and 52: 10 Tax on surplus on ordinary activ
Page 53 and 54: 11 Tangible fixed assets - continue
Page 55 and 56: 11 Tangible fixed assets - continue
Page 57 and 58: 12 Investments A. Fixed assets Name
Page 59 and 60: 12 Investments - continued B. Curre
Page 61 and 62: 14 Properties for sale Group 2012 2
Page 63 and 64: 16 Creditors: amounts falling due a
Page 65 and 66: 17 Debt analysis Group 2012 2011 £
Page 67 and 68: 18 Derivatives and financial instru
Page 69 and 70: 18 Derivatives and financial instru
Page 71 and 72: 21 Reconciliation of operating surp
Page 73 and 74: 25 Financial commitments At 31 Marc
Page 75 and 76: 26 Pension information - continued
Page 77 and 78:
26 Pension information - continued
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
27 Contingent liabilities As at 31
Page 85 and 86:
30 Related party transactions One B
Page 88:
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Group Financial Statements 2012 - Riverside

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