Group Financial Statements 2012 - Riverside

3
Income and expenditure from
social housing lettings – continued
Association
General Supported Shared Key worker 2012 2011
housing housing ownership housing Total Total
£’000 £’000 £’000 £’000 £’000 £’000
Turnover from lettings
Rent receivable net of
identifiable service charges 134,650 34,138 2,842 1,163 172,793 164,730
Income for support services 3,809 24,336 — — 28,145 27,024
Service charges receivable 4,204 23,754 — 303 28,261 26,563
———— ———— ———— ———— ———— ————
Net rental income 142,663 82,228 2,842 1,466 229,199 218,317
———— ———— ———— ———— ———— ————
Homes and communities agency
grants for major repairs 4 221 — — 225 800
Other revenue grants — — — — — 3,335
———— ———— ———— ———— ———— ————
Turnover from lettings 142,667 82,449 2,842 1,466 229,424 222,452
———— ———— ———— ———— ———— ————
Expenditure on lettings
Management (25,746) (12,671) (301) (104) (38,822) (43,134)
Services and support services (7,864) (45,251) — (261) (53,376) (52,380)
Routine maintenance (46,560) (7,662) (11) (103) (54,336) (50,474)
Major repairs expenditure (13,570) (5,880) (2) (8) (19,460) (28,184)
Bad debts (1,378) (480) (85) 5 (1,938) (1,410)
Depreciation of housing properties (19,767) (2,348) (451) (72) (22,638) (10,320)
Impairment of housing properties — (1,999) — — (1,999) —
———— ———— ———— ———— ———— ————
Operating costs on lettings (114,885) (76,291) (850) (543) (192,569) (185,902)
———— ———— ———— ———— ———— ————
Operating surplus
on social housing lettings 27,782 6,158 1,992 923 36,855 36,550
———— ———— ———— ———— ———— ————
Void loss (1,051) (2,175) — (90) (3,316) (3,232)
———— ———— ———— ———— ———— ————
2012 2011
£’000 £’000
Particulars of turnover from non-social housing lettings
Student accommodation 27 27
Market rent 3,880 3,157
———— ————
————
3,907
————
3,184
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