Group Financial Statements 2012 - Riverside

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11 Tangible fixed assets Group Social Non-social Total Social housing housing housing housing properties properties properties properties held for held for held for under letting letting letting construction £’000 £’000 £’000 £’000 Cost At 1 April 2011 restated 1,501,815 1,821 1,503,636 74,342 Schemes completed 70,398 — 70,398 (70,398) Additions 1,130 — 1,130 40,817 Improvements to existing properties 36,025 — 36,025 — Disposals (10,789) — (10,789) — Reclassification — — — — Received on acquisition 78,042 — 78,042 3,830 ———— ———— ———— ———— At 31 March 2012 ———— 1,676,621 ———— 1,821 ———— 1,678,442 ———— 48,591 Depreciation At 1 April 2011 restated 95,691 110 95,801 — Charge for the year 22,885 37 22,922 — Eliminated in respect of disposals (3,524) — (3,524) — Received on acquisition 6,837 — 6,837 — Impairment 1,999 — 1,999 — ———— ———— ———— ———— At 31 March 2012 ———— 123,888 ———— 147 ———— 124,035 ———— — ———— ———— ———— ———— Net book value (before SHG) at 31 March 2012 1,552,733 1,674 1,554,407 48,591 Net book value (before SHG) at 31 March 2011 – restated 1,406,124 1,711 1,407,835 74,342 ———— ———— ———— ———— Social Housing Grant At 1 April 2011 745,282 — 745,282 56,718 Receivable in the year (net) — — — 19,505 Schemes completed 38,229 — 38,229 (38,601) Disposals (5,022) — (5,022) — Received on acquisition 20,316 — 20,316 3,434 ———— ———— ———— ———— At 31 March 2012 798,805 — 798,805 41,056 ———— ———— ———— ———— at 31 March 2012 753,928 1,674 755,602 7,535 ———— ———— ———— ———— Net book value (after SHG) ———— 660,842 ———— 1,711 ———— 662,553 ———— 17,624 at 31 March 2011 – restated Net book value (after SHG) 50
11 Tangible fixed assets – continued Group Shared Fixtures Completed ownership Freehold vehicles shared properties and long and ownership under Total leasehold computer properties construction properties offices equipment Total £’000 £’000 £’000 £’000 £’000 £’000 Cost At 1 April 2011 restated 111,980 11,476 1,701,434 12,488 12,208 1,726,130 Schemes completed 10,024 (12,474) (2,450) — — (2,450) Additions 20 10,147 52,114 501 1,976 54,591 Improvements to existing properties — — 36,025 — — 36,025 Disposals (1,419) — (12,208) (1,137) (3,318) (16,663) Reclassification — — — (526) — (526) Received on acquisition — — 81,872 411 538 82,821 ———— ———— ———— ———— ———— ———— At 31 March 2012 ———— 120,605 ———— 9,149 ———— 1,856,787 ———— 11,737 ———— 11,404 ———— 1,879,928 Depreciation At 1 April 2011 restated 1,632 — 97,433 5,378 5,636 108,447 Charge for the year 449 — 23,371 615 1,808 25,794 Eliminated in respect of disposals — — (3,524) (864) (3,207) (7,595) Received on acquisition — — 6,837 191 256 7,284 Impairment — — 1,999 — — 1,999 ———— ———— ———— ———— ———— ———— At 31 March 2012 ———— 2,081 ———— — ———— 126,116 ———— 5,320 ———— 4,493 ———— 135,929 ———— ———— ———— ———— ———— ———— Net book value (before SHG) at 31 March 2012 118,524 9,149 1,730,671 6,417 6,911 1,743,999 Net book value (before SHG) at 31 March 2011 – restated 110,348 11,476 1,604,001 7,110 6,572 1,617,683 ———— ———— ———— ———— ———— ———— Social Housing Grant At 1 April 2011 34,757 4,386 841,143 — — 841,143 Receivable in the year (net) — 2,175 21,680 — — 21,680 Schemes completed 3,298 (3,125) (199) — — (199) Disposals (266) — (5,288) — — (5,288) Received on acquisition — — 23,750 — — 23,750 ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— Improvements to existing properties consists of £36.0m capitalised costs in addition to £19.7m non-capitalised improvements, which have been charged to the income and expenditure account. At 31 March 2012 37,789 3,436 881,086 — — 881,086 Net book value (after SHG) at 31 March 2012 80,735 5,713 849,585 6,417 6,911 862,913 Net book value (after SHG) at 31 March 2011 – restated 75,591 7,090 762,858 7,110 6,572 776,540 The net book value of tangible fixed assets includes £Nil (2011: £Nil) in respect of assets held under finance leases. 51
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 and 26: Report of the independent auditors
Page 27 and 28: Group statement of total recognised
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: 10 Tax on surplus on ordinary activ
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 83 and 84: 27 Contingent liabilities As at 31
Page 85 and 86: 30 Related party transactions One B
Page 88: Contact us www.riverside.org.uk ema

Group Financial Statements 2012 - Riverside

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