Group Financial Statements 2012 - Riverside

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11 Tangible fixed assets – continued Association 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 1,501,670 1,821 1,503,491 75,140 Schemes completed 70,398 — 70,398 (70,398) Additions 1,131 — 1,131 40,817 Improvements to existing properties 36,025 — 36,025 — Disposals (10,789) — (10,789) — Reclassification — — — — ———— ———— ———— ———— At 31 March 2012 ———— 1,598,435 ———— 1,821 ———— 1,600,256 ———— 45,559 Depreciation At 1 April 2011 restated 95,690 110 95,800 — Charge for the year 22,886 37 22,923 — Eliminated in respect of disposals (3,524) — (3,524) — Impairment 1,999 — 1,999 — ———— ———— ———— ———— At 31 March 2012 ———— 117,051 ———— 147 ———— 117,198 ———— — ———— ———— ———— ———— Net book value (before SHG) at 31 March 2012 1,481,384 1,674 1,483,058 45,559 Net book value (before SHG) at 31 March 2011 – restated 1,405,980 1,711 1,407,691 75,140 ———— ———— ———— ———— Social Housing Grant At 1 April 2011 745,190 — 745,190 56,718 Receivable in the year (net) — — — 19,505 Schemes completed 38,229 — 38,229 (38,601) Disposals (5,022) — (5,022) — ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— At 31 March 2012 778,397 — 778,397 37,622 Net book value (after SHG) at 31 March 2012 702,987 1,674 704,661 7,937 Net book value (after SHG) at 31 March 2011 – restated 660,790 1,711 662,501 18,422 52
11 Tangible fixed assets – continued Association 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 1,702,087 11,962 12,055 1,726,104 Schemes completed 10,024 (12,474) (2,450) — — (2,450) Additions — 10,147 52,095 277 1,937 54,309 Improvements to existing properties — — 36,025 — — 36,025 Disposals (1,419) — (12,208) (1,137) (3,274) (16,619) Reclassification 20 — 20 — — 20 ———— ———— ———— ———— ———— ———— At 31 March 2012 ———— 120,605 ———— 9,149 ———— 1,775,569 ———— 11,102 ———— 10,718 ———— 1,797,389 Depreciation At 1 April 2011 restated 1,632 — 97,432 5,378 5,524 108,334 Charge for the year 451 — 23,374 615 1,754 25,743 Eliminated in respect of disposals — — (3,524) (864) (3,164) (7,552) Reclassification — — 1,999 — — 1,999 ———— ———— ———— ———— ———— ———— At 31 March 2012 ———— 2,083 ———— — ———— 119,281 ———— 5,129 ———— 4,114 ———— 128,524 ———— ———— ———— ———— ———— ———— Net book value (before SHG) at 31 March 2012 118,522 9,149 1,656,288 5,973 6,604 1,668,865 Net book value (before SHG) at 31 March 2011 – restated 110,348 11,476 1,604,655 6,584 6,531 1,617,770 ———— ———— ———— ———— ———— ———— Social Housing Grant At 1 April 2011 34,755 4,388 841,051 — — 841,051 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) ———— ———— ———— ———— ———— ———— At 31 March 2012 37,787 3,438 857,244 — — 857,244 ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— ———— Improvements to existing properties consists of £36.0m capitalised costs in addition to £17.8m non capitalised improvements, which have been charged to the income and expenditure account. In addition a further £5.4m has been included in the opening balance restated as a result of a prior period adjustment for Component Accounting. Net book value (after SHG) at 31 March 2012 80,735 5,711 799,044 5,973 6,604 811,621 Net book value (after SHG) at 31 March 2011 – restated 75,593 7,088 763,604 6,584 6,531 776,719 53
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 and 52: 10 Tax on surplus on ordinary activ
Page 53: 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
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Group Financial Statements 2012 - Riverside

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