Group Financial Statements 2012 - Riverside
Group Financial Statements 2012 - Riverside
Group Financial Statements 2012 - Riverside
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13<br />
Debtors<br />
<strong>Group</strong><br />
<strong>2012</strong> 2011<br />
£’000 £’000<br />
———— ————<br />
Amounts falling due after more than one year: 22,861 39,217<br />
Amounts falling due within one year:<br />
Gross rent arrears 10,827 12,478<br />
Less: bad debt provision (2,683) (3,078)<br />
———— ————<br />
Net rental debtors 8,144 9,400<br />
Social Housing Grant receivable 7,068 9,512<br />
Other debtors 83,164 72,835<br />
Prepayments and accrued income 4,596 5,176<br />
Corporation tax 1,317 1,312<br />
Amount due from joint venture 39 56<br />
———— ————<br />
————<br />
104,328<br />
————<br />
98,291<br />
Included in debtors due after more than one year is £22.9m (2011: £39.0m) representing the obligation of the local<br />
authorities that transferred stock to the <strong>Group</strong> to have improvement work carried out to the properties. The <strong>Group</strong> is<br />
contracted by the local authorities to carry out these improvement works on their behalf.<br />
Association<br />
<strong>2012</strong> 2011<br />
£’000 £’000<br />
Amounts falling due in more than one year:<br />
Improvement programmes 22,861 38,999<br />
Intra group debtors 25,906 16,517<br />
———— ————<br />
48,767 55,516<br />
———— ————<br />
Amounts falling due within one year:<br />
Gross rent arrears 10,655 12,478<br />
Less: bad debt provision (2,566) (3,078)<br />
———— ————<br />
Net rental debtors 8,089 9,400<br />
Due from subsidiary undertakings — 673<br />
Social Housing Grant receivable 7,068 9,202<br />
Other debtors 79,591 73,435<br />
Prepayments and accrued income 4,473 5,117<br />
———— ————<br />
————<br />
99,221<br />
————<br />
97,827<br />
58
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