Notes - Genesis Housing Association

Group income and expenditure accountYear ended 31 March 2013Note 2013 2013 2013 2012 2012 2012Groupexcludingjoint ventureactivitiesShare ofjoint ventureactivitiesGroupGroupexcludingjoint ventureactivitiesShare ofjoint ventureactivitiesGroup£m £m £m £m £m £mTurnoverContinuing operations 2,3 292.6 0.8 293.4 258.8 0.8 259.62 292.6 0.8 293.4 258.8 0.8 259.6Cost of sales 2 (59.3) - (59.3) (44.5) - (44.5)Gross surplus 233.3 0.8 234.1 214.3 0.8 215.1Impairment 2 2.2 - 2.2 1.8 - 1.8Other operating costs 2,3 (176.3) - (176.3) (168.1) (0.3) (168.4)Total operating costs (174.1) - (174.1) (166.3) (0.3) (166.6)Operating surplusContinuing operations 2 59.2 0.8 60.0 48.0 0.5 48.559.2 0.8 60.0 48.0 0.5 48.5Surplus on sale of properties:Continuing operations 7 33.0 - 33.0 21.3 - 21.3Net interest payable and similar charges 8d (48.7) - (48.7) (43.4) - (43.4)Surplus on ordinary activities before taxation 4 43.5 0.8 44.3 25.9 0.5 26.4Tax on surplus on ordinary activities 9 (0.9) - (0.9) - - -Surplus for the financial year 42.6 0.8 43.4 25.9 0.5 26.425