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Appendix C3 Tier 2 Annual Financial Return / continuedInformation RequirementDetails/Comments (to be completed by the AHB)Housing Leasing Commitments by Remaining Length of Lease (€)1 year2-5 years6-10 yearsThereafterOtherCurrent and former tenantarrears as % rent rollCurrent and former tenantarrears as % rent rollArrears PolicyManagement costs per unitMaintenance costs per unitOperating costs per unitAverage void turnaround -General needs units (days)Average void turnaround –Supported Housing Units (days)Void loss in year (€)After deducting provisions for bad debts on these arrears…… set out arrears provision policyxxxHousing Agency Regulation Office
Appendix C4Tier 2 Liquidity RatioCovenantsWhere an AHB has debt finance, it is critical that short-term and long-term viability are maintained. The Boards ofTier 2 AHBs who have development loan finance over a certain threshold 10 are required to regularly review theirfinancial position and to notify the Regulation Office if over a period key liquidity ratios are being breached.The key liquidity ratios and their recommended levels are as follows:Key Ratio How it is calculated Recommended Level What it indicatesCurrentRatioCurrent Assets (i.e. cash + debtors)divided by Current LiabilitiesAt least 1:1Readily availablefunds to meetcurrent liabilitiesCash fromOperationsNet Income adjusted for non-cash items.(i.e. net income+ depreciation– amortisation+ decrease in current assets+ increase in current liabilities– increase in current assets– decrease in current liabilities)At least a positive figure.Indicates goodbusiness managementInterestCoverSurplus before interest divided byinterest expenseAt least 1.5 timesIndicates how easily anorganisation can paythe interest expenseon outstanding debt10. Guideline threshold; If borrowings exceed €1.5M or loan financed stock exceeds ¼ of total stock, a full business plan and accompanying30 Year Financial Projections will be required.The Financial Standard and Assessment Frameworkxxxi
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The FinancialStandardThe Financial
Page 3 and 4:
Contents1. Introduction 52. Backgro
Page 5 and 6:
IntroductionThe landscape of the so
Page 7 and 8:
Background:The VoluntaryRegulation
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ImplementationPhase and TimelineThe
Page 11 and 12: ObjectivesThe overall purpose of th
Page 13 and 14: The Financial StandardViability Req
Page 15 and 16: What is Viability?Financial viabili
Page 17 and 18: 6.4 Financial Plans andSensitivity
Page 19 and 20: RisksAn AHB’s financial position
Page 21 and 22: Notifiable EventsAs stated previous
Page 23 and 24: Group Structuresand AncillaryHousin
Page 25 and 26: Our Assessment ProcessOnce an AHB h
Page 27 and 28: Assessment Reportsand AddressingIss
Page 29 and 30: Further Developmentsand ConclusionT
Page 31 and 32: Appendices
Page 33 and 34: Appendix AClassification Of AHBsTie
Page 35: Appendix BTier 3RequirementsAppendi
Page 38 and 39: Appendix B1 Tier 3 Information Requ
Page 40 and 41: Appendix B2 Tier 3 Consolidated Cod
Page 42 and 43: xHousing Agency Regulation Office
Page 44 and 45: Appendix B3 Tier 3 Annual Financial
Page 46 and 47: Appendix B3 Tier 3 Annual Financial
Page 48 and 49: xviHousing Agency Regulation Office
Page 50 and 51: xviiiHousing Agency Regulation Offi
Page 53 and 54: Appendix C1Tier 2 Liquidity RatioCo
Page 55 and 56: Appendix C2Tier 2 Consolidated Code
Page 57 and 58: Current CodeRequirementAdditionalFi
Page 59 and 60: Appendix C3Tier 2 AnnualFinancial R
Page 61: Information RequirementUndrawn comm
Page 65: Appendix DTier 1RequirementsAppendi
Page 68 and 69: Appendix D1 Tier 1 Information Requ
Page 70 and 71: Appendix D2 Tier 1 Consolidated Cod
Page 72 and 73: xlHousing Agency Regulation Office
Page 74: Glossary / continuedDesignated Rese
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