Report and Financial Statements Adactus Housing Group Limited

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Adactus Housing Group Limited 23Report and Financial statements for the year ended 31 March 2013Group income and expenditure account2013 2012Note £000 £000Turnover group and share of joint venture 56,916 52,656Less: share of joint venture's turnover (3,625) (2,506)Group turnover 3 53,291 50,150Cost of sales 3 (1,644) (1,026)Operating costs 3 (33,824) (32,713)Group operating surplus 3, 9 17,823 16,411Share of operating profit in joint venture 935 366Total operating surplus 18,758 16,777Surplus on sale of fixed assets 6 1,383 102Interest receivable and other income 7 130 171Share of joint venture interest receivable 1,307 1,244Interest payable and similar charges 8 (9,866) (8,610)Share of joint venture interest payable (1,692) (1,489)Surplus on ordinary activities before taxation 10,020 8,195Taxation on surplus/ (deficit) ordinary activities 12 36 (55)Share of joint venture taxation (130) (39)Surplus on ordinary activities after taxation 9,926 8,101Transfer from designated reserves 22 4 923Transfer from / (to) restricted reserves 22 6 (24)Surplus for the year after reserve transfers 9,936 9,000All amounts relate to continuing activities.The financial statements were approved by the Board on 16 th September 2013 and signed on its behalfby:A Cain P Lees B MoranChair Board member SecretaryThe accompanying notes form part of these financial statements.
Adactus Housing Group Limited 24Report and Financial statements for the year ended 31 March 2013Association income and expenditure account2013£000 £000 £0002012£000NoteTurnover 3 20,469 16,943Operating costsStaff costs (11,652) (8,667)Administration costs (8,833) (8,269)(20,485) (16,936)Total operating(deficit)/ surplus (16) 7(Deficit)/ Surplus onordinary activitiesbefore taxation (16) 7Taxation 12 27 (8)Surplus / (Deficit) forthe year 11 (1)All amounts relate to continuing activities.The financial statements were approved by the Board on 16 th September 2013 and signed on its behalfby:A Cain P Lees B MoranChair Board member SecretaryThe accompanying notes form part of these financial statements.
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Report and Financial Statements Adactus Housing Group Limited

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