Page 66 - Housing Solutions Annual Report
P. 66
9. Interest receivable and other income
Group Group Group Group
2020 2019 2020 2019
£’000 £’000 £’000 £’000
Intercompany interest receivable - - 51 -
Interest receivable 154 242 154 293
Gain/(Loss) on sale of fixed assets 154 242 205 293
10. Interest and financing costs
Group Group Group Group
2020 2019 2020 2019
£’000 £’000 £’000 £’000
Loans and bank overdrafts 13,897 14,079 5,426 5,692
Interest payable to Group companies - - 8,471 8,387
Interest payable capitalised on housing
properties under construction (1,409) (1,252) (1,409) (1,252)
Defined benefit pension charge 472 520 472 520
12,960 13,347 12,960 13,347
Capitalisation rate used to determine the
finance costs capitalised during the period 4.53% 4.29% 4.53% 4.29%
11. Tax on Surplus on Ordinary Activities
Group Group Association Association
2020 2019 2020 2019
£’000 £’000 £’000 £’000
Current Tax
UK corporation tax on surplus for the year - - - -
UK corporation tax on surplus for the year 1 - - -
Total current tax 1 - - -
Deferred Tax
Net origination and reversal of timing
differences - - - -
Total deferred tax - - - -
Total tax on results on ordinary activities 1 - - -
66 Annual Report and Accounts 2020
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16645.02 HS Annual Report 86pp A4 v10.indd 66
16645.02 HS Annual Report 86pp A4 v10.indd 66 10/11/2020 13:35
