Page 72 - Housing Solutions Annual Report
P. 72
Tangible Fixed Assets - Properties (continued)
The carrying value of housing properties that would have been included in the financial statements had
the assets been carried at historical cost less depreciation is as follows:
Group Group Group Group
2020 2019 2020 2019
£’000 £’000 £’000 £’000
Housing Properties at historical Cost 430,007 390,127 430,007 390,127
Depreciation and Impairment (53,131) (58,897) (53,131) (58,897)
376,876 331,230 376,876 331,230
Expenditure on works to existing properties
Group Group Group Group
2020 2019 2020 2019
£’000 £’000 £’000 £’000
Components capitalised 2,157 3,148 2,157 3,148
Amounts charged to income and expenditure 7,143 6,415 7,143 6,415
9,300 9,563 9,300 9,563
Interest capitalisation
Group Group Group Group
2020 2019 2020 2019
£’000 £’000 £’000 £’000
Interest capitalised in the year 1,409 1,252 1,409 1,252
Cumulative interest capitalised 16,627 15,375 16,627 15,375
18,036 16,627 18,036 16,627
Rate used for capitalisation 4.53% 4.29% 4.53% 4.29%
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16645.02 HS Annual Report 86pp A4 v10.indd 72
