Page 80 - Housing Solutions Annual Report

24. Leasing commitments

The future minimum lease payments of leases are as set out below. Leases relate to motor vehicles and
office equipment.
The Association and Group’s future minimum operating lease payments are as follows:

2020 2019
£’000 £’000
Within one year 36 53
Between one and five years 50 74

86 127

25. Capital Commitments

2020 2019
£’000 £’000

Capital expenditure that has been contracted for but has not been provided
for in the financial statements 27,797 67,818

Capital expenditure that has been authorised by the Board but has not been
contracted for 6,917 2,470

Capital commitments will be funded through a combination of retained reserves, loans and grant.
26. Cash flow from operating activities

2020 2019
£,000 £,000

Surplus/(deficit) for the year from SOCI 3,665 3,261
Adjustments for non-cash items:
Depreciation of tangible fixed assets 6,705 5,704
Amortisation of intangible fixed assets 247 227

Proceeds from sale of tangible fixed assets 1,168 3,201
Movement in fair value of investment properties (2,200) -
Decrease / (increase) in valuation of housing properties 1,559 (2,366)
Decrease / (increase) in stock (1,526) (6,302)
Decrease / (increase) in trade and other debtors (657) 297
Decrease / (increase) in trade and other creditors (1,292) 2,648
Pension costs less contributions payable 529 403

Surplus / (Deficit) on sale of tangible fixed assets (372) 1,160
Adjustments for investing or financing activities:
Interest payable 12,960 13,347

Interest receivable (154) (242)

Net cash generated from operating activities 20,632 21,338

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