Financial Summary Information
East Midlands Housing Association Limited
The Annual Report Headline Information for the Year Ended 31 December 2005
|
|
2005 |
|
Restated 2004 |
|
|
Income and Expenditure |
£000's |
% |
£000's |
% |
|
|
|
|
|
|
|
INCOME |
|
|
|
|
|
Rents |
18,592 |
77 |
17,553 |
65 |
|
Service Charges |
1,698 |
7 |
1,626 |
6 |
|
Sales of Homes |
2,597 |
11 |
6,798 |
25 |
|
Support Services |
749 |
3 |
581 |
2 |
|
Charges to Other Associations |
324 |
1 |
246 |
1 |
|
Other |
119 |
0 |
101 |
0 |
|
|
24,079 |
|
26,905 |
|
|
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
|
Interest Payable |
6,166 |
27 |
5,428 |
23 |
|
Maintenance |
6,144 |
27 |
5,621 |
24 |
|
Housing management |
3,790 |
17 |
3,653 |
15 |
|
Services |
2,583 |
11 |
2,163 |
9 |
|
Cost of Properties Sold |
1,432 |
6 |
4,405 |
18 |
|
Voids & Bad Debts |
572 |
3 |
652 |
3 |
|
Property Depreciation |
1,203 |
5 |
1,143 |
5 |
|
Support Services |
699 |
3 |
523 |
2 |
|
Other |
149 |
1 |
300 |
1 |
|
|
22,738 |
|
23,888 |
|
|
|
|
|
|
|
|
SURPLUS FOR THE YEAR |
1,341 |
|
3,017 |
|
|
To invest in new and existing homes |
|
|
|
|
|
|
|
|
|
|
|
|
2005 |
|
2004 |
|
|
Balance Sheet |
£ Millions |
% |
£ Millions |
% |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
Cost of Homes |
283.8 |
98 |
257.1 |
98 |
|
Cost of Offices and Equipment |
1.9 |
1 |
2.1 |
1 |
|
Cash & Investments |
2.9 |
1 |
1.4 |
1 |
|
Money Owed to Us |
1.8 |
1 |
1.8 |
1 |
|
|
290.4 |
|
262.4 |
|
|
|
|
|
|
|
|
FUNDING |
|
|
|
|
|
Public Subsidy |
143.0 |
49 |
134.9 |
51 |
|
Loans |
104.4 |
36 |
89.2 |
34 |
|
Reserves |
32.8 |
11 |
30.2 |
12 |
|
Property Depreciation |
5.9 |
2 |
4.8 |
2 |
|
Money Owed by Us |
2.6 |
1 |
2.5 |
1 |
|
Pension Scheme |
1.7 |
1 |
0.8 |
0 |
|
|
290.4 |
|
262.4 |
|
|
|
|
|
|
|
|
Rent Arrears |
|
|
|
|
|
- General Needs |
5.20% |
|
|
|
|
- Supported Housing |
3.39% |
|
|
|
|
|
|
|
|
|
|
Rent collected as a percentage of rent receivable |
|
|
|
|
- General Needs |
98.63% |
|
|
|
|
- Supported Housing |
97.66% |
|
|
|