Our fixed assets increased by £65m
reflecting £50m investment in new
homes and £15m investments on
existing homes
This year we received £11.5m
social housing grant to support our
development programmes.
Consolidated balance sheet
Fixed assets
are what
we own –
including
properties
and office
equipment
2014/15
£m
2013/14
£m
728
695
43
47
Total assets less current
liabilities
771
742
Long term liabilities
681
675
90
67
771
742
Tangible fixed assets
Net current assets
Reserves
Money spent
on managing
and repairing
properties,
including
running costs
of office
and staff
Total interest
charged on
loans minus
the interest
they receive on
bank deposits
Includes money borrowed by AmicusHorizon to build homes.
One of the main ways we fund the building of new homes is by borrowing money.
Each year we pay around £31m in interest on long term borrowing.
A lot of work goes into financial planning to ensure this borrowing
is done sensibly and our debts are managed effectively.
AmicusHorizon Annual Review 2014/15
17