Sign In
Last checked at 
13 Apr 2022 13:20
Beyond Housing 6months financial report 2021.22 (Draft and Unaudited)
Income & Expenditure
Actual Sept 2021 | Budget | Variance to budget | |
£m | £m | £m | |
Turnover | 38.636 | 38.274 | 0.362 |
Operating Costs | 29.101 | 28.831 | 0.270 |
Operating Surplus | 9.535 | 9.443 | 0.92 |
Net Interest Payable | 15.087 | 10.603 | 4.484 |
Disposal of Fixed Assets | (0.242) | 0.786 | 1.028 |
Net Deficit | (5.794) | (0.374) | 5.420 |
Balance Sheet
Actual Sept 2021 | Actual March 2021 | Movement | |
£m | £m | £m | |
Fixed Assets | 380.813 | 371.688 | 9.125 |
Current Assets | 57.340 | 35.583 | 21.757 |
Current Liabilities | 9.856 | 42.512 | 32.656 |
Net Current Assets | 47.484 | (6.929) | 54.413 |
Long term Labilities | 324.628 | 260.687 | 63.941 |
Capital & Reserves | 103.669 | 104.072 | 0.403 |
Treasury
Golden rule | Performance (as at Sept 2021) | |
EBITDA-MRI interest cover | 121% | 299% (all lenders) |
Asset cover ratio | 126.5% | 160% (all lenders) |
Net borrowing: Housing assets at cost | 41% | |
Net debt per unit | £12,896 | |
Cash and cash equivalents | To cover at least 21 months or requirements | more than 36 months |
Current ratio | >1.0 | 6.0 (cash high due to bond proceeds) |
Open market sales | 0% |
Lending
Lender - Sept 2021 | RCF | Fixed/drawn | Sub total | Undrawn | Total |
£ | £ | £ | £ | £ | |
Lloyds | 20,000,000 | 12,300,000 | 32,300,000 | 20,000,000 | 32,300,000 |
RBS | 30,000,000 | 28,300,000 | 58,300,000 | 30,000,000 | 58,300,000 |
Nationwide | 54,000,000 | 29,300,000 | 83,300,000 | 54,000,000 | 83,300,000 |
Bond (issued May 2021) | 0 | 165,000,000 | 165,000,000 | 85,000,000 | 250,000,000 |
Total | 104,000,000 | 234,900,000 | 338,900,000 | 189,000,000 | 423,900,000 |
Follow the stocks
