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| Date | 13 Apr 2022 |
| Time | 13:20:46 |
| Category | Results |
| ID | 3045I |
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 |
<63% |
41% |
|
Net debt per unit |
<£22,500 |
£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 |
<20% of turnover p.a. |
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 |