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|
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Extract from Balance Sheet
| INCOME & EXPENDITURE |
2003
£'000 |
2002
£'000 |
| |
| TURNOVER |
3,933,204 |
3,732,058 |
| Operating costs |
(2,317,069) |
(2,863,765) |
| |
| OPERATING SURPLUS |
1,616,135 |
868,293 |
| Exceptional surplus on sale of fixed assets |
809,517 |
-- |
| Interest receivable from bank accounts |
135,662 |
48,598 |
| Interest payable and similar charges |
(1,503,032) |
(1,395,991) |
| SURPLUS/(DEFICIT) FOR YEAR |
1,058,282 |
(479,100) |
| Transfer (to)/from restricted reserves |
(193,947) |
130,188 |
| Transfer (to)/from designated reserves |
90,003 |
123,933 |
| |
| SURPLUS/(DEFICIT) FOR THE YEAR |
| After transfers from reserves |
954,338 |
(224,979) |
| |
| General Reserve Brought Forward |
3,787,534 |
4,012,513 |
| |
| General Reserve Carried Forward |
£4,741,872 |
£3,787,534 |
| EXPENDITURE ON OUR HOMES |
 |
 |
A copy of the full set of accounts
is available on written request from:
The Company Secretary
Soho Housing Association
18 Hanway Street, London W1T 1UF
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