Group Financial Statements
31 March 2010
2
Contents
Board members, senior staff, auditors and bankers p3
Operating & financial review and Board report p4
Independent Auditors’ report to the
Members of East Thames Group Limited p22
Consolidated income and expenditure account p24
Consolidated statement of total
recognised surpluses and deficits p25
Consolidated balance sheet p26
Consolidated cash flow statement p27
Parent income and expenditure account p28
Parent balance sheet p29
Parent cash flow statement p30
Notes to the financial statements p31–63
3
Board members, senior staff, auditors and bankers
4
Operating & financial review and Board report
5
6
Report of the Board
7
8
Report of the Board
9
10
Report of the Board
11
80%
75%
70%
65%2007-08 2008-09 2009-10
East Thames resident satisfaction with overall service
76.4%74.9% 76.2%
12
Report of the Board
454035302520
2007-08 2008-09 2009-10
General needs re-let times (days)
23.4
33.8 33.027.4 27.6
East Homes G15 - top 25%
44.6
1.0%
0.8%
0.6%
0.4%2007-08 2008-09 2009-10
Percentage general needs void loss
0.79% 0.76%
0.44% 0.58%
East Homes G15 - top 25%
0.92%
0.71%
6%
5%
4%
3%2007-08 2008-09 2009-10
Percentage general needs current rent arrears
East Homes G15 - top 25%
4.7%
5.6%5.3%
4.7% 4.7%5.2%
13
98%
96%
94%
92%2007-08 2008-09 2009-10
Percentage homes meeting Decent Homes standard
94.1%
96.8% 96.4%
98.0%97.7%
East Homes G15 - top 25%
96.7%
2008-09 2009-10
Percentage of homes with gas certificate
99.6%
99.85%99.7%
East Homes G15 - top 25%
99.56%
100%
99.75%
99.50%
99.25%
99.0%
80%
75%
70%
65%2007-08 2008-09 2009-10
East Thames residents satisfied with our repairs and maintenance service
69.6% 70.8%74.0%
*2009-10 target: 80%
*
14
Report of the Board
15
16
Report of the Board
17
18
Report of the Board
19
20
Report of the Board
21
22
Independent Auditors’ report to the Members of East Thames Group Limited
23
24
Consolidated income and expenditure account
25
Consolidated statement of total recognised surpluses and deficits
26
Consolidated balance sheet
27
Consolidated cash flow statement
28
Parent income and expenditure account
29
Parent balance sheet
30
Parent cash flow statement
31
Notes to the financial statements
32
Notes to the financial statements
33
34
Notes to the financial statements
35
36
Notes to the financial statements
37
38
Notes to the financial statements
39
40
Notes to the financial statements
41
42
Notes to the financial statements
43
44
Notes to the financial statements
45
46
Notes to the financial statements
47
48
Notes to the financial statements
49
50
Notes to the financial statements
51
52
Notes to the financial statements
53
54
Notes to the financial statements
55
56
Notes to the financial statements
57
58
Notes to the financial statements
59
60
Notes to the financial statements
61
62
Notes to the financial statements
63
THAMES