Consolidated balance sheet Tangible fixed assets
Housing properties:  Cost or valuation 2,821.2         2,798.8
  Social housing grant (1,157.8)       (1,159.3)
  Depreciation (116.3) (93.5)
Total housing properties 12 1,547.1         1,546.0
Other tangible fixed assets 13 11.6 11.6
Homebuy investments  
Homebuy loans 3.6 3.7
Social housing grant (3.5) (3.6)
0.1 0.1
Investments  14 38.0 13.1
Investment in joint ventures
Share of gross assets 6.2 4.5
Share of gross liabilities (2.1) (1.1)
14 4.1 3.4
1,600.9         1,574.2
Current assets
Properties for sale 15 172.7 203.7
Debtors 16 43.4 27.5
Investments 17 0.3 0.3
Cash at bank and in hand 18 17.3 28.4
233.7 259.9
Creditors: Amounts falling due within one year 19 (84.6) (84.6)
Net current assets 149.1 175.3
Total assets less current liabilities 1,750.0         1,749.5
Creditors: Amounts falling due after more than one year 20 1,139.9         1,175.6
Provision for liabilities and charges 24 9.8 2.2
Net pension liability  9 3.2 3.8
1,152.9         1,181.6
Capital and reserves
Non-equity share capital 25 – –
Revaluation reserves 26 2.0 1.3
Revenue reserves 26 550.0 541.7
Designated reserves 26 44.6 24.4
Restricted reserve 26 0.5 0.5
Consolidated funds 26 597.1 567.9
1,750.0         1,749.5