Reinvestment

Importance: High View other "Corporate Foundation" indicators
31st Mar 2023

Reinvestment is lower than target due to fewer components capitalised on existing stock and less development spend on new properties compared to budget as the anticipated target amount of handovers  expected for the year has not been achieved, due to delays on schemes.  Please note that as part of the year end process the policy and level of capitalised repairs will be reviewed and agreed with external auditors to ensure capitalised repairs are maximised.

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