Our financial targets
We need to make sure we have sufficient funds to deliver our new homes and continue investing in existing properties. We measure this through our operating surplus. Our target over the three years of our 2017-2020 plan is to achieve an operating surplus of 28%.
Target |
Status |
|
30% or above |
On track |
2019/20 target |
What we achieved |
| Achieve an operating surplus of 33% (excluding non-core activity) | 31.3% |
2018/19 target |
What we achieved |
| Achieve an operating surplus of 35% | 31.1% |
2017/18 target |
What we achieved |
|
Achieve an operating surplus of 28% |
31.8% |