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 2024 plan is to achieve an operating surplus of 30%.
Target |
Status |
|
30% or above |
On track |
2020/21 target |
What we achieved |
| 30% | 32.8% (subject to confirmation through an audit due in July 21) |
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% |