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|||||Pages|
|---|---|---|---|---|
|Chair's report|||||
|Chief Executive Officer's annual||report|||
|Report ofthe directors|(incorporating||Strategic Report)|3-14|
|Auditor's
report||||15-17|
|Statements
ofcomprehensive||income||18|
|Statements
offinancial|position|||19|
|Statements
ofchanges|in reserves|||20|
|Statement ofcash flows||||21|
|Notes to the financial statements||||22-38|
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|Metrics specified by the regulator:|||||||||Sector|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021-22|2020-21|2019-20|2020-22|
|1 Reinvestment%||||||||||
|Investment
in housing properties
in the year as|||a|||||||
|percentage ofthe gross book value at|the year|end||||2.8%|0.8%|0.5%|4,6%|
|2A New supply delivered
(social housing
units)||||||||||
|The number ofsocial housing
units acquired or|||developed|||||||
|in the year as a proportion
oftotal social housing||||units||||||
|owned at the year end||||||07%|Nil|NII|7.0%|
|2B New supply delivered
(non-social|housing|units)||||Nil|Nil|Nil|Nil|
|3 Gearing%||||||||||
|Net debt (loans
—cash) as a percentage|ofthe gross value|||||||||
|of housing
properties||||||-7.0%|-8.5%|-12.6%|9.1%|
|4
Earnings before interest, tax, depreciation,|||and|||||||
|amortisation
(EBITDA, major repairs|included)||interest|||||||
|cover%||||||||||
|The level ofsurplus generated
compared to interest||||||||||
|payable||||||359%|3,8859o|3,788%|427%|
|5
Headline
social housing cost per unit||||||f13,052|f12,729|f13,214|f24,950|
|6A Operating
margin (social housing|lettings only)||||%|0.99o|2.3%|-4.7%|7.5%o|
|6B Operating
margin (overall) %||||||-0.7%o|27 9%|7.3%|4.4%|
|7
Return on capital employed%||||||-0.4%|11.1%|10.5%|3.2%|
|Other YMCA Norfolk value for money|targets:||||Target|||||
|8
Occupancy ofowned and leased properties||||||||||
||||||95.0%|94.6%|92.2%|94.3%|94.9%|
|9
EBITDA %o||||||||||
|The level of surplus generated
as a percentage||of||||||||
|turnover|||||100%|3A%|30.0%|9.6%|4.7%|
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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|||Notes|E|E|E||
|Turnover||2, 4|4,534,371|5,369,751|4,109,468|5,158,483|
|Other operating
income|||11,798|123,639|11,798|123,639|
|Operating
expenditure|||(4,591,998)|(4,031,574)|(4,259,223)|(3,805,016)|
|Operating
surplus/(deficit)|||(45,829)|1,461,816|(137,957)|1,477,106|
|Interest receivable|||887|2,165|8&7|2,161|
|Interest and financing|costs||(43,204)|(14,364)|(43,204)|(14,364)|
|Surplus/(deficit)
for|the year||(88,146)|1,449,617|(180,274)|1,464,903|
|Net gain/(loss)
in respect of pension schemes||||(89,065)||(89,065)|
|Total comprehensive|income for the year||(88,146)|1,360,552|(180,274)|1,375,838|
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|||||||||||||Group|Group||Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2022|2021||2022|2021|
||||||||||||Notes|E|E||E|E|
|Fixed Assets|||||||||||||||||
|Tangible||fixed assets|||||||||11,14|11,716,156|11,617,935||11,715,497|11,617,935|
|Investments|||||||||||15|1|1||245,853|245,853|
|Goodwill|||||||||||16|70,124|105,185||||
|||||||||||||11,786,281|11,723,121||11,961,350|11,863,788|
|Current
Assets|||||||||||||||||
|Stock||||||||||||21,096|7,541||19,971|6,598|
|Trade and|||other||debtors||||||17|432,326|336,457||343,331|306,735|
|Cash and||cash equivalents||||||||||1,768,266|1,924,316||1,551,755|1,810,351|
|||||||||||||2,221,688|2,268,314||1,915,057|2,123,684|
|Creditors:|||||||||||||||||
|Amounts||falling|||due|within||one year||||(1,176,848)|(861,315)||(1,116,085)|(836,023)|
|Net Current|Assets|||||||||||1,044,840|1,406,999||798,972|1,287,661|
|Total assets|less|||current||liabilities||||||12,&31,121|13,130,120||12,760,322|13,151,449|
|Creditors:|||||||||||||||||
|Amounts||falling|||due|after||one|year||19|(6,882,846)|(7,093,699)||(6,882,846)|(7,093,699)|
|Total net assets||||||||||||5,948,275|6,036,421||5,877,476|6,057,750|
|Reserves|||||||||||||||||
|Income and||||expenditure|||reserve|||||5,948,275|5,886,421||5,&77,476|5,907,750|
|Restricted|||reserves||||||||||150,000|||150,000|
|Total Reserves||||||||||||5,948,275|6,036,421||5,&77,476|6,057,750|
|nancial|statements|||||ere||approved||bythe|board on 26 September
2022||andhave
been signed|by;|||
|PG Macdonald|||||||||1Currey||||||||
|Chairman|||||||||Treasurer||||||||
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||||Income and|||
|---|---|---|---|---|---|
||||expenditure|Restricted||
||||reserve|reserve|Total|
||||6|E|E|
|GROUP||||||
|Balance at 31March|2020||4,510,817|165,052|4,675,869|
|Total comprehensive|income for the year||16,241|1,344,311|1,360,552|
|Release of restricted|capital funds spent|in the year|1,359,363|(1,359,363)||
|Balance at 31March|2021||5,886,421|150,000|6,036,421|
|Total comprehensive|income for the year||(93,146)|5,000|(88,146)|
|Release of restricted|capital funds spent|in the year|155,000|(155,000}||
|Balance at 31March|2022||5,948,275||5,948,275|
|CHARITY||||||
|Balance at 31March|2020||4,516,860|165,052|4,681,912|
|Total comprehensive|income for the year||31,527|1,344,311|1,375,838|
|Release of restricted|capital funds spent|in the year|1,359,363|(1,359,363)||
|Balance at 31March|2021||5,907,750|150,000|6,057,750|
|Total comprehensive|income for the year||(185,274)|5,000|(180,274)|
|Release of restricted|capital funds spent|in the year|155,000|(155,000)||
|Balance at 31March|2022||5,877,476||5,877,476|
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||6||
|Net cash (consumed
in) /|generated|from operating|||activities (as below)|308,836|1,444,770|
|Cash flow from investing|activitites|||||||
|Purchase oftangible
fixed assets||||||(395,256)|(1,853,433]|
|Interest received||||||887|2,165|
|Cash flow from financing|activitites|||||||
|Loans advanced|||||||994,000|
|Interest
paid||||||(36,919)|(7,888)|
|Repayment
of borrowings||||||(33r598)|(3,321)|
|Net change in cash and cash equivalents||||||(156,050)|576,293|
|Cash and cash equivalents|at beginning||of|the year||1,924,316|1,348,023|
|Cash and cash equivalents|at end of|the|year|||1,768,266|1,924,316|
|Net cash flow generated
from operating|||activities||is calculated as:|||
|Operating
surplus/(deficit)|for the year|||||(45,829)|1,461,816|
|Adjustment
for non-cash|items:|||||||
|Depreciation
oftangible
fixed assets||||||284,175|201,174|
|Amortisation
of goodwill||||||35,061|35,061|
|Deferral of capital grants|||||||200,000|
|Release of deferred
capital grants||||||(97,1&9)|(89,211)|
|Donation
in kind|||||||(550,000)|
|Adjustment
to pension|liability on|change of discount rate||||(29,769)|6,588|
|(Increase) / decrease|in stocks|||||(13,555)|707|
|(Increase) / decrease|in trade and|other||debtors||(95,868)|211,059|
|Increase / (decrease)|in trade and|other||creditors||258,951|(69,916)|
|Net (gain) / loss on disposal oftangible||||fixed assets||12,859|37,492|
|Net cash generated
from|operating
activities|||||308,836|1,444,770|
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|||||||Group and|Charity|
|---|---|---|---|---|---|---|---|
|Social housing
income generated||by|accommodation|and||2022|2021|
|other housing support||||||E|E|
|Rent receivable excluding|voids|||||1,969,815|2,053,667|
|Accommodation
charges|re supported||lodgings|||139,139|173,157|
|Revenue
grants||||||352,049|404,127|
|Release of deferred grant|income|(see|note 21)|||93,401|89,211|
|Other housing
income||||||197,986|185,290|
|Total housing
income before interest|||receivable|||2,752,390|2,905,452|
|||||Regulated|Non-|||
|||||Social Housing|Regulated|2022|2021|
||||||E|E||
|GROUP||||||||
|Turnover||||2,752,390|1,781,981|4,534,371|5,369,751|
|Other operating
income|||||11,798|11,798|123,639|
|Operating
expenditure||||(2,740,947)|(1,851,051)|(4,591,998)|(4,031,574)|
|Operating
surplus / (deficit)||||11,443|(57,272)|(45,829)|1,461,816|
|Interest and investment|income||||887|887|2,165|
|Interest payable||||(8,577)|(34,627)|(43,204)|(14,364)|
|Surplus / (deficit) for|the year|||2,866|(91,012)|(88,146)|1,449,617|
|Rent losses from voids||||||113,205|173,809|
|CHARITY||||||||
|Turnover||||2,752,390|1,357,078|4,109,468|5,158,483|
|Other operating
income|||||11,798|11,798|123,639|
|Operating
expenditure||||(2,740,947)|(1,518,276)|(4,259,223)|(3,805,016)|
|Operating
surplus / (deficit)||||11,443|(149,400)|(137,957)|1,477,106|
|Interest and investment|income||||887|887|2,161|
|Interest payable||||(8,577)|(34,627)|(43,204)|(14,364)|
|Surplus/
(deficit) for|the year|||2,866|(183,140)|(180,274)|1,464,903|
|Rent losses from voids||||||113,205|173,809|
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|The stock of social housing
accommodation
owned and managed|The stock of social housing
accommodation
owned and managed|The stock of social housing
accommodation
owned and managed|by YMCA Norfolk as a Registered|Social||
|---|---|---|---|---|---|
|Landlord at the beginning
and end of the year was as||follows;||||
|||||2022|2021|
|||||Number|Number|
|Supported
housing
and lodgings:
Owned|and managed|||142|141|
|Managed||but not owned||68|85|
|||||210|226|
|NON-REGULATED
GRANT INCOME||||Group and|Charity|
|||||2022|2021|
|||||E|E|
|Turnover
includes
the following
grants
partly funding||specific activities:||||
|Big Lottery Fund and European
Social Fund, for On Track||||98,498|101,808|
|Anguish's
Educational
Foundation,
for Life Ready Norwich||||92,295|24,709|
|Children
in Need, for Life Ready Great Yarmouth||||59,419||
|West Norfolk Clinical Commissioning
Group, for SOS|Bus|||40,175|16,296|
|Norfolk Museums
Service, for Kick the Dust||||29,548|22,918|
|Catton Grove Big Local, for youth clubs||||14,426||
|Norwich
City Council Grant, for Stepping Stones cafe||||12,000|15,343|
|Active Norfolk, for various
youth activities||||11,709|17,250|
|Douglas Wood Charity, for Life Ready Great Yarmouth||Gardening|Project|10,563||
|One YMCA, Airplay project||||10,514||
|Lord Cozens-Hardy
Trust (forthe establishment
of YMCA Aylsham|||Road)|5,000|5,000|
|Youth Investment
Fund, for Youth-West
Partnership|||||173,772|
|Oak Grove Community
Church, for youth clubs|||||5,500|
|Homeless
Link|||||45,354|
|Norwich
City Council Grant, for Pathways
bedspace accomodation|||||20,000|
|National
Lottery Community
Covid-19, for On Line Delivery|||||10,000|
##
|5.|OPERATING 5URPLUS|||||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021|
|||||||E|E|E|E|
||The operating
surplus
is stated after||charging|/(crediting):||||||
||Depreciation
on housing
properties|||||143,798|141,810|143,798|141,810|
||Depreciation
on other tangible fixed||assets|||140,378|59,364|140,298|59,364|
||(Gain) / loss on disposals
of tangible||fixed assets|||12,859|37,492|12,859|37,492|
||Operating
lease agreements|||||107,932|138,554|107,932|138,554|
||Rent losses from bad debts|||||15,285|21,996|15,285|21,996|
||Other bad debts||||||901|||
||Auditor's
remuneration
(including|irrecoverable||VAT):||||||
||audit fees|||||10,&46|10,562|8,526|8,244|
||non-audit
fees|||||100|201|||
|6.|INTEREST RECEIVABLE AND OTHER||INCOME|||||Group and Charity||
|||||||||2022|2021|
|||||||||E|E|
||Interest receivable
from deposits|||||||887|2,162|
|7.|INTEREST PAYABLE AND FINANCING
COSTS|||||||||
||On loans wholly or partly repayable||in more than five years|||||36,919|7,650|
||Interest on liability for pension deficit recovery|||payments|(note|23)||6,285|6,714|
|||||||||43,204|14,364|
##
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##
|The remuneration
paid to the|The remuneration
paid to the|CEO is set out below:|||Group and|Charity|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|CEO gross salary|||||60,956|58,243|
|CEO benefits-in-kind|||||105|1,116|
|CEO employer|pension contributions||||3,098|6,437|
|Total|||||64,159|65,796|
|The aggregate|remuneration|for the four (2020-21.four) key management|personnel|(including|the CEO)||
|charged
in the|year was:||||||
|Gross salaries|||||190,192|172,501|
|Pension contributions|||||18,462|17,253|
##
|EMPLOYEE|COSTS|||Group||Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||E|E|E|E|
|Wages and|salaries|||2,185,898|1,915,796|2,131,521|1,867,989|
|Social security costs||||160,047|146,995|155,110|142,494|
|Pension costs: current employees||||161,522|155,317|156,638|150,5D6|
|||||2,507,467|2,218,108|2,443,269|2,160,989|
|The average|number of employees|expressed|as full time|||||
|equivalents|(based on 37.5 hours|per week)|was|91|78|90|76|
|The average|number offull and part time persons|||||||
|employed
was||||116|102|113|100|
##
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##
|11.|TANGIBLE FIXEDASSETS|- HO|USI|NG PRO|PERTIES||||
|---|---|---|---|---|---|---|---|---|
||Social housing
properties|held|for|letting:|||Group and|Charity|
|||||||Freehold|Property|Total|
||||||||E|E|
||Cost||||||||
||As at 31March 2021||||||10,143,452|10,143,452|
||Additions||||||294,453|294,453|
||Disposals||||||(3,458)|(3,458)|
||As at 31 March 2022||||||10,434,447|10,434,447|
||Depreciation||||||||
||As at31March 2021||||||1,315,894|1,315,894|
||Charge for the year||||||143,798|143,798|
||Eliminated
on disposals||||||(713)|(713)|
||As at31March 2022||||||1,458,979|1,458,979|
||Net BookValue||||||||
||As at 31March 2022||||||8,975,468|8,975,468|
||As at 31March 2021||||||8,827,558|8,827,558|
||||||||Group and|Charity|
||||||||2022|2021|
||||||||E|E|
||The net book value of housing||properties||pledged as security for loan||||
||liabilities (see note 19)outstanding|||at the year end was:|||3,516,449|3,569,422|
|12.|SOCIAL HOUSING GRANTS||||||||
||Total accumulated
social|housing||grant received or receivable at31March:|||6,454,581|6,454,581|
||Recognised
in statement|ofcomprehensive|||income||914,814|821,413|
||Held as deferred
income||||||5,473,471|5,434,280|
||Held as Recycled Capital|Grant|||||66,296|198,888|
||||||||6,454,581|6,454,581|
|13.|EXPENDITURE ON WORKS TO||EXISTING||HOUSING PROPERTIES||2022|2021|
||||||||E|E|
||Amounts
capitalised||||||16,357|81,122|
||Amounts
charged to income and expenditure||||||206,513|163,757|
||||||||222,870|244,879|
##
##
##
|TANGIBLE FIXED ASSETS - OTHER|||||
|---|---|---|---|---|
|||Furniture|||
||Freehold|and|Motor||
||Property|equipment|vehicles|Total|
||E|E||E|
|CHARITY|||||
|Cost|||||
|As at 31March 2021|2,351,069|869,485|68,145|3,288,699|
|Additions|40,401|59,663||100,064|
|Disposals||(51,524)||(51,524)|
|As at 31March 2022|2,391,470|877,624|68,145|3,337,239|
|Depreciation|||||
|As at 31 March 2021||457,922|40,400|498,322|
|Charge for the year|45,299|89,450|5,549|140,298|
|Eliminated
on disposals||(41,410)||(41,410)|
|As at 31March 2022|45,299|505,962|45,949|597,210|
|Net Book Value|||||
|As at 31March 2022|2,346,171|371,662|22,196|2,740,029|
|As at 31March 2021|2,351,069|411,563|27,745|2,790,377|
|GROUP|||||
|Cost|||||
|As at 31March 2021|2,351,069|869,485|68,145|3,288,699|
|Additions|40,401|60,402||100,803|
|Disposals||(51,524)||(51,524)|
|As at 31March 2022|2,391,470|878,363|68,145|3,337,978|
|Depreciation|||||
|As at 31March 2021||457,922|40,400|498,322|
|Charge for the year|45,299|89,530|5,549|140,378|
|Eliminated
on disposals||(41,410)||(41,410)|
|As at 31March 2022|45,299|506,042|45,949|597,290|
|Net Book Value|||||
|As at 31March 2022|2,346,171|372,321|22,196|2,740,688|
|As at 31March 2021|2,351,069|411,563|27,745|2,790,377|
##
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##
|15.|INVESTMENTS|INVESTMENTS|||||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|2022|2021|
||||||||E|E|E|6|
||Investment|in|subsidiary|undertakings|at cost||||245,852|245,852|
||Other unlisted||investment|- Norwich|Housing|Society Ltd|||1|1|
||Tota
I||||||||245,853|245,853|
|16.|GOODWILL|||Group||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
||Net book value|brought|forward|105,185|140,246|
||Amortisation:|charge for the year||(3S,061)|(35,061)|
||Net book value|||70,124|105,1&5|
##
##
|17.|DEBTORS|||Group||Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||E|6|E|E|
||Rent and service charges receivable|||156,900|167,984|156,900|167,984|
||Less: Bad debt provision|||(51,176)|(57,517)|(51,176)|(57,517)|
||Revenue
grants receivable|||123,951|121,113|123,951|121,113|
||E-Leaming trade debtors|||2,006|34,862|||
||Balances due from subsidiary
undertaking|||||23,357|6,449|
||Prepayments
and accrued income|||64,852|61,674|64,852|61,674|
||Other debtors|||135,793|8,341|25,447|7,032|
|||||432,326|336,457|343,331|306,735|
|18.|CREDITORS: AMOUNTS
FALLING|DUE WITHIN ONE YEAR||||||
||Trade creditors|||170,231|121,553|135,899|110,047|
||Rent and service charges
received
in advance|||87,930|80,323|87,930|80,323|
||Taxation and social security|||85,543|18,159|61,814|6,791|
||Other creditors|||14,272|6,803|14,272|6,903|
||YMCA pension
plan deficit contributions||(note 20)|41,173|42,508|41,173|42,508|
||Accruals
and deferred
income|||639,430|468,730|636,728|466,212|
||Current
portion of housing
loan|||642|585|642|585|
||Current
portion of bank loan|||40,438|35,934|40,438|35,934|
||Deferred grant income (note 21)|||97,189|86,720|97,189|86,720|
|||||1,176,848|861,31S|1,116,085|836,023|
|19.|CREDITORS: AMOUNTS
FALLING|AFTER|MORE THAN ONE|YEAR||Group and|Charity|
||YMCA pension
plan deficit contributions||(note 20)|||251,598|316,634|
||Housing
loan to be repaid within|five years||||3,257|2,968|
||Housing
loan to be repaid after five years|||||71,157|71,978|
||Bank loan to be repaid within five|years||||174,549|169,351|
||Bank loan to be repaid after five years|||||743,495|786,320|
||Deferred grant income (note 21)|||||5,572,494|5,547,560|
||Recycled Capital Grant Fund (note 22)|||||66,296|198,888|
|||||||6,882,846|7,093,699|
##
##
##
|20.|PENSION
LIABILITY|PENSION
LIABILITY||||Group and|Charity|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
||Opening
balance|||||359,142|298,412|
||Contributions|payable|in the|year||(42,887)|(41,638)|
||Adjustment|on change|in discount rate|||(29,769)|6,5SS|
||Adjustment|following|triennia|I valuation|May 2020||89,065|
||Interest on|liability||||6,2S5|6,714|
|||||||292,771|359,142|
|||||||Within|One|to two|Two to|five|After|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||one year||years|years||five years|Total||
|||||||E||E||E|E|E||
||As at 31March 2022|||||41,173||41,104|123,914||86,580|292,771||
||As at 31March 2021|||||42,508||43,062|132,384||141,188|359,142||
|21.|DEFERRED GRANT INCOME|||||||||||Group and|Charity|
|||||||||||||2022|2021|
|||||||||||||E|E|
||As at31March|2021||||||||||5,634,280|5,523,491|
||Grant transferred
to YMCA||||Norfolk|in the year|||||||200,000|
||Grant released|on disposal|||of property|||||||||
||Grant acquired|through|recylcing|||||||||132,592||
||Recognised
in statement|||of comprehensive|||income|- Social|housing|||(93,401)|(89,211)|
||Recognised
in statement|||of comprehensive|||income|- Other||||(3,788)||
||As at 31March|2022||||||||||5,669,683|5,634,280|
||Amounts
to be|recognised||within one year||||||||97,189|86,720|
||Amounts
to be|recognised||in more||than one|year|||||5,572,494|5,547,560|
|||||||||||||5,669,683|5,634,280|
|22.|RECYCLED CAPITAL GRANT||||FUND|||||||||
||As at 31March|2021||||||||||198,888||
||New grants to be recycled|||||||||||||
||Grants
recycled|in the year||||||||||(132,592)||
||As at31March|2022||||||||||66,296||
##
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||Number|Number|
|At beginning|of the year|28|29|
|New members|during the year|||
|Leavers during the year||||
|At end of the|year|27|28|
##
##
##
##
|Land and buildings:|||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Leases with non-cancellable|periods|expiring|within one year||38,790|60,702|
|Leases with non-cancellable|periods|expiring|between|one and two years|||
|Leases with non-cancellable|periods|expiring|between|two and five years|18,413|37,565|
||||||57,203|98,267|
##
##
|||||As at|Cash|Other|As at|
|---|---|---|---|---|---|---|---|
|||||31March|flows|non-cash|31March|
|||||2021||movements|2022|
|||||f|E|E|E|
|Cash||||1,924,316|(156,050)|-|1,768,266|
|Loans|due|within|one year|(36,519)|(4,561)|-|(41,080)|
|Loans|due|after|one year|(1,030,617)|38,159|-|(992,458)|
|||||857,180|(122,452)||734,728|
##
##
||is provide|d|below:||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|2022|2021|
||||||||||||Surplus for|Surplus for|||
||||||||||||the year|the year|Capital and|reserves|
|||||||||||||E|E|E|
||Josiah Vavasseur|||YMCA Fund|||||||1,057|6,942|42,066|41,009|
||The Norwich||Lads'|Club|||||||4,430|29,026|176,060|171,630|
|29.|FINANCIAL||INSTRUMENTS||||||||||||
||The group's||financial||instruments|||may|be|analysed|as follows:||||
||||||||||||||2022|2021|
||||||||||||||E|E|
||Financial|assets:|||||||||||||
||Financial|assets measured||||at|amortised||cost||||1,875,996|2,069,645|
||Financial|liabilities:|||||||||||||
||Financial|liabilities||measured|||at|amortised||cost|||1,291,699|1,269,012|