Page 68 - RFU Annual Report 2017

66
Financial Statements

Notes to the Financial Statements continued

Freehold
16. Investment property investment
property
Group and Parent £m

Valuation
At 1 July 2016 7.1
Fair value adjustment 1.5
Additions 0.9
Disposals (1.3)

At 30 June 2017 8.2

During the year the property at 232 Whitton Road was purchased for £0.9m whilst the properties at 175 Whitton Road and
207 Whitton Road were disposed of for amounts of £0.6m and £0.7m respectively.
If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been
measured as follows:

2017 2016
Group and Parent £m £m

Cost 2.4 1.9
Depreciation (0.3) (0.3)

Net book value 2.1 1.6

17. Stock Group Group Parent Parent
2017 2016 2017 2016
£m £m £m £m

Goods held for resale 0.9 1.1 0.4 0.8

There is no material difference between the net book value of stock and its replacement cost. Stock with a carrying
value of £5.7m (2016: £7.6m) was recognised as an expense during the period.

An impairment loss of £0.1m (2016: £0.1m) was recognised in profit and loss during the year due to slow-moving
and obsolete items.

Group Group Parent Parent
18. Debtors and prepayments 2017 2016 2017 2016
£m £m £m £m

Amounts falling due within one year
Trade debtors 29.5 9.4 24.8 3.3
Amounts owed by Group undertakings - - 6.9 2.4
Other debtors 8.8 4.5 8.7 3.8
Prepayments and accrued income 10.8 6.7 10.1 5.9

49.1 20.6 50.5 15.4

Annual Report 2017