EC Meeting Papers July 2018
GENERAL FEDERATION OF TRADE UNIONS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2017
10.
Intangible fixed assets
Group and Trust
Purchased goodwill
Cost
£ 1
At 1 January 2017 and 31 December 2017
Amortisation At 1 January 2017 and 31 December 2017
1
Net book value At 31 December 2016 and 31 December 2017
-
Goodwill arose on the purchase of the Quorn Grange Hotel investment property in 2012.
11.
Fixed asset investments
Investment properties Trust
Fixed & moveable assets & equipment
Quorn Grange Property
Property improvements
Total
£
£
£
£
Cost At 1 January 2017
2,035,000
6,811
112,000
2,153,811
Additions Disposals
140,840
- - -
- - -
- - -
- -
Revaluation
At 31 December 2017
2,175,840
6,811
112,000
2,153,811
Depreciation At 1 January 2017 Charge for the year
- - -
2,613
53,387
56,000
630
8,792
9,422
Eliminated on disposals
-
-
-
At 31 December 2017
-
3,243
62,179
65,422
Net book value At 31 December 2017
2,175,840
3,568
49,821
2,229,229
At 31 December 2016
2,035,000
4,198
58,613
2,097,811
Investment properties were revalued at 31 December 2016 by an external and independent valuer.
18
Made with FlippingBook HTML5