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CJH1
#1 Posted : 11/07/2018
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Joined: 7/11/2018(UTC)
Posts: 1

Good Afternoon,

We do not currently componentise our Council Dwelling Stock other than for land and buildings. We have calculated that the depreciation we currently charge each year i.e. 1/40th of building value is not materially different to what the depreciation would be if we fully componentised the Council Dwellings.

I would be interested to know what approach other Authorities take to Council Dwelling Componentisation please?
Anthony Dodridge
#2 Posted : 03/08/2018
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Joined: 2/24/2018(UTC)
Posts: 4

For simplicity, we also choose not to componentise our Council housing stock other than for land (which does not depreciate in value) and buildings (1/60th of building value).

Each year, we're required by our external auditor to do a calculation which demonstrates that componentising the assets does not lead to a materially different depreciation figure.

This calculation is based on estimated useful economic lives of the different components sourced from a qualified quantity surveyor.
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