Trent Bridge Annual Report 2018

43 FINANCIAL REPORT 2018 2017 £ £ Surplus on ordinary activities before tax 908,260 279,117 Surplus on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2017 - 19.5%) 172,569 54,428 Effects of: Expenses not deductible for tax purposes, other than goodwill amortisation and impairment (3,796) 15,139 Capital allowances for year in excess of depreciation (2,952) 12,271 Grant income amortisation taxed on receipt (51,468) (45,045) Other timing differences leading to an increase/(decrease) in taxation 73,226 (32,406) Prior year tax credit - (182,175) Rate changes - (3) Total tax charge for the year 187,579 (177,791) Factors that may affect future tax charges There were no factors that may affect future tax charges. 8. TANGIBLE FIXED ASSETS Freehold property Plant & machinery Office equipment Total £ £ £ £ Cost At 1 October 2017 24,487,214 5,008,240 452,578 29,948,032 Additions 3,040,948 91,069 50,519 3,182,536 At 30 September 2018 27,528,162 5,099,309 503,097 33,130,568 Depreciation At 1 October 2017 4,521,581 3,910,585 391,837 8,824,003 Charge for the year on owned assets 402,073 210,770 26,118 638,961 At 30 September 2018 4,923,654 4,121,355 417,955 9,462,964 Net book value At 30 September 2018 22,604,508 977,954 85,142 23,667,604 At 30 September 2017 19,965,633 1,097,655 60,741 21,124,029 Included with freehold property is land of £4,177,476 which is not depreciated. Impairment At 1 October 2017 150,000 28,500 178,500 At 30 September 2018 150,000 28,500 178,500 At 30 September 2018 - - - At 30 September 2017 - - - 9. INVESTMENTS Nottinghamshire Sports Properties Limited Reigndei Limited Total £ £ £ Cost At 1 October 2017 150,000 28,500 178,500 At 30 September 2018 150,000 28,500 178,500