Housing SORP: 2018 update

We have updated the Housing SORP following recent amendments to financial reporting standards.

15 October 2018

This revised edition reflects the relevant changes to FRS 102 as well as clarifying some other areas of the previous version of the SORP.

The key areas of change include:

  • clarifying what is included and excluded from operating surplus 
  • removing the "undue cost and effort" exemption in valuing investment properties
  • allowing an accounting policy choice to carry property rented to other group entities at either cost or fair value
  • drawing attention to the requirement to include a net debt reconciliation as part of cash flow disclosures. 

The updated SORP will be effective for periods beginning on or after 1 January 2019, although early adoption is permitted provided all aspects are adopted.

Look inside


  • Author: PwC
  • Number of pages: 127
  • ISBN: 978 0 86297 596 8
  • Publisher, year: National Housing Federation, 2018

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