QUARTERLY REPORT AS AT December 2013
TABLE 1: COLLATERAL
AVERAGE PER DWELLING
ANNUAL PROVISION PER DWELLING FOR...
LAST REPORT DIFFERENCE VOIDS &
NO OF NO OF NO OF WEEKLY CREDIT SERVICE
ASSOCIATION DWELLINGS DWELLINGS DWELLINGS GROSS RENT LOSSES MANAGEMENT MAINTENANCE CHARGES
A2Dominion 283 283 0 146 303.68 429.2 675.62 1,962.90
Arena 563 563 0 86 178.89 377.84 619.11 286.23
Paradigm 182 182 0 119.82 249.23 366 641.58 112.2
Derwent1 423 533 -110 71.71 149.16 378 608.7 370.34
Home 559 559 0 102.59 213.38 382.71 687.37 399.73
Jephson 1,165 1,165 0 99.4 206.74 378 671.86 146.41
Knightstone2 541 552 -11 100.53 209.11 351.9 576.56 102.33
Midland Heart 628 628 0 91.98 191.31 385.42 652.84 410.79
Riverside 963 963 0 86.27 179.43 377.61 608.07 122.67
Viridian3 1,419 1,432 -13 117.94 245.31 386.16 632.07 719.08
Thames Valley 515 515 0 132.71 276.04 378 684.41 387.19
GROSS ANNUAL NET RENTAL ANNUAL DEBT NET RENTAL
ASSOCIATION RENT INCOME SERVICE COVER
A2Dominion £2,148,537.72 £1,194,428.91 £686,751.00 1.74
Arena £2,517,855.60 £1,694,716.82 £1,016,225.00 1.67
Paradigm £1,134,011.84 £884,851.37 £501,691.00 1.76
Derwent1 £1,577,373.72 £940,248.95 £913,523.00 1.03
Home £2,981,968.08 £2,041,065.70 £1,432,167.00 1.43
Jephson £6,021,382.64 £4,386,875.75 £3,076,087.00 1.43
Knightstone2 £2,828,173.40 £2,157,391.19 £1,322,967.00 1.63
Midland Heart £3,003,599.68 £1,973,452.31 £1,215,720.00 1.62
Riverside £4,319,891.68 £3,079,754.93 £1,525,337.00 2.02
Viridian3 £8,702,310.76 £5,888,972.11 £4,092,419.00 1.44
Thames Valley £3,553,954.56 £2,665,251.62 £1,626,736.00 1.64
TABLE 2: COLLECTION
OVER LAST 52 WEEKS ...
(NET
COLLECTED
(COLLECTED RENT)/
RENT)/ (ANNUAL
GROSS COLLECTED NET COLLECTED (GROSS DEBT
ASSOCIATION RENT RENT RENT RENT) SERVICE)
A2 £2,218,503.88 £2,258,327.90 £1,368,366.53 1.02 1.99
Arena £2,503,172.63 £2,431,851.38 £1,715,514.07 0.97 1.69
Paradigm £1,109,592.10 £1,110,456.08 £909,803.06 1 1.81
Derwent £2,211,038.19 £2,260,188.85 £1,561,880.24 1.02 1.71
Home £2,960,675.16 £2,892,673.56 £2,077,783.96 0.98 1.45
Jephson £5,981,788.11 £6,008,558.04 £4,623,250.93 1 1.5
Knightstone £2,841,284.21 £2,784,564.30 £2,196,774.06 0.98 1.66
Midland Heart £2,970,455.15 £2,874,336.87 £1,958,983.24 0.97 1.61
Riverside £4,284,208.50 £4,160,235.77 £3,100,072.31 0.97 2.03
Viridian £8,680,311.75 £8,614,694.03 £6,063,234.69 0.99 1.48
Thames Valley £3,316,557.29 £3,366,213.93 £2,627,555.53 1.01 1.62
OVER LAST 28 WEEKS ...
(NET
COLLECTED
(COLLECTED RENT)/
RENT)/ (ANNUAL
GROSS COLLECTED NET COLLECTED (GROSS DEBT
ASSOCIATION RENT RENT RENT RENT) SERVICE)
A2 £1,116,095.91 £1,108,052.37 £662,020.24 0.99 0.96
Arena £1,356,450.88 £1,342,642.06 £953,644.22 0.99 0.94
Paradigm £607,503.51 £607,125.62 £497,559.64 1 0.99
Derwent £1,170,738.34 £1,157,421.69 £788,312.32 0.99 0.86
Home £1,605,591.92 £1,537,604.29 £1,095,186.75 0.96 0.76
Jephson £3,243,943.46 £3,221,189.84 £2,471,106.54 0.99 0.8
Knightstone £1,540,390.26 £1,505,544.73 £1,187,858.85 0.98 0.9
Midland Heart £1,607,613.59 £1,557,324.38 £1,066,477.02 0.97 0.88
Riverside £2,317,892.10 £2,250,465.78 £1,676,236.33 0.97 1.1
Viridian £4,710,629.73 £4,688,153.07 £3,303,489.29 1 0.81
Thames Valley £1,784,905.11 £1,810,567.61 £1,412,371.09 1.01 0.87
TABLE 3: COMPLIANCE
OVER LAST 52 WEEKS... OVER LAST 28 WEEKS ...
COLLECTED NET COLLECTED NET COLLECTED RENT OUTCOME
RENT OVER COLLECTED RENT OVER TEST OF LAST
GROSS RENT TEST GROSS STOCK
RENT >= RENT >= CONDITION
95% 95% SURVEY
ASSOCIATION NCR >= NCR >= 115% ADS
115% ADS
A2 Pass Pass Pass Pass CGTC
Arena Pass Pass Pass Pass CGTC
Paradigm Pass Pass Pass Pass CGTC
Derwent Pass Pass Pass Pass CGTC
Home Pass Pass Pass Pass CGTC
Jephson Pass Pass Pass Pass CGTC
Knightstone Pass Pass Pass Pass CGTC
Midland Heart Pass Pass Pass Pass CGTC
Riverside Pass Pass Pass Pass CGTC
Viridian Pass Pass Pass Pass CGTC
Thames Valley Pass Pass Pass Pass CGTC
TABLE 4: ADDITIONAL FACILITY
PROVIDER NAME DRAW-DOWNS OUTSTANDING BALANCE
ORIGINAL
AF PROVIDER Barclays Bank plc £0.00 £9,435,000.00
TABLE 5: LIABILITIES
OUTSTANDING NOTE TOTAL
PRINCIPAL AMOUNT NOTE ISSUANCE
(PER £100) AMOUNT TO DATE
AS AT END
OF THE QTR 0.7287053 £192,270,000.00
Notes
1Derwent released 110 dwellings w/c 11/11/2013 following a release request
2Knightstone released 11 Dwellings w/c 26/10/13 following a release request
3Viridian released 13 Dwellings w/c 2/12/13 following a release request