b"Group Income & Expenditure Accountfor the year ended 31 March 2019Choice Housing Ireland2019 2018(Restated)'000 '000Turnover 68,80062,877Operating expenditureOperating costs (52,318) (49,066)Operating surplus 16,48213,811Gain on disposal of tangible fixed assets 514600Interest receivable and similar income 18761Interest payable and similar charges (8,441) (6,044)Net finance charges relating to pension scheme (105) (165)Fair value uplift in investment properties*634618Reversal of impairment of financial assetsTransfer of disposal proceeds fund (485) (564)Movement in fair value of financial instruments (171) (50)Surplus before tax 8,6158,267Taxation (97)(23)Surplus for the year 8,518 8,24444 Choice Annual Report | 2018/19"