Pauleta Universitys facilities management function has been transferred during the year to Eusebio Properties Limited. Eusebio Properties Limited is a company partly owned by the university and has been set up to manage the universitys estates portfolio, including student accommodation. The company has been set up using share capital funded 90% by the university and 10% funded by a local lettings and estate agent.

During the year it recognised revenue from the following sources:

	000
Student accommodation	10 900
University departments	3 400
Commercially let properties	13 400
Properties let to Bedderford NHS Hospital	1 300
	29 000

Requirement

Explain the accounting treatment of the revenue of Eusebio Properties Limited in the group accounts and those of the company.