|
|
Annual Report and Accounts 2000-2001 |
| INCOME AND EXPENDITURE ACCOUNT |
|
2001
|
2000
|
| for the year ended 31 March 2001 |
|
£'000
|
£'000
|
| Operating income |
|
117,999
|
78,194
|
| Staff costs |
|
(17,786)
|
(16,256)
|
| Depreciation |
|
(4,931)
|
(3,477)
|
| Other operating charges |
|
(36,147)
|
(29,175)
|
| Operating surplus |
|
59,135
|
29,286
|
| Loss on disposal of fixed assets |
|
(140)
|
(62)
|
| Surplus before investment income and capital charge |
|
58,995
|
29,224
|
| Investment income |
|
228
|
241
|
| Capital charge |
|
(413)
|
(1,321)
|
| Surplus for the financial year |
|
58,810
|
28,144
|
|
|
|
|
|
| STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES |
|
|
|
| for the year ended 31 March 2001 |
|
|
|
| Surplus for the financial year |
|
58,810
|
28,144
|
| Unrealised surplus on revaluation of fixed assets |
|
563
|
301
|
| Total gains and losses relating to the year and recognised since last annual report |
59,373
|
28,445
|
|
| BALANCE SHEET | |||
| as at 31 March 2001 | |||
| Fixed assets | |||
| Tangible assets |
7
|
31,095
|
24,463
|
| Investment |
8
|
1
|
1
|
| Current assets |
|
31,096
|
24,464
|
| Debtors |
9
|
5,973
|
6,660
|
| Auction deposits |
10
|
0
|
1,308,550
|
| Cash at bank |
|
29
|
1,702
|
| Current liabilities |
|
6,002
|
1,316,912
|
| Creditors |
10
|
(1,303)
|
(1,313,648)
|
| Net current assets |
|
4,699
|
3,264
|
| Total assets less current liabilities |
|
35,795
|
27,728
|
| Provisions for liabilities and charges |
11
|
(974)
|
(672)
|
| Deferred income |
17
|
(48,127)
|
0
|
| Taxpayers' equity |
|
(13,306)
|
27,056
|
| General fund |
12
|
(15,152)
|
25,403
|
| Revaluation reserve |
13
|
1,846
|
1,653
|
|
|
(13,306)
|
27,056
|
David Hendon
Chief Executive
2 July 2001
click here for the notes that form part of these accounts
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