| |
|
2002
|
2001
|
| INCOME
AND EXPENDITURE ACCOUNT for the year
ended 31 March 2002 |
|
|
|
| |
Notes
|
£'000
|
£'000
|
| Operating
income |
2
|
137,793
|
117,999
|
| Staff
costs |
4
|
(20,101)
|
(17,786)
|
| Depreciation |
7
|
(6,442)
|
(4,931)
|
| Other
operating charges |
|
(40,339)
|
(36,147)
|
| Operating
surplus |
5
|
70,911
|
59,135
|
| Loss on
disposal of fixed assets |
|
(89)
|
(140)
|
| Surplus
before investment income and capital charge |
|
70,822
|
58,995
|
| Investment
income |
8
|
280
|
228
|
| Capital
charge |
6
|
518
|
(413)
|
| Surplus
for the financial year |
12
|
71,620
|
58,810
|
| |
|
|
|
|
STATEMENT
OF TOTAL RECOGNISED GAINS AND LOSSES for the year ended 31 March
2002
|
|
|
|
| Surplus
for the financial year |
|
71,620
|
58,810
|
| Unrealised
surplus on revaluation of fixed assets |
|
406
|
329
|
| Total
gains and losses relating to the year and recognised since last annual
report |
|
72,026
|
59,139
|
| |
|
|
|
|
BALANCE SHEET as at 31 March 2002
|
|
|
|
| FIXED
ASSETS |
|
|
|
| Tangible
assets |
7
|
34,976
|
31,095
|
| Investment
|
8
|
1
|
1
|
| |
|
34,977
|
31,096
|
| CURRENT
ASSETS |
|
|
|
| Debtors
|
9
|
9,384
|
5,973
|
| Cash at
bank |
|
1
|
29
|
| |
|
9,385
|
6,002
|
| CURRENT
LIABILITIES |
|
|
|
| Creditors
|
10
|
(1,967)
|
(1,303)
|
| Net current
assets |
|
7,418
|
4,699
|
|
Total assets less current liabilities
|
|
42,395
|
35,795
|
| PROVISIONS
FOR LIABILITIES AND CHARGES |
11
|
(867)
|
(974)
|
| DEFERRED
INCOME |
17
|
(45,464)
|
(48,127)
|
| |
|
(3,936)
|
(13,306)
|
| TAXPAYERS'
EQUITY |
|
|
|
| General
fund |
12
|
(6,104)
|
(15,152)
|
| Revaluation
reserve |
13
|
2,168
|
1,846
|
| |
|
(3,936)
|
(13,306)
|
Michael
Goddard
Acting Chief Executive
3 July 2002
The
notes on the next page form part of these accounts
| |
|
2002
|
2001
|
| CASH
FLOW STATEMENT for the year ended
31 March 2002 |
|
|
|
| |
Notes
|
£'000
|
£'000
|
| OPERATING
ACTIVITIES |
|
|
|
| Net cash
inflow from operating activities |
|
72,432
|
22,570,998
|
| |
|
|
|
| CAPITAL
EXPENDITURE |
|
|
|
| Purchase
of fixed assets |
|
(9,901)
|
(11,693)
|
| Sale of
fixed assets |
|
32
|
80
|
| |
|
|
|
| RETURN
ON INVESTMENTS |
|
|
|
| Investment
income |
|
280
|
228
|
| Net cash
outflow from investing activities |
|
(9,589)
|
(11,385)
|
| Net
cash inflow before financing |
|
62,843
|
22,559,613
|
| |
|
|
|
| FINANCING |
|
|
|
| Net contribution
to the Department of Trade and Industry resource account for 2001/02,
RfR 1, which is audited and published separately. |
|
(62,871)
|
(100,627)
|
| Auction
proceeds in excess of associated costs; due to Consolidated Fund |
|
0
|
(22,460,659)
|
| Change
in cash and cash equivalents |
|
(28)
|
(1,673)
|
| |
|
|
|
| Notes
to Cash Flow Statement |
|
|
|
|
1. Reconciliation
of operating surplus to net cash inflow from operating activities
|
| Operating
surplus |
|
70,911
|
59,135
|
| Depreciation
|
|
6,442
|
4,931
|
| Diminution
in value of fixed assets |
|
0
|
240
|
| Auditors'
remuneration |
|
25
|
22
|
| DTI overheads
apportioned |
|
707
|
690
|
| Licence
auction receipts due to Consolidated Fund |
|
0
|
22,460,659
|
| (Increase)/decrease
in debtors |
|
(3,411)
|
687
|
| Decrease
in auction deposits. |
|
0
|
1,308,550
|
| (Increase)/decrease
in creditors |
|
528
|
(1,312,345)
|
| (Decrease)/increase
in provisions |
|
(107)
|
302
|
| (Decrease)/increase
in deferred income |
|
(2,663)
|
48,127
|
|
Net cash inflow from operating activities
|
|
72,432
|
22,570,998
|
|
DTI overhead apportionment represents the cost of the services provided
by DTI Central Directorates and their agents that are not paid for
in cash by the Agency.
|
|
2. Analysis
of balance of cash as shown in the balance sheet
|
| |
31
Mar 02
|
Cashflow
|
1
Apr 01
|
|
Balance
at Paymaster General
|
1
|
(28)
|
29
|
|
