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Radiocommunications
Agency
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Radiocommunications
Agency
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Notes to the Accounts
5. Other operating charges
1996 |
1995 |
|
£'000 |
£'000 |
|
| Accommodation costs | 2,664 |
2,827 |
| Facilities management | 140 |
0 |
| Research and development expenditure | 2,858 |
2,125 |
| Spectrum review | 153 |
0 |
| DTI overhead recharges | 2,389 |
2,416 |
| Subcontracted accounting and support services | 276 |
394 |
| Office equipment | 983 |
777 |
| Subcontracted customer services | 1,811 |
1,147 |
| IT consultants | 2,012 |
1,041 |
| Maintenance of vehicles, computer equipment and plant | 776 |
737 |
| Travel and subsistence | 1,041 |
834 |
| Printing and publicity | 721 |
715 |
| Staff training | 444 |
472 |
| Hire of plant and machinery | 148 |
122 |
| Notional audit fee | 45 |
49 |
| Notional insurance | 97 |
57 |
| Relocation | (167) |
3,684 |
| Disaster recovery | 11,400 |
0 |
| Other | 2,862 |
2,203 |
30,653 |
19,600 |
6. Notional interest
A notional interest charge is made calculated on the Treasury Formula (currently
based on a rate of 6% p.a. of capital employed). See note 1 (j) (i).
7. Exceptional items
The following amounts in respect of relocation and disaster recovery have been
charged (credited) in the year. For details of the Agency's accounting policy on
insurance, see note 1(k). For full costs of disaster recovery, see note 18.
Relocation |
1996 Disaster Recovery |
Total |
Relocation |
1995 Disaster Recovery |
Total | |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
| Staff costs | 27 |
464 |
491 |
186 |
0 |
186 |
| Other operating charges | (167) |
11,400 |
11,233 |
3,870 |
0 |
3,684 |
(140) |
11,864 |
11,724 |
3,870 |
0 |
3,870 |
|
| Other operating income | 0 |
(10,392) |
(10,392) |
0 |
0 |
0 |
| Net operating costs | (140) |
1,472 |
1,332 |
3,870 |
0 |
3,870 |
| Loss on disposal of | ||||||
| fixed assets (see note 8) | 0 |
1,065 |
1,065 |
0 |
0 |
0 |
| Net total cost | (140) |
2,537 |
2,397 |
3,870 |
0 |
3,870 |
8. Tangible Assets
Buildings |
Computer Equipment |
Plant and Machinery |
Satelite Monitoring |
Vehicles |
Furniture and Office Equipment |
Assets under construction |
Total |
|
| >£'000 | £'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
| Cost of valuation: | ||||||||
| At 1 April 1995 | 264 |
3,966 |
8,567 |
2,410 |
1,865 |
451 |
2,350 |
19,873 |
| Additions | 696 |
1,980 |
880 |
33 |
74 |
1,281 |
2,475 |
7,419 |
| Surplus on revaluation | 4 |
(35) |
353 |
106 |
56 |
(102) |
0 |
382 |
| Disposals | (696) |
(490) |
(71) |
0 |
(163) |
(288) |
(246) |
(1,954) |
| Transfers | 0 |
928 |
936 |
13 |
26 |
0 |
(1,903) |
0 |
| At 31 March 1996 | 268 |
6,349 |
10,665 |
2,562 |
1,858 |
1,342 |
2,676 |
25,720 |
| Depreciation: | ||||||||
| At 1 April 1995 | 54 |
1,893 |
4,333 |
1,803 |
529 |
277 |
0 |
8,889 |
| Provided during the year | 39 |
706 |
934 |
136 |
332 |
85 |
0 |
2,232 |
| Backlog depreciation | 0 |
65 |
191 |
113 |
13 |
1 |
0 |
383 |
| Disposals | (24) |
(282) |
(56) |
0 |
(119) |
(243) |
0 |
(724) |
| At 31 March 1996 | 69 |
2,382 |
5,402 |
2,052 |
755 |
120 |
0 |
10,780 |
| Net book value | ||||||||
| At 1 April 1995 | 210 |
2,073 |
4,234 |
607 |
1,336 |
174 |
2,350 |
10,984 |
| At 31 March 1996 | 199 |
3,967 |
5,263 |
510 |
1,103 |
1,222 |
2,676 |
14,940 |
During the year, £696,000 was expended on the initial fitout of the new Docklands head
office. The assets represented by these costs were made unusable by the bombing in
February 1996 and have therefore been written off as exceptional losses on the grounds of
prudence. However, they are expected to be reinstated by the landlord at no further cost
to the Agency during the refurbishment of the building, at which time they will be written
back. Further exceptional losses incurred as a result of the bombing were in assets under
construction, computer equipment and furniture and office equipment. See also notes 1(k)
and 18.
Since 1 April 1996, all estate holdings where the Agency is the sole or major occupier
have become part of the Departmental estate. Responsibility for these buildings (and for
any minor occupations by the Agency on other Departments' holdings) has been transferred
by the DTI to the Agency to manage in accordance with Treasury rules on the management of
estate assets. Holdings will be capitalised in next year's accounts where appropriate.
9. Current assets
No amount is included in current assets for cash at bank and in hand. This is
because, as explained in the Accounting Policies (Note I (h)), the Agency does not operate
any bank accounts.
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