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Radiocommunications
Agency
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Radiocommunications
Agency
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Notes to the Accounts
10. Debtors
1996 |
1995 |
|
£'000 |
£'000 |
|
| Amounts falling due within one year: | ||
| Trade debtors | 1,990 |
2,885 |
| VAT | 492 |
498 |
| Other debtors | 6,864 |
6 |
| Prepayments | 255 |
202 |
9,601 |
3,561 |
|
| Amounts falling due after one year: | ||
| Other debtors | 8,105 |
0 |
| Prepayments | 153 |
0 |
8,258 |
0 |
Included above are Other debtors of £14,969,000 (1995: £Nil) for future recoveries of
uninsured losses due from the DTI.
11. Creditors
1996 |
1995 |
|
£'000 |
£'000 |
|
| Amounts falling due within one year: | ||
| Payments received on account | 513 |
295 |
| Trade creditors | 1,417 |
353 |
| Taxation and social security | 123 |
19 |
| Accruals | 4,658 |
2,504 |
| Deferred income | 1,031 |
0 |
7,742 |
3,171 |
Included above are accruals of: £50,000 (1995: £2,000,000) for costs in connection with
the relocation of the Agency's headquarters in autumn 1995 (see also notes 7 and 16); and
£4,094,000 (1995: £Nil) for costs in connection with disaster recovery following the
Docklands bombing in February 1996 (see also notes 1(k) and 18).
12. General Fund
1996 |
1995 |
|
£'000 |
£'000 |
|
| Reconciliation of movements in government funds: | ||
| At 1 April | 8,643 |
9,610 |
| Surplus on Income and Expenditure Account | 2,981 |
3,390 |
| Cash surplus surrendered and accounted for in DTI Appropriation Account (Class IV Vote 1) | (4,751) |
(7,594) |
| Notional and non-cash supplies | 3,623 |
3,208 |
| DTI notional disaster recovery funding | (484) |
0 |
| Retained (deficit)/surplus for the year | 1,369 |
(996) |
| Transfer from Revaluation Reserve | 41 |
29 |
| At 31 March | 10,053 |
8,643 |
13. Revaluation Reserve
1996 |
|
£'000 |
|
| At 1 April 1995 | 1,731 |
| Defecit on revaluation | 382 |
| Backlog depreciation | (383) |
| Transfer to General Fund (realised on disposals) | (41) |
| At 31 March 1996 | 1,689 |
| Of which realised: | 1,135 |
| Unrealised: | 554 |
1,689 |
The movement on the Revaluation Reserve represents the increase in gross current
replacement cost of fixed assets, less backlog depreciation. The realised element
represents the net cumulative total of the adjustments that have passed through the Income
and Expenditure Account.
14. Operating leases
Rentals due within the next year under operating leases were as follows:
Land and Buildings 1996 |
Other 1996 |
Land and Buildings 1995 |
Other 1995 |
|
£'000 |
£'000 |
£'000 |
£'000 |
|
| Expiring within: | ||||
| One year | 0 |
0 |
0 |
28 |
| Two to five years | 0 |
62 |
0 |
11 |
| Five years or more | 828 |
0 |
507 |
0 |
828 |
62 |
507 |
39 |
15. Capital commitments
1996 |
1995 |
|
£'000 |
£'000 |
|
| Contracted | 1,034 |
1,495 |
16. Provisions for liabilities and charges
Relocation |
Disaster recovery |
Total |
|
£'000 |
£'000 |
£'000 |
|
| Balance at 1 April 1995 | 1,000 |
0 |
1,000 |
| Charged/ (credited) to Income and Expenditure Account | (140) |
7,054 |
6,914 |
| Charged to Assets under Construction | 0 |
881 |
881 |
| Utilised in year | (226) |
0 |
(226) |
| Balance at 31 March 1996 | 634 |
7,935 |
8,569 |
Relocation costs
The above amount first provided in 1994/95 has been carried forward to the extent needed
to cover costs that remain certain to be incurred following the Agency's return to London
Docklands but uncertain as to the exact amount and date on which they will arise. See also
notes 7 and 11.
Disaster Recovery
In accordance with its policy on Insurance (see note 1(k)), the Agency has made full
provision for all disaster recovery costs, whether recoverable or not. See also note 18.
17. Deferred Income
1996 |
1995 |
|
£'000 |
£'000 |
|
| At 1 April | 0 |
0 |
| Total recoverable from the DTI (see note 18) | 5,777 |
0 |
| Transferred to Creditors (see note 11) | (1, 031) |
(0) |
| At 31 March | 4,746 |
0 |
In accordance with the Agency's accounting policy on
insurance (see note 1(k), the capital element of disaster recovery funding from the DTI
has initially been treated as deferred income. It will be credited to income over the
lives of the assets funded.
18. Disaster recovery
In February 1996, the Agency's headquarters operations were disrupted by the Docklands
bombing. All extra costs arising from the need to move the Agency's headquarters to
temporary premises and then back to its refurbished Docklands offices (return planned for
first half of 1999) have been treated as uninsured losses. The total estimated cost of
disaster recovery is £17,641,000 which can be analysed as follows:
Revenue |
Capital |
Total |
Total |
|
£'000 |
£'000 |
£'000 |
£'000 |
|
| In year costs | 716 |
484 |
1,200 |
0 |
| Costs due within one year | 4,094 |
2,769 |
6,863 |
0 |
| Costs due after more than one year | 7,054 |
2,524 |
9,578 |
0 |
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The DTI is funding all £5,777,000 of the capital costs and £10,392,000 of the revenue
costs. The remaining £1,472,000 of the revenue costs will be met by the Agency.
£14,969,000 of the DTI funding still due at the year end has been accrued within debtors.
See also note 1(k) for the Agency's accounting policy on insurance and notes 2, 5, 7, 8,
10, 11, 12, 16 and 17 for the impact on these accounts.
In accordance with its policy on insurance (see note 1(k)), the Agency has made full
provision for all disaster recovery costs, whether recoverable or not. See also note 18.
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