Archived decisions

Notes to the Consolidated Balance Sheet

1a

Fixed assets

The movements in fixed assets during the year were as follows:

Other land

Vehicles,

Infra-

Community Non-

Assets

Total

and

plant and

structure

assets

operational

under

Deferred

buildings

equipment

properties

construction

charges

£'000

£'000

£'000

£'000

£'000

£'000

£'000

£'000

Gross Book Value at 31 March 2005

2,269,970

82,304

346,212

11,148

42,396

55,299

-

2,807,329

Less Accumulated

Depreciation/Impairment

-92,534

-25,353

-43,092

-1

-71

-

-

-161,051

Net book value of fixed assets

at 31 March 2005

2,177,436

56,951

303,120

11,147

42,325

55,299

2,646,278

Transfer Magistrates assets to

Department of Constitutional

Affairs

-53,082

-

-

-

-

-

-53,082

Movement in 2005/06

Additions

80,406

6,990

39,964

1,174

4,728

37,454

14,044

184,760

Transfers

27,695

144

1,407

-

3,981

-38,869

5,642

-

Disposals

Write-off of accumulated

-

depreciaton

975

2,689

-

-

-

-

-

3,664

Write off GBV

-17,489

-4,266

-2

-23

-2,955

-

-

-24,735

Revaluations

Write-off of accumulated

depreciaton

9,143

-

-

-

-

-

-

9,143

Change in certified valuations

511,937

-

950

21

9,464

-

-

522,372

Impairment losses due to revaluations

-

-

-

-

-

-

-

-

Impairment losses for past year

-

-

-

-

-

-

-

-

Depreciation for year

-35,825

-7,333

-11,794

-

-

-

-

-54,952

Written off to capital financing account

-

-

-

-

-

-

-19,686

-19,686

Net book value

at 31 March 2006

2,701,196

55,175

333,645

12,319

57,543

53,884

-

3,213,762

Gross Book Value at 31 March 2006

2,822,483

85,172

388,531

12,320

57,614

53,884

-

3,420,004

Accumulated depreciation/Impairment

-121,287

-29,997

-54,886

-1

-71

-

-

-206,242

Net Book Value at 31 March 2006

2,701,196

55,175

333,645

12,319

57,543

53,884

-

3,213,762

There was a net increase in asset values of £567.5m in 2005/06. This was the result of additions

in the year of £184.8m offset by deferred charges of £19.7m, and a net increase from revaluations

of £531.5m partly offset by depreciation of £55.0m, and disposals of £74.2m.

Deferred charges represent expenditure that has been capitalised but

does not add to the value of assets controlled by the County Council.

The expenditure in the year and the transfer from assets under construction

includes grants to third parties and capital payments on foundation

schools.

41

Foundation schools

The fixed assets of foundation schools are vested in the Governing Bodies of the

schools, so the value of the assets has not been included in this balance sheet.

On 31 March 2006 there were 20 foundation schools (2004/05 20 schools).

1b

Valuation

The freehold and leasehold properties of the Council's property portfolio have been

valued, under a rolling programme, by the Estates Practice of the Property,

Business and Regulatory Services Department of the County Council.

FRS15 requires the dates and amounts of valuations to be analysed across

each of the classes of assets carried at current value. No analysis is required

for assets valued at historic cost.

Valuation

Other land

Vehicles,

Infra-

Community Non-

year

and

plant and

structure

assets

operational

buildings

equipment

properties

£'000

£'000

£'000

£'000

£'000

Valued at historic cost

55,175

333,645

12,319

Valued at current value in

1994/95

653

72

1995/96

32

-

1996/97

26

26

1997/98

108

57

1998/99

2

13

1999/00

142

-

2000/01

2,489

5

2001/02

56,850

6,471

2002/03

197,831

13,883

2003/04

417,500

7,583

2004/05

448,181

3,981

2005/06

1,577,382

25,452

Total

2,701,196

55,175

333,645

12,319

57,543

42