Archived decisions

Notes to the Statement of Movements in Reserves

 

 

 

1. Movements in realised capital resources

Useable Capital Receipts

2004/05

2005/06

£'000

£'000

Amounts receivable during the year

42

77

Amounts applied to finance new capital

0

-97

investment during the year

 

 

Total increase/decrease in realised

42

-20

capital resources

Balance brought forward at 1 April

0

42

Balance carried forward at 31 March

42

22

The useable capital receipts reserve is a cash-backed reserve.

Fixed Asset Restatement Account

2004/05

2005/06

£'000

£'000

2. Movements in unrealised value of fixed assets

Gains/losses on revaluation of fixed assets

during the year

-27,254

0

Impairment losses on fixed assets due to

general changes in prices

0

0

 

 

Total increase/decrease in unrealised

-27,254

0

capital resources

3. Value of assets sold, disposed of or

decommissioned

Amounts written off fixed asset balances for

disposals in year

27

0

Total movement on account during year

-27,227

0

Balance brought forward at 1 April

-56,854

-84,081

Balance carried forward at 31 March

-84,081

-84,081

The fixed asset restatement account relates to the valuation of existing capital assets and is

therefore not cash-backed.

Notes to the Statement of Movements in Reserves continued...

 

 

4. Movements in amounts set aside to finance capital investment

Capital Financing Account

2004/05

2005/06

£'000

£'000

Capital receipts set aside in year:

- reserved receipts

0

0

- useable receipts applied

0

97

Total capital receipts set aside during year

0

97

Revenue resources set aside in year:

- capital expenditure financed from revenue

0

1,978

- reconciling amount for provisions for loan

repayment

-1,243

-1,793

Total revenue resources set aside during year

-1,243

185

Total movement on account during year

-1,243

282

Balance brought forward at 1 April

-2,756

-3,999

Balance carried forward at 31 March

-3,999

-3,717

The capital financing account relates to the financing of existing capital assets and is therefore

not cash-backed.

5. Net actuarial gain/(loss) on pensions

The actuarial gains and losses identified as movements on the Pensions Reserve can be analysed

into the following categories measured as absolute amounts and as a percentage of assets or

liabilities as at 31 March 2006:

(a) Local Government Pension Scheme:

2002/03

2003/04

2004/05

2005/06

£000

%

£000

%

£000

%

£000

%

Differences between

-2,030

3.4

790

9.9

450

3.9

1,980

13.0

the expected

and actual return

on assets.

Differences between

10

0.1

0

0.0

910

4.7

0

0.0

actuarial assumptions

about liabilities and

actual experience

Changes in assumptions

-20

-0.2

10

0.1

-3,620

-18.7

-1,790

-7.7

underlying the

present value of

pension liabilities

-2,040

800

-2,260

190

(b) Firefighters' Pension Scheme:

2002/03

2003/04

2004/05

2005/06

£000

%

£000

%

£000

%

£000

%

Differences between

1,320

0.6

-3,990

-1.6

-140

-0.1

16,200

4.7

actuarial assumptions

about liabilities and

actual experience

Changes in assumptions

-80

0.0

160

0.1

-51,860

-16.6

-32,950

-9.5

underlying the

present value of

pension liabilities

1,240

-3,830

-52,000

-16,750

Total net actuarial gain/

-800

-3,030

-54,260

-16,560

(loss) on pensions