Archived decisions

10a

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 (GBV)

2,836,143

85,172

388,531

12,320

57,614

53,884

-

3,433,664

at 31 March 2006

Less accumulated

depreciation/impairment

-134,947

-29,997

-54,887

-1

-71

-

-

-219,903

Net book value of fixed assets

at 31 March 2006

2,701,196

55,175

333,644

12,319

57,543

53,884

3,213,761

Movement in 2006/07

Additions

72,467

7,557

39,802

403

4,501

43,579

4,916

173,225

Transfers

17,550

294

4,506

-67

5,674

-32,365

4,408

-

Disposals

Write-off of accumulated

-

depreciaton

3,463

1,005

-

-

-

-

-

4,468

Write-off GBV

-20,410

-1,298

-111

-1,254

-5,670

-

-

-28,743

Revaluations

Write-off of accumulated

depreciaton

3,098

-

-

-

-

-

-

3,098

Change in certified valuations

78,305

-

1,129

-23

-1,507

-

-

77,904

Impairment losses due to revaluations

-238

-

-

-

-

-

-

-238

Impairment losses for past year

-

-

-

-

-

-

-

-

Depreciation for year

-48,474

-7,984

-13,151

-

-

-

-

-69,609

Written off to capital financing account

-

-

-

-

-

-

-9,324

-9,324

Net book value

at 31 March 2007

2,806,957

54,749

365,819

11,378

60,541

65,098

-

3,364,542

Gross Book Value at 31 March 2007

2,987,101

91,725

433,857

11,379

60,612

65,098

-

3,649,772

Accumulated depreciation/Impairment

-180,144

-36,976

-68,038

-1

-71

-

-

-285,230

Net Book Value at 31 March 2007

2,806,957

54,749

365,819

11,378

60,541

65,098

-

3,364,542

There was a net increase in asset values of £150.8 million in 2006/07. This was the result of additions

in the year of £173.2 million offset by deferred charges of £9.3 million, and a net increase from revaluations

of £81 million partly offset by depreciation of £69.8 million, and disposals of £24.3 million.

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.

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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 2007 there were 20 foundation schools ( 20 schools in 2005/06).

10b

Valuation of assets

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-

and

plant and

structure

assets

operational

buildings

equipment

properties

£'000

£'000

£'000

£'000

£'000

Valued at historic cost

54,749

365,819

11,378

Valued at current value in

2001/02

39

5

2002/03

169,020

7,194

2003/04

376,836

7,680

2004/05

405,887

3,557

2005/06

1,253,365

23,924

2006/07

601,810

18,181

Total

2,806,957

54,749

365,819

11,378

60,541

45