Archived decisions

There was a net increase in asset values of £292.7 million in 2007/08. This was the result of additions

in the year of £177.1 million offset by deferred charges of £36.3 million, and a net increase from revaluations

of £304.7 million partly offset by depreciation and impairments of £85.1 million, disposals of £57.4 million

and adjustments to prior year revaluations of £10.3 million.

Deferred charges represent expenditure that has been capitalised but does not add to the value of assets controlled

by the County Council. In 2007/08 deferred charges include the transfer of assets to Cowplain Community School as

it became a foundation school during the year and also the transfer of assets to The Sir Harold Hillier Gardens and

Arboretum registered charity. The expenditure in the year and the transfer from assets under construction includes

grants to third parties and capital payments to 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 2008 there were 21 foundation schools (20 in 2006/07).

Aided schools

The fixed assets of Aided 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 2008 there were 56 aided schools (56 in 2006/07).

12b

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

56,844

396,242

11,424

Valued at current value in

2002/03

1,041

173

2003/04

319,874

4,885

2004/05

388,087

3,481

2005/06

689,647

16,015

2006/07

517,317

15,525

2007/08

1,154,089

26,363

Total

3,070,055

56,844

396,242

11,424

66,442

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