Archived decisions
15 |
Financial Instruments |
|||||||||
In accordance with Financial Reporting Standard (FRS) 26, Financial Instruments: |
||||||||||
Recognition and Measurement, the balance sheet includes the following categories |
||||||||||
of financial instruments: |
||||||||||
Long-term |
Current | |||||||||
31 March |
31 March | |||||||||
see note |
2008 |
2008 | ||||||||
£'000 |
£'000 | |||||||||
Loans and receivables: |
||||||||||
Long-term debtors |
15a |
1,363 |
||||||||
Debtors |
15b |
63,190 | ||||||||
Short-term investments |
15c |
162,794 | ||||||||
Payments in advance |
- |
6,527 | ||||||||
Loans and receivables |
1,363 |
232,511 | ||||||||
Financial liabilities at amortised cost: |
||||||||||
Long-term borrowing |
15d |
-324,782 |
||||||||
Short-term borrowing |
15e |
-65,929 | ||||||||
Deposits |
15h |
-2,796 | ||||||||
Creditors |
15i |
-133,883 | ||||||||
Receipts in advance |
15j |
-65,627 | ||||||||
Developers' contributions |
15g |
-31,599 |
||||||||
Financial liabilities at amortised cost |
-356,381 |
-268,235 | ||||||||
15a |
Long-term debtors |
|||||||||
31 March |
31 March | |||||||||
2007 |
2008 | |||||||||
£'000 |
£'000 | |||||||||
Car loans to staff |
712 |
676 | ||||||||
Home Computer Salary Sacrifice Scheme |
569 |
236 | ||||||||
Other |
320 |
451 | ||||||||
1,601 |
1,363 | |||||||||
Transferred debt |
43,404 |
41,435 | ||||||||
45,005 |
42,798 | |||||||||
Transferred debt represents amounts of capital advances due to be repaid | ||||||||||
after statutory transfers of former services to independent bodies. These are not | ||||||||||
financial instruments and are shown at the book value of the amount outstanding. | ||||||||||
£38.9 million remains to be repaid by the cities of Portsmouth and Southampton, | ||||||||||
and £2.5m by Hampshire Police Authority. The Higher Education Funding | ||||||||||
Council debt was repaid in 2007/08. |
||||||||||
55 |
||||||||||