Archived decisions

12a

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

Movement in 2006/07

Gross book value (GBV)

2,987,298

91,725

433,857

11,379

60,612

65,098

-

3,649,969

at 31 March 2007

Less accumulated

depreciation/impairment

-176,991

-36,976

-68,038

-1

-71

-

-

-282,077

Net book value of fixed assets

at 31 March 2007

2,810,307

54,749

365,819

11,378

60,541

65,098

3,367,892

Movement in 2007/08

Additions

79,419

8,332

40,966

860

3,381

34,141

9,968

177,067

Transfers NBV

-47

1,807

4,053

-786

8,298

-39,621

26,296

-

Disposals

Write-off of accumulated

-

depreciaton

2,619

364

-

-

-

-

-

2,983

Write-off GBV

-17,444

-403

-

-32

-42,506

-

-

-60,385

Revaluations

Write-off of accumulated

depreciaton

1,814

-

-

-

-

-

-

1,814

Change in certified valuations

264,953

-

-

32

37,908

-

-

302,893

Adjustments to prior year revaluations

-10,049

-

6

-28

-868

-

-

-10,939

Dep'n on CAA adjustments

676

-

-

-

-

-

-

676

Impairment losses due to revaluations

-11,021

-

-115

-

-312

-

-

-11,448

Dep'n on impairments

256

-

-

-

-

-

-

256

Impairment losses due to consumption

-

-

-

-

-

-

-

-

of economic benefit

Depreciation for year

-51,428

-8,005

-14,487

-

-

-

-

-73,920

Deferred charges written off

-

-

-

-

-

-

-36,264

-36,264

Net book value

at 31 March 2008

3,070,055

56,844

396,242

11,424

66,442

59,618

-

3,660,625

Gross Book Value at 31 March 2008

3,290,737

101,440

478,767

11,425

67,170

59,618

-

4,009,157

Accumulated depreciation/Impairment

-220,682

-44,596

-82,525

-1

-728

-

-

-348,532

Net Book Value at 31 March 08

3,070,055

56,844

396,242

11,424

66,442

59,618

-

3,660,625

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

51