Note 11 to the Departmental Resource Accounts
11. Property, plant and equipment
| Property, plant and equipment 2011 | Land £000 | Buildings excluding dwellings £000 | Leasehold Improvements £000 | Furniture and Fittings £000 | Information Technology £000 | Total £000 |
|---|---|---|---|---|---|---|
| Cost or valuation | ||||||
| At 1 April 2010 | 1,026 | 4,039 | 8,791 | 43,057 | 45,106 | 102,019 |
| Accrual adjustment (Note a) | - | - | (54) | - | (827) | (881) |
| Additions | - | - | 27 | 3,815 | 66 | 3,908 |
| Disposals (Note b) | - | - | (2,453) | (12,031) | (2,096) | (16,580) |
| Revaluation | (23) | (105) | (495) | 196 | (5,852) | (6,279) |
| At 31 March 2011 | 1,003 | 3,934 | 5,816 | 35,037 | 36,397 | 82,187 |
| Depreciation | ||||||
| At 1 April 2010 | - | - | 4,296 | 26,276 | 25,540 | 56,112 |
| Charged in year | - | 54 | 996 | 4,056 | 3,651 | 8,757 |
| Disposals (Note b) | - | - | (2,540) | (11,267) | (1,978) | (15,785) |
| Revaluation | - | (1) | (104) | 281 | (3,304) | (3,128) |
| At 31 March 2011 | - | 53 | 2,648 | 19,346 | 23,909 | 45,956 |
| Net book value at 31 March 2010 | 1,026 | 4,039 | 4,495 | 16,781 | 19,566 | 45,907 |
| Net book value at 31 March 2011 | 1,003 | 3,881 | 3,168 | 15,691 | 12,488 | 36,231 |
| Asset financing: | ||||||
| Owned | 1,003 | 3,881 | 3,168 | 15,691 | 867 | 24,610 |
| Finance Leased | - | - | - | - | - | - |
| On balance sheet PFI contracts | - | - | - | - | 11,621 | 11,621 |
| Net book value at 31 March 2011 | 1,003 | 3,881 | 3,168 | 15,691 | 12,488 | 36,231 |
| Property, plant and equipment 2010 | Land £000 | Buildings excluding dwellings £000 | Leasehold Improvements £000 | Furniture and Fittings £000 | Information Technology £000 | Total £000 |
|---|---|---|---|---|---|---|
| Cost or valuation | ||||||
| At 1 April 2009 | 964 | 3,798 | 7,631 | 39,053 | 35,277 | 86,723 |
| Additions | - | - | 903 | 4,079 | 6,330 | 11,312 |
| Disposals | - | - | - | - | (128) | (128) |
| Revaluation | 62 | 241 | 257 | (75) | 3,627 | 4,112 |
| At 31 March 2010 | 1,026 | 4,039 | 8,791 | 43,057 | 45,106 | 102,019 |
| Depreciation | ||||||
| At 1 April 2009 | - | 455 | 2,973 | 21,795 | 19,702 | 44,925 |
| Charged in year | - | 202 | 1,229 | 4,521 | 4,450 | 10,402 |
| Disposals | - | - | - | - | (5) | (5) |
| Revaluation | - | (657) | 94 | (40) | 1,393 | 790 |
| At 31 March 2010 | - | - | 4,296 | 26,276 | 25,540 | 56,112 |
| Net book value at 31 March 2009 | 964 | 3,343 | 4,658 | 17,258 | 15,575 | 41,798 |
| Net book value at 31 March 2010 | 1,026 | 4,039 | 4,495 | 16,781 | 19,566 | 45,907 |
| Asset financing: | ||||||
| Owned | 1,026 | 4,039 | 4,495 | 16,781 | 2,688 | 29,029 |
| Finance Leased | - | - | - | - | - | - |
| On balance sheet PFI contracts | - | - | - | - | 16,878 | 16,878 |
| Net book value at 31 March 2010 | 1,026 | 4,039 | 4,495 | 16,781 | 19,566 | 45,907 |
Reconciliation of additions to cash flows from investing activities shown in the Statement of Cash Flows
| Cash flow | Note | £000 |
|---|---|---|
| Additions of property, plant and equipment | 11 | 3,908 |
| Additions of intangible assets | 12 | 41 |
| Accrual adjustments (Note a) | 11 | (881) |
| Movement in capital creditors | 104 | |
| Movement in capital accruals | 1,245 | |
| Less additions of PFI contract assets | (37) | |
| Net cash out flow from investing activities | 4,380 |
Note a - The Leasehold Improvements accrual adjustment is due to a £50k accrual for improvement work to the Regatta Building in Lincoln being recognised in error in 2009-10. The reversal of the accrual in 2010-11 gave rise to a negative addition. The Information Technology accrual adjustment is due to an over-accrual of IT capital expenditure in 2009-10 for IT works to Rose Court, London.
Note b - In May 2010, the London Headquarters of the CPS relocated from Ludgate Hill to Rose Court, Southwark Bridge. During the move, assets with a carrying value of £604,092 were disposed of.
Freehold land and buildings were valued at 31 December 2009 at £4,975,000 on the basis of existing use value by an independent firm of Chartered Surveyors, DTZ. The valuations were undertaken in accordance with the UK Practice Statement 1.3 of the Royal Institution of Chartered Surveyors (RICS) Appraisal and Valuation Standards published 1 May 2003. At 31 March 2011 land and buildings were further revalued using indices consistent with those used in previous years. The Accounting Officer is not aware of any material changes in the carrying value of freehold land and buildings.
Other property, plant and equipment are revalued on the basis of latest available indices.
The majority of IT assets in use in the business are held under a PFI contract as detailed in Notes 1.11 and 22.
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