Note 11 to the Departmental Resource Accounts
11. Property, plant and equipment
| Property, plant and equipment 2011 | Land £000 | Buildings £000 | Leasehold Improvements £000 | Furniture and Fittings £000 | Information Technology £000 | Total £000 |
|---|---|---|---|---|---|---|
| Cost or valuation | ||||||
| At 1 April 2011 | 1,003 | 3,934 | 5,816 | 35,037 | 36,3976 | 82,187 |
| Additions | - | - | - | 778 | 10 | 788 |
| Disposals | - | - | (944) | (6,509) | (135) | (7,588) |
| Revaluation | (46) | (182) | (18) | 421 | 40 | 215 |
| At 31 March 2012 | 957 | 3,752 | 4,854 | 29,727 | 36,312 | 75,602 |
| Depreciation | ||||||
| At 1 April 2011 | - | 53 | 2,648 | 19,346 | 23,909 | 45,956 |
| Charged in year | - | 50 | 677 | 3,603 | 3,375 | 7,705 |
| Disposals) | - | - | (715) | (6,011) | (125) | (6,851) |
| Revaluation | - | (2) | (9) | 216 | 25 | 230 |
| At 31 March 2012 | - | 101 | 2,601 | 17,154 | 27,184 | 47,040 |
| Net book value at 31 March 2011 | 1,003 | 3,881 | 3,168 | 15,691 | 12,488 | 36,231 |
| Net book value at 31 March 2012 | 957 | 3,651 | 2,253 | 12,573 | 9,128 | 28,562 |
| Asset financing: | ||||||
| Owned | 957 | 3,651 | 2,253 | 12,573 | 402 | 19,836 |
| Finance Leased | - | - | - | - | - | - |
| On balance sheet PFI contracts | - | - | - | - | 8,726 | 8,726 |
| Net book value at 31 March 2012 | 957 | 3,651 | 2,253 | 12,573 | 9,128 | 28,562 |
| 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 2010 | 1,026 | 4,039 | 8,791 | 43,057 | 45,106 | 102,019 |
| Accrual adjustment | - | - | (54) | - | (827) | (881) |
| Additions | - | - | 27 | 3,815 | 66 | 3,908 |
| Disposals | - | - | (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 | - | - | (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 |
| Carrying amount at 31 March 2010 | 1,026 | 4,039 | 4,495 | 16,781 | 19,566 | 45,907 |
| Carrying amount 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 |
| Carrying amount at 31 March 2011 | 1,003 | 3,881 | 3,168 | 15,691 | 12,488 | 36,231 |
Reconciliation of additions to cash flows from investing activities shown in the Statement of Cash Flows
| Description | Note | 2011-12 £000 |
2010-11 £000 |
|---|---|---|---|
| Additions of property, plant and equipment | 10 | 788 | 3,908 |
| Additions of intangible assets | 11 | - | 41 |
| Accruals adjustment | - | (881) | |
| Movement in capital creditors | (109) | 104 | |
| Movement in capital accruals | 516 | 1,245 | |
| Less: Proceeds of disposal | (1) | - | |
| Less: additions of PFI contract assets | - | (37) | |
| Net cash outflow from investing activities | 1,194 | 4,380 |
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 registered office is 125 Old Broad Street, London, EC2N 2BQ. 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 2012 land and buildings were further revalued using indices calculated by the Investment Property Databank and are 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 using the Producer Price indices published by the Office for National Statistics on 15 March 2012.
The majority of IT assets in use in the business are held under a PFI contract as detailed in Notes 1.11 and 21.
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