Select Committee on Environment, Transport and Regional Affairs Appendices to the Minutes of Evidence


Annex C

INCOME AND EXPENDITURE ACCOUNT: 1994-2000

  
1994-95
1995-96
1996-97
1997-98
1998-99
1999-2000
  
£'000
£'000
£'000
£'000
£'000
£'000
Income
Income from Operations
50,517
51,334
54,380
57,559
65,119
69,229
Surplus on Sale of Property
0
0
0
800
0
0
Prior years earned income*
0
0
0
0
982
0
Total Income
50,517
51,334
54,380
58,359
66,101
69,229
Expenditure
Staff Costs
-30,670
-29,832
-31,146
-33,408
-35,333
-39,249
Early retirement scheme costs
-4,383
-1,219
79
-250
-307
-289
Depreciation
-3,182
-3,225
-3,409
-2,637
-2,852
-4,999
Other operating charges
-14,258
-15,072
-16,242
-17,575
-19,982
-20,387
Interest payable
-1,730
-1,730
-1,830
-1,825
-1,820
-1,890
Dividend payable
-1,203
-256
-498
-639
-884
-1,144
Total Expenditure
-55,426
-51,334
-53,046
-56,334
-61,178
-67,958
Retained surplus for the year
**-4,909
0
1,334
2,025
4,923
1,271
Retained surplus brought forward
6,240
1,331
1,331
2,665
***5,639
10,562
Retained surplus carried forward
1,331
1,331
2,665
4,690
10,562
11,833


  *VI had in prior years completed work for DETR above the agreed levels. This payment was in recognition of the work being completed.

  **Due to provision being made for the cost of the early retirement scheme.

  *** Due to changes in accounting standards (FRS 12), VI's insurance provision had been written back to I&E reserve £949,000.


 
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