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Notes to the Statement of Total Movements in Reserves
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Notes to the Statement of Total Movements in Reserves
1.Movements in revenue resources
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County fund balance
£000
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Earmarked revenue reserves
£000
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Pensions reserve
£000
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Deferred
premium
£000
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Balance brought forward at 1 April 2005
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33,762
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12,062
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(203,460)
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(6,638)
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Surplus
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593
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Appropriations (to)/from revenue
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6,979
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(6,398)
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Actuarial losses relating to pensions
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(4,602)
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Adjustment to opening position
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4,760
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Amortisation of deferred premium
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246
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Premiums paid
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479
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Total movements in revenue resources
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593
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6,979
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(6,240)
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725
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Balance carried forward at 31 March 2006
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34,355
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19,041
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(209,700)
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(5,913)
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2.Movements in realised capital resources
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Usable capital receipts
£000
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Unapplied capital grants
and contributions
£000
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Balance brought forward at 1 April 2005
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4,512
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9,572
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Amounts receivable
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3,813
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Amounts applied to finance new capital investments
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(5,967)
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Grants and Contributions received
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174
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Interest
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358
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Transfer to Grants Deferred
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(2,444)
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Total (decrease) in realised capital resources
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(2,154)
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(1,912)
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Balance carried forward at 31 March 2005
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2,358
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7,660
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3.Movements in unrealised value of fixed assets
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Fixed asset
restatement account
£000
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Balance brought forward at 1 April 2005
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284,577
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Gains on revaluation of fixed assets Expenditure not increasing valuation of assets
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54,008 (36,879)
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Total increase in unrealised capital resources
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17,129
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Amounts written off fixed asset balances for disposals
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(1,566)
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Transfer of Magistrates Courts' assets to HMCS
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(2,932)
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Total movement on reserve
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12,631
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Balance carried forward at 31 March 2006
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297,208
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4. Movements in amounts set aside to finance capital investment
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Capital financing
account
£000
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Grants and
contributions
deferred
£000
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Balance brought forward at 1 April 2005
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147,675
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43,504
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Total capital receipts applied to finance capital expenditure
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5,967
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Revenue resources set aside:
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Capital expenditure financed from revenue and reserves
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1,532
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Reconciliation of amount required for repayment of external loans
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(12,764)
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Other movements in reserves:
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Principal repayment under deferred purchase
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150
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Principal repayments of transferred debt
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(2,559)
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Financing of ESPO warehouse by loan
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12,500
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Transfer of Magistrates Courts to HMCS
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(8,005)
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Total revenue resources set aside
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(9,146)
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Grants applied to capital investment
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28,140
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Amounts credited to the asset management revenue account
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775
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(775)
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Transfer of Magistrates Courts to HMCS
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(1,627)
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Income relating to expenditure on deferred charges
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(575)
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Movement on government grants deferred
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25,163
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Write off from government grants deferred
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16,472
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(16,472)
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Total increase in amounts set aside to finance capital investment
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14,068
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8,691
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Balance carried forward at 31 March 2006
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161,743
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52,195
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5. The actuarial gains/losses identified as movements on the Pensions Reserve in 2005/06 can be analysed into the following categories, measured as absolute amounts and as a percentage of assets or liabilities.
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2002/03
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2002/03
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2003/04
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2003/04
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2004/05
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2004/05
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2005/06
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2005/06
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£000
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%
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£000
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%
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£000
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%
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£000
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%
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Difference between the expected and actual return on assets
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(133,666)
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(32.9)
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76,630
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15.0
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19,270
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3.4
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96,200
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13.8
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Difference between actuarial assumptions about liabilities and actual experience
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(268)
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(0.3)
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(2,180)
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(0.3)
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16,204
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2.1
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(902)
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(0.1)
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Changes in the demographic and financial assumptions used to estimate liabilities
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(124,970)
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(16.2)
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(99,900)
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(11,0)
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(133,934)
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74,450
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(89,496)
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(4,602)
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