Based on the financial statements for the years ended 31
March:
| 1996/97 £'000 |
1997/98 £'000 |
1998/99 £'000 |
1999/00 £'000 |
2000/01 £'000 |
|
|---|---|---|---|---|---|
| Revenue | |||||
| Turnover | 154,039 | 160,076 | 173,645 | 187,202 | 204,885 |
| Direct operating costs | (25,452) | (20,732) | (23,064) | (25,130) | (26,661) |
| Gross surplus | 128,587 | 139,344 | 150,581 | 162,072 | 178,224 |
| Administrative expenses | (9,079) | (9,168) | (9,237) | (10,226) | (10,701) |
| Indirect operating expenses | – | – | – | – | – |
| Net revenue surplus | 102,955 | 113,209 | 125,774 | 132,885 | 147,740 |
| Consolidated Fund payment | 103,000 | 113,200 | 126,000 | 132,900 | 147,800 |
| Investment and owner occupied properties | 2,496,693 | 2,899,586 | 3,131,177 | 3,433,612 | 3,870,938 |
| Other fixed assets | 1,778 | 1,965 | 2,565 | 2,741 | 2,395 |
| Investments | 4,027 | 3,956 | 3,848 | 3,856 | 3,960 |
| Current assets | 123,720 | 134,920 | 188,117 | 205,450 | 146,581 |
| Current liabilities | (22,807) | (20,998) | (21,239) | (19,137) | (20,190) |
| Capital and reserves | 2,603,411 | 3,019,429 | 3,304,468 | 3,626,522 | 4,003,684 |
| 2001/02 £'000 |
2002/03* £'000 |
2003/04 £'000 |
2004/05 £'000 |
2005/06 £'000 |
|
|---|---|---|---|---|---|
| Revenue | |||||
| Turnover | 223,537 | 230,039 | 237,779 | 245,444 | 252,341 |
| Direct operating costs | (30,176) | (27,320) | (30,201) | (31,953) | (31,613) |
| Gross surplus | 193,361 | 202,719 | 207,578 | 213,491 | 220,728 |
| Administrative expenses | (10,743) | (11,347) | (11,031) | (11,746) | (12,321) |
| Indirect operating expenses | – | – | (887) | (2,007) | (1,030) |
| Net revenue surplus | 163,339 | 171,053 | 176,930 | 184,811 | 190,817 |
| Consolidated Fund payment | 163,500 | 170,800 | 173,000 | 185,700 | 188,000 |
| Investment and owner occupied properties | 4,032,640 | 4,067,438 | 4,408,872 | 4,812,024 | 5,685,395 |
| Other fixed assets | 2,133 | 2,132 | 2,236 | 3,209 | 4,577 |
| Investments | 3,994 | 3,976 | 4,101 | 5,106 | 5,059 |
| Current assets | 167,017 | 185,371 | 214,134 | 306,731 | 287,198 |
| Current liabilities | (25,956) | (39,817) | (36,120) | (36,645) | (45,631) |
| Capital and reserves | 4,179,828 | 4,219,100 | 4,593,223 | 5,090,425 | 5,936,598 |
*The above note to the financial statements has been re-stated to
take account of the adoption of FRS 17.