Finance
Last updated:Ìý8 july, 2009 - 13:10 GMT
10. Provision for liabilities
|
Dilapi- dations £³¾ |
Restru- cturing £³¾ |
Ìý |
Other £³¾ |
Ìý |
Total £³¾ |
Ìý | |
|---|---|---|---|---|---|---|---|
| At 1 April 2008 | 3.6 | 5.6 | Ìý | 0.2 | Ìý | 9.4 | Ìý |
| Utilised during the year | - | (5.0 | ) | (0.1 | ) | (5.1 | ) |
| Released during the year | - | (0.7 | ) | - | Ìý | (0.7 | ) |
| Charge for the year | 0.1 | 5.2 | Ìý | 0.6 | Ìý | 5.9 | Ìý |
| At 31 March 2009 | 3.7 | 5.1 | Ìý | 0.7 | Ìý | 9.5 | Ìý |
The dilapidations provision represents a liability to restore Bush House to its original condition on the future move of Â鶹¹ÙÍøÊ×Ò³Èë¿Ú World Service to Broadcasting House in London, W1. The liability falls due on 25 December 2013. The charge increases each year index linked to RPI subject to a collar of 2% and a cap of 4%. The dilapidations provision will be funded from capital Grant-in-Aid when it crystallises, therefore the £0.1 million charge applied to this provision is included in the capital reserve transfer in note 11.
Restructuring provisions utilised during the year include £0.3 million of exceptional provisions made in prior years relating to restructuring at Â鶹¹ÙÍøÊ×Ò³Èë¿Ú World Service (2008: £1.2 million). There were no new exceptional items in 2009 (2008: nil).
Annual review 2008/09
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