MINISTRY OF AGRICULTURE, FISHERIES AND FOOD
Annual Report and Accounts 1998-99
NOTES TO
THE ACCOUNTS
4. Fixed Assets
4.1 Tangible
|
| Land and buildings | Plant and equipment
| IT equipment | Furniture and fittings
| Vehicles | Vessels | Total
|
| £000 | £000
| £000 | £000 | £000
| £000 | £000 |
|
| Cost or Valuation | |
| | |
| | |
| At 1 April 1998 | 121,260 |
31,827 | 20,395 | 4,092
| 5,260 | 25,164 | 207,998
|
| Additions | 914 | 2,416
| 3,206 | 2,787 | 2,963
| 16,046 | 28,342 |
| Donations | 0 | 0
| 0 | 0 | 0 |
0 | 0 |
| Disposals | -47 | -573
| -105 | -44 | -271
| 0 | -1,040 |
| Revaluations | 0 | 379
| -257 | 9 | 121
| 117 | 369 |
|
| At 31 March 1999 | 122,127 |
34,049 | 23,239 | 6,844
| 8,073 | 41,337 | 235,669
|
|
| Depreciation | |
| | | |
| |
| At 1 April 1998 | 5,397 | 16,694
| 7,656 | 1,921 | 3,066
| 9,839 | 44,573 |
| Charged in Year | 180 | 3,274
| 2,151 | 382 | 489
| 1,814 | 8,290 |
| Disposals | -28 | -477
| -66 | -36 | -264
| 0 | -871 |
| Revaluation | 0 | 219
| -229 | 2 | 70
| 12 | 74 |
|
| At 31 March 1999 | 5,549 |
19,710 | 9,512 | 2,269
| 3,361 | 11,665 | 52,066
|
| | |
| | | |
|
| Net Book Value at 31 March 1999 | 116,578
| 14,339 | 13,727 | 4,575
| 4,712 | 29,672 | 183,603
|
|
| At 31 March 1998 | 115,863 |
11,559 | 12,390 | 2,171
| 2,173 | 15,325 | 159,481
|
|
Note: Freehold land and buildings were revalued on 30 June 1995 by the Valuation Office, on the basis open market value for existing use. Other tangible assets have been valued at cost at the time of purchase or at take-on to the Asset Register and all assets have since been revalued using the latest available indices. The Ministry's premises in London, York, Guildford and other places are Civil Estate property on which the Department pays a capital charge in its capacity as major occupier. The Minister holds certain agricultural properties referred to as "The Minister's Estate" and are included in the above. The figures do not include the new CSL laboratory which is currently being valued.
|
4.2 Investments
|
| Quantity | Original cost
£
| Market value
£ |
|
| Genus Limited Ordinary 10p shares | 44,272
| | |
| Milk Marque Limited Certificates | 47,361
| | |
| Dairy Crest plc Ordinary 10p shares | 12,983
| | |
| | |
|
| The following rights are also held |
| | |
| Grain Storage rights | 4,000 tonnes
| | |
| Milk Quota | 2,000 litres |
| |
| Sugar Beet Quota | 1,725 tonnes
| | |
|
| Total | |
| |
|
|
|
