Select Committee on Public Accounts Minutes of Evidence


MINISTRY OF AGRICULTURE, FISHERIES AND FOOD

Annual Report and Accounts 1998-99

NOTES TO THE ACCOUNTS

20. Reserves

1998-99
1997-98
Revaluation
Reserve
Other
Reserves
Revaluation
Reserve
Other
Reserves
£000£000 £000£000

Balance at 1 April 1998447
Arising during the year296
Transferred from General Fund0

Balance at 31 March 1999743

The Revaluation Reserve represents the extent to which the operating capital of the department has increased other than through cash funding by Parliamentary Vote, i.e., as a result of holding gains and the effect of changing prices.



 
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