Select Committee on Treasury Minutes of Evidence


APPENDIX II

Note 23

RECONCILIATION OF NET OPERATING COST TO CHANGES IN THE GENERAL FUND

MINISTRY


1998-99
1997-98
£000
£000
£000

Net Operating Cost
-745,414
-726,191
CFER
-14,029
-6,892
-759,443
-733,083
Net Parliamentary Funding
713,337
771,523
Transferred to General Fund of realised element of Revaluation Reserve
745
0
Transfer to General Fund—Asset Transfers
-134,028
Non-Cash charges:
  Cost of capital
30,902
51,828
  Early departure
6,069
  Other
261
37,232
13,580
Prior Period Adjustments
116,597
1,203
Net Increase in General Fund
-25,560
105,051
General Fund at 1 April 1998
429,961
324,910
General Fund at 31 March 1999
404,401
429,961


Note:

  Prior period adjustments cover the changes in policies in the Executive Agencies to bring them into line with the Resource Accounting Manual and also the inclusion of properties previously held by the core Department onto the Agency balance sheets, plus the adjustment shown below for the Department.

DEPARTMENT


1998-99
1997-98
£000
£000
£000

Net Operating Cost
-736,663
-729,271
CFER
-14,029
-6,892
-750,692
-736,163
Net Parliamentary Funding
737,735
761,517
Transferred to General Fund of realised element of Revaluation Reserve
745
0
Transfer to General Fund—Asset Transfers
-230,094
Non-Cash charges:
  Cost of capital
15,002
45,800
  Early departure
5,133
  Other
-11,853
8,282
11,510
Prior Period Adjustments
-1,624
0
Net Increase in General Fund
-235,648
82,664
General Fund at 1 April 1998
385,250
302,586
General Fund at 31 March 1999
149,602
385,250


Note:

  Prior period adjustments relate to the milk quota (£1,041k) and stocks (£583k) which should have been included in the balance sheet as at 31 March 1998.


 
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