2011/2012 audited annual accounts - Falkirk Council
2011/2012 audited annual accounts - Falkirk Council
2011/2012 audited annual accounts - Falkirk Council
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19. PFI Schemes and Similar Contracts<br />
FALKIRK COUNCIL<br />
NOTES TO THE CORE FINANCIAL STATEMENTS<br />
Class 98<br />
<strong>Falkirk</strong> Schools<br />
Gateway Ltd <strong>2011</strong>/12<br />
£’000 £’000 £’000<br />
(a) Movement in Assets<br />
Balance as at 1 April <strong>2011</strong> 99,638 116,556 216,194<br />
Net Additions during year - - -<br />
Revaluation - - -<br />
Depreciation (2,465) (2,833) (5,298)<br />
Net Book Value 31 March <strong>2012</strong> 97,173 113,723 210,896<br />
(b) Movement in Liabilities<br />
Balance as at 1 April <strong>2011</strong> 50,545 100,462 151,007<br />
Additions during year - - -<br />
Repaid during year (1,648) (13,578) (15,226)<br />
Balance as at 31 March <strong>2012</strong> 48,897 86,884 135,781<br />
of which<br />
Current 2,502 2,038 4,540<br />
Long Term 46,395 84,846 131,241<br />
48,897 86,884 135,781<br />
Service<br />
Finance<br />
Lease<br />
Charges Interest Repayment <strong>2011</strong>/12<br />
£’000 £’000 £’000 £’000<br />
(c) Estimated Future Unitary Payment Obligations<br />
Basic Annual Payments – Class 98<br />
Within one year 2,722 7,797 2,502 13,021<br />
In the second to fifth years inclusive 16,673 27,421 8,724 52,818<br />
In the sixth to tenth years inclusive 19,598 29,795 18,328 67,721<br />
In the eleventh to fifteenth years inclusive 10,124 16,129 19,343 45,596<br />
49,117 81,142 48,897 179,156<br />
The figures shown above for the Basic Annual Payment assume an indexation rate of 0% on a fixed part of the Basic Annual<br />
Payment with the balance indexed at 3% per annum as per the operator’s financial model.<br />
80<br />
Service<br />
Finance<br />
Lease<br />
Charges Interest Repayment <strong>2011</strong>/12<br />
£’000 £’000 £’000 £’000<br />
Basic Annual Payments – <strong>Falkirk</strong> Schools Gateway Ltd<br />
Within one year 3,425 5,978 2,038 11,441<br />
In the second to fifth years inclusive 15,835 24,566 8,296 48,697<br />
In the sixth to tenth years inclusive 22,809 32,284 12,947 68,040<br />
In the eleventh to fifteenth years inclusive 31,699 32,433 12,848 76,980<br />
In the sixteenth to twentieth years inclusive 39,333 32,853 14,911 87,097<br />
In the twenty first to twenty fifth years inclusive 42,791 35,255 20,496 98,542<br />
In the twenty sixth to twenty ninth year inclusive 15,092 19,940 15,348 50,380<br />
170,984 183,309 86,884 441,177<br />
The figures shown above for the Basic Annual Payment assume an indexation rate of 2.5% as per the operator’s financial<br />
model.
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