2011/2012 audited annual accounts - Falkirk Council

33.(a) Financial Instruments Adjustment Account
FALKIRK COUNCIL
NOTES TO THE CORE FINANCIAL STATEMENTS
2010/11 2011/12
£’000 £’000
De-recognition of Premiums from Debt Restructuring 5,678 5,362
Annual Amortisation (316) (316)
5,362 5,046
De-recognition of Discounts from Debt Restructuring (288) (281)
Annual Amortisation 7 7
(281) (274)
Re-measurement of Market LOBO’s 1,999 1,975
Annual Amortisation (24) (28)
1,975 1,947
Disclosure of Financial Assets and Liabilities from 1 April 2010
33.(b)(i) Financial Instruments Balances
88
7,056 6,719
The borrowings and investments disclosed in the Balance Sheet are made up of the following categories of financial
instruments:-
Long-Term Current
31/03/11 31/03/12 31/03/11 31/03/12
£’000 £’000
£’000
£’000
Financial liabilities (principal amount) 148,211 127,630 11,134 20,682
Financial liabilities at amortised cost 149,922 129,311 13,266 22,959
Loans and receivables (principal amount) - - 10,352 101
Loans and receivables at amortised cost - - 10,355 102
Unquoted investments at cost 9,340 9,340 - -
The Council does not have any soft loans.
33.(b)(ii) Financial Instruments Gains/Losses
The gains and losses recognised in the Comprehensive Income and Expenditure Statement in relation to financial
instruments are made up as follows:
Financial
Financial
Liabilities
Liabilities
Measured at
Assets
Amortised
Loans and
Cost
Receivables
Total
£’000
£’000
£’000
Interest Expense (8,743) - (8,743)
Interest Income - 582 582
Net gain/(loss) for the year (8,743) 582 (8,161)