Annual Report and Accounts - The Great Western Hospital

Great Western Hospitals NHS Foundation Trust
Accounts for the year ended 31 March 2012
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2012
Restated Restated Restated
31 March 31 March 1 April
2012 2011 2010
Notes £000 £000 £000
Non-Current Assets
Intangible assets 13 1,162 1,170 612
Property, Plant and Equipment 14 179,122 183,018 182,725
Trade & Other Receivables 17 1,733
Total non-current assets 180,284 184,188 185,070
Current Assets
Inventories 16 4,839 3,820 3,156
Trade and other receivables 17 13,577 8,335 11,095
Cash and cash equivalents 19 14,482 11,223 12,181
Total current assets 32,898 23,379 26,432
Current Liabilities
Trade and Other Payables 20 (22,970) (18,652) (19,102)
Borrowings 22 (4,533) (1,425) (3,004)
Provisions 23 (565) (350) (1,434)
Tax Payable 21.1 (1,788) (1,324)
Other liabilities 21 (1,425) (1,016) (1,491)
Total current liabilities (31,281) (22,766) (25,031)
Total assets less current liabilities 181,901 184,801 186,472
Non-Current Liabilities
Trade and Other Payables 20 (412) 0 (593)
Borrowings 22.2 (128,133) (132,036) (133,118)
Provisions 23 (4,686) (4,495) (4,132)
Other Liabilities 21 (1,816) (1,930) (2,044)
Total non-current liabilities (135,047) (138,461) (139,886)
Total assets employed 46,854 46,340 46,586
Financed by Taxpayers' Equity
Public dividend capital 27,111 27,111 27,111
Revaluation reserve 18,529 18,551 18,551
Income and expenditure reserve 1,214 678 925
Total taxpayers' equity 46,854 46,340 46,586
Note:
The Balance Sheet has been restated from 1st April 2010 following a change in accounting treatment for Donated Asset Reserve and Government
Grant Reserve.
These Reserves were previously held separately in Taxpayers Equity and were released over the life of the assets to which they related.
The revised accounting treatment is to charge the costs to the Statement of Comprehensive Income in the year in which the asset/liability arises.
The impact on the Statement of Financial Position is that any balances held in these reserves now form part of the Income and Expenditure
Reserve.
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