Reports and Financial statements 2009 - the University Offices ...

Notes to the accounts
25 Reserves
Group Operational Fixed asset
property investment
General revaluation revaluation 2009 2008
reserves reserve reserve Total Total
£m £m £m £m £m
Restated
Balance 1 August 756.7 151.4 65.2 973.3 1,058.2
Surplus retained for the year 4.0 – – 4.0 36.8
Actuarial (loss)/gain (94.5) – – (94.5) (82.3)
Transfer in respect of depreciation on revalued
operational properties 6.2 (6.2) – – –
Transfer in respect of disposals of fixed asset
investments 16.6 – (16.6) – –
Gain/(loss) arising on foreign currency translation 3.6 – – 3.6 2.0
(Decrease)/increase in market value of
investments – – (15.7) (15.7) (41.4)
Balance 31 July 692.6 145.2 32.9 870.7 973.3
Reserves are reduced by the net liabilities
in respect of retirement benefits
Reserves before net liabilities in respect of
retirement benefits 965.3 145.2 32.9 1,143.4 1,131.3
Effect of net pension liability (see note 21) (258.0) – – (258.0) (158.0)
Effect of liability for other retirement benefits
(see note 22) (14.7) – – (14.7) –
Reserves balance at 31 July 692.6 145.2 32.9 870.7 973.3
University
Operational Fixed asset
property investment
General revaluation revaluation 2009 2008
reserves reserve reserve Total Total
£m £m £m £m £m
Restated
Balance 1 August 744.7 151.4 36.9 933.0 967.1
Surplus retained for the year 11.1 – – 11.1 17.3
Actuarial (loss)/gain (31.3) – – (31.3) (24.7)
Transfer in respect of depreciation on revalued
operational properties 6.2 (6.2) – – –
Transfer in respect of disposals of fixed asset
investments 14.4 – (14.4) – –
Gain/(loss) arising on foreign currency translation 1.0 – – 1.0 1.6
(Decrease) / increase in market value of
investments – – (4.0) (4.0) (28.3)
Balance 31 July 746.1 145.2 18.5 909.8 933.0
The analysis of movements in reserves for the year ended 31 July 2008 has been restated on the
same basis as that for the current year (see note 7).
Reports and Financial Statements 93