Annual Report & Accounts 2007-2008 - Historic Scotland
Annual Report & Accounts 2007-2008 - Historic Scotland
Annual Report & Accounts 2007-2008 - Historic Scotland
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4. Commercial trading account<br />
<strong>2007</strong>/08 2006/07<br />
£000 £000<br />
Income from properties in care (note 2) 24,887 22,984<br />
Less Direct Costs<br />
Cost of goods sold 3,030 2,781<br />
Visitor services 8,124 7,474<br />
Marketing 2,292 2,072<br />
Purchasing 1,196 1,084<br />
Functions and events 416 438<br />
Membership 428 448<br />
Interpretation 60 101<br />
Education 149 142<br />
Banking charges 255 229<br />
Direct expenditure on presentation of properties 15,950 14,769<br />
Accommodation 3,284 2,928<br />
Central services 2,187 1,913<br />
Depreciation 643 678<br />
Notional charges 458 447<br />
Total expenditure on presentation of properties 22,522 20,735<br />
Net profit 2,365 2,249<br />
This note complies with guidance in the Scottish Public Finance Manual which requires<br />
disclosure of the income and expenditure relating to commercial activities.<br />
<strong>Historic</strong> <strong>Scotland</strong> charges for admission and operates other commercial activities at its<br />
properties in care. Commercial activities are required to make a contribution which<br />
supports the costs of conservation and maintenance of these properties.<br />
Direct expenditure on presentation of properties includes an apportionment of relevant<br />
overheads.<br />
REPORT & ACCOUNTS 61
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