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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20. Leasing commitments<br />
Operating leases<br />
<strong>Annual</strong> commitments as at 31 March <strong>2008</strong> under non-cancellable operating leases are as<br />
follows:<br />
<strong>2007</strong>/08 2006/07<br />
£000 £000<br />
Operating leases which expire within one year 63 70<br />
In the second to fifth year inclusive 162 86<br />
Over five years 815 880<br />
1,040 1,036<br />
The majority of the operating leases are for properties.<br />
Finance leases<br />
There are no finance leases in operation.<br />
21. Movement in general fund<br />
<strong>2007</strong>/08 2006/07<br />
£000 £000<br />
Opening balance at 1 April <strong>2007</strong> 14,362 14,480<br />
Deficit for the financial year (50,521) (43,099)<br />
Scottish Government funding 48,500 41,622<br />
Cash spent in excess of drawdown, but not funded from<br />
Scottish Government in <strong>2007</strong>/08 483 294<br />
Realised element of the revaluation reserve 83 157<br />
Adjustment of fixed asset balance (240) 24<br />
Transfer to Donated Asset Reserve (101) -<br />
Notional charges 942 884<br />
Closing balance at 31 March <strong>2008</strong> 13,508 14,362<br />
REPORT & ACCOUNTS 71
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