Annual Report and Accounts 2012/13 - Royal Devon & Exeter Hospital

ROYAL DEVON AND EXETER NHS FOUNDATION TRUST - ANNUAL ACCOUNTS 2012/13
STATEMENT OF CHANGES IN TAXPAYERS' EQUITY FOR THE YEAR ENDED 31 MARCH 2013
Public dividend
capital
Revaluation
reserve
Income and
expenditure
reserve
Total
£000 £000 £000 £000
Taxpayers' equity at 1 April 2011 149,715 60,772 48,076 258,563
Surplus for the year - - 3,030 3,030
Transfers to the income and expenditure account in respect of assets
disposed of - (15) 15 -
Public Dividend Capital received
21 - - 21
Transfer of the excess of current cost depreciation over historical cost
depreciation to the income and expenditure reserve - (1,804) 1,804 -
Taxpayers' equity at 31 March and 1 April 2012 149,736 58,953 52,925 261,614
Surplus for the year excluding property impairment charge - - 1,259 1,259
Property impairment charge - - (22,839) (22,839)
Revaluations - property - (23,459) - (23,459)
Transfer revaluation reserve element included in impairment charge - (17,600) 17,600 -
Transfer of the excess of current cost depreciation over historical cost
depreciation to the income and expenditure reserve - (2,297) 2,297 -
Taxpayers' equity at 31 March 2013 149,736 15,597 51,242 216,575
Public dividend capital ("PDC")
PDC represents the excess of assets over liabilities at the time of establishment of the Trust. It also includes new PDC received to fund capital
expenditure on schemes supported by the Department of Health central capital budgets. PDC has no fixed capital repayment period.
Revaluation reserve
The reserve reflects movements in the value of purchased property, plant and equipment and intangible assets as set out in the accounting policies.
Income and expenditure reserve
The reserve is the cumulative surplus / (deficit) made by the Trust since its inception. It is held in perpetuity and cannot be released to the
Statement of Comprehensive Income.
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