Statement of Accounts 2011/2012 - Blackburn with Darwen Borough ...

Reconciliation of the carrying value of Heritage Assets held by the Council
Cost or Valuation
NOTES TO THE FINANCIAL STATEMENTS
Civic Regalia
and Coins
Art
Collections
(including
public / street
art)
Manuscripts
and Books
Total
Heritage
Assets
£000 £000 £000 £000
At 1 April 2010 (restated) 150 8,215 10,970 19,335
Additions 0 0 0 0
Disposals 0 0 0 0
Revaluations 0 0 0 0
Impairment losses / (reversals) recognised in the
Revaluation Reserve
Impairment losses / (reversals) recognised in the
Surplus/Deficit on the Provision of Services
0 0 0 0
0 0 0 0
Depreciation 0 0 0 0
At 31 March 2011 (restated) 150 8,215 10,970 19,335
Additions 0 0 0 0
Disposals 0 0 0 0
Revaluations 0 0 0 0
Impairment losses / (reversals) recognised in the
Revaluation Reserve
Impairment losses / (reversals) recognised in the
Surplus/Deficit on the Provision of Services
0 0 0 0
0 0 0 0
Depreciation 0 0 0 0
At 31 March 2012 150 8,215 10,970 19,335
The accounting Code of Practice requires a five year summary of transactions to be disclosed in the notes to the
financial statements, however, records prior to 2010/11 are such that disclosures for prior years would be difficult
to prepare.
14 Investment Properties
The following items of income and expense have been accounted for in the Financing and Investment income and
Expenditure line in the Comprehensive Income and Expenditure Statement.
2011/12 2010/11
£000 £000
Rental income from investment property 22 0
Direct operating expenses arising from investment property 0 0
Net gain / (loss) 22 0
There are no restrictions on the Council’s ability to realise the value inherent in its investment property or on the
Council’s right to the remittance of income and the proceeds of disposal. The Council has no contractual
obligations to purchase, construct or develop investment property or repairs, maintenance or enhancement.
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