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

NOTES TO THE FINANCIAL STATEMENTS
25 Unusable reserves
1 April
2010
31 March
2011
31 March
2012
£000 £000 £000
( 40,049 ) ( 47,947 ) Revaluation Reserve ( 60,915 )
( 245,782 ) ( 198,733 ) Capital Adjustment Account ( 182,898 )
1,949 2,275 Financial Instruments Adjustment Account 2,228
( 26,294 ) ( 26,291 ) Deferred Capital Receipts Reserve ( 26,288 )
195,278 145,329 Pensions Reserve 182,710
( 15 ) 189 Collection Fund Adjustment Account 1,057
4,147 3,928
Accumulating Compensated Absences
Adjustment Account 3,713
( 110,766 ) ( 121,250 ) Total Unusable Reserves ( 80,393 )
Revaluation Reserve
The Revaluation Reserve contains the gains made by the Council arising from increases in the value of its
Property, Plant and Equipment. The balance is reduced when accumulated gains are:
- revalued downwards or impaired and the gains are lost
- used in the provision of services and the gains are consumed through depreciation, or
- disposed of and the gains are realised
The Reserve contains only revaluation gains accumulated since 1 April 2007, the date that the Reserve was
created. Accumulated gains arising before that date are consolidated into the balance on the Capital Adjustment
Account.
2010/11 2011/12
£000 £000 £000
( 40,049 ) Balance at 1 April ( 47,947 )
( 10,704 ) Upward revaluation of assets ( 18,841 )
1,946
( 8,758 )
769
91
860
Downward revaluation of assets and
impairment losses not charged to the
Surplus/Deficit on the Provision of Services 4,951
Surplus or deficit on the revaluation of noncurrent
assets not posted to the Surplus/Deficit
on the Provision of Services
Difference between fair value depreciation and
historical cost depreciation 780
( 13,890 )
Accumulated gains on assets sold or scrapped
142
Amount written off to the Capital Adjustment
Account 922
( 47,947 ) Balance at 31 March ( 60,915 )
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