Chapter 2 - The Insolvency Service
Chapter 2 - The Insolvency Service
Chapter 2 - The Insolvency Service
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<strong>Chapter</strong> 4<br />
9 Cash and cash equivalents<br />
Cash held at ISA<br />
Cash held at the Bank of England<br />
Cash held at the Office of the Paymaster General<br />
2006<br />
£000<br />
30,027<br />
-<br />
11,361<br />
41,388<br />
2005<br />
£000<br />
12,618<br />
3,695<br />
2,000<br />
18,313<br />
<strong>The</strong> cash held at the Bank of England and in the ISA at 2004-05 year end<br />
represents deferred fee income and DTI cash funding retained from 2003-04<br />
to meet monthly cash flow requirements.<br />
Cash movements in year 2006<br />
£000<br />
Cash at bank as at 1 April 2005<br />
18,313<br />
Cash movement in year<br />
23,075<br />
Cash at bank as at 31 March 2006<br />
41,388<br />
10 Creditors<br />
Amounts falling due within one year 2006<br />
£000<br />
Trade creditors<br />
429<br />
Accruals<br />
3,154<br />
Deferred fee income<br />
31,223<br />
DTI Inter-entity creditor<br />
18,406<br />
CFER payable to the Consolidated Fund<br />
16,856<br />
70,068<br />
2005<br />
£000<br />
337<br />
2,094<br />
22,840<br />
8,993<br />
529<br />
34,793<br />
DTI Inter-entity creditor includes DTI cash funding of £8,999,317 retained to<br />
meet cashflow requirements and £9,353,214 to meet payroll costs not yet<br />
invoiced and £53,367 payable to DTI for early retirement and steering board<br />
fees and expenses.<br />
<strong>The</strong> CFER payable to the Consolidated Fund includes £16,726,177 of old<br />
regime income that is payable to the Consolidated Fund.<br />
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