MPA Annual Governance Report

Area of
statements
Nature of adjustment Accounts effected Adjustment
(£000s)
Statement (CIES):
Injury Benefits
Actuarial Gains
Losses
of work-related injuries should be charged to services in the
Comprehensive Income and Expenditure Statement (CIES)
rather than in "Other comprehensive Income and Expenditure"
in the CIES. This has a knock-on impact on various other
actuarial figures presented in the financial statements, as
shown in the next column.
The Authority has restated the 2009/10
comparators to show these on the same
basis, the adjustment required being a
reclassification of £361.4 million of costs
previously shown in "Other
comprehensive Income and Expenditure"
in the CIES to present these as costs in
the Service Expenditure Analysis in the
CIES instead.
The change brought about by the
technical guidance also results in the
following changes to the Authority's longterm
liabilities to pay pensions and injury
benefits on the Balance Sheet:
− at 1 April 2009, liability increased
by £279.7 million
− at 31 March 2010, liability
increased by £527 million
− at 31 March 2011, the Authority's
closing long-term liability in respect
of pensions and injury benefit
awards at 31 March 2011 is
unchanged.
The change brought about by the
technical guidance also results in the
following changes to the 2010/11 CIES:
- Police Pensions Interest Cost is
increased by £26.4m to £1,003 million
(2009/10 equivalent also restated to
361,425
279,700
527,000
26,400
Audit Commission Annual governance report 21