NIPS Annual Report and Accounts 2012-13 - Department of Justice
NIPS Annual Report and Accounts 2012-13 - Department of Justice
NIPS Annual Report and Accounts 2012-13 - Department of Justice
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ANNUAL<br />
REPORT<br />
<strong>and</strong> <strong>Accounts</strong><br />
8. Property, plant <strong>and</strong> equipment (continued)<br />
Cost or valuation<br />
L<strong>and</strong> Buildings Dwellings Information Plant & Vehicles Furniture Assets Total<br />
Technology Machinery & Fittings Under<br />
Construction<br />
£000 £000 £000 £000 £000 £000 £000 £000 £000<br />
At 1 April 2011 4,634 239,646 1,776 3,344 31,379 3,987 1,861 10,530 297,157<br />
Additions - - - 3 255 51 24 18,158 18,491<br />
Disposals - - - - (276) (281) (2) - (559)<br />
Impairment - (3,868) (1,<strong>13</strong>2) (6) (8) - - - (5,014)<br />
Reversal <strong>of</strong> Impairments 66 1,649 - - - 1 2 - 1,718<br />
Reclassifications - <strong>13</strong>,459 - 44 (7,007) 407 (380) (7,561) (1,038)<br />
Revaluations 1,144 (63,656) (644) (23) 41 30 22 - (63,086)<br />
At 31 March <strong>2012</strong> 5,844 187,230 - 3,362 24,384 4,195 1,527 21,127 247,669<br />
Depreciation<br />
At 1 April 2011 - 65,047 317 2,566 19,753 1,879 672 - 90,234<br />
Charged in year - 7,<strong>13</strong>7 - 291 1,448 439 120 - 9,435<br />
Disposals - - - - (271) (279) (1) - (551)<br />
Impairment - - - (3) (7) - - - (10)<br />
Reversal <strong>of</strong> Impairments - 25 - - - - 1 - 26<br />
Reclassifications - 2,<strong>13</strong>3 - - (2,026) - (107) - -<br />
Revaluations - (66,966) (317) (21) 32 14 10 - (67,248)<br />
At 31 March <strong>2012</strong> - 7,376 - 2,833 18,929 2,053 695 - 31,886<br />
Carrying amount at 31 March <strong>2012</strong> 5,844 179,854 - 529 5,455 2,142 832 21,127 215,783<br />
Carrying amount at 31 March 2011 4,634 174,599 1,459 778 11,626 2,108 1,189 10,530 206,923<br />
Asset financing:<br />
Owned 5,844 179,854 - 529 5,455 2,142 832 21,127 215,783<br />
Carrying amount at 31 March <strong>2012</strong> 5,844 179,854 - 529 5,455 2,142 832 21,127 215,783<br />
L<strong>and</strong> <strong>and</strong> Property Services (LPS) carried out a full valuation <strong>of</strong> l<strong>and</strong> <strong>and</strong> buildings at 1 April 2011, in accordance with<br />
the RICS Appraisal <strong>and</strong> Valuation Manual <strong>and</strong> on a componentised basis. The next full valuation <strong>of</strong> l<strong>and</strong> <strong>and</strong> buildings<br />
will be 1 April 2016.<br />
It is intended that the Prison Service College will be disposed <strong>of</strong> once the new joint training facility is opened at<br />
Desertcreat circa 2015. Until this time, on the basis that all l<strong>and</strong>s at Millisle will be sold together, the property<br />
at Lisnevin has been valued at its pro-rata replacement cost <strong>of</strong> £1,181k (based on LPS valuations in 2011).<br />
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