2000 - 2001 - Central Manchester University Hospitals - NHS ...

2000/2001 1999/2000
£000 £000
Income from activities:
Continuing operations 57,299 51,884
other operating income 12,079 11,301
Operating expenses:
Continuing operations (67,233) (60,999)
OPERATING SURPLUS/(DEFICIT)
Continuing operations 2,145 2,186
Cost of fundamental reorganisation/restructuring 0 0
Profit/(loss) on disposal of fixed assets 2 0
SURPLUS/(DEFICIT)BEFORE INTEREST 2,147 2,186
Interest receivable 106 119
Interest payable (42) (287)
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 2,211 2,018
Public Dividend Capital dividends payable (2,207) (1,977)
RETAINED SURPLUS (DEFICIT) FOR THE YEAR 4 41
Above is a summary of the Trust’s financial performance for the year ended 31st March 2001. For a full set of the Trust’s audited annual
accounts please write to Mr J Wilbraham, Acting Director of Finance, Central Manchester and Manchester Children’s University Hospitals
NHS Trust, Cobbet House, Manchester Royal Infirmary, Oxford Road, Manchester M13 9WL.
A prior period adjustment has been made in respect of downward revaluations of fixed assets which were previously treated as
impairments. The adjustment removes their effect on the Income and Expenditure Account; instead charging them in the Revaluation
Reserve. The associated accruals for income and repayment of Public Dividend Capital and for transfers between the Revaluation Reserve
and the Income and Expenditure Reserve have also been written back. The prior period adjustments are:
For the changed approach to the revaluation:
- a reduction in the Revaluation Reserve
- an increase in the Income and Expenditure Reserve
Write back of the associated accurals:
- a reduction in the Income and Expenditure Reserve
- a reduction in debtors
- a reduction in creditors
- an increase in Public Dividend Capital
Each of the above adjustments is for £843,000.
50
Annual Report 2000 ~ 2001