MPA - statement of accounts

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26Financial StatementsCash FlowThe consolidated statement summarises the inflows and outflows of cash arising from transactions withthird parties for revenue and capital purposes for the year ended 31 March 2008.Year endingYear ending31 March 2007 31 March 2008£’000 Notes £’000Outflow2,100,088 Pay to officers and staff 2,199,2111,097,939 Other operating expenditure 1,089,127Inflows(15,693) Rent (19,751)(153,879) Sale of goods and services (156,888)(2,917,876) Revenue grants (see below) (3,080,105)(127,804) Other receipts (144,703)(17,225) Cash flow from Revenue Activities S (113,109)Returns on Investments and Servicing of Finance3,452 Interest paid 2,420(14,617) Interest received (15,039)(11,165) Net cash inflow from Investment Activity (12,619)Capital Activities158,472 Purchase of fixed assets 146,486(37,994) Sale of fixed assets (64,466)(74,463) Capital grants received (58,874)46,015 Net cash outflow from capital activities 23,146Management of Liquid Resources(33,500) Purchases/(sales) of short term investments 94,000Financing Activities13,500 Repayment of loans 15,000(2,375) (Increase)/Decrease in cash T 6,418An analysis of grants can be found in the notes to the revenue account.
27Notes to the Financial Statements of theMetropolitan Police AuthorityNotes to the Financial StatementsThis set of notes represents the consolidated notes for the statement of accounts for 2007-08 as presented inthe preceding pages 23 – 26.Notes to the Income and Expenditure Account1. Net ExpenditureOperating revenue income and expenditure for the year to 31 March 2008 is presented in subjective analysisformat below:2007-08 2006-07£’000 £’000ExpenditureEmployee CostsPolice Officer Salaries 1,458,335 1,412,453Police Staff Wages and Salaries 523,805 469,674Police Officer & Police Staff Allowances and Training Expenses 216,521 217,511Net Police Officer Pensions 500,075 520,084Net Police Staff Pensions 107,603 98,616Premises-related 205,822 194,418Transport-related 64,473 63,148Supplies and Services 438,524 437,797Capital Charges 104,388 96,846Total Gross Expenditure 3,619,546 3,510,547IncomeFees and Charges (155,005) (150,512)Other Income (164,131) (156,880)Net Expenditure 3,300,410 3,203,1552. The Service Expenditure Analysis (SEA)The category of service expenditure has beenproduced on a basis consistent with Activity BasedCosting methodology, which is used to produce areturn to the Home Office.3. National Police ServicesThe Policing Services includes an amount for NationalPolice Services of £590.3 million, which incorporatesthe costs of national, international, and capital cityfunctions, inclusive of an overhead allocation on aconsistent basis with other headings in the statement.The relevant grant received from central governmentfor these activities amounted to £397.5 million.The functions included are:• Support of policing activities that cross national andinternational borders;• Activities undertaken outside the MetropolitanPolice District;• Those functions undertaken nationally on behalf ofother Forces;• Support to other national government agencies;• Royal and Diplomatic Protection;• Activities associated with London being the seat ofNational Government and the primary residence ofthe Royal Family;• Responding to London being the national focus forcelebration, demonstration, national history,tourism and culture, entertainment and financialactivities.
Page 9 and 10: 7Statement of Responsibilities for
Page 11 and 12: 9Within the MPS the corporate strat
Page 13 and 14: 11Within the MPS the risk managemen
Page 15 and 16: 13The practical implementation of t
Page 17 and 18: 15• Internal AuditIn maintaining
Page 19 and 20: 17Governance issuemanagement across
Page 21 and 22: 19kept to manage the accounting pro
Page 23 and 24: 21Land and BuildingsCategoryLandBui
Page 25 and 26: 23Income and Expenditure AccountFin
Page 27: 25Balance SheetThe Balance Sheet sh
Page 31 and 32: 29• Pension reserve movement repr
Page 33 and 34: 3111. S102 Greater London Authority
Page 35 and 36: 3318. Minimum Revenue ProvisionThe
Page 37 and 38: 35Sources of Capital Finance2007-08
Page 39 and 40: 37K. Third Parties’ MoniesThe Aut
Page 41 and 42: 39L. Police Pensions LiabilitiesAs
Page 43 and 44: 41Accommodation strategy/Propertyre
Page 45 and 46: 43Capital Adjustment AccountThe Cap
Page 47 and 48: 45The fair value is more than the c
Page 49 and 50: 47U. Analysis of Net Debt (liquid r
Page 51 and 52: 49GlossaryGlossary of TermsBudgetA

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