Annual Accounts 2010 - University of Abertay Dundee
Annual Accounts 2010 - University of Abertay Dundee
Annual Accounts 2010 - University of Abertay Dundee
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<strong>University</strong> <strong>of</strong> <strong>Abertay</strong> <strong>Dundee</strong><strong>Annual</strong> report and financial statements31 July 2011Notes (continued)10 Tangible fixed assets (continued)Freeholdland andbuildings£000Generalequipment£000Computerspecialistequipment£000Total£000(b) <strong>University</strong>Cost or valuationAt 1 August <strong>2010</strong>Valuation – 1994 16,104 - - 16,104Cost 21,056 2,512 2,282 25,850Additions at cost 4,712 35 287 5,034Disposals at cost - (115) (53) (168)At 31 July 2011Valuation – 1994 16,104 - - 16,104Cost 25,768 2,432 2,516 30,716At 31 July 201141,872 2,432 2,516 46,820DepreciationAt 1 August <strong>2010</strong> 7,442 2,116 1,779 11,337Charge for year 782 161 298 1,241Impairment <strong>of</strong> assets 312 - - 312Eliminated in respect <strong>of</strong> disposals - (110) (53) (163)At 31 July 2011 8,536 2,167 2,024 12,727Net book valueAt 31 July 2011 33,336 265 492 34,093At 31 July <strong>2010</strong> 29,718 396 503 30,617Buildings with a net book value <strong>of</strong> £24,004,000 and cost <strong>of</strong> £25,617,000 have been funded mostly fromTreasury sources. Should these particular buildings be sold, the <strong>University</strong> would either have tosurrender the proceeds to the Treasury or use them in accordance with the Financial Memorandum withthe Scottish Funding Council.27
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