FINANCIAL REPORT AND ACCOUNTS 2011 - States Assembly

NOTES TO THE ACCOUNTSNOTE 24: RESERVESAccumulatedand OtherReservesRevaluationReserveDonated AssetReserveInvestmentReserveTotal£’000 £’000 £’000 £’000 £’000Balance 1 January 2011 3,110,089 230,005 39,084 183,177 3,562,355Adjustments for Adoption ofFRS 25, 26 and 29Reclassification of ExistingInvestment Reserve relating toInvestments held at Fair Valuethrough the OCS18,240 (18,240) –Restatement of Housing Bonds (60) (60)Recognition of Letters ofComfortRestated Balance1 January 2011(2) (2)3,128,267 230,005 39,084 164,937 3,562,293(Deficit) for the year (35,604) (35,604)Revaluation of Fixed Assets 137,374 – 137,374Donated Asset ReserveAdditionsAmortisation of Donated AssetReserveRelease of Revaluation/DonatedAsset Reserve on DisposalIncrease in Fair Value ofStrategic InvestmentsDecrease in Fair Value of OtherAvailable-for-sale investmentsActuarial Loss in respectof Defined Benefit PensionSchemes70 70(101) (101)2,504 (2,504) –72,400 72,400(458) (458)(92) (92)Other Movements 1 1,226 1,226Balance 31 December 2011 3,096,301 364,875 39,053 236,879 3,737,108TransfersDuring 2011 £46 million was transferred from the Stabilisation Fund to the Consolidated Fund. No othertransfers occurred during 2011.1 These adjustments relate to assets not captured as part of the original valuation exercise.130