sport-england-2016-17-annual-report-and-accounts
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23 Revaluation reserves - group<br />
20<strong>17</strong> <strong>2016</strong><br />
£’000 £’000<br />
L<strong>and</strong> <strong>and</strong> buildings<br />
Balance at 1 April 31,057 24,224<br />
Surplus owing to revaluation of properties 6,568 7,550<br />
Amortisation of revaluation reserve (830) (7<strong>17</strong>)<br />
Property disposal (161) -<br />
Balance at 31 March 36,634 31,057<br />
For further detail relating to the surplus owing to the revaluation of properties see note 11 Property,<br />
plant <strong>and</strong> equipment – group.<br />
24 Reconciliation of net operating expenditure to net cash outflow<br />
from operating activities<br />
Group<br />
Council<br />
20<strong>17</strong> <strong>2016</strong> 20<strong>17</strong> <strong>2016</strong><br />
£’000 £’000 £’000 £’000<br />
Net operating expenditure (102,587) (95,722) (101,719) (97,245)<br />
Depreciation 3,585 3,658 359 402<br />
Impairment reversals (384) (2,376) - -<br />
Net interest on net defined benefit liability 733 773 733 773<br />
<strong>and</strong> administration costs<br />
Decrease in receivables 286 3,129 784 3,221<br />
Increase/(decrease) in payables 3,545 (1,586) 2,884 (1,654)<br />
Increase in grants outst<strong>and</strong>ing 4,470 3,823 4,470 3,823<br />
Decrease in provisions (181) (119) - (68)<br />
LPFA service costs 246 326 246 326<br />
LPFA employer contributions (703) (790) (703) (790)<br />
Assets gifted to subsidiaries - - 1,938 2,407<br />
Taxation (13) (8) (6) (7)<br />
Interest received 35 37 35 37<br />
Net cash outflow from operating (90,968) (88,855) (90,979) (88,775)<br />
activities<br />
The English Sports Council Grant-in-Aid Consolidated Accounts for the year ended 31 March 20<strong>17</strong> 88
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