Merseyside Integrated Transport Authority Statement Of Responsibilities For The Statement Of Accounts

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Income and Expenditure Account




2007/08



2008/09

Net Expend

£000


MITA

Accounts


Expend

£000


Income

£000


Net

£000


Notes



















5829

Mersey Tunnels

32823

37651

(4828)




(1172)

Transport Infrastructure

35587

35100

487





Corporate & Democratic Core














741

- Democratic Representation and Management Costs

641

-

641




2648

- Corporate Management Costs

2991

652

2339







Unapportioned Central Overheads













29

- Costs of Early Retirements

18

-

18




469

- Pensions (past service costs)

-

-

-

23


Other Operating Income and Expenditure














179414

- Grants to MPTE (including Special Rail and Concessionary Travel Grants)

172626

-

172626










______

______




























Gross Total Cost

244686










______

Gross Total Income




73403









































187958

Net Cost Excluding Specific Grants







171283






















(92014)

Special Rail and Concessionary Travel Grant

-

85126

(85126)

6

______




______

______

______





















95944


Net Cost of Services

244686

158529

86157






















18665

External Interest Paid







17902




(3316)

Interest/Investment Income







(3129)

3

(297)

Pensions: Interest Costs/Returns on Assets







494

23

(105,857)

Levy Income







(110092)

5

______





______

______

______






















5139

Net Operating Expenditure







(8668)






















-

Other







-

5

______


































5139

Net (Surplus)/Deficit for the Year








(8668)























Merseyside Integrated Transport Authority

Income and Expenditure Account (Cont’d)




2007/08



2008/09

Net Expenditure £000

Group

Accounts


Expend

£000


Income

£000


Net

£000


Notes


















5129


Mersey Tunnels

32823

37651

(4828)




(2785)

Transport Infrastructure

78094

80655

(2561)




3809

Mersey Ferries

10525

7399

3126




19884

Bus Services

27023

8982

18041




95822

Rail Services

94601

11595

83006




40995

Concessionary Travel


68728

20260

48468




11346

Facilities & Promotion

13713

3571

10142




5415

Other MPTE Services

12841

9339

3502







Corporate & Democratic Core













741

- Democratic Representation and Management Costs

641

-

641




2648

- Corporate Management Costs

2991

652


2339







Unapportioned Central Overheads













1302

- Costs of Early Retirements

1295

-

1295




1169

Pensions (past service costs)

-

-

-

23




- Global Smart Media and Real Time Information Group

188

-

188









































Gross Total Cost

343463













Gross Total Income




180104







______




______

______

______






















185475

Net Cost Excluding Specific Grants







163359






















(92014)

Special Rail and Concessionary Travel Grants


-

85126

(85126)

6

(2481)

Other Grants

-

201

(201)






















90980

Net Cost of Services

343463

265431

78032






















18665

External Interest Paid







17902




(3318)

Interest/Investment Income








(3130)

3

(177)

Pensions: Interest Costs/Return on Assets







2597

23

(105857)

Levy Income







(110092)

5

______










______






















293

Net Operating Expenditure







(14691)




















-

Provision for Tax







73




______










______






















293

Net (Surplus)/Deficit for the Year







(14618)
























Reconciliation of the Single Entity Surplus/Deficit for the Year to the Group Surplus/Deficit


2007/08




2008/09

£000





£000










5139

Authority Surplus/Deficit

(8668)













Subsidiary’s Group Accounts (MPTE)



174568

Net Payments

166676

(179414)

Authority Revenue Grant/Rail Grant/Concessionary Travel Grant

(172626)

______




______




Group Account Surplus/Deficit




293




(14618)








Merseyside Integrated Transport Authority

Statement of Movement on the General Fund Balance




2007/08



2008/09

MPTA

£000


Group

£000


MITA

Accounts


MPTA

£000


Group

£000


Notes



















5139

293

(Surplus) Deficit on Income and Expenditure Account

(8668)

(14618)


























Amounts included in the Income and Expenditure
















Account but required by statute to be excluded when
















determining the Movement on the General Fund
















Balance for the year




























-

-

Amortisation of intangible fixed assets

-

-




















(12205)

(16243)

Depreciation and impairment of fixed assets

(12317)

(16618)






















102

102

Premiums/Discounts relating to “extinguished loans”

(13)

(13)






















-

4038

Government Grants Deferred amortisation matching depreciation and impairments

28644

32945




















(1788)

(4467)

Pensions: Net charges made for retirement benefits in accordance with FRS17

(1907)

(6176)






















(11062)

(11062)

Amounts treated as revenue expenditure in accordance with the SORP but which are classified as capital expenditure by statute

(29144)

(29144)






















-

-

Net gain or loss on sale of fixed assets

-


-






















297

177

Net charges made for retirement benefits in accordance with FRS 17 (costs over and above contributions due under the pension scheme regulations)

-

-




























Amounts not included in the Income and Expenditure
















Account but required to be included by statute when
















determining the Movement on the General Fund














Balance for the year




























12237

12237

Statutory provision for repayment of debt

12700

12700






















2016

2016

Capital expenditure charged in-year to the General Fund Balance

1705

1705




















1115

5670

Employer’s contributions payable to the Merseyside Pension Fund and retirement benefits payable direct to pensioners

1244

6755




























Transfers to or from the General Fund Balance that are
















required to be taken into account when determining the
















Movement on the General Fund Balance for the year


























-

-

Voluntary revenue provision for capital financing

-

-




























Transfers to or from earmarked reserves




























302

302

Contributions to/(from) earmarked reserves (Tunnels)

1916

1916




-

1000

Contributions to/(from) earmarked reserves

2561

6057


3144


4940

Contributions to/(from) Capital Reserve

3000

4000








































(703)

(997)

Movement on the General Fund for the year

(279)

(491)






















(22)

(111)

General Fund Balance Brought Forward

(725)

(1108)








































(725)

(1108)

General Fund Balance Carried Forward

(1004)

(1599)











































































Merseyside Integrated Transport Authority
Statement of Recognised Gains and Losses


2007/08



2008/09

MITA

Group




MITA

Group

£000

£000




£000

£000
















5139

293

(Surplus)/Deficit on the Income and Expenditure Account for the year

(8668)

(14618)














-

-

(Surplus)/Deficit arising on re-evaluation of fixed assets

(492190)

(512158)
















-

-

(Surplus)/Deficit arising on re-evaluation of available-for-sale financial assets

-

-
















7305

23554

Actuarial (gains)/losses on Pension Fund assets and liabilities

(1102)

(1913)
















(5)

50

Other (gains)/losses:

(10)


-













































12439

23897

Total Recognised (gains) and losses

(501970)

(528689)
















































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