Merseyside Passenger Transport Executive


Merseyside Passenger Transport Executive

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Merseyside Passenger Transport Executive

Income and Expenditure Account


2007/08




2008/09




Net
Expenditure

M.P.T.E

Expenditure

Income

Net

Note
No

£000




£000

£000

£000








Statement of Expenditure:-































19884

Bus Services


27023

8982

18041




95822

Rail Services

82344

-

82344




40995

Concessionary Travel

68728

20260

48468

2

11171

Facilities & Promotion

13513

3571

9942




4019

Transport & Business Planning

12841

9339

3502




1521

Pension Increases and Other Costs

1404


-

1404




2679

Pensions: Current and Past Service Costs

2166

-

2166

27

140

Pensions: Net Interest Costs and Return on Assets

2083

-

2083

27

(2)

Interest Payable/Receivable

236

237

(1)

3

-

Depreciation/Amortised Grants

4302

4302

-




-

Impairment of Fixed Assets and

25225

25225

-





Amortisation of Grants













-

Sale of Assets/Amortisation

313

313

-




-

Revenue Expenditure funded by Capital under statute/

15543

15543

-







amortised grants













3107

Grant to Mersey Ferries Limited

2982

-

2982



175


Grant to Merseyside Passenger Transport Services Ltd

200

-

200






-

Losses attributable to Other Subsidiary Companies


163

______



163






















179511

Net Operating Expenditure

259066

87772

171294






















11

Taxation

7

-

7

4



















______



______

______

______



179522


Profit/loss on ordinary activities after taxation

259073

87772

171301


























Adjustments:-













-

Interdepartmental Charges

(12400)

(12400)

-




-

Provisions made/brought into account

678

-

678


1000


Transfers to Concessionary Travel, OTOF and Rail Reserves

3480

-

3480





2500

Transfers to Capital Reserve

1000

-

1000




(2819)

Transfers from Pensions Reserve

-

4249

(4249)

27



















180203

Amounts to be met from MPTA

251831

79621

172210







Revenue Support and Other Grants
































Sources of Finance:-













(87400)

Revenue Support Grant from MPTA

-

87500

(87500)




(92014)

Special Rail Grant

-

78607

(78607)




-

Concessionary Travel Grant

-

6519

(6519)




(945)

European Union Grants

-

58

(58)





(140)

Urban/Rural Bus Grants

-

143

(143)






















(296)




251831

252448

(617)




______




______

______

______

























Net Deficit/(Surplus):-











(296)


Operating deficit/(Surplus) for the year






(617)




(87)

Brought Forward







(383)






















(383)

Operating Deficit/(Surplus) Carried Forward







(1000)






















There are no acquired or discontinued operations in 2008/09, however The Beatles Story was acquired during the preceding year (29/02/08).

Merseyside Passenger Transport Executive


Consolidated Income and Expenditure Account


2007/08




2008/09




Net
Expenditure

Consolidated Group Accounts

Expenditure

Income

Net

Note
No

£000




£000

£000

£000








Statement of Expenditure:-































3107

Mersey Ferries

10,526

7400


3,126




19884

Bus Services

27023

8982

18041




95822

Rail Services (including Rolling Stock)

93939

11595

82344




40995

Concessionary Travel

68728

20260

48468

2

11346

Facilities & Promotion

13713

3571

10142




4019

Transport & Business Planning

12841

9339


3502




1521

Pension Increases and Other Costs

1404

-

1404




2679

Pensions: Current and Past Service Costs

2166

-

2166

27

140

Pensions: Net Interest Costs and

2083

-

2083

27




Return on Assets













(2)

Interest Payable/Receivable

-

1

(1)

3

-

Depreciation/Amortised Grants

4302

4302


-




-

Impairment of Fixed Assets and Amortisation of Grants

25225

25225

-




-

Sale of Assets/Amortisation

313

313

-




-

Revenue Expenditure funded by Capital under statute/

15543

15543

-







amortised grants













-

Global Smart Media Group

280

86

194




-

Real Time Information Group

195

201


(6)




______




______

______

______






















179511

Net Operating Expenditure

278281

106818

171463






















11

Taxation

80

-

80

4

______




______

______

______




















179522

Profit/loss on ordinary activities after taxation

278361

106818

171543







Adjustments:-













-

Interdepartmental Charges

(12400)

(12400)

-




-

Ferries Inter-Company Charges

(174)

(174)

-




-

Provisions made/brought into account

678

-

678




1000

Transfers to Concessionary Travel and Other Reserves

3643


-

3643




2500

Transfers to Capital Reserve

1000

-

1000




(2819)

Transfers from Pensions Reserve

-

4249

(4249)

27



















180203

Amounts to be met from MPTA

271108

98493

172615







Revenue Support and Other Grants
































Sources of Finance:-













(87400)

Revenue Support Grant from MPTA

-

87500

(87500)




(92014)

Special Rail Grant

-

78607

(78607)




-

Concessionary Travel Grant

-

6519

(6519)




(945)

European Union Grants

-

58

(58)




(140)

Urban/Rural Bus Grants


-

143

(143)






















(296)




271108

271320

(212)




______




______

______

______

























Net Deficit/(Surplus):-













(296)

Operating deficit/(Surplus) for the year






(212)





(87)

Brought Forward







(383)




______










______






















(383)

Operating Deficit/(Surplus) Carried Forward







(595)




______










______






















Merseyside Passenger Transport Executive

Statement of Total Recognised Gains and Losses


2007/08

Executive

2008/09


Note No

£000




£000
















296

General surplus/(deficit) for the year

617




_______




_______
















1000

Movements in Earmarked Reserves

3644

25

1681


Movements in Pensions Reserve*

(1939)

25 & 27

(13926)

Pensions Actuarial Gain/(Loss)*

(1188)

27

(2303)

Pensions Adjustment made in 2008/09*

2303




_______




_______
















(13548)

Total increase/(decrease) in revenue resources

2820




_______




_______
















-

Increase/(decrease) in usable capital receipts

-




1796

Increase/(decrease) in capital resources

1000

25

_______




_______
















1796

Total increase/(decrease) in Capital resources

1000




_______




_______
















-

Gains on re-evaluation of fixed assets

19966

12

-

Impairment losses (on re-evaluation of fixed assets)

-




-

Amortised Deferred Capital Grants

-




_______




_______
















-

Total increase in unrealised value of fixed assets

19966




_______




_______
















-

Value of assets sold

-




-

Capital receipts applied during the year

-




-

Amortised Deferred Capital Grants

-




_______




_______














-


Total decrease in amount set aside to Finance capital investment

-




_______




_______
















(11456)

Overall total recognised gains and losses

24403

25

_______




_______
















*2007/08 Pensions Re-Stated

Merseyside Passenger Transport Executive
Statement of Total Recognised Gains and Losses


2007/08

Group

2008/09


Note No

£000





£000
















296

General surplus/(deficit) for the year

212




_______




_______
















1000

Movements in Earmarked Reserves

4366

25

1681

Movements in Pensions Reserve*

(1939)

25 & 27

(13926)

Pensions Actuarial Gain/(Loss)*

(1188)

27

(2303)

Pensions Adjustment made in 2008/09*


2303




_______




_______
















(13548)

Total increase/(decrease) in revenue resources

3542




_______




_______
















-

Increase/(decrease) in usable capital receipts

-




1796

Increase/(decrease) in capital resources

1000

25

_______




_______














1796

Total increase/(decrease) in Capital resources

1000




_______




_______
















-

Gains on re-evaluation of fixed assets/investments

19966

12

-

Impairment losses (on re-evaluation of fixed assets)

-




-

Amortised Deferred Capital Grants

-




_______




_______
















-

Total increase in unrealised value of fixed assets

19966


_______





_______
















-

Value of assets sold

-




-

Capital receipts applied during the year

-




-

Amortised Deferred Capital Grants

-




_______




_______
















-

Total decrease in amount set aside to Finance capital investment

-




_______




_______
















(11456)

Overall total recognised gains and losses


24720

25

_______




_______
















*2007/08 Pensions Re-Stated


Merseyside Passenger Transport Executive
Balance Sheet


As at

31/03/08





As at

31/03/09


Note No.

Executive

£000


Consolidated

£000





Executive

£000


Consolidated

£000



























Intangible Assets:




























-

5553

Goodwill

-

2663




_____

_____




_____

_____




























Net Fixed Assets:




























21215

21215


Freehold Property

19142

19142




54000

54650

Leasehold Property

68375

69081




9703

12225

Plant & Machinery

6487

9173




7374

7374

Vessels

9115

9115




634

634

Ancillary Vehicles

10

10




6028

6028

Assets Under Construction

1639


1639




617

617

Non-Operational Assets

___330

__330






















99571

102743

Total Long Term Assets:

105,098

108490

12 & 14

_____

_____




_____

_____






















4501

1

Long Term Investments:


4303

230

16 & 17

_____

_____




_____

_____




























Current Assets:




























41

302

Consumable stores

43

412




8216

8698

Debtors

4379

5334

15


22700

22700

Investments

23501

23400




16

30

Petty Cash Imprests

17

31




9941

9878

Cash in hand

9798

9956




_____

_____




_____

_____






















40914

41608




37738

39133








Creditors:




























(29045)

(29916)

Amounts due within one year

(21025)

(22426)

18

-

-

Internal loans due within one year

(101)

(101)




_____

_____




_____

_____






















11869

11692

Net current assets


16612

16606




_____

_____




_____

_____






















115941

119989

Total Assets plus net Current Assets

126013

127989




(142)

(569)

Creditors falling due after one year

(65)

(1024)

18

(4500)

(4500)

Internal loans due after 1 year

(4302)

(4408)





(46114)

(46114)

Net Pensions Liabilities*

(46938)

(46938)

27

(214)

(3835)

Provisions

(893)

(1786)

19

(99572)

(99572)

Deferred Capital Grants

(85132)

(85132)

22 & 23

-

-

Minority Interest

-

299




(2412)

(2412)

Contributions/Receipts Unapplied

(1293)

(1293)

24

_____


_____




_____

_____






















(37013)

(37013)




(12610)

(12293)




_____

_____




_____

_____










Funds Balances & Reserves




























-

-

Revaluation Reserve

19966

19966


25

(37013)

(37013)

Reserves

(32576)

(32259)

25

_____

_____




_____

_____






















(37013)

(37013)

Total Net Worth

(12610)

(12293)




_____

_____




_____

_____






















* 2007/08 Re-Stated Pensions




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