Finance
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Last updated: 14 july, 2009 - 11:10 GMT
Financial statements
Consolidated statement of income and expenditure
For the year ended 31 March
| Note |
2009 £m |
2008 £m |
|||
|---|---|---|---|---|---|
| Grant-in-Aid | 265.0 | 255.0 | |||
| Other income | 3.7 | 2.7 | |||
| Total income | 268.7 | 257.7 | |||
| Operating expenditure | (271.0 | ) | (257.9 | ) | |
| Operating deficit before interest and taxation | 2 | (2.3 | ) | (0.2 | ) |
| Interest receivable | 0.3 | 0.4 | |||
| (Deficit)/surplus before taxation | (2.0 | ) | 0.2 | ||
| Taxation | 4 | (0.1 | ) | (0.1 | ) |
| (Deficit)/surplus for the financial year | 11 | (2.1 | ) | 0.1 | |
| Transfer from/(to) capitalreserve | 11 | 1.1 | (3.7 | ) | |
| Transfer from revaluationreserve | 11 | 0.8 | 0.8 | ||
| Transfer from operating reserve | (0.2 | ) | (2.8 | ) |
There were no recognised gains or losses other than the (deficit)/surplus stated above.
All results arise from continuing operations.
Consolidated and entity balance sheets
At 31 March
| Group | BBCWorld Service | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note |
2009 £m |
2008 £m |
2009 £m |
2008 £m |
||||||
| Fixed assets | ||||||||||
| Tangible fixed assets | 5 | 149.6 | 151.4 | 149.4 | 151.2 | |||||
| Current assets | ||||||||||
| Stocks | 7 | 0.1 | 0.1 | 0.1 | 0.1 | |||||
| Debtors | 8 | 9.7 | 10.2 | 9.3 | 10.1 | |||||
| Cash at bank and in hand | 13 | 6.1 | 5.4 | 5.8 | 5.2 | |||||
| 15.9 | 15.7 | 15.2 | 15.4 | |||||||
| Creditors - amounts falling due within one year | 9 | (11.2 | ) | (10.7 | ) | (11.1 | ) | (10.7 | ) | |
| Net current assets | 4.7 | 5.0 | 4.1 | 4.7 | ||||||
| Total fixed assets plus net current assets | 154.3 | 156.4 | 153.5 | 155.9 | ||||||
| Creditors - amounts falling due after more than one year | 9 | (0.2 | ) | (0.3 | ) | (0.2 | ) | (0.3 | ) | |
| Provisions for liabilities | 10 | (9.5 | ) | (9.4 | ) | (9.5 | ) | (9.4 | ) | |
| Net assets | 144.6 | 146.7 | 143.8 | 146.2 | ||||||
| Represented by | ||||||||||
| Capital reserve | 145.1 | 146.2 | 144.9 | 146.0 | ||||||
| Revaluation reserve | 0.8 | 1.6 | 0.8 | 1.6 | ||||||
| Operating reserve | (1.3 | ) | (1.1 | ) | (1.9 | ) | (1.4 | ) | ||
| 11 | 144.6 | 146.7 | 143.8 | 146.2 | ||||||
The Group comprises the consolidated results of BBC World Service and its subsidiaries.
The full list of subsidiaries can be found in note 6 to the financial statements.
The financial statements were approved by the BBC Executive Board and the BBC World Service Board on 8 June 2009 and signed on their behalf by:
Mark Thompson
Director-General, BBC
Peter Horrocks
Director, BBC World Service
Richard Thomas
Chief Operating Officer and Director of Finance, BBC World Service
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Annual review 2008/09
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