Institutional

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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