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Annual Review 2002/2003
 
 
Notes to the financial statements « back
for the year ended 31 March
1 Income, surplus and net assets
1a Analysis by activity
2003 Broadcasting
£m
Monitoring
£m
Total
£m
Grant-in-Aid 201.0 201.0
Subscriptions 16.1 16.1
Intra BBC World Service trading (5.1 ) 5.1
Other income 4.0 3.1 7.1
Total income 199.9 24.3 224.2
Operating expenditure (193.4 ) (22.9 ) (216.3 )
Operating surplus 6.5 1.4 7.9
Interest receivable 0.2 0.4 0.6
Surplus before taxation 6.7 1.8 8.5
Taxation 0.1 (0.1 )
Surplus for the financial year 6.8 1.7 8.5
Transfer to capital reserve (10.7 ) (0.8 ) (11.5 )
Transfer from revaluation
reserve

0.8


0.8
(Deficit)/surplus for the year
transferred to operating reserve
(3.1 ) 0.9 (2.2 )
Net assets 115.9 26.9 142.8
2002 Broadcasting
£m
Monitoring
£m
Total
£m
Grant-in-Aid 187.9 187.9
Subscriptions 15.6 15.6
Intra BBC World Service trading (5.0 ) 5.0
Other income 4.4 3.2 7.6
Total income 187.3 23.8 211.1
Operating expenditure (182.0 ) (23.0 ) (205.0 )
Operating surplus 5.3 0.8 6.1
Profit on disposal of a property 3.3 3.3
Surplus before interest
and taxation
8.6 0.8 9.4
Interest receivable 0.2 0.4 0.6
Surplus before taxation 8.8 1.2 10.0
Taxation (0.1 ) (0.1 ) (0.2 )
Surplus for the financial year 8.7 1.1 9.8
Transfer to capital reserve (6.3 ) (0.9 ) (7.2 )
Transfer from revaluation reserve 0.8 0.8
Surplus for the year transferred
to operating reserve
3.2 0.2 3.4
Net assets 109.1 25.2 134.3
 
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