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Annual Review 2003/04
 
 
Financial Statements

Statement of income and expenditure

for the year ended 31 March

Note
2004
£m
  2003
£m
 
Grant-in-Aid   220.1   201.0  
Other income   23.6   23.2  
Total income 1 243.7   224.2  
Operating expenditure   (234.5 ) (216.3 )
Operating surplus 2 9.2   7.9  
Interest receivable   0.6   0.6  
Surplus before taxation   9.8   8.5  
Taxation 4 (0.1 ) -  
Surplus for the financial year 1,11 9.7   8.5  
Transfer to capital reserve 11 (7.3 ) (11.5 )
Transfer from revaluation reserve 11 0.8   0.8  
Surplus/(deficit) for the year transferred to operating reserve   3.2   (2.2 )


There were no recognised gains or losses other than the surplus stated above.

The above results are derived from continuing operations.

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Financial statements
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