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Annual Review 2003/04
 
 
Notes to the financial statements

For the year ended 31 March

1. Income, surplus/(deficit) and net assets

a. Analysis by activity

2004 Broadcasting
£m
  Monitoring
£m
  Total
£m
 
Grant-in-Aid 220.1   -   220.1  
Subscriptions -   16.7   16.7  
Intra BBC World Service trading (5.2 ) 5.2   -  
Other income 3.6   3.3   6.9  
Total income 218.5   25.2   243.7  
Operating expenditure (208.8 ) (25.7 ) (234.5 )
Operating surplus/(deficit) 9.7   (0.5 ) 9.2  
Interest receivable 0.2   0.4   0.6  
Surplus/(deficit) before taxation 9.9   (0.1 ) 9.8  
Taxation -   (0.1 ) (0.1 )
Surplus/(deficit) for the financial year 9.9   (0.2 ) 9.7  
Transfer to capital reserve (7.2 ) (0.1 ) (7.3 )
Transfer from revaluation reserve 0.8   -   0.8  
Surplus/(deficit) for the year transferred to operating reserve 3.5   (0.3 ) 3.2  
Net assets 125.8   26.7   152.5  


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  


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