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Annual Review 2004/05
 
 
Financial Statements

Balance sheet
at 31 March

Note
2005
£m
  2004
£m
 
Fixed assets          
Tangible fixed assets 5 155.8   144.1  
Current assets          
Stocks 7 0.1   0.2  
Debtors 8 9.5   9.5  
Cash at bank and in hand 13 11.8   12.5  
    21.4   22.2  
Creditors - amounts falling due within one year 9 (12.1 ) (8.2 )
Net current assets   9.3   14.0  
Total assets less current liabilities   165.1   158.1  
Provisions for liabilities and charges 10 (5.0 ) (5.6 )
Net assets   160.1   152.5  
           
Represented by          
Capital reserve   148.5   135.7  
Revaluation reserve   4.0   4.8  
Operating reserve   7.6   12.0  
  11 160.1   152.5  


The financial statements were approved by the Board of Governors and the BBC World Service Management Board on 16 June 2005 and signed on their behalf by:

Michael Grade
BBC Chairman

Mark Thompson
Director-General, BBC

Nigel Chapman
Director, BBC World Service

Alison Woodhams
Chief Operating Officer and Director of Finance, BBC World Service

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Financial statements
 
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