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Annual Review 2005/06
 
 
Financial Statements

Statement of income and expenditure

for the year ended 31 March

Note
2006
£m
  2005
£m
 
Grant-in-Aid   239.1   225.1  
Other income   21.4   22.6  
Total income 1 260.5   247.7  
Operating expenditure excluding exceptional restructing costs   (250.0 ) (240.6 )
Exceptional restructuring costs 1 (12.4 ) -  
Total operating expenditure   (262.4 ) (240.6 )
Operating (deficit)/surplus before interest and taxation 2 (1.9 ) 7.1  
Interest receivable   0.7   0.7  
(Deficit)/surplus before taxation   (1.2 ) 7.8  
Taxation 4 (0.3 ) (0.2 )
(Deficit)/surplus for the financial year 1,11 (1.5 ) 7.6  
Transfer to capital reserve 11 (5.4 ) (12.8 )
Transfer from revaluation reserve 11 0.8   0.8  
Transfer from operating reserve   (6.1 ) (4.4 )


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

The above results are derived from continuing operations.

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