Annual Review 2007/2008

Balance Sheet

at 31 March

 
Note
2008
£m
  2007
£m
 
Fixed assets          
Tangible fixed assets 5 151.4   148.4  
Current assets          
Stocks 7 0.1   0.1  
Debtors 8 10.2   11.1  
Cash at bank and in hand 13 5.4   4.3  
    15.7   15.5  
Creditors - amounts falling due within one year 9 (10.7 ) (9.4 )
Net current assets   5.0   6.1  
Total fixed assets plus net current assets   156.4   154.4  
Creditors - amounts falling due after more than one year 9 (0.3 ) (0.3 )
Provisions for liabilities 10 (9.4 ) (7.6 )
Net assets   146.7   146.6  
Represented by          
Capital reserve   146.2   142.5  
Revaluation reserve   1.6   2.4  
Operating reserve   (1.1 ) 1.7  
  11 146.7   146.6  

The financial statements were approved by the BBC Executive Board and the BBC World Service Management Board on 9 June 2008 and signed on their behalf by:

Mark Thompson
Director-General, BBC

Nigel Chapman
Director, BBC World Service

Richard Thomas
Chief Operating Officer and Director of Finance, BBC World Service