Annual Review 2007/2008

	Note	2008 £m		2007 £m
Grant-in-Aid		255.0		239.5
Other income		2.7		2.8
Total income		257.7		242.3
Operating expenditure excluding exceptional restructing costs	1	(257.9	)	(230.7	)
Exceptional restructuring costs		-		(0.2	)
Total operating expenditure		(257.9	)	(230.9	)
Operating (deficit)/surplus before interest and taxation	2	(0.2	)	11.4
Interest receivable		0.4		0.3
Surplus before taxation		0.2		11.7
Taxation	4	(0.1	)	(0.1	)
Surplus for the financial year	11	0.1		11.6
Transfer to capital reserve	11	(3.7	)	(7.2	)
Transfer from revaluation reserve	11	0.8		0.8
Transfer (from)/to operating reserve		(2.8	)	(5.2	)

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

2008 Grant-in-Aid income includes baseline Grant-in-Aid and additional grant funding from the Foreign and Commonwealth Office in support of Persian television.