The Learning and Skills Councils Annual Report and Accounts for ...

Statement of Financial Position
as at 31 March 2010
As at
31 March 2010
£’000
As at
31 March 2009
£’000
As at
1 April 2008
£’000
Note
Non-current assets
Property, Plant and Equipment 9 5,735 12,525 16,063
Intangible Fixed Assets 10 86,071 67,557 38,391
Total non-current assets 91,806 80,082 54,454
Current assets
Trade and other receivables 11a 240,507 248,916 219,069
Cash and cash equivalents 12 150,987 111,287 98,346
Total current assets 391,494 360,203 317,415
Total assets 483,300 440,285 371,869
Current liabilities
Trade and other payables 13a (491,836) (561,212) (569,069)
Total assets less current liabilities (8,536) (120,927) (197,200)
Non-current liabilities
Provisions 14 (46,566) (21,409) (23,899)
Financial guarantee 15 (31,408) (21,933) 0
Assets less liabilities (86,510) (164,269) (221,099)
Represented by
Taxpayers’ equity
General reserve (86,510) (164,269) (221,099)
Total reserves (86,510) (164,269) (221,099)
The notes on pages 49 to 79 form part of these accounts.
Geoffrey Russell
Chief Executive of Skills Funding,
Department for Business, Innovation and Skills;
and Accounting Officer for the Learning and Skills Council
19 July 2010
46 LSC Annual Report and Accounts 2009–10