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

Statement of Changes in Taxpayers’ Equity
for the year ended 31 March 2010
Note
As at
31 March 2010
£’000
As at
31 March 2009
£’000
Balance at 31 March (164,269) (220,245)
Effects of changes under International Financial Reporting
Standards (IFRS)
2 0 (854)
Restated balance at 1 April (164,269) (221,099)
Net expenditure (12,850,233) (11,827,635)
Non-cash charges – cost of capital (8,967) (10,401)
Total recognised income and expense for the year (12,859,200) (11,838,036)
Grant funding from BIS/DCSF 12,936,959 11,894,866
Balance at 31 March (86,510) (164,269)
The notes on pages 49 to 79 form part of these accounts.
Finance
LSC Annual Report and Accounts 2009–10 47