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

10 Intangible Fixed Assets
(i) As at 31 March 2010
IT assets under
construction
£’000
IT systems
£’000
IT software
£’000
Total
purchased
£’000
Cost or valuation
At 1 April 2009 7,710 95,446 2,391 105,547
Reclassifications (10,816) 10,816 0 0
Additions* 12,864 27,646 73 40,583
Disposals 0 (12,615) (583) (13,198)
At 31 March 2010 9,758 121,293 1,881 132,932
Amortisation
At 1 April 2009 0 (35,980) (2,010) (37,990)
Disposals 0 10,500 554 11,054
Charge for period 0 (19,601) (324) (19,925)
At 31 March 2010 0 (45,081) (1,780) (46,861)
Net book value (NBV)
At 1 April 2009 7,710 59,466 381 67,557
Total NBV Intangible Fixed Assets at 31 March 2010 9,758 76,212 101 86,071
(ii) As at 31 March 2009
IT assets under
construction
£’000
IT systems
£’000
IT software
£’000
Total
purchased
£’000
Cost or valuation
At 1 April 2008 7,000 56,104 2,404 65,508
Reclassifications (26,320) 26,320 0 0
Additions 27,030 16,503 80 43,613
Disposals 0 (713) (93) (806)
Impairment 0 (2,768) 0 (2,768)
At 31 March 2009 7,710 95,446 2,391 105,547
Amortisation
At 1 April 2008 0 (25,487) (1,630) (27,117)
Disposals 0 590 86 676
Charge for period 0 (11,896) (466) (12,362)
Impairment 0 813 0 813
At 31 March 2009 0 (35,980) (2,010) (37,990)
Finance
Net book value (NBV)
At 1 April 2008 7,000 30,617 774 38,391
Total NBV Intangible Fixed Assets at 31 March 2009 7,710 59,466 381 67,557
All impairment shown above is charged to the Net Expenditure Account.
*The LSC continued to invest in IT systems in its final year so as to pass on systems that were fit for purpose to the bodies
taking on its functions.
LSC Annual Report and Accounts 2009–10 67