Financial Statements 2011 - Royal Holloway, University of London
Financial Statements 2011 - Royal Holloway, University of London
Financial Statements 2011 - Royal Holloway, University of London
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Notes to the <strong>Financial</strong> <strong>Statements</strong>(continued)13 Tangible AssetsaConsolidatedLand and BuildingsFurnitureandFreehold Short Lease Fittings Equipment Total£000 £000 £000 £000 £000At 1 August 2010Valuation 60,170 1,800 795 - 62,765Cost 110,981 2,900 13,746 21,652 149,279171,151 4,700 14,541 21,652 212,044Additions at cost 6,095 27 1,468 2,582 10,172Disposals - - - (83) (83)Disposal <strong>of</strong> fixed assets held by the Students’ (964) - (303) (402) (1,669)Union at the deemed disposal dateAt 31 July <strong>2011</strong>Valuation 60,170 1,800 795 - 62,765Cost 116,112 2,927 14,911 23,749 157,699176,282 4,727 15,706 23,749 220,464DepreciationAt 1 August 2010 45,133 965 7,012 16,062 69,172Charge for year (see note below) 7,475 258 1,230 2,577 11,540Eliminated on disposals - - - (58) (58)Removal <strong>of</strong> accumulated depreciation on(605) - (212) (346) (1,163)fixed assets held by the Students’ Union atthe deemed disposal dateAt 31 July <strong>2011</strong> 52,003 1,223 8,030 18,235 79,491Net Book ValueAt 31 July <strong>2011</strong> 124,279 3,504 7,676 5,514 140,973At 1 August 2010 126,018 3,735 7,529 5,590 142,872Historical Net Book ValueAt 31 July <strong>2011</strong> 100,309 2,410 7,170 5,514 115,403At 1 August 2010 101,620 2,604 7,170 5,590 116,984The depreciation charge has been funded by:Deferred capital grants released (note 18)Revaluation reserve released (note 20)General income4,1363197,08511,54026
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