The North / South Language Body Annual Report & Accounts 2009

7. GRANT COMMITMENTSThe agency makes offers of grant assistance which, if accepted, remain valid as commitments of the Agency.Such offers are decommitted when the offer period has expired or the circumstances alter.2009 2009 2008 2008STG £ € STG £Grant Commitments as at 31 December 27,751 34,850 55,187 80,634Grant Approvals in period 1,747,252 1,961,289 1,235,357 1,551,361Grants Decommitted in period (17,575) (19,728) (11,140) (13,990)Grant Expenditure (1,378,571) (1,547,445) (1,251,653) (1,571,836)Grant Commitments as at 31 December 378,857 428,966 27,751 46,169Currency translation adjustment (3,699) (11,319)Grant Commitments as at 31 December restated 378,857 425,267 27,751 34,8508. FIXED ASSETSComputer EquipmentOfficeEquipmentFixtures &Fittings Total TotalSTG £ STG £ STG £ STG £ €COSTAt 31 December 2008 66,876 50,238 82,855 199,969 209,941Additions 966 0 14,399 15,365 17,247Disposals 0 0 0 0 0At 31 December 2009 67,842 50,238 97,254 215,334 227,188DEPRECIATIONAt 31 December 2008 44,352 24,346 14,551 83,229 87,379Provision for the year 6,019 8,222 5,011 19,252 21,610Disposals 0 0 0 0 0At 31 December 2009 50,371 32,548 19,562 102,481 108,989NET BOOK VALUE 17,471 17,690 77,692 112,853 118,199At 31 December 2009 (€) 17,976 17,975 82,248 118,199Currency Translation Adjustment 1,696 1,944 5,233 8,873At 31 December 2009 (€) as restated 19,672 19,919 87,481 127,072At 31 December 2008 STG £ 22,524 25,912 68,304 116,740At 31 December 2008 € 23,648 27,204 71,710 122,56249