SAAS Annual Report and Accounts 2013-2014 - page 45

SAAS
Dilapidations
Provision was created in 2008-09 for the anticipated dilapidation costs of ending the lease for Gyleview
House in November 2013. The lease was subsequently extended to May 2015 and the Agency plans to vacate
the building in December 2014. The provision is adjusted to discount for the future value of cash flows.
2013-14
Early
retirement
provision
£000
Dilapidations
provision
£000
Total
£000
Balance as at 1 April 2013
33
974
1,007
Provision utilised in the year
(21)
-
(21)
Borrowing costs (unwinding of discount)
(1)
-
(1)
Balance as at 31 March 2014
11
974
985
Analysis of expected timing of discounted flows
Current liabilities – within one year
5
974
979
Non-current liabilities – later than one year
and not later than five years
6
-
6
Balance as at 31 March 2014
11
974
985
2012-13
Early
retirement
provision
£000
Dilapidations
provision
£000
Total
£000
Balance as at 1 April 2012
62
943
1,005
Provision utilised in the year
(30)
-
(30)
Borrowing costs (unwinding of discount)
1
31
32
Balance as at 31 March 2013
33
974
1,007
Analysis of expected timing of discounted flows
Current liabilities – within one year
20
-
20
Non-current liabilities – later than one year and
not later than five years
13
974
987
Balance as at 31 March 2013
33
974
1,007
1...,35,36,37,38,39,40,41,42,43,44 46,47,48,49,50
Powered by FlippingBook