(i)
Appendix 2
IMPLICATIONS OF ADOPTING RECOMMENDATIONS SET OUT IN PARA. 5.1 OF THE REPORT
Projected Income & Expenditure Account 1986/87 to 1990/91
1986/87
$M
1987/88
$M
1988/89
$M
1989/90
$M
1990/91
$M
Total Operating Income
810.7
805.5
910.5
987.7
1,102.0
Interest Received
132.9
3.0
7.0
10.2
12.2
Total Income
943.6
808.5
917.5
997.9
1,114.2
Less: Total Operating
Expenditure
396.7
446.6
514.7
597.2
688.2
Interest Paid
2.3
3.6
7.8
6.9
5.4
Total Expenditure
399.0
450.2
522.5
604.1
693.6
Surplus Before
Taxation
544.6
358.3
395.0
393.8
420.6
Less: Taxation (17%)
92.6
60.9
67.2
66.9
71.5
Surplus After
Taxation
452.0
297.4
327.8
326.9
349.1
Accumulated Surplus
Brought Forward
2,765.4
3,217.4
1,724.8
1,956.4
2,156.5
Less: Dividends
[see (iv)]
Transfer (to)/from
Surplus Equalisation Account
1,755.3
74.3
147.5
240.9
(34.7)
(21.9)
20.7
25.0
Accumulated Surplus
Carried Forward
3,217.4
1,724.8
1,956.4
2,156.5
2,289.7
(ii) Projected Balance Sheet 1986/87 to 1990/91
1986/87
$M
1987/88
$M
1988/89
$M
1989/90
$M
1990/91
$M
2,657.6
2,897.2
3,182.7
3,360.2
3,470.6
Net Fixed Assets
Current Assets
-
Treasury Current
Account
1,718.4
34.7
56.6
35.9
10.9
-
Debtors
62.7
66.5
72.5
81.6
91.3
Less: Total
Liabilities
Net Assets
Financed by
Land Revaluation
Reserve
Surplus Equalisation
39.3
56.9
116.8
103.3
90.2
4,
.399.4
2,941.5
3,195.0
3,374.4
3,482.6
1,182.0
1,182.0
1,
182.0
1,
182.0
1, 182.0
Account
34.7
56.6
35.9
10.9
Accumulated Surplus
3,217.4
1,724.8
1,956.4
2,156.5
2,289.7
4,399.4
2,941.5
3,195.0
3,374.4
3,482.6
No comments yet.
Private notes are available after approval.