Publications and Reports| annual report and accounts 2002-03 |
Schedule 2
Operating Cost Statement
for the year ended 31 March 2003
| Note | 2002-03 | Restated (Note 26) 2001-02 | |
|---|---|---|---|
| £000 | £000 | ||
| Staff costs |
2 |
9,969,242 |
|
| Other operating costs |
3 |
27,840,791 |
|
| Gross operating costs |
37,810,033 |
29,316,716 | |
| Operating income |
4 |
(1,357,700) |
(1,195,682) |
| Net operating cost before interest |
36,452,333 |
28,121,034 | |
| Net interest payable |
5 |
266,532 |
229,820 |
| Cost of capital charge |
17 |
5,074,726 |
5,124,775 |
| Net operating cost |
41,793,591 |
33,475,629 | |
| Net resource outturn |
6 |
42,013,684 |
33,518,671 |
Statement of Recognised Gains and Losses
for the year ended 31 March 2003
| Note | 2002-03 | 2001-02 | |
|---|---|---|---|
| £000 | £000 | ||
| Net (gain) on revaluation of fixed assets and stocks |
18 |
(4,463,447) |
(1,955,801) |
| Receipts of donated assets and (gain) on revaluation |
18 |
(521,653) |
(38,799) |
| Prior year adjustments |
26 |
152,917 |
(960,962) |
| Surplus generated on formation of QinetiQ and Defence Science and Technology Laboratory (DSTL) and disestablishment of the Defence Evaluation and Research Agency (DERA). |
17 |
- |
(297,066) |
| Recognised (gains) during the year |
(4,832,183) |
(3,252,628) |
The results shown above are in respect of continuing activity.
The notes on pages 97 to 141 form part of these financial statements.
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Last Updated: 2 Dec 03