Statement of comprehensive net expenditure for the year ended 31 March 2012
To find out more about how each total was calculated, click on the number in the note column.
Restatement HM Treasury changed the status of the Agency on 1 April 2011 from a Trading Fund to a Departmental (i.e. supply) financed Executive Agency. The key implication arising from this change is that income received from the Department via the Vehicle Excise Duty Service Level Agreement (SLA) - £189.9 million (2010-11 £191.4 million) is now recognised as financing and therefore taken directly to the General Fund. Whereas it would have been recognised as income prior to change in status. The comparatives in the Statement of comprehensive net expenditure have been restated to reflect this change. See the Statement of changes in taxpayers’ equity for the year ended 31 March 2011 for details.
All income and expenditure are derived from continuing operations.
Notes forming part of these accounts appear in Notes to the Accounts.
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