The Scottish Government Consolidated Accounts for the year ended 31 March 2018

Annual report of consolidated financial results of the Scottish Government, its Executive Agencies and the Crown Office, prepared in accordance with IFRS


5a. Property, Plant and Equipment

Land ¹ Buildings ² Dwellings Road Network ³ Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m £m
Cost or valuation
At 1 April 2017 481 6,629 637 21,542 207 1,192 414 89 2,870 34,061
Additions 7 31 1 7 2 55 21 1 758 883
Adjustments - (5) - (9) - - - - - (14)
Transfers 4 371 (1) 1,696 18 31 10 6 (2,139) (4)
Transfers (to) assets classified held for sale (1) - - - - - - - - (1)
Disposals (7) (2) - (1) (20) (81) (35) (8) - (154)
Revaluations to Revaluation Reserve 8 80 56 250 1 - - - - 395
Revaluations to Outturn Statement (1) 25 (1) - - - - - (13) 10
At 31 March 2018 491 7,129 692 23,485 208 1,197 410 88 1,476 35,176
Depreciation
At 1 April 2017 - 279 1 3,880 127 825 323 64 - 5,499
Charged in year - 194 19 52 16 81 31 6 - 399
Adjustments - (5) - (2) - - - - - (7)
Transfers - (2) - - - - - 1 - (1)
Disposal - (2) - - (20) (80) (35) (8) - (145)
Revaluations to Revaluation Reserve - (61) 1 160 1 - - - - 101
Revaluations to Outturn Statement - (52) (1) - 1 1 1 - - (50)
At 31 March 2018 - 351 20 4,090 125 827 320 63 - 5,796
Net book value at 31 March 2018 491 6,778 672 19,395 83 370 90 25 1,476 29,380
Net book value at 31 March 2017 481 6,350 636 17,662 80 367 91 25 2,870 28,562
Land ¹ Buildings ² Dwellings Road Network ³ Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m £m
Analysis of asset financing:
Owned 484 4,699 583 16,798 77 354 88 21 515 23,619
Finance Leased - 38 - - 2 1 - - - 41
PFI included in Statement of Financial Position 7 1,980 88 2,597 - 1 1 3 953 5,630
Donated Asset - 61 1 - 4 14 1 1 8 90
Net book value at 31 March 2018 491 6,778 672 19,395 83 370 90 25 1,476 29,380
Land ¹ Buildings ² Dwellings Road Network ³ Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m £m
Donated Asset Movement
Additions - 8 - - - 2 - - 5 15
Disposals - - - - - (4) - - - (4)

¹ - (land holdings and land underlying buildings); ² - (excluding dwellings); ³ - (including land)

5a. Property, Plant and Equipment (Cont.)

Prior Year Land ¹ Buildings ² Dwellings Road Network ³ Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m £m
Cost or valuation
At 1 April 2016 508 6,666 671 20,778 200 1,179 405 89 2,138 32,634
Additions 1 45 1 12 10 51 20 1 967 1,108
Adjustments (2) - - (133) - (1) 1 - - (135)
Transfers 6 169 - 4 3 20 11 - (224) (11)
Transfers (to) assets classified held for sale (13) - - - - - - - - (13)
Disposals (12) (90) (4) - (7) (57) (23) (1) (10) (204)
Revaluations to Revaluation Reserve 1 (102) (27) 881 1 - - - - 754
Revaluations to Outturn Statement (8) (59) (4) - - - - - (1) (72)
At 31 March 2017 481 6,629 637 21,542 207 1,192 414 89 2,870 34,061
Depreciation
At 1 April 2016 - 356 19 3,654 116 796 315 61 - 5,317
Charged in year - 192 20 79 16 84 32 7 - 430
Adjustments - 2 (2) (8) - - (1) (3) - (12)
Transfers (to) assets classified held for sale - (1) - - - - - - - (1)
Disposal - (100) (3) - (7) (55) (23) (1) - (189)
Revaluations to Revaluation Reserve - (175) (29) 155 1 - - - - (48)
Revaluations to Outturn Statement - 5 (4) - 1 - - - - 2
At 31 March 2017 - 279 1 3,880 127 825 323 64 - 5,499
Net book value 31 March 2017 481 6,350 636 17,662 80 367 91 25 2,870 28,562
Net book value 31 March 2016 508 6,310 652 17,124 84 383 90 28 2,138 27,317
Land ¹ Buildings ² Dwellings Road Network ³ Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m £m
Analysis of asset financing:
Owned 474 4,587 554 15,276 73 350 88 23 1,947 23,372
Finance Leased - 38 - - 3 1 - - - 42
PFI included in Statement of Financial Position 7 1,675 82 2,386 - 1 1 1 916 5,069
Donated Assets - 50 - - 4 15 2 1 7 79
Net book value at 31 March 2016 481 6,350 636 17,662 80 367 91 25 2,870 28,562
Land ¹ Buildings ² Dwellings Road Network ³ Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m £m
Donated Asset Movement
Additions - 3 - - - 3 - - 6 12
Disposals - (1) - - - (3) - - - (4)

¹ - (land holdings and land underlying buildings); ² - (excluding dwellings); ³ - (including land)

5b. Property, Plant and Equipment - NHS non-current assets included within note 5a

Land ¹ Buildings ² Dwellings Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m
Cost or valuation
At 1 April 2017 362 5,986 29 100 1,145 338 85 613 8,658
Additions 1 26 - 1 53 14 1 346 442
Transfers 4 371 (1) 18 31 10 6 (441) (2)
Transfers (to) assets classified held for sale (1) - - - - - - - (1)
Disposals (7) (2) - (20) (79) (33) (7) - (148)
Revaluations to Revaluation Reserve 6 36 (2) - - - - - 40
Revaluations to Outturn Statement (1) 24 (1) - - - - (13) 9
At 31 March 2018 364 6,441 25 99 1,150 329 85 505 8,998
Depreciation
At 1 April 2017 - 215 1 64 787 271 61 - 1,399
Charged in year - 172 1 10 78 23 6 - 290
Transfers - (2) - - - - 1 - (1)
Disposal - (2) - (20) (79) (32) (7) - (140)
Revaluations to Revaluation Reserve - (62) - - - - - - (62)
Revaluations to Outturn Statement - (52) (1) 1 1 - - - (51)
At 31 March 2018 - 269 1 55 787 262 61 - 1,435
Net book value at 31 March 2018 364 6,172 24 44 363 67 24 505 7,563
Net book value at 31 March 2017 362 5,771 28 36 358 67 24 613 7,259
Land ¹ Buildings ² Dwellings Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m
Analysis of asset financing:
Owned 357 4,151 24 44 346 65 20 390 5,397
Finance Leased - 27 - - 1 - - - 28
PFI included in Statement of Financial Position 7 1,934 - - 1 1 3 107 2,053
Donated Asset - 60 - - 15 1 1 8 85
Net book value at 31 March 2018 364 6,172 24 44 363 67 24 505 7,563
Land ¹ Buildings ² Dwellings Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m
Donated Asset Movement
Additions - 8 - - 2 - - 5 15
Disposals - - - - (4) - - - (4)

¹ - (land holdings and land underlying buildings); ² - (excluding dwellings);

5b. Property, Plant and Equipment - NHS non-current assets included within note 5a (Cont.)

Prior Year Land ¹ Buildings ² Dwellings Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m
Cost or valuation
At 1 April 2016 389 6,011 37 94 1,130 339 85 444 8,529
Additions 1 43 - 10 50 12 1 387 504
Transfers 6 169 - 3 20 9 - (207) -
Transfers (to) assets classified held for sale (15) - - - - - - - (15)
Disposals (12) (87) (4) (7) (55) (21) (1) (10) (197)
Revaluations to Revaluation Reserve 2 (88) (1) - - - - - (87)
Revaluations to Outturn Statement (9) (62) (3) - - (1) - (1) (76)
At 31 March 2017 362 5,986 29 100 1,145 338 85 613 8,658
Depreciation
At 1 April 2016 - 288 4 59 761 268 56 - 1,436
Charged in year - 169 1 11 80 24 6 - 291
Transfers (to) assets classified held for sale - (1) - - - - - - (1)
Disposal - (96) (3) (7) (54) (21) (1) - (182)
Revaluations to Revaluation Reserve - (155) (1) - - - - - (156)
Revaluation to Outturn Statement - 10 - 1 - - - - 11
At 31 March 2017 - 215 1 64 787 271 61 - 1,399
Net book value 31 March 2017 362 5,771 28 36 358 67 24 613 7,259
Net book value 31 March 2016 389 5,723 33 35 369 71 29 444 7,093
Land ¹ Buildings ² Dwellings Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m
Analysis of asset financing:
Owned 354 4,062 28 36 340 65 23 387 5,295
Finance Leased - 27 - - 1 - - - 28
PFI included in Statement of Financial Position 7 1,632 - - 1 1 - 219 1,860
Donated Asset 1 50 - - 16 1 1 7 76
Net book value at 31 March 2017 362 5,771 28 36 358 67 24 613 7,259
Land ¹ Buildings ² Dwellings Transport Equipment ICT Systems Fixtures and fittings Assets under Construction Total
£m £m £m £m £m £m £m £m £m
Donated Asset Movement
Additions - 3 - - 3 - - 6 12
Disposals - (1) - - (3) - - - (4)

¹ - (land holdings and land underlying buildings); ² - (excluding dwellings);

5c. Non Current Asset Disclosures

  2017-18 2016-17
£m £m
Net book value of Property, Plant and Equipment 29,380 28,562
Total value of assets held under:
Finance Leases 41 42
PFI and PPP Contracts 5,630 5,069
Total 5,671 5,111
Total depreciation charged in respect of assets held under:
Finance leases 5 5
PFI and PPP contracts 44 -
Total 49 5

As part of the 5-year rolling programme, 7 properties - Saughton House, Longman House, Strathbeg House, Tankerness Lane, Thainstone Court, Balrobert Farm and Knocknagael Farm, underwent a formal inspection and revaluation as at 31 March 2018. These valuations were on the basis of Existing Use Value, with the exception of specialist buildings at Knocknagael Farm which were valued on the basis of Depreciated Replacement Cost. Valuations were carried out by the VOA. These valuations were carried out in accordance with the Valuation Professional Standards 2014 (the Red Book) published by the Royal Institution of Chartered Surveyors.

In addition to the land and buildings recorded in the core portfolios' accounts, the consolidated accounts reflect some land and buildings which are specialised operational properties and have been valued at their depreciated replacement cost. As noted in the relevant underlying agency accounts, the open market value of these properties would be significantly lower.

The national NHS estate revaluation scheme came to an end at 31 March 2005. Individual boards have instituted their own schemes, details of which are available in the various NHS Board accounts. These schemes operate in accordance with Scottish Government policy on revaluation as set out in Note 1.2 to these accounts.

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