Scottish Government consolidated accounts: 2018-2019

5. Property, Plant and Equipment

5a. Property, Plant and Equipment

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

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

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

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

5c. Non Current Asset Disclosures

As part of the 5-year rolling programme, 8 properties - Gartcosh Crime Campus, the Marine Laboratory, Victoria Quay, Faskally Fisheries Laboratory, Shambellie House, Cameron House, Almondbank Salmon Rearing Unit and Baddoch Burn Fish Trap, underwent a formal revaluation as at 31 March 2019, all were inspected with the exception of Victoria Quay where a desktop valuation was carried out. These valuations were on the basis of Existing Use Value, with the exception of specialist buildings at Gartcosh Crime Campus and the Marine Laboratory 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 professional standards of the Royal Institution of Chartered Surveyors; RICS Valuation- Global Standards 2017 and RICS UK National Supplement 2017 (latest update effective from 14 January 2019), commonly known together as the Red Book. In particular UK VPGA (Valuation Practice Guidance- Application) 5 addresses the valuation of central government assets for accounting purposes.

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.