2009 financial overview
Analysis of Expenditure
| Year Ended 31/03/2008 | Year Ended 31/03/2009 | |||||
| £000s | % | % of Total Expenditure | £000s | % | % of Total Expenditure | |
| Staffing Costs | 1,040 | 100% | 65% | 1,083 | 100% | 68% |
| Operating Costs | ||||||
| Admistration♦ (1) | 398 | 69% | 24% | 334 | 69% | 21% |
| Travel Expenses | 12 | 2% | 1% | 12 | 2% | 1% |
| Property♦♦ | 73 | 13% | 4% | 74 | 15% | 5% |
| Audit | 15 | 3% | 1% | 16 | 3% | 1% |
| Depreciation | 66 | 12% | 4% | 43 | 9% | 3% |
| Notional Cost of Capital | 9 | 1% | 1% | 9 | 2% | 0% |
| Operating Costs | 573 | 100% | 35% | 488 | 100% | 31% |
| Total Operating Expenditure | 1,613 | 99% | 1,571 | 99% | ||
| Capital Expenditure | ||||||
| Fixed Assets: | ||||||
| IT Systems | 18 | 78% | 1% | 13 | 57% | 1% |
| Fixtures and Fixings | 4 | 18% | 0% | 0 | 0% | 1% |
| Buildings | 0 | 0% | 0% | 7 | 30% | 0% |
| Intangibles: | ||||||
| Other | 1 | 4% | 0% | 3 | 13% | 0% |
| Capital Expenditure | 23 | 100% | 1% | 23 | 100% | 1% |
| Total Expenditure | 1,636 | 100% | 1,594 | 100% | ||
| Summary | ||||||
| Staffing Costs | 1,040 | 64% | 1,083 | 68% | ||
| Operating Costs (1) | 573 | 35% | 488 | 31% | ||
| Capital Expenditure | 23 | 1% | 23 | 1% | ||
| Total Expenditure | 1,636 | 100% | 1,594 | 100% | ||
♦ Including advertising costs, research, publications and promotion.
♦♦ Including rent and rates.
(1) Includes legal costs of £92,000 (2007: £188,000) incurred in defending Appeals to the Court of Session.
Full accounts, audited by Grant Thornton UK LLP, are available on my website www.itspublicknowledge.info or by contacting my Office.
