---

Dept of Trade and Industry

Answer

Mr. Campbell-Savours: To ask the President of the Board of Trade what (a) rental, (b) leased and (c) freehold property assets are held by the Radio Communications Agency. [24689] Mrs. Roche: [holding answer 26 January 1998]: The following figures are the latest available for a full financial year. This information covers only properties for which the Agency was then required to disclose asset details in its audited balance sheet. At that time, the Agency did not include in its balance sheet capital values for freehold, long leasehold or rented properties or related land which it occupied, except where it had incurred capital costs itself in acquiring or improving those properties. At 31 March 1997, the carrying value of such costs was £2,420,000, relating almost exclusively to fitting out its leased temporary headquarters at London Blackfriars. The position will change with effect from 31 March 1998 when PRS rents are abolished. Property values will subsequently be included in the balance sheet where the Agency is the sole or major occupier. The fixed asset carrying values of such properties that would have applied at 31 March 1997, if PRS rents had already been abolished, was £819,000. The details have been taken from the Agency's Annual Report and Accounts 1996-97 which is available in the Libraries of the House.

Secondary information

Type

Written question

Reference

306 c199-200W; 24689

Session

1997-98

Subjects

Executive agencies Land Leasehold Freehold Ownership Tenure Rented housing Radiocommunications Agency

Contains statistics

Yes