Office of the Deputy Prime Minister

2006/07 Settlement
Table 5A: Calculation of 2006/07 Capital Financing for Arun (R286/E3832)



                                                                          2006/07      2006/07
                                                                          Consultation   Settlement

(1)  Assumed start of 1990/91 debt (£m)                                   7.529269     7.529269 
(2)  Assumed 1990/91 debt repayment (£m)                                  0.301171     0.301171 
      (= 4% of line 1)
(3)  Actual 1990/91 Credit Approvals (£m)                                 1.185000     1.185000 
(4)  Assumed end 1990/91 (start 1991/92) debt (£m)                        8.413098     8.413098 
      (= line 1 - line 2 + line 3)
(5)  Assumed 1991/92 debt repayment (£m)                                  0.336524     0.336524
      (= 4% of line 4)
(6)  Estimated 1991/92 Credit Approvals (£m)                              1.480000     1.480000
(7)  Assumed end 1991/92 (start 1992/93) debt (£m)                        9.556574     9.556574
      (= line 4 - line 5 + line 6)
(8)  Assumed 1992/93 debt repayment (£m)                                  0.382263     0.382263
      (= 4% of line 7)
(9)  Estimated 1992/93 Credit Approvals (£m)                              1.759000     1.759000
(10) Assumed end 1992/93 debt (£m)                                       10.933311    10.933311
      (= line 7 - line 8 + line 9)
(11) Assumed Further Education Debt (£m)                                  0.000000     0.000000
(12) Assumed start 1993/94 debt after FE debt adjustment (£m)            10.933311    10.933311
      (= line 10 - line 11)
(13) Assumed 1993/94 debt repayment (£m)                                  0.437332     0.437332
      (= 4% of line 12)
(14) Estimated 1993/94 Credit Approvals (£m)                              0.189000     0.189000
(15) Assumed end 1993/94 (start 1994/95) debt (£m)                       10.684979    10.684979
      (= line 12 - line 13 + line 14)
(16) Assumed 1994/95 debt repayment (£m)                                  0.427399     0.427399
      (= 4% of line 15)
(17) Estimated 1994/95 Credit Approvals (£m)                              0.146000     0.146000
(18) Assumed end 1994/95 (start 1995/96) debt (£m)                       10.403580    10.403580
      (= line 15 - line 16 + line 17)
(19) Assumed 1995/96 debt repayment (£m)                                  0.416143     0.416143
      (= 4% of line 18)
(20) Estimated 1995/96 Credit Approvals (£m)                              0.044000     0.044000
(21) Assumed end 1995/96 (start 1996/97) debt (£m)                       10.031437    10.031437
      (= line 18 - line 19 + line 20)
(22) Assumed 1996/97 debt repayment (£m)                                  0.401257     0.401257
      (= 4% of line 21)
(23) Estimated 1996/97 Credit Approvals (£m)                              0.042000     0.042000
(24) Assumed end 1996/97 (start 1997/98) debt (£m)                        9.672179     9.672179
      (= line 21 - line 22 + line 23)
(25) Assumed 1997/98 debt repayment (£m)                                  0.386887     0.386887
      (= 4% of line 24)
(26) Estimated 1997/98 Credit Approvals (£m)                              0.128000     0.128000
(27) Assumed end 1997/98 (start 1998/99) debt (£m)                        9.413292     9.413292
      (= line 24 - line 25 + line 26)
(28) Assumed 1998/99 debt repayment (£m)                                  0.376532     0.376532
      (= 4% of line 27)
(29) Estimated 1998/99 Credit Approvals (£m)                              0.334000     0.334000
(30) Assumed end 1998/99 (start 1999/2000) debt (£m)                      9.370760     9.370760
      (= line 27 - line 28 + line 29)
(31) Assumed 1999/2000 debt repayment (£m)                                0.374830     0.374830
      (= 4% of line 30)
(32) Estimated 1999/2000 Credit Approvals (£m)                            0.429000     0.429000

(33) Assumed end 1999/2000 (start 2000/2001) debt (£m)                    9.424930     9.424930
      (= line 30 - line 31 + line 32)
(34) Assumed 2000/2001 debt repayment (£m)                                0.376997     0.376997
      (= 4% of line 33)
(35) Estimated 2000/2001 Credit Approvals (£m)                            0.862000     0.862000
(36) Assumed end 2000/2001 (start 2001/2002) debt (£m)                    9.909933     9.909933
      (= line 33 - line 34 + line 35)
(37) Assumed 2001/2002 debt repayment (£m)                                0.396397     0.396397
      (= 4% of line 36)
(38) Estimated 2001/2002 Credit Approvals (£m)                            0.253000     0.253000
(39) Assumed end 2001/2002 (start 2002/2003) debt (£m)                    9.766535     9.766535
      (= line 36 - line 37 + line 38)
(40) Assumed 2002/2003 debt repayment (£m)                                0.390661     0.390661
      (= 4% of line 39)
(41) Estimated 2002/2003 Credit Approvals (£m)                            0.486000     0.486000
(42) Assumed end 2002/2003 (start 2003/2004) debt (£m)                    9.861874     9.861874
      (= line 39 - line 40 + line 41)
(43) Assumed 2003/2004 debt repayment (£m)                                0.394475     0.394475
      (= 4% of line 42)
(44) Estimated 2003/2004 Credit Approvals (£m)                            0.628154     0.628154
(45) Assumed end 2003/2004 (start 2004/2005) debt (£m)                   10.095553    10.095553
      (= line 42 - line 43 + line 44)
(46) Assumed 2004/2005 debt repayment (£m)                                0.403822     0.403822
      (= 4% of line 45)
(47) Estimated 2004/2005 Supported Capital Expenditure (Revenue) (£m)     0.631858     0.631858
(48) Assumed end 2004/2005 (start 2005/2006) debt (£m)                   10.323588    10.323588
      (= line 45 - line 46 + line 47)
(49) Assumed 2005/2006 debt repayment (£m)                                0.412944     0.412944
      (= 4% of line 48)
(50) Estimated 2005/2006 Supported Capital Expenditure (Revenue) (£m)     0.722279     0.731279
(51) Assumed end 2005/2006 (start 2006/2007) debt (£m)                   10.632924    10.641924
      (= line 48 - line 49 + line 50)
(52) Assumed 2006/2007 debt repayment (£m)                                0.425317     0.425677
      (= 4% of line 51)
(53) Estimated 2006/2007 Supported Capital Expenditure (Revenue) (£m)     0.000000     0.000000
(54) Assumed end 2006/2007 (start 2007/2008) debt (£m)                   10.207607    10.216247
      (= line 51 - line 52 + line 53)


(55) Assumed mid-2006/2007 debt (£m)                                     10.420265    10.429085
      (= line 51 / 2 + line 54 / 2)

(56) Assumed 2006/2007 interest charges (£m)                              0.625216     0.625745
      (= 6.0% of line 55)

(57) Assumed 2006/2007 debt repayment & interest charges (£m)             1.050533     1.051422
      (= line 52 + line 56)

(58) Capital Financing scaling factor                                     0.181026671600 0.180343688068
(59) Capital Financing RNF                                               .0000190174464 .0000189617329
      (= line 57 x line 58 / 10,000,000,000)

LGF-FGD Division, ODPM - February 2006. Contact: Grant Kelly on grant.kelly@odpm.gsi.gov.uk.

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