Office of the Deputy Prime Minister

2006/07 Settlement
Table 5A: Calculation of 2006/07 Capital Financing for Allerdale (R46/E0931)



                                                                          2006/07      2006/07
                                                                          Consultation   Settlement

(1)  Assumed start of 1990/91 debt (£m)                                   9.218188     9.218188 
(2)  Assumed 1990/91 debt repayment (£m)                                  0.368728     0.368728 
      (= 4% of line 1)
(3)  Actual 1990/91 Credit Approvals (£m)                                 0.200000     0.200000 
(4)  Assumed end 1990/91 (start 1991/92) debt (£m)                        9.049461     9.049461 
      (= line 1 - line 2 + line 3)
(5)  Assumed 1991/92 debt repayment (£m)                                  0.361978     0.361978
      (= 4% of line 4)
(6)  Estimated 1991/92 Credit Approvals (£m)                              0.556000     0.556000
(7)  Assumed end 1991/92 (start 1992/93) debt (£m)                        9.243482     9.243482
      (= line 4 - line 5 + line 6)
(8)  Assumed 1992/93 debt repayment (£m)                                  0.369739     0.369739
      (= 4% of line 7)
(9)  Estimated 1992/93 Credit Approvals (£m)                              0.352000     0.352000
(10) Assumed end 1992/93 debt (£m)                                        9.225743     9.225743
      (= 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)             9.225743     9.225743
      (= line 10 - line 11)
(13) Assumed 1993/94 debt repayment (£m)                                  0.369030     0.369030
      (= 4% of line 12)
(14) Estimated 1993/94 Credit Approvals (£m)                              0.284000     0.284000
(15) Assumed end 1993/94 (start 1994/95) debt (£m)                        9.140713     9.140713
      (= line 12 - line 13 + line 14)
(16) Assumed 1994/95 debt repayment (£m)                                  0.365629     0.365629
      (= 4% of line 15)
(17) Estimated 1994/95 Credit Approvals (£m)                              0.122000     0.122000
(18) Assumed end 1994/95 (start 1995/96) debt (£m)                        8.897085     8.897085
      (= line 15 - line 16 + line 17)
(19) Assumed 1995/96 debt repayment (£m)                                  0.355883     0.355883
      (= 4% of line 18)
(20) Estimated 1995/96 Credit Approvals (£m)                              0.133000     0.133000
(21) Assumed end 1995/96 (start 1996/97) debt (£m)                        8.674201     8.674201
      (= line 18 - line 19 + line 20)
(22) Assumed 1996/97 debt repayment (£m)                                  0.346968     0.346968
      (= 4% of line 21)
(23) Estimated 1996/97 Credit Approvals (£m)                              0.226000     0.226000
(24) Assumed end 1996/97 (start 1997/98) debt (£m)                        8.553233     8.553233
      (= line 21 - line 22 + line 23)
(25) Assumed 1997/98 debt repayment (£m)                                  0.342129     0.342129
      (= 4% of line 24)
(26) Estimated 1997/98 Credit Approvals (£m)                              0.183000     0.183000
(27) Assumed end 1997/98 (start 1998/99) debt (£m)                        8.394104     8.394104
      (= line 24 - line 25 + line 26)
(28) Assumed 1998/99 debt repayment (£m)                                  0.335764     0.335764
      (= 4% of line 27)
(29) Estimated 1998/99 Credit Approvals (£m)                              0.569000     0.569000
(30) Assumed end 1998/99 (start 1999/2000) debt (£m)                      8.627340     8.627340
      (= line 27 - line 28 + line 29)
(31) Assumed 1999/2000 debt repayment (£m)                                0.345094     0.345094
      (= 4% of line 30)
(32) Estimated 1999/2000 Credit Approvals (£m)                            0.884000     0.884000

(33) Assumed end 1999/2000 (start 2000/2001) debt (£m)                    9.166246     9.166246
      (= line 30 - line 31 + line 32)
(34) Assumed 2000/2001 debt repayment (£m)                                0.366650     0.366650
      (= 4% of line 33)
(35) Estimated 2000/2001 Credit Approvals (£m)                            1.711000     1.711000
(36) Assumed end 2000/2001 (start 2001/2002) debt (£m)                   10.510596    10.510596
      (= line 33 - line 34 + line 35)
(37) Assumed 2001/2002 debt repayment (£m)                                0.420424     0.420424
      (= 4% of line 36)
(38) Estimated 2001/2002 Credit Approvals (£m)                            1.456000     1.456000
(39) Assumed end 2001/2002 (start 2002/2003) debt (£m)                   11.546173    11.546173
      (= line 36 - line 37 + line 38)
(40) Assumed 2002/2003 debt repayment (£m)                                0.461847     0.461847
      (= 4% of line 39)
(41) Estimated 2002/2003 Credit Approvals (£m)                            2.410000     2.410000
(42) Assumed end 2002/2003 (start 2003/2004) debt (£m)                   13.494326    13.494326
      (= line 39 - line 40 + line 41)
(43) Assumed 2003/2004 debt repayment (£m)                                0.539773     0.539773
      (= 4% of line 42)
(44) Estimated 2003/2004 Credit Approvals (£m)                            1.682734     1.682734
(45) Assumed end 2003/2004 (start 2004/2005) debt (£m)                   14.637287    14.637287
      (= line 42 - line 43 + line 44)
(46) Assumed 2004/2005 debt repayment (£m)                                0.585491     0.585491
      (= 4% of line 45)
(47) Estimated 2004/2005 Supported Capital Expenditure (Revenue) (£m)     1.399964     1.399964
(48) Assumed end 2004/2005 (start 2005/2006) debt (£m)                   15.451759    15.451759
      (= line 45 - line 46 + line 47)
(49) Assumed 2005/2006 debt repayment (£m)                                0.618070     0.618070
      (= 4% of line 48)
(50) Estimated 2005/2006 Supported Capital Expenditure (Revenue) (£m)     5.343700     5.343700
(51) Assumed end 2005/2006 (start 2006/2007) debt (£m)                   20.177389    20.177389
      (= line 48 - line 49 + line 50)
(52) Assumed 2006/2007 debt repayment (£m)                                0.807096     0.807096
      (= 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)                   19.370293    19.370293
      (= line 51 - line 52 + line 53)


(55) Assumed mid-2006/2007 debt (£m)                                     19.773841    19.773841
      (= line 51 / 2 + line 54 / 2)

(56) Assumed 2006/2007 interest charges (£m)                              1.186430     1.186430
      (= 6.0% of line 55)

(57) Assumed 2006/2007 debt repayment & interest charges (£m)             1.993526     1.993526
      (= line 52 + line 56)

(58) Capital Financing scaling factor                                     0.181026671600 0.180343688068
(59) Capital Financing RNF                                               .0000360881380 .0000359519834
      (= 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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