Office of the Deputy Prime Minister

2006/07 Settlement
Table 5A: Calculation of 2006/07 Capital Financing for Amber Valley (R52/E1031)



                                                                          2006/07      2006/07
                                                                          Consultation   Settlement

(1)  Assumed start of 1990/91 debt (£m)                                   4.924619     4.924619 
(2)  Assumed 1990/91 debt repayment (£m)                                  0.196985     0.196985 
      (= 4% of line 1)
(3)  Actual 1990/91 Credit Approvals (£m)                                 0.183000     0.183000 
(4)  Assumed end 1990/91 (start 1991/92) debt (£m)                        4.910634     4.910634 
      (= line 1 - line 2 + line 3)
(5)  Assumed 1991/92 debt repayment (£m)                                  0.196425     0.196425
      (= 4% of line 4)
(6)  Estimated 1991/92 Credit Approvals (£m)                              0.156000     0.156000
(7)  Assumed end 1991/92 (start 1992/93) debt (£m)                        4.870209     4.870209
      (= line 4 - line 5 + line 6)
(8)  Assumed 1992/93 debt repayment (£m)                                  0.194808     0.194808
      (= 4% of line 7)
(9)  Estimated 1992/93 Credit Approvals (£m)                              0.487000     0.487000
(10) Assumed end 1992/93 debt (£m)                                        5.162400     5.162400
      (= 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)             5.162400     5.162400
      (= line 10 - line 11)
(13) Assumed 1993/94 debt repayment (£m)                                  0.206496     0.206496
      (= 4% of line 12)
(14) Estimated 1993/94 Credit Approvals (£m)                              0.305000     0.305000
(15) Assumed end 1993/94 (start 1994/95) debt (£m)                        5.260904     5.260904
      (= line 12 - line 13 + line 14)
(16) Assumed 1994/95 debt repayment (£m)                                  0.210436     0.210436
      (= 4% of line 15)
(17) Estimated 1994/95 Credit Approvals (£m)                              0.499000     0.499000
(18) Assumed end 1994/95 (start 1995/96) debt (£m)                        5.549468     5.549468
      (= line 15 - line 16 + line 17)
(19) Assumed 1995/96 debt repayment (£m)                                  0.221979     0.221979
      (= 4% of line 18)
(20) Estimated 1995/96 Credit Approvals (£m)                              0.606000     0.606000
(21) Assumed end 1995/96 (start 1996/97) debt (£m)                        5.933490     5.933490
      (= line 18 - line 19 + line 20)
(22) Assumed 1996/97 debt repayment (£m)                                  0.237340     0.237340
      (= 4% of line 21)
(23) Estimated 1996/97 Credit Approvals (£m)                              0.438000     0.438000
(24) Assumed end 1996/97 (start 1997/98) debt (£m)                        6.134150     6.134150
      (= line 21 - line 22 + line 23)
(25) Assumed 1997/98 debt repayment (£m)                                  0.245366     0.245366
      (= 4% of line 24)
(26) Estimated 1997/98 Credit Approvals (£m)                              0.313000     0.313000
(27) Assumed end 1997/98 (start 1998/99) debt (£m)                        6.201784     6.201784
      (= line 24 - line 25 + line 26)
(28) Assumed 1998/99 debt repayment (£m)                                  0.248071     0.248071
      (= 4% of line 27)
(29) Estimated 1998/99 Credit Approvals (£m)                              0.412000     0.412000
(30) Assumed end 1998/99 (start 1999/2000) debt (£m)                      6.365713     6.365713
      (= line 27 - line 28 + line 29)
(31) Assumed 1999/2000 debt repayment (£m)                                0.254629     0.254629
      (= 4% of line 30)
(32) Estimated 1999/2000 Credit Approvals (£m)                            0.224000     0.224000

(33) Assumed end 1999/2000 (start 2000/2001) debt (£m)                    6.335084     6.335084
      (= line 30 - line 31 + line 32)
(34) Assumed 2000/2001 debt repayment (£m)                                0.253403     0.253403
      (= 4% of line 33)
(35) Estimated 2000/2001 Credit Approvals (£m)                            1.449000     1.449000
(36) Assumed end 2000/2001 (start 2001/2002) debt (£m)                    7.530681     7.530681
      (= line 33 - line 34 + line 35)
(37) Assumed 2001/2002 debt repayment (£m)                                0.301227     0.301227
      (= 4% of line 36)
(38) Estimated 2001/2002 Credit Approvals (£m)                            0.470000     0.470000
(39) Assumed end 2001/2002 (start 2002/2003) debt (£m)                    7.699454     7.699454
      (= line 36 - line 37 + line 38)
(40) Assumed 2002/2003 debt repayment (£m)                                0.307978     0.307978
      (= 4% of line 39)
(41) Estimated 2002/2003 Credit Approvals (£m)                            0.480000     0.480000
(42) Assumed end 2002/2003 (start 2003/2004) debt (£m)                    7.871475     7.871475
      (= line 39 - line 40 + line 41)
(43) Assumed 2003/2004 debt repayment (£m)                                0.314859     0.314859
      (= 4% of line 42)
(44) Estimated 2003/2004 Credit Approvals (£m)                            0.301000     0.301000
(45) Assumed end 2003/2004 (start 2004/2005) debt (£m)                    7.857616     7.857616
      (= line 42 - line 43 + line 44)
(46) Assumed 2004/2005 debt repayment (£m)                                0.314305     0.314305
      (= 4% of line 45)
(47) Estimated 2004/2005 Supported Capital Expenditure (Revenue) (£m)     0.921000     0.921000
(48) Assumed end 2004/2005 (start 2005/2006) debt (£m)                    8.464312     8.464312
      (= line 45 - line 46 + line 47)
(49) Assumed 2005/2006 debt repayment (£m)                                0.338572     0.338572
      (= 4% of line 48)
(50) Estimated 2005/2006 Supported Capital Expenditure (Revenue) (£m)     0.895000     1.060000
(51) Assumed end 2005/2006 (start 2006/2007) debt (£m)                    9.020739     9.185739
      (= line 48 - line 49 + line 50)
(52) Assumed 2006/2007 debt repayment (£m)                                0.360830     0.367430
      (= 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)                    8.659910     8.818310
      (= line 51 - line 52 + line 53)


(55) Assumed mid-2006/2007 debt (£m)                                      8.840324     9.002024
      (= line 51 / 2 + line 54 / 2)

(56) Assumed 2006/2007 interest charges (£m)                              0.530419     0.540121
      (= 6.0% of line 55)

(57) Assumed 2006/2007 debt repayment & interest charges (£m)             0.891249     0.907551
      (= line 52 + line 56)

(58) Capital Financing scaling factor                                     0.181026671600 0.180343688068
(59) Capital Financing RNF                                               .0000161339847 .0000163671101
      (= 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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