2008/09      
                                                                          
Settlement
                                                                              (£m) 
                                                                         
(1) Assumed start of 2004/2005 debt                                       168.196122
(2) Assumed 2004/2005 debt repayment                                        6.727845
      (= 4% of line 1)
(3) Estimated 2004/2005 Supported Capital Expenditure (Revenue)            31.032142
(4) Assumed end 2004/2005 (start 2005/2006) debt                          192.500419
      (= line 1 - line 2 + line 3)
(5) Assumed 2005/2006 debt repayment                                        7.700017
      (= 4% of line 4)
(6) Estimated 2005/2006 Supported Capital Expenditure (Revenue)            20.938942
(7) Assumed end 2005/2006 (start 2006/2007) debt                          205.739345
      (= line 4 - line 5 + line 6)
(8) Assumed 2006/2007 debt repayment                                        8.229574
      (= 4% of line 7)
(9) Estimated 2006/2007 Supported Capital Expenditure (Revenue)            18.307000
(10) Assumed end 2006/2007 (start 2007/2008) debt                         215.816771
      (= line 7 - line 8 + line 9)

(11) Assumed 2007/2008 debt repayment                                       8.632671
      (= 4% of line 10)
(12) Estimated 2007/2008 Supported Capital Expenditure (Revenue)           12.776000
(13) Assumed end 2007/2008 (start 2008/2009) debt                         219.960100
      (= line 10 - line 11 + line 12)
(14) Assumed 2008/2009 debt repayment                                       8.798404
      (= 4% of line 13)
(15) Estimated 2008/2009 Supported Capital Expenditure (Revenue)           15.273943
(16) Assumed end 2008/2009 (start 2009/2010) debt                         226.435639
      (= line 13 - line 14 + line 15)


(17) Assumed mid-2008/2009 debt                                           223.197869
      (= line 13 / 2 + line 16 / 2)

(18) Assumed 2008/2009 interest charges                                    12.275883
      (= 5.5% of line 17)

(19) Assumed 2008/2009 debt repayment & interest charges                   21.074287 
      (= line 14 + line 18)

(20) Capital Financing scaling factor                                   0.15997527478564
(21) Capital Financing RNF                                              0.00033713648246
      (= line 19 x line 20/ 10,000,000,000)

LGF-FGD - May 2008. Contact: Tom Joss on Thomas.Joss@communities.gsi.gov.uk.

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