2009/10      
                                                                          
Settlement                                                                     (£m) 
                                                                         
(1) Assumed start of 2004/2005 debt                                       219.869026
(2) Assumed 2004/2005 debt repayment                                        8.794761
      (= 4% of line 1)
(3) Estimated 2004/2005 Supported Capital Expenditure (Revenue)            27.927228
(4) Assumed end 2004/2005 (start 2005/2006) debt                          239.001493
      (= line 1 - line 2 + line 3)
(5) Assumed 2005/2006 debt repayment                                        9.560060
      (= 4% of line 4)
(6) Estimated 2005/2006 Supported Capital Expenditure (Revenue)            26.036000
(7) Assumed end 2005/2006 (start 2006/2007) debt                          255.477433
      (= line 4 - line 5 + line 6)
(8) Assumed 2006/2007 debt repayment                                       10.219097
      (= 4% of line 7)
(9) Estimated 2006/2007 Supported Capital Expenditure (Revenue)            29.101935
(10) Assumed end 2006/2007 (start 2007/2008) debt                         274.360271
      (= line 7 - line 8 + line 9)
(11) Assumed 2007/2008 debt repayment                                      10.974411
      (= 4% of line 10)
(12) Estimated 2007/2008 Supported Capital Expenditure (Revenue)           22.699295
(13) Assumed end 2007/2008 (start 2008/2009) debt                         286.085155
      (= line 10 - line 11 + line 12)
(14) Assumed 2008/2009 debt repayment                                      11.443406
      (= 4% of line 13)
(15) Estimated 2008/2009 Supported Capital Expenditure (Revenue)           32.110659
(16) Assumed end 2008/2009 (start 2009/2010) debt                         306.752408
      (= line 13 - line 14 + line 15)
(17) Assumed 2009/2010 debt repayment                                      12.270096
      (= 4% of line 16)
(18) Estimated 2009/2010 Supported Capital Expenditure (Revenue)           31.306185
(19) Assumed end 2009/2010 (start 2010/2011) debt                         325.788496
      (= line 16 - line 17 + line 18)


(20) Assumed mid-2009/2010 debt                                           316.270452
      (= line 16 / 2 + line 19 / 2)

(21) Assumed 2009/2010 interest charges                                    17.078604
      (= 5.4% of line 20)

(22) Assumed 2009/2010 debt repayment & interest charges                   29.348701 
      (= line 17 + line 21)

(23) Capital Financing scaling factor                                   0.16188458389379
(24) Capital Financing RNF                                              0.00047511022049
      (= line 22 x line 23/ 10,000,000,000)

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

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