2010/11      
                                                                        
Settlement
                                                                              (£m) 
                                                                         
(1) Assumed start of 2004/2005 debt                                         6.794828
(2) Assumed 2004/2005 debt repayment                                        0.271793
      (= 4% of line 1)
(3) Estimated 2004/2005 Supported Capital Expenditure (Revenue)             1.068000
(4) Assumed end 2004/2005 (start 2005/2006) debt                            7.591035
      (= line 1 - line 2 + line 3)
(5) Assumed 2005/2006 debt repayment                                        0.303641
      (= 4% of line 4)
(6) Estimated 2005/2006 Supported Capital Expenditure (Revenue)             1.069000
(7) Assumed end 2005/2006 (start 2006/2007) debt                            8.356394
      (= line 4 - line 5 + line 6)
(8) Assumed 2006/2007 debt repayment                                        0.334256
      (= 4% of line 7)
(9) Estimated 2006/2007 Supported Capital Expenditure (Revenue)             0.000000
(10) Assumed end 2006/2007 (start 2007/2008) debt                           8.022138
      (= line 7 - line 8 + line 9)
(11) Assumed 2007/2008 debt repayment                                       0.320886
      (= 4% of line 10)
(12) Estimated 2007/2008 Supported Capital Expenditure (Revenue)            0.000000
(13) Assumed end 2007/2008 (start 2008/2009) debt                           7.701253
      (= line 10 - line 11 + line 12)
(14) Assumed 2008/2009 debt repayment                                       0.308050
      (= 4% of line 13)
(15) Estimated 2008/2009 Supported Capital Expenditure (Revenue)            0.000000
(16) Assumed end 2008/2009 (start 2009/2010) debt                           7.393203
      (= line 13 - line 14 + line 15)
(17) Assumed 2009/2010 debt repayment                                       0.295728
      (= 4% of line 16)
(18) Estimated 2009/2010 Supported Capital Expenditure (Revenue)            0.000000
(19) Assumed end 2009/2010 (start 2010/2011) debt                           7.097474
      (= line 16 - line 17 + line 18)
(20) Assumed 2010/2011 debt repayment                                       0.283899
      (= 4% of line 19)
(21) Estimated 2010/2011 Supported Capital Expenditure (Revenue)            0.000000
(22) Assumed end 2010/2011 (start 2011/2012) debt                           6.813575
      (= line 19 - line 20 + line 21)


(23) Assumed mid-2010/2011 debt                                             6.955525
      (= line 19 / 2 + line 22 / 2)

(24) Assumed 2010/2011 interest charges                                     0.375598
      (= 5.4% of line 23)

(25) Assumed 2010/2011 debt repayment & interest charges                    0.659497 
      (= line 20 + line 24)

(26) Capital Financing scaling factor                                   0.16179648605718
(27) Capital Financing RNF                                              0.00001067043492
      (= line 25 x line 26/ 10,000,000,000)

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

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