2010/11      
                                                                        
Settlement
                                                                              (£m) 
                                                                         
(1) Assumed start of 2004/2005 debt                                        92.990535
(2) Assumed 2004/2005 debt repayment                                        3.719621
      (= 4% of line 1)
(3) Estimated 2004/2005 Supported Capital Expenditure (Revenue)            11.156996
(4) Assumed end 2004/2005 (start 2005/2006) debt                          100.427910
      (= line 1 - line 2 + line 3)
(5) Assumed 2005/2006 debt repayment                                        4.017116
      (= 4% of line 4)
(6) Estimated 2005/2006 Supported Capital Expenditure (Revenue)            10.698700
(7) Assumed end 2005/2006 (start 2006/2007) debt                          107.109493
      (= line 4 - line 5 + line 6)
(8) Assumed 2006/2007 debt repayment                                        4.284380
      (= 4% of line 7)
(9) Estimated 2006/2007 Supported Capital Expenditure (Revenue)             5.026000
(10) Assumed end 2006/2007 (start 2007/2008) debt                         107.851114
      (= line 7 - line 8 + line 9)
(11) Assumed 2007/2008 debt repayment                                       4.314045
      (= 4% of line 10)
(12) Estimated 2007/2008 Supported Capital Expenditure (Revenue)            4.366587
(13) Assumed end 2007/2008 (start 2008/2009) debt                         107.903656
      (= line 10 - line 11 + line 12)
(14) Assumed 2008/2009 debt repayment                                       4.316146
      (= 4% of line 13)
(15) Estimated 2008/2009 Supported Capital Expenditure (Revenue)            5.780058
(16) Assumed end 2008/2009 (start 2009/2010) debt                         109.367568
      (= line 13 - line 14 + line 15)
(17) Assumed 2009/2010 debt repayment                                       4.374703
      (= 4% of line 16)
(18) Estimated 2009/2010 Supported Capital Expenditure (Revenue)            5.669308
(19) Assumed end 2009/2010 (start 2010/2011) debt                         110.662173
      (= line 16 - line 17 + line 18)
(20) Assumed 2010/2011 debt repayment                                       4.426487
      (= 4% of line 19)
(21) Estimated 2010/2011 Supported Capital Expenditure (Revenue)            4.806224
(22) Assumed end 2010/2011 (start 2011/2012) debt                         111.041910
      (= line 19 - line 20 + line 21)


(23) Assumed mid-2010/2011 debt                                           110.852042
      (= line 19 / 2 + line 22 / 2)

(24) Assumed 2010/2011 interest charges                                     5.986010
      (= 5.4% of line 23)

(25) Assumed 2010/2011 debt repayment & interest charges                   10.412497 
      (= line 20 + line 24)

(26) Capital Financing scaling factor                                   0.16179648605718
(27) Capital Financing RNF                                              0.00016847054541
      (= 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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