Hansard

Departmental Assets

Volume 472: debated on Monday 25 February 2008

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Mr. Hoban

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the book value of departmental assets sold was in each financial year since 1997-98; and what revenue was generated from each such sale. (184880)

Mr. Thomas

Details of fixed assets sold by the Department for Business, Enterprise and Regulatory Reform for the period 1997-98 to 2006-07 are as follows:

Financial year

Book value of assets sold transferred (£)

Proceeds including transfers to OGDs (£)

1997-98

n/a

n/a

1998-99

n/a

n/a

1999-2000

n/a

n/a

2000-01

n/a

n/a

2001-02

n/a

n/a

2002-03

n/a

n/a

2003-04

n/a

n/a

2004-05

9,474

19,474

2005-06

2,140,630

12,140,630

2006-07

10,192

110,192

Total

2,160,296

2,160,296

n/a = Not available.

1 Assets transferred to OGDs are transferred at net book value, with no loss to the transferor department and no gain to the transferee department.

Note:

The information for financial years 1997-98 to 2003-04 is not readily available as it has been transferred to a historical archive system. To obtain the information would incur disproportionate costs.