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Departmental Assets

Volume 472: debated on Monday 25 February 2008

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)

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.