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| Year ended: | 31st March 1955 | 31st March 1956 | 31st March 1957 | 31st March 1958 | 31st March 1959 | 31st March 1960 | 31st March 1961 | 31st March 1962 |
|---|---|---|---|---|---|---|---|---|
| Fixed Assets at Cost as payments on account of capital works in progress | 29,281 | 735,566 | 1,519,070 | 1,966,661 | 2,433,287 | 3,072,786 | 3,814,155 | 4,870,829 |
| Less Depreciation | 0,104 | 16,864 | 152,969 | 362,979 | 627,071 | 924,011 | 1,259,312 | 1,577,417 |
| Net Value of Fixed Assets | 29,177 | 718,702 | 1,366,101 | 1,603,682 | 106,216 | 2,148,775 | 2,554,843 | 3,293,412 |
| Reserve Fund Investments | – | – | – | – | 360,368 | 499,988 | 1,470,004 | 1,919,996 |
| Current Assets less Current Liabilities | -3,917 | -56,464 | 277,907 | 1,003,747 | 1,383,092 | 2,028,321 | 2,075,917 | 1,721,667 |
| Total Net Assets | 25,260 | 662,238 | 1,644,008 | 2,607,429 | 3,549,676 | 4,677,084 | 6,100,764 | 6,935,075 |
| representing: | ||||||||
| Advances by HM Postmaster-General less repayments | 55,936 | 555,000 | 509,933 | 451,534 | 390,431 | – | – | – |
| Loan Redemption Reserve | – | – | 45,067 | 103,466 | 555,000 | 555,000 | – | – |
| Capital Expenditure Reserve | – | – | 580,000 | 1,050,000 | 1,255,000 | 1,595,000 | 2,555,000 | 3,295,000 |
| Increased Cost of Replacement of Fixed Assets | – | – | – | – | – | – | – | 100,000 |
| Reserve Fund | – | – | – | 250,000 | 500,000 | 147,000 | 1,920,000 | 192,000 |
| Taxation Reserve | – | 105,000 | 500,000 | 720,000 | 782,000 | 1,005,000 | 1,032,000 | 945,000 |
| Contribution to the Exchequer | – | – | – | – | – | – | 450,000 | 531,311 |
| Unappropriated Balance on Revenue Account | (Dr) 30,676 | 2,238 | 9,008 | 32,429 | 67,245 | 52,084 | 143,764 | 143,764 |
| £25,260 | £662,238 | £1,644,008 | £2,607,429 | £3,549,676 | £4,677,084 | £6,100,764 | £6,935,075 |