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	Notes to the financial statements

	11 Reserves

		Capital reserve £m		Revaluation reserve £m		Operating reserve £m		Total £m


	At 1 April 2000	101.4		8.0		4.6		114. 0


	Broadcasting
	Surplus for the financial year	–		–		8.8		8.8
	Revaluation reserve transfer	–		(0.8	)	0.8		–
	Capital reserve transfer	8.8		–		(8.8	)	–


		8.8		(0.8	)	0.8		8.8



	Monitoring
	Surplus for the financial year	–		–		1.4		1.4
	Capital reserve transfer	(0.5	)	–		0.5		–


		(0.5	)	–		1.9		1.4


	At 31 March 2001	109.7		7.2		7.3		124.2



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