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	Financial statements

	Balance Sheet at 31 March 2001

		Note	2001 £m			2000 £m


	Fixed assets
	Tangible fixed assets	5		116.9		109.4


	Current assets
	Stocks	7		0.2		0.3
	Debtors	8		10.0		12.2
	Cash at bank and in hand	13		10.2		7.7


				20.4		20.2
	Creditors – amounts falling due within one year	9		(8.6	)	(9.1	)


	Net current assets			11.8		11.1


	Total assets less current liabilities			128.7		120.5
	Provisions for liabilities and charges	10		(4.5	)	(6.5	)


	Net assets			124.2		114.0



	Represented by
	Capital reserve			109.7		101.4
	Revaluation reserve			7.2		8.0
	Operating reserve			7.3		4.6


		11		124.2		114.0



	The financial statements were approved by the governors and the BBC World Service Management Board on 11 June 2001 and signed on their behalf by: Sir Christopher Bland BBC Chairman Greg Dyke Director-General, BBC Mark Byford Director, BBC World Service Andrew Hind Finance and Business Development Director, BBC World Service


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