Chapter 1 - Finance
Table 1.7 MOD Fixed Assets: 2007/081
This table gives a detailed breakdown of the net book value of the MOD's Fixed Assets by category and budgetary area. The MOD is one of the largest owners of fixed assets in the United Kingdom. The stewardship and efficient management of the Department's assets are the responsibility of Top Level Budget (TLB) Holders. MOD Fixed Assets are formally revalued on a five-yearly basis, but are uplifted annually using indexation. This table has been modified to reflect revised asset categories. Fighting Equipment has been replaced by Single Use Military Equipment (SUME), Plant, Machinery and Vehicles has been replaced with two categories; Plant and Machinery and Transport, and the category of capital spares has been removed and incorporated into SUME and Transport.
 
The values contained in the table are at 31 March 2008. The valuation method complies with financial reporting standards with values being on an existing use basis and not market value at disposal. Overseas estates for which the Crown holds no legal title, but which are used for garrison and training purposes by British Forces are included in the MOD Fixed Assets Register. UK bases occupied by visiting forces are also included.
 
From 2006-07 the creation of Single balance sheet owners has meant that most classes of assets are now accounted for by one TLB. This accounts for changes since UKDS 07.
Tangible Fixed Assets
Current Prices (£ million)
  Land & Plant & Transport IT & Comms SUME2 AUC3 AUC3 Intangible Invest- Total
  Buildings Machinery   Equipment   SUME Other Assets ments Assets
Top Level Budget4 Total
 19 774 1 753 4 611 1 059 35 767 11 141 3 826 26 692 497 105 120
Commander-in-Chief Fleet5 - 1 1 4 - - 41 - - 47
General Officer Commanding (Northern Ireland) - - 2 - - - - - - 2
Commander-in-Chief Land Command 18 - 3 5 4 - 141 - - 171
Commander-in-Chief Air Command6
 - - - 1 - - 31 - - 32
Chief of Joint Operations 24 3 3 2 - 1 45 9 - 87
Defence Equipment & Support7 46 1 746 4 600 1 045 35 763 11 140 2 374 26 683 - 83 398
Central - 2 1 2 - - 82 - 497 583
Defence Estates 19 686 1 1 - - - 1 112 - - 20 800
Source: MOD Directorate of Performance and Analysis
1.   Figures provided as at 31 March 2008 are taken from MOD Fixed Assets Register. Figures relate to the net book value of the MOD fixed assets.
      The net value of an asset is equal to its original cost (its book value) minus depreciation and amortisation costs.
2.   SUME refers to Single Use Military Equipment.
3.   AUC refers to Assets Under Construction.
4.   The reason for the relatively small amounts in TLBs is due to the Fixed Assets not having been transferred to the single balance sheet holder mainly
       because the TLBs cannot agree on the asset value or there are other difficulties over the paper work. If the system works well they should reduce to        zero.
5.    C-in-C Fleet TLB includes the former 2nd Sea Lord/C-in-C Naval Home Command TLB from 2006/07.
6.    Air Command is an amalgamation of 'Air Officer Commanding in Chief RAF Personnel and Training Command' and 'RAF Strike Command'.
7.    Defence Equipment & Support was created from the amalgamation of the 'Defence Logistic Organisation' and 'Defence Procurement Agency'.