Chapter 1 - Finance
                       
Table 1.7 MOD Fixed Assets: 2008/091
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 Fighting Equipment has been replaced by Single Use Military Equipment (SUME), Plant, Machinery and Vehicles has been replaced with two categories; Plant and Machinery and Transport, and the category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 2009. 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.

The data are derived directly from the MOD Annual Report & Accounts.

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.
Current Prices (£ million)
  Tangible Fixed Assets
Land &
Plant &
Transport
 IT & Comms SUME2 AUC3 AUC3   Intangible Invest- Total
Buildings Machinery   Equipment   SUME Other   Assets ments Assets
Top Level Budget4 Total 19 609 2 176 4 838 955 35 410 13 809 5 588   27 948 217 110 549
                       
Commander-in-Chief Fleet - 1 2 2 - - 33   - - 38
General Officer Commanding (Northern Ireland) - - - - - - -   - - 1
Commander-in-Chief Land Forces 52 2 4 9 - - 153   - - 219
Commander-in-Chief Air Command5 - - - - - - 36   - - 36
Chief of Joint Operations - 1 3 1 - 1 5   - - 11
Defence Equipment & Support6 54 2 171 4 828 941 35 410 13 807 3 829   27 947 - 88 987
Central - - 1 2 - - 68   - 217 288
Defence Estates 19 502 1 1 1 - - 1 463   - - 20 968
Source: MOD Directorate of Defence Resources
1. Figures provided as at 31 March 2009 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 due 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. Air Command is an amalgamation of 'Air Officer Commanding in Chief RAF Personnel and Training Command' and 'RAF Strike Command'.
6. Defence Equipment & Support was created from the amalgamation of the 'Defence Logistic Organisation' and 'Defence Procurement Agency'.
 
Chart to Table 1.7: MOD Fixed Assets by Category