36. Capital expenditure and capital financing - Notes to the core accounting statements
The total amount of capital expenditure incurred in the year is shown in the table below, together with the resources that have been used to finance it. Where capital expenditure is to be financed in future years by charges to revenue as assets are used by the Authority, the expenditure results in an increase in the Capital Financing Requirement (CFR), a measure of the capital expenditure incurred historically by the Authority that has yet to be financed. The change in the CFR is analysed in the second part of this note.
| 2019 / 20 £000 | 2020 / 21 £000 | |
|---|---|---|
| 25,738 | Opening Capital Financing Requirement | 26,017 |
| 0 | Capital receipt not applied in year | 0 |
| 583 | Property, Plant and Equipment - (Operational and under Construction) | 1,868 |
| 1,233 | Property, Plant and Equipment - (Non Operational) | 1,267 |
| 41 | Intangible Assets (including under construction) | 115 |
| Sources of Finance | ||
| (15) | Capital Receipts | (235) |
| 0 | Government grant and other contributions | 0 |
| Sums set aside from revenue: | ||
| (22) | - Direct revenue contributions | (691) |
| (1,541) | - Minimum / Voluntary Revenue Provision | (1,674) |
| 26,017 | Closing Capital Financing requirements | 26,667 |
| Explanation of Movements in Year | ||
| 0 | Decrease in underlying need to borrow (unsupported by government financial assistance) | 0 |
| 279 | (Decrease) / Increase in Capital Financing Requirement | 650 |