Accounts of Lancashire County Developments Limited 2011/12
Decision Maker: Audit, Risk and Governance Committee
Decision status: Recommendations Approved
Is Key decision?: No
Decisions:
A report was presented by Beryl Rhodes, head of commercial and central finance on the 2011/12 audited Statement of Accounts for Lancashire County Developments Limited (LCDL).
The committee was informed that the company had made a pre-tax profit of £4,251,122 for the period. This was mainly attributable to a £6,000,000 gain from the disposal of fixed assets and a loss of £1,894,355, resulting from the reduction in the valuation of property assets.
Resolved: That the 2011/12 Statement of Accounts for Lancashire County Developments Limited as set out at appendix A to the report, be noted.
Date of decision: 14/01/2013
Decided at meeting: 14/01/2013 - Audit, Risk and Governance Committee
Accompanying Documents:
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