 |
|
Details of the finances of the Duchy of Lancaster are published annually in a formal report.
Under the Duchy of Cornwall and Duchy of Lancaster Act of 1838, the officers of the Duchy of Lancaster are responsible for the preparation of accounts which are submitted to the Treasury and placed in the libraries of both Houses of Parliament three or four months after the end of the financial year. The accounts are prepared in compliance with Treasury Direction.
Click here to download the full financial report for the year ended 31 March 2008 in pdf format. Reports and accounts.pdf (199KB)
The results for the financial years ending 31 March were as follows:
| |
March 2004 |
March 2005 |
March 2006 |
March 2007 |
March 2008 |
|
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
| Capital Valuation |
| Direct property portfolio |
195,016 |
222,973 |
234,686 |
289,177 |
317,097 |
| Indirect property portfolio |
3,551 |
6,012 |
8,052 |
16,480 |
15,429 |
| Investment portfolio |
57,832 |
62,261 |
89,673 |
92,223 |
73,015 |
| Other, including cash |
11,932 |
16,586 |
8,748 |
(91) |
(6,938) |
| |
268,331 |
307,832 |
341,159 |
397,789 |
398,603 |
|
Annual Growth |
17.6% |
14.7% |
10.8% |
16.6% |
0.2% |
| |
| |
2003/04 |
2004/05 |
2005/06 |
2006/07 |
2007/08 |
|
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
| Gross income |
| Direct property portfolio |
8,899 |
8,885 |
9,755 |
10,776 |
11,632 |
| Indirect property portfolio |
122 |
395 |
450 |
458 |
582 |
| Investment portfolio |
1,884 |
2,773 |
3,189 |
3,702 |
4,099 |
| Bank interest |
568 |
1,052 |
755 |
564 |
968 |
|
11,473 |
13,105 |
14,149 |
15,500 |
17,281 |
| Expenses |
(3,307) |
(3,256) |
(3,393) |
(3,518) |
(3,926) |
| Net Operating Income |
8,166 |
9,849 |
10,756 |
11,982 |
13,355 |
| Net development recovery / (payment) |
164 |
41 |
(128) |
(222) |
(710) |
| Surplus for the year |
8,330 |
9,890 |
10,628 |
11,760 |
12,645 |
| Annual Growth |
4.7% |
18.7% |
7.5% |
10.7% |
7.5% |
|
|