Annual Report and Accounts Year Ended 31st March 2017
The Duchy of Lancaster has today published its financial results for the year ended March 31st 2017.
During the year:
- Net surplus increased by 7.9 % to £19.2m
- Net asset value increased by 4.8 % to £518.7m.
Nathan Thompson, CEO and Clerk of the Duchy Council, said: “Today’s results are an endorsement of the quality and diversity of the Duchy’s portfolio. They also reflect the proactive approach taken by the team to both risk and asset management during a period of significant economic and geopolitical uncertainty.
“Working in partnership with our tenants and the communities in which we operate, we are pleased to have fulfilled our core aim of ensuring sustainable revenue growth, while preserving the capital value of the assets for future generations.”
The Duchy of Lancaster is a private landed estate which provides the Sovereign with a source of income that is independent of Government and the public purse. The Duchy is self-financing and does not rely upon public funds in connection with its activities.
To view/download a copy of the Annual Report and Accounts for the year ended 31st March 2017, please visit the Financial Reporting page of this website (www.duchyoflancaster.co.uk).