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Thursday, May 11, 2006

Cash in the bank

For a relatively young institution the Assembly has certainly accumulated a lot of assets:

Mick Bates: Will the Minister make a statement on the Welsh Assembly Government's property assets? OAQ0515(FIN)

Sue Essex: As at 31 March 2005, the net book value of the Assembly's tangible fixed assets, excluding information technology, plant and equipment, amounted to £9.7 billion. In addition, at that date, the net book value of comparable assets of Assembly sponsored public bodies that merged with the Assembly in April 2006, amounted to £262 million.

It is a shame that most of it is road infrastructure. Still, it is interesting nevertheless.
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