§ Lord Sainsbury of TurvilleMy right honourable friend the Secretary of State for Trade and Industry (Ms Hewitt) has made the following Written Statement.
The Postal Services Commission capital DEL will be increased by £135,000 from £150,000 to £285,000. Within the DEL change, the impact on resources and capital is as set out in the following table:
£000s New DEL Change Voted Non-voted Total Resource 0 1 0 1 Capital 135 150 135 285 Depreciation* 0 -400 0 -400 Total 135 -249 135 -114 *Depreciation, which forms part of resource DEL, is excluded from the total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting. The change in the capital element of the DEL arises from draw-down of end-year flexibility of £135,000 to fund investment in IT.
There is no change to the resource element of the DEL.