Notes to the accounts
Contents
The structure of these notes, which form part of the financial statements, include accounting risks and judgements clearly highlighted in each section, explanations of complex terms and the policies are included in the relevant notes as denoted by the book symbol: 📘
The notes are organised as follows:
Note A: How the BBC’s accounts are prepared
Basis of preparation
Basis of consolidation
Use of estimates and judgements
New and revised accounting standards adopted/not yet adopted
Going concernNote B: The BBC’s operations, income and expenditure
Income and operating results
Contribution from commercial activities
Licence fee income
Total operating costs
Total income Analysis of operating costs by commercial activities
Geographical location of non-current assets and income
Commercial EBITDANote C: Other profit and loss items
Acquisitions
Net financing costs
Other gains and losses
TaxationNote D: What the BBC spends on its people
Persons employed
Related party transactions with key management personnel
Employee remuneration
Group pension plans
Remuneration of the BBC Board
BBC Pension Scheme
Key management personnel compensationNote E: The assets owned by the BBC
Programme-related assets and other inventories
Investment properties (owned)
Intangible assets
Assets classified as held for sale
Goodwill
Interests in associates and joint ventures
Property, plant and equipmentNote F: Leasing activities at the BBC
Right-of-use assets
Lease income received as a lessor
Obligations under leases
Lease expenses recognised in the consolidated expenditure statement
Investment propertiesNote G: Financing the BBC
Cash and cash equivalents
DCMS borrowing limits
Investments
Financial instruments
Borrowings
Trade receivables factoring arrangementNote H: Receivables and payables
Trade and other receivables and contract assets
Provisions and contingent liabilities
Trade and other payables and contract liabilities
Long-term commitments not reflected in the balance sheet
Related party transactionsNote I: BBC Structure and other disclosures
Interests in associates, joint ventures and subsidiaries
Post balance sheet events
Reserves
