Ordnance Survey reports loss of £2.7 million
The UK Ordnance Survey of Great Britain have published their annual report titled: Annual Report and Accounts 2009-10. (104 pages, HC195, ISBN: 9780102965070, ID 2361146, 07/10).
The report on page 8 states:
- Revenues are £114.3 million.
- Profit before restructuring costs is £16.6 million
- Loss for the year is £2.7 million
- Dividend paid to the Department for Communities and Local Government (CLG) is £5.8 million
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The report on page 10 states:
PointX Limited, a 50% joint venture investment
- Turnover of £1.1 million
- Profit of £0.3 million
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The report on page 73 states:
Trading Revenue by Channel
- Direct licences £71.889 million
- Partner licences £26.275 million
- Paper maps £9.967 million
- Services £4.373 million
Total £112.504 million
Trading revenue by sector
- Public sector and utilities £73.845 million
- Commercial markets £21.027 million
- Consumer sales £17.632 million
Total £112.504 million
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The report on page 11 states”
Post-balance sheet events
“On 1 April 2010 £20 million of public dividend capital was introduced by the Department for Communities and Local Government into Ordnance Survey together with an agreement to extend the £15 million revolving credit facility to 2015. This revised capital structure reflects the launch of OS OpenData and the anticipated completion in 2010 of the head office building and a major IT infrastructure programme.”
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The report on page 13 states:
“Work continues on revising our pricing and licensing with the introduction of a new model expected in late 2010. We will be proposing changes to our derived data policy for the commercial sector and working with The National Archives and Cabinet Office to ensure that derived data issues do not unnecessarily impede the release of public dataset by other public bodies.”
UKHO announce net profit of £33.7 million
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