{ "document_id": 16815, "page": 170, "width_pt": 595.32, "height_pt": 841.92, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16926, "item_count": 15, "counts_by_type": { "footer": 1, "header": 3, "table": 1, "table_cell": 10 }, "build_ms": 4, "items": [ { "id": "p170.1", "order": 1, "type": "header", "bbox": { "l": 41.0317, "t": 805.68, "r": 60.9477, "b": 794.64 }, "text": "170", "attrs": { "block_label": "number" }, "level": 2 }, { "id": "p170.2", "order": 2, "type": "header", "bbox": { "l": 209.9577, "t": 806.16, "r": 554.7682, "b": 794.16 }, "text": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p170.3", "order": 3, "type": "header", "bbox": { "l": 435.9921, "t": 786, "r": 554.0483, "b": 773.76 }, "text": "Notes to the Accounts", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p170.4", "order": 4, "type": "table", "bbox": { "l": 39.832, "t": 744.72, "r": 552.8486, "b": 94.56 }, "text": "", "attrs": { "block_label": "table", "n_rows": 6, "n_cols": 2, "integrity": { "cells_checked": 9, "cells_flagged": 0 } }, "children": [ { "id": "p170.4.1", "order": 5, "type": "table_cell", "bbox": { "l": 39.832, "t": 744.72, "r": 296.3403, "b": 663.45 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p170.4.2", "order": 6, "type": "table_cell", "bbox": { "l": 138.98, "t": 742.26, "r": 505.892, "b": 714.084 }, "text": "Valuation approach, key unobservable inputs and relationship between unobservable inputs and fair value", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p170.4.3", "order": 7, "type": "table_cell", "bbox": { "l": 39.832, "t": 663.45, "r": 296.3403, "b": 419.64 }, "text": "Financial assets - held at amortised cost", "attrs": { "row": 1, "col": 0, "rowspan": 3, "colspan": 1 } }, { "id": "p170.4.4", "order": 8, "type": "table_cell", "bbox": { "l": 138.98, "t": 709.78, "r": 531.92, "b": 661.924 }, "text": "Fair value is based on amortised cost using the effective interest rate method derived from the anticipated cash flows from the investment over its estimated life.", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p170.4.5", "order": 9, "type": "table_cell", "bbox": { "l": 138.98, "t": 653.14, "r": 543.572, "b": 514.804 }, "text": "For loans with interest at below market value, cash flows are discounted to measure fair value. Scottish Enterprise uses the higher of the of the rate intrinsic to the financial instrument and the nominal financial instrument discount rate set by HM Treasury of 2.45% (2025: 2.15%).\nA provision for impairment is established if there is objective evidence that Scottish Enterprise will not be able to collect all amounts due according to the terms of the investment.", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p170.4.6", "order": 10, "type": "table_cell", "bbox": { "l": 46.8, "t": 448.59999999999997, "r": 75.78, "b": 434.52399999999994 }, "text": "Land", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p170.4.7", "order": 11, "type": "table_cell", "bbox": { "l": 138.98, "t": 507.75999999999993, "r": 543.312, "b": 375.40399999999994 }, "text": "Fair value of land is derived by analysis of comparable sales evidence and quoted prices of land parcels offering similar characteristics in similar locations to the various land parcels being appraised.\\nConsideration is given to local market forces, developer or occupational demand and competing supply. The assets are valued on a capital rate per acre basis with adjustment made to reflect location, site size, potential phasing of future development and, where appropriate, site servicing costs to unlock the development opportunity.", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p170.4.8", "order": 12, "type": "table_cell", "bbox": { "l": 46.8, "t": 241.0999999999999, "r": 100.224, "b": 227.024 }, "text": "Buildings", "attrs": { "row": 4, "col": 0, "rowspan": 3, "colspan": 1, "bbox_refit": true } }, { "id": "p170.4.9", "order": 13, "type": "table_cell", "bbox": { "l": 138.98, "t": 368.35999999999996, "r": 544.304, "b": 252.94399999999996 }, "text": "Fair value of the buildings is derived by analysis of comparable sales transactions of properties offering similar characteristics to the assets under consideration. These are generally derived by adopting an income approach by constructing an envisaged cash flow reflecting the rental income stream, vacancy rates and irrecoverable expenditure associated with any period of vacancy prior to re-letting. The resultant valuations are cross checked where appropriate on a capital per square feet basis.", "attrs": { "row": 4, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p170.4.10", "order": 14, "type": "table_cell", "bbox": { "l": 138.98, "t": 244.0999999999999, "r": 544.22, "b": 99.80399999999997 }, "text": "Within the portfolio, equivalent yields have typically been in the range 7.5% to 15% with rental voids generally between 6 and 24 months upon individual lease expires. Rental growth has been factored in on a unit by unit basis where evidence supports the contention.\nThe higher the yield, the longer the vacancy period and the lower any rental growth prospects, then the lower the fair value will be.\\nThe lower the yield, the shorter the vacancy period and the greater the rental growth prospects, then the higher the fair value will be.", "attrs": { "row": 5, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p170.5", "order": 15, "type": "footer", "bbox": { "l": 40.7918, "t": 78.48, "r": 458.3076, "b": 62.88 }, "text": "Further information and analysis of financial assets is included in Note 23.", "attrs": { "block_label": "footer" } } ], "excluded_furniture": { "first": [], "last": [] } }