120
Scottish Enterprise Statement of Changes in Taxpayers' Equity
| For the year ended 31 March 2026 | General Reserve | Revaluation Reserve | Total |
|---|
| £000 | £000 | £000 |
|---|
| Balance at 31 March 2025 | 430,049 | 13,500 | 443,549 |
|---|
| | | |
| Net expenditure during the year | (302,060) | - | (302,060) |
|---|
| Remeasurement gains / (losses) in retirement benefits scheme | 19,563 | - | 19,563 |
|---|
| Net gains / (losses) on revaluation of property, plant and equipment | - | 348 | 348 |
|---|
| Transfer between reserves | 176 | (176) | - |
|---|
| Total recognise income and expense for year to 31 March 2026 | (282,321) | 172 | (282,149) |
|---|
| | | |
| Grant in Aid from Scottish Government | 223,237 | - | 223,237 |
|---|
| Repayment of Financial Transactions funding waived | 13,937 | - | 13,937 |
|---|
| Other grants from Scottish Government | 576 | - | 576 |
|---|
| 237,750 | - | 237,750 |
|---|
| | | |
| Balance at 31 March 2026 | 385,478 | 13,672 | 399,150 |
|---|
The General Reserve is the accumulated surplus on grant in aid funded activity of Scottish Enterprise. The grant in aid provision of £223m for 2025-26 (2025: £219m) included £96m (2025: £90m) in respect of net capital expenditure.
Revaluation Reserve is the cumulative unrealised balance arising on revaluation adjustments to assets. The Revaluation Reserve total of £14m (2025: £14m) is fully attributable to net unrealised surpluses on Land and Buildings.