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Leases are discounted using the rate implicit in the lease. Where that rate cannot be readily determined, leases are discounted at the entity's incremental borrowing rate.
Where an entity has no borrowings (which is the case for all entities consolidated into the departmental group), HM Treasury issues discount rates to be used. These cover calendar years and were 4.72% for 2024, 4.81% for 2025 and 5.32% for 2026.
| GROUP | SCOTTISH ENTERPRISE |
| Amounts recognised in SoCNE | SoCNE line item disclosure | 2026 | 2025 | 2026 |
|---|
| | £000 | £000 | £000 |
|---|
| Interest on lease receivable - Finance Income | Other finance income | 5 | 10 | 5 |
|---|
| Total | | 5 | 10 | 5 |
|---|
The full balance of lease receivables are due from Central Government.
| GROUP AND SCOTTISH ENTERPRISE |
| Property, plant and equipment | 2026 | 2025 |
|---|
| £000 | £000 |
|---|
| At 1 April | 2,416 | 2,626 |
|---|
| Transfers assets held for sale | (434) | 380 |
|---|
| Impairment reversal recognised on re-measurement | 95 | - |
|---|
| Disposal of non-current assets held for sale | (580) | (590) |
|---|
| At 31 March | 1,497 | 2,416 |
|---|
Land and property assets are disposed of when Scottish Enterprise considers their sale will derive the maximum economic development benefits achievable. Assets deemed to be available for sale and where the sale is anticipated to complete within one year are included as current assets. The assets are being actively marketed with a view to completion of the sales in the coming year.