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                "text": "Scottish Enterprise\nAnnual Report and\nAccounts",
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                "text": "For the year ended 31 March 2026",
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                "text": "Laid before the Scottish Parliament by the Scottish Ministers under section 22(5) of the Public Finance and Accountability (Scotland) Act 2000.",
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                "text": "SG/2026/166",
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                "text": "August 2026",
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                "text": "2",
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                "text": "Contents",
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                "text": "Enterprise and New Towns (Scotland) Act 1990",
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                "text": "Annual Report and Accounts of Scottish Enterprise prepared pursuant to section 30(1) of the Enterprise and New Towns (Scotland) Act 1990: together with the Independent Auditor's Report to the Members of Scottish Enterprise, the Auditor General for Scotland and the Scottish Parliament.",
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                "text": "Front cover image: Ryanair expansion announcement, Prestwick Airport; CAVU Aerospace UK, Stirling; Chemical manufacturer Syngenta expansion announcement, Grangemouth",
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                        "text": "Primary Financial Statements",
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                        "text": "Notes to the Accounts",
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                        "text": "Accounts Direction",
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                        "text": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
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                        "text": "Chief Executive’s Statement",
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                        "text": "Overview – about Scottish Enterprise",
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                        "text": "Support to Businesses",
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                        "text": "Net Zero: underpinning our mission delivery",
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                        "text": "Future Developments",
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                "text": "5",
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                "page": 5,
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                "page": 5,
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                "text": "Delivering Impact",
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            {
                "page": 5,
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                "text": "Scotland has the assets, talent and ambition to compete globally. In 2025/26, we have translated these strengths into impact-working with businesses and partners to unlock opportunity where it matters most. Our performance reflects continued progress in strengthening Scotland's economy-supporting businesses to grow, scale and attract investment.",
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                "page": 5,
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                "text": "The year also brought material headwinds. Higher employer costs, a tariff environment that disrupted trade flows, and global investment confidence at a multi-year low, all weighed on activity. Foreign direct investment fell by 11% globally and by as much as 58% across Europe. Overall, growth remained positive, but below potential.",
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            {
                "page": 5,
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                "text": "There were also clear signs of resilience. Interest rates began to stabilise, Scotland's underlying attractiveness to international investors held firm, and new export opportunities are emerging in high-value sectors and markets, such as life sciences and AI - pointing to long-term potential. Our trade performance reflected these conditions, with supported projects securing £2.15bn in export sales - among our strongest annual results over time and above the five-year average.",
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            },
            {
                "page": 5,
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                "text": "Our response to the environment is to remain focused and disciplined, channelling support to where it has most impact. Strengthening our international presence, and deepening engagement in priority markets such as the US and the Middle East.",
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    {
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                "text": "6",
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            {
                "page": 6,
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                "text": "We continue to bring partners together to shape investable opportunities and mobilise international capital to deliver sustainable, long-term growth for Scotland. This year, Scottish Enterprise supported just under 12,500 planned Real Living Wage jobs and over £1 billion of planned capital investment, sustaining strong performance in a more demanding environment. We are focusing on where we can make the biggest difference - accelerating near-term opportunities such as grid infrastructure, while applying advanced technologies, including artificial intelligence, across sectors such as life sciences, space and financial services. At the same time, we are strengthening the pipeline of longer-term opportunities to ensure Scotland remains competitive as conditions evolve.",
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            {
                "page": 6,
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                "text": "Our impact is evident. In Glasgow, Hitachi Energy is creating high-value engineering roles to strengthen the UK grid. In Grangemouth, our partnership with Celtic Renewables is supporting large-scale production of sustainable chemicals and enabling a just transition.",
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            },
            {
                "page": 6,
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                "text": "Our mission-led approach allows us to target and prioritise where Scotland can compete and deliver most strongly for the economy:",
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                "page": 6,
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                "text": "Driving the Energy Transition",
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            {
                "page": 6,
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                "text": "The energy transition remains central to Scotland's future. We have supported investment across renewables, supply chains and low-carbon technologies, while recognising the challenges.",
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            {
                "page": 6,
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                "text": "We narrowly missed our jobs target this year, reflecting wider market conditions where investment decisions are taking longer than anticipated. In response, we are putting more focus to the critical enablers of long-term growth - grid infrastructure, the future of key industrial sites such as Grangemouth, and continued diversification of the energy sector. The scale and timing of offshore wind deployment will be critical. Our priority is to ensure Scotland is positioned to capture that opportunity.",
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                "page": 6,
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                "text": "Scaling Scotland's Growth Companies",
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                "page": 6,
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                "text": "We continue to strengthen Scotland's pipeline of high-growth businesses, supporting over 200 scale-up-ready companies to innovate and expand internationally. Through targeted investment, tailored account management and access to global networks, we are helping these companies compete and win globally. We are also becoming more targeted in how we build international partnerships. In North America, fintech gateway partnerships are supporting market entry and attracting investment, while in Singapore we are building collaboration across renewables, healthcare and advanced technologies.",
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                "text": "Recent investment cooperation with the UAE is creating direct routes for Scottish companies to connect with investors, develop joint ventures and access new trade opportunities, supported by structured engagement through initiatives such as Investopia.",
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                "text": "7",
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                "text": "Together, these partnerships are creating practical routes to market, strengthening capability and increasing Scotland's visibility with global investors.",
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                "page": 7,
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                "text": "In a more competitive global market, success in attracting inward investment is defined by quality, pace and impact. High-value investment decisions are complex and competitive, often involving multiple decision-makers and long-term commitments. Against this backdrop, Scotland continues to secure investment that drives jobs, innovation and long-term value. A strong example this year is continued momentum at Prestwick, including Ryanair's expansion, which will create 450 highly skilled engineering and mechanic jobs and reinforce Scotland's position in aviation and aerospace.",
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                "text": "What increasingly determines success is not only our core strengths - skills, infrastructure and innovation - but the quality of service we provide. Pace, responsiveness and alignment across partners are often what makes the difference. This allows us to bring partners together to shape collective solutions - from major place-based opportunities such as Grangemouth to new approaches supporting internationalisation and access to capital.",
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                "text": "Scotland's proposition is strong",
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                "text": "Scotland’s strengths across high-growth sectors - from life sciences and fintech to advanced technologies such as quantum and artificial intelligence - position us well to attract high-quality investment.",
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            {
                "page": 7,
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                "text": "We have also continued to simplify Scottish Enterprise using technology and data to enhance both the experience of businesses and the efficiency of our organisation. Strong cost discipline ensures we remain focused on what matters most.",
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                "text": "Looking ahead, competition for investment will intensify. But our direction is clear: back ambitious businesses to innovate and scale internationally, transforming the economy and delivering a more successful, greener and fairer Scotland.",
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            {
                "page": 7,
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                "text": "Adrian Gillespie\nChief Executive\nScottish Enterprise",
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                "text": "This section provides a brief overview of Scottish Enterprise: our purpose, business model, strategy and our priorities. It highlights key risks and uncertainties, and how these are being managed.",
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                "text": "Statement of Purpose and Activities",
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                "text": "Scottish Enterprise is an executive Non Departmental Public Body of the Scottish Government and was established under the  Enterprise and New Towns (Scotland) Act 1990.",
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                "text": "This Act defines Scottish Enterprise's key functions as:",
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                "text": "Furthering the development\nof Scotland's economy",
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                "text": "(including providing, maintaining and safeguarding employment)",
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                "text": "Promoting Scotland's industrial efficiency and international competitiveness",
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                "text": "Furthering improvement of the environment of Scotland",
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            {
                "page": 8,
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                "text": "Scottish Enterprise's duties are as determined by Scottish Ministers under Section 24 of the Act. A range of general and specific powers are set out in full in Section 8 of the Act.",
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                "text": "As Scotland’s national economic development agency, we play a central role in supporting delivery of the  Scottish Government's National Strategy for Economic Transformation (NSET), translating national priorities into targeted interventions that drive sustainable growth and productivity.",
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                "text": "9",
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                "text": "At Scottish Enterprise, we use our regional connectivity, national role and international reach to deliver our purpose: to back ambitious businesses to innovate and scale internationally to transform Scotland's economy. In doing this, we make a significant contribution to the Scottish Government's priorities of growing the economy while tackling the climate emergency, creating better outcomes for Scottish people and eradicating child poverty, and improving public services.",
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                "text": "Published in January 2024,  Our focus on economic transformation sets out Scottish Enterprise's 10-year ambition to drive up levels of internationalisation, innovation and investment in Scotland's economy. We concentrate our efforts on the areas where Scotland has the greatest competitive edge, areas where together with others, we can unlock increased investment, scale-up innovation and create global impact through trade. This focus is translated into delivery through three missions:",
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                "text": "Our ambition is for Scotland to be a leader in clean energy and a home to world class companies driving the energy transition. We aim to maximise the opportunities from the energy transition by attracting sustained international investment, scaling supply chains, selling globally and accelerating commercial deployment.",
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                "text": "Our ambition is for Scotland to be recognised globally as a top 5 scaling innovation nation by 2031: a place where innovation strengths are converted into scaled firms, where ambitious companies grow at pace, compete globally and create sustainable economic growth.",
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                "text": "Boosting capital investment",
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            {
                "page": 9,
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                "text": "Our ambition is to increase levels of capital investment by businesses; this reflected in an additional £3bn of investment per annum making businesses more productive, competitive and resilient.",
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                "text": "10",
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                "page": 10,
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                "text": "OUR MISSIONS",
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        "page": 11,
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                "text": "11",
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                "text": "We deliver actions that make a measurable difference. We take responsibility for outcomes and focus on what works. We use evidence and insight to understand our impact and continuously improve.",
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            {
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                "text": "Scottish Enterprise plays a key role in enabling significant, long term and systemic change to help transform Scotland's economy. Delivering our missions depends on working closely with others. We bring businesses, investors, government and delivery partners together to help good ideas move faster and turn opportunity into investable, deliverable projects. Our role is to help align policy, capital and delivery so that effort is focused and benefits flow across Scotland.",
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                "text": "Inward investment and global trade support and development through our international arm, Scottish Development International.",
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                "text": "Major grants programmes, including Regional Selective Assistance (RSA) and SMART: SCOTLAND grants.",
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                "text": "The financial readiness service and commercial co-investment for the early-stage investment market.",
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                "text": "The Scottish Manufacturing Advisory Service.",
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                "text": "Whether at an international, national, or regional level, Scottish Enterprise works alongside our public sector partners, including universities and colleges, and the private sector to deliver stronger outcomes for Scotland.",
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                "text": "13",
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                "text": "Scottish Enterprise operates with our own independent Board reporting to the Cabinet Secretary for Economy, Tourism and Transport within the Scottish Government.",
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                "text": "Identifying and shaping\nthe opportunities that will\ndrive Scotland's\nlong-term economic\ntransformation.",
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                "text": "Ensuring economic growth is productive, resilient and inclusive by embedding net zero, fair work, equalities and responsible business practices across our work.",
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                "text": "15",
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                "text": "Ambition28",
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                "text": "Ambition28 is our bold transformational approach to create the optimum environment in which we can back more ambitious businesses to innovate and scale internationally. It is where collaboration drives innovation, exceptional value is delivered, and our missions thrive. It is not just about change, it is about aspiration, clarity and confidence. It's our vision for Scottish Enterprise in 2028. Four key strategies underpin our Ambition for 2028:",
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                "text": "Developing growth partnerships with ambitious companies best able to transform Scotland's economy. The companies we work with will experience personalised, data-driven and seamless engagement with defined and structured pathways to innovate and scale.",
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                "text": "With greater budget flexibility and leveraging external funding and driving new income streams, we can do things differently – using data and performance to create new funding and delivery models for mission impact and financial resilience.",
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                "text": "The quality of our data, generated across integrated digital platforms allows us to make the right decisions and take full advantage of AI in a safe and fair way. Automation and digitisation means our skilled workforce can devote their time to delivering for companies and partners",
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                "text": "Our dynamic, impactful and ambitious culture supports all of our colleagues to perform brilliantly. Building rewarding careers and future skills as part of an organisation that's agile and responsive to Scotland's economic priorities.",
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                "text": "Key Issues and Risks Affecting Scottish Enterprise",
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                "text": "Scottish Enterprise manages risk through a risk management framework set out in the Risk Management Policy, which is endorsed by the Audit and Risk Committee on behalf of the Scottish Enterprise Board. The Policy recognises that risk is inherent in the business of Scottish Enterprise and sets out the process by which risk is identified, assessed, reviewed and escalated appropriately across the organisation.",
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                "text": "The Board sets Scottish Enterprise's risk appetite across ten different categories of risk. These risk categories aim to reflect the principal sources of risk facing our organisation. Our risk appetite was last reviewed in early 2024, with a further update currently underway.",
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                "text": "Risks are managed across directorate, mission, team and programme/project levels, with each business area responsible for regularly identifying, assessing, monitoring and escalating risks within their risk registers.",
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                "text": "Risks that have potentially significant impact at an organisation wide level are recorded on the Corporate Risk Register which is owned by the Executive Leadership Team. The items on the Corporate Risk Register are a combination of the strategic risks identified by senior leadership and any risks of corporate significance that have been escalated from within the organisation.",
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                "text": "Scottish Enterprise's Audit and Risk Committee regularly reviews the full Corporate Risk Register on behalf of the Board. During 2025-26 a ‘risk dashboard’ was presented to each Board meeting, highlighting the most significant risks and illustrating movements and trends through heat maps.",
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                "text": "The principal risks recorded on the Corporate Risk Register throughout the 2025-26 reporting period were:",
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                "text": "Financial sustainability – rising fixed costs and budgets that are not keeping pace with inflation, together with growing complexity in budget frameworks, are putting pressure on our financial sustainability. This will necessitate a more rigorous and sustained approach to prioritisation in order to align resources with the areas of greatest strategic and economic impact, and necessitates seeking new forms of funding;",
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                "text": "Geopolitical environment - geopolitical tensions with associated shifts in foreign and economic policy which are disrupting global, UK and Scottish economies. This volatility and disruption means we may not be able to respond effectively to current and future economic challenges and opportunities;",
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                "text": "Identify, analyse, and address key policy and industry barriers, working with key stakeholders, to accelerate the delivery of a pipeline of consented and funded energy sector projects in Scotland.",
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                "text": "Attract inward investment for offshore wind, hydrogen, power networks and alternative fuels.",
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                "text": "Enable 1,000 companies to access energy sector opportunities with a particular focus on the north-east.",
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                "text": "Drive investment of £500m and up to 800 direct jobs in Grangemouth as a location of choice for low carbon fuels and sustainable chemical manufacturing through our cluster development work, which will deliver projects throughout the cluster including Project Willow.",
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                "text": "2025/26 activities included:",
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                "text": "A continued focus on strengthening supply chains, particularly in the North-East, recognising that supporting UK and international opportunities is critical to delivering near-term growth for Scottish companies. Engaging over 1,000 companies through targeted awareness campaigns. Early indications also show progress in supporting Tier1 companies to develop and embed Scottish supply-chain capability.",
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                "text": "Improving access to company support across Scotland by establishing the Clean Energy Cluster as a founding partner — creating a more coordinated, visible and accessible support pathway for offshore wind supply chain companies, reducing fragmentation and enabling faster, more effective engagement with growth opportunities.",
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                "text": "Scottish Enterprise worked with Thistle Wind Partners and DEME Offshore to deliver a three-month supply chain programme for the Bowdun and Ayre ScotWind projects, engaging 200+ Scottish companies. Six businesses achieved preferred supplier status and a further 14 received targeted support to strengthen capability, quality standards and investment readiness.",
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                "text": "Launching the Offshore Wind Demand Driven Innovation Support Programme to accelerate the transition of Scottish companies from concept to market by enabling them to validate commercial potential, secure early customers and progress to scale in both UK and international markets. The programme connects Scotland's energy innovation pipeline directly to offshore wind opportunities, unlocking routes to market, securing international contracts and strengthening Scotland's position as a globally competitive offshore wind technology hub. To date, twenty two Scottish companies have secured over £1m in feasibility funding, supporting the development of new technologies, products and services that enhance supply chain capability, improve competitiveness and increase their ability to capture a greater share of Scotland's offshore wind opportunity.",
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                "text": "Accelerating the development of market-ready offshore wind infrastructure, with port and wet storage projects advancing through design and consenting — enabling faster deployment and increasing capacity for Scottish companies to participate in major projects. Backed by the Scottish Government's £500m Offshore Wind Investment Programme, we are working with Aberdeen, Hunterston, Montrose and Peterhead to expand capacity for testing, marshalling and deployment — unlocking supply-chain opportunities, strengthening project pipelines and improving Scotland's competitiveness for global investment. At Montrose, a £1.7m Scottish Enterprise investment in studies and investigation works is expected to unlock around £115m of further port investment — crowding in significant private capital and creating new commercial opportunities for Scottish firms across the offshore wind value chain.",
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                "text": "Scottish Enterprise played a direct role in securing Hitachi Energy's UK Engineering Centre of Excellence in Glasgow, creating around 100 specialist roles while supporting critical grid upgrades. The centre will deliver major electricity transmission and distribution projects, enabling renewable integration, strengthening grid resilience and supporting a secure, affordable and sustainable energy system aligned to the UK's Clean Power 2030 ambitions and Scotland's 2045 net zero target. This investment reinforces Scotland's position as a global leader in the energy transition and demonstrates Scottish Enterprise's role in attracting investment, enabling green infrastructure and supporting the growth of the clean energy economy.",
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                "text": "A partnership at the Energy Transition Zone (ETZ) in Aberdeen formalises a long-term commitment to co-design and co-fund transformational projects, strengthening supply-chain capability and attracting global investment.",
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                "text": "Support investment in property/accommodation for scale-ups to help companies in Scotland's future industries to grow and scale. Enable the delivery of 150,000 sq. ft. of new life science space, with an additional 100,000 sq. ft. in development over the next 5-7 years.",
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                "text": "Deliver International Scale-Up Pathways aligned with services offered by partners, providing comprehensive advice, funding, networking and collaboration support for businesses with scale up potential at all development stages, from spinouts and start-ups to established and scaling companies.",
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                "text": "Introduce funding and investment programmes to optimise and increase the availability of funding to help companies scale up. We will target international investors to increase Scotland's profile to the global investment community. Through this we will deliver up to £1.2bn of growth funding with £375m coming from international investors.",
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                "text": "Strengthen our approach to future industry and placed-based clusters and partner with others to co-invest in innovation infrastructures.",
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                "text": "2025/26 activities included:",
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                "text": "Strategic investment in innovation infrastructure to accelerate scale-up and productivity, demonstrated through Tech Terrace at the Advanced Manufacturing Innovation District Scotland (AMIDS) in Renfrewshire, where Scottish Enterprise's £4.74m investment (matched by partners) is delivering 30,000 sq. ft flexible advanced manufacturing space for high-growth firms to locate, collaborate and scale; and a £35 million Life Sciences Accommodation Programme delivering the lab space needed to accelerate high-growth companies to scale.",
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                "text": "Unlocking new equity investment for Scotland's scaling companies. This has included a £4.5m New to Equity Innovation Fund which has broadened access to finance and supported investment into high-growth companies across quantum, fintech, life sciences and space.",
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                "text": "Utilising our Innovation Academy model to accelerate innovation capability across 58 companies equipping each with a clear 3–5 year scaling roadmap and ongoing specialist support to drive scale, investment and global growth.",
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                "text": "Chemveda established its first European base at the University of Dundee's Life Sciences Innovation Hub, supported by a £270,000 Scottish Enterprise grant. The investment is expected to create up to 50 high-value jobs and strengthen pharmaceutical and biotech innovation. It builds on Scottish Enterprise's £8m contribution to the Hub, which provides high-quality lab space to attract global companies, support spinouts and reinforce Dundee's position as a globally connected life sciences cluster.",
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                "text": "Piloting a partnership with Deeptech Labs to strengthen spinouts' go-to-market strategies, provide deep tech market expertise and investor exposure, and support preparation for significant growth funding. The results will inform our venture builder approach which we will develop and test in the year ahead.",
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                "text": "Targeted interventions are strengthening support for scale-up companies in future industries. This included the launch of a Deep-Tech Manufacturing pilot, supporting early-stage manufacturers with global market ambition to anchor and scale their manufacturing activity in Scotland, alongside the International Market Booster programme, established to help scaling companies capitalise on opportunities in Silicon Valley.",
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                "text": "Deepening strategic partnerships with Converge and Innovate UK's ICURe programme to establish a clear end-to-end pathway from research to commercialisation, accelerating the translation of high-potential ideas into investable opportunities, while progressing the most promising concepts from early validation through to company formation via Scottish Enterprise's High Growth Spinout Programme and a planned national Venture Building approach, and providing structured, market-led support to rapidly build, scale and de-risk new ventures, attract experienced founders, and crowd in private investment to Scotland's most promising early-stage companies.",
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                "text": "Accelerating cluster development at Grangemouth by working with industry and partners to use the site's industrial scale and infrastructure to support scale up, particularly in low carbon manufacturing and industrial biotechnology. This is strengthening Scotland's manufacturing proposition and positioning Grangemouth as a hub for green jobs.",
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                "text": "Strengthening innovation ecosystems through a more joined up approach with partners, including place-based cluster opportunities and targeted industry cluster development. Worked with the Scottish Government to progress cluster strengthening across Life Sciences, Industrial Biotechnology, Space, Fintech and Critical Technologies (Photonics, Quantum and Semiconductors).",
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                "text": "Quantcore, a University of Glasgow spin-out, secured £2.5m in seed funding, co-led by PXN Ventures, Blackfinch Ventures and Scottish Enterprise, to establish a UK-based supply chain for quantum hardware critical to national security and competitiveness. The company is the UK's only manufacturer of niobium-based quantum components, enabling more energy-efficient, scalable quantum systems. The investment will support a pipeline of high value jobs in Glasgow and accelerate applications across computing, secure communications and advanced medical imaging.",
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                "text": "CASE STUDY",
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                "text": "Grangemouth is becoming an important centre for growing companies, creating jobs, supporting the move to cleaner industries and strengthening the local economy.",
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                "text": "Meanwhile, £11.5m has been committed to support preconstruction work for a new Celtic Renewables biorefinery, including £6.2m of Grangemouth Just Transition funding. This investment is expected to create up to 149 jobs by 2030 by turning waste from food, drink and agriculture into low-carbon chemicals. Together, these projects highlight how public private partnership in Grangemouth is accelerating commercialisation, attracting investment and supporting a fair transition to a lower-carbon Scottish economy.",
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                "text": "To reach our ambition by 2028, we will:",
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                "text": "Build a pipeline which will attract and unlock international investment, resulting in an additional £310m per year of capital, for use on land, buildings, and spaces through which strategic propositions will flow.",
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                "text": "Supported by a Scottish Enterprise capital grant of £649,000, the Colhoun Estates project demonstrates progress in developing high-specification manufacturing accommodation. The project delivers 35,000 sq ft of advanced manufacturing space at Gateway Glasgow, Cambuslang, designed to support innovative production technologies and address a recognised lack of supply in the area. The development is expected to leverage £3.215m in private sector capital investment. At full occupancy, the facility is projected to create and sustain around 130 FTE manufacturing jobs, strengthening Scotland's advanced manufacturing base and contributing to productivity and investment objectives. Delivering a competitive pipeline of property solutions for Scotland's future industries is a priority across all three missions.",
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                "text": "The Ryanair investment at Prestwick Airport shows how Scottish Enterprise unlocks private investment to deliver ambitious, productivity-enhancing projects through coordinated public sector partnership.",
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                "text": "The support was central to positioning Prestwick as a competitive location within Ryanair's wider maintenance network and securing long term investment in Scotland. Delivered through a strong partnership between the Scottish Government, the UK Government, South Ayrshire Council, Prestwick Airport and Scottish Enterprise, the project will see the construction of a new 11,938 sqm, four bay heavy maintenance hangar, alongside additional component workshops significantly increasing maintenance capability at the site.",
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                "text": "Scottish Enterprise has reported on climate-related financial disclosures consistent with HM Treasury's TFCD-aligned disclosure application guidance, which interprets and adapts the framework for the UK public sector. Scottish Enterprise considers climate to be a principal source of risk, and has therefore complied with the TFCD recommendations and has made the following climate-related disclosures on:",
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                "text": "Key achievements for 2025-26 included:",
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                "text": "518 tonnes of CO2 savings from our supported businesses/projects.",
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                "text": "We delivered 4 cohorts of our Net Zero Academy training programme to 49 delegates across 38 companies.",
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                "text": "Since its launch in 2025 the newly refreshed 'Net Zero Accelerator' has been utilised by 189 companies – the online digital tool supports companies to develop climate change plans which consider both adaptation and mitigation objectives.",
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                "text": "During the 2024-25 reporting year we achieved an 80% reduction in Scope 1, 2 and 3 emissions (within our existing reporting boundaries) compared with the 2015-16 baseline.",
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                "text": "Made significant progress creating the optimum environment to back more ambitious businesses to innovate and scale internationally – strengthening our capability, capacity and ways of working to support more companies more effectively.",
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                "text": "During this period, we focused on mobilising the Customer Engagement delivery team by establishing governance foundations, strengthening leadership oversight, and building clearer direction on skills, processes, culture and decision-making. This work will be underpinned by a modern digital engagement platform, for which the scope has been defined and the business case approved.",
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                "text": "We are making significant progress through our mission approach, sharpening our focus on a narrower set of high-impact activities, building stronger partnerships and tightening the connections between our priorities, our resources and delivery.",
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                "text": "The results for the year ended 31 March 2026 are contained in the attached accounts prepared in accordance with Section 30(1) of the Enterprise and New Towns (Scotland) Act 1990 and the Accounts Direction from the Scottish Ministers. These accounts show the net expenditure of the Scottish Enterprise Group. The accounting policies explain the basis on which the accounts are prepared.",
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                "text": "The Grant in Aid allocation is intended to cover capital and revenue expenditure (on an accruals basis) net of in-year income from sources such as the use or disposal of Scottish Enterprise's property and investment assets. In addition, there are ring fenced budget allocations for 'non-cash' costs, including depreciation, IFRS 16 reclassifications and Expected credit losses and write offs (ECLs) - (the estimated future cash shortfall from financial instruments held at amortised cost, and financial assets that have been written off during the financial year). A further budget allocation for Annually Managed Expenditure (AME) is made by the Scottish Government to cover volatile costs such as impairments and valuation adjustments which, by their nature, are not capable of being controlled to the same extent as items charged to the Resource Budget. AME budget does not form part of the original budget allocation and is therefore received during the Spring Budget Revision.",
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                                "html_text": "30,920",
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                                "html_text": "Financial Transactions income",
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                                "html_text": "-",
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                                    450.7252,
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                                "html_text": "(2,160)",
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                                "colspan": 1,
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                                "html_text": "(20,660)",
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                                "html_text": "Annually managed expenditure",
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                            {
                                "location": [
                                    144.3549,
                                    551.4,
                                    246.4783,
                                    579.12
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    246.4783,
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                                    348.6018,
                                    579.12
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    450.7252,
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                                "text": "1,500",
                                "html_text": "1,500",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    552.8486,
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                                ],
                                "text": "1,500",
                                "html_text": "1,500",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Total Cash Budget",
                                "html_text": "Total Cash Budget",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    523.68,
                                    246.4783,
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                                "text": "205,831",
                                "html_text": "205,831",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    523.68,
                                    348.6018,
                                    551.4
                                ],
                                "text": "12,887",
                                "html_text": "12,887",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    450.7252,
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                                "text": "13,979",
                                "html_text": "13,979",
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                                "colspan": 1,
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                                    552.8486,
                                    551.4
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                                "text": "232,697",
                                "html_text": "232,697",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Fiscal Resource - expected credit losses",
                                "html_text": "Fiscal Resource - expected credit losses",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "20,500",
                                "html_text": "20,500",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    348.6018,
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                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    495.96,
                                    450.7252,
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                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "20,500",
                                "html_text": "20,500",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Fiscal Resource - IFRS 16 adjustments (i)",
                                "html_text": "Fiscal Resource - IFRS 16 adjustments (i)",
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                                "cell_header_index": 0,
                                "rowspan": 1,
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                                    246.4783,
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                                "text": "(1,700)",
                                "html_text": "(1,700)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    552.8486,
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                                "text": "(1,700)",
                                "html_text": "(1,700)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    440.52,
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                                "text": "Fiscal Capital - IFRS 16 adjustments (i)",
                                "html_text": "Fiscal Capital - IFRS 16 adjustments (i)",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
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                                    246.4783,
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                                "text": "89",
                                "html_text": "89",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    246.4783,
                                    440.52,
                                    348.6018,
                                    468.24
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    348.6018,
                                    440.52,
                                    450.7252,
                                    468.24
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    450.7252,
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                                    552.8486,
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                                "text": "89",
                                "html_text": "89",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "Ring fenced DEL\n(Non-cash costs including depreciation)",
                                "html_text": "Ring fenced DEL\n(Non-cash costs including depreciation)",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    246.4783,
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                                "text": "13,500",
                                "html_text": "13,500",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
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                            {
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    450.7252,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "13,500",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Annually managed expenditure\n(Non-cash volatile costs including valuation adjustments)",
                                "html_text": "Annually managed expenditure\n(Non-cash volatile costs including valuation adjustments)",
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                            {
                                "location": [
                                    144.3549,
                                    385.08,
                                    246.4783,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    348.6018,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "91,500",
                                "html_text": "91,500",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "91,500",
                                "html_text": "91,500",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Total Budget",
                                "html_text": "Total Budget",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "238,220",
                                "html_text": "238,220",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "12,887",
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                "text": "i) This represents budget transfers to reflect re-classifications as a result of the implementation of IFRS 16 (Leases) from April 2022.",
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            {
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                "text": "The original Budget for 2025-26 amounted to £238.2m, comprising a grant in aid cash provision of £205.8m and a net non-cash allocation of £32.4m which consisted of £20.5m to cover ECLs; £13.5m to cover depreciation; less £1.6m cash adjustment relating to IFRS 16 leases.",
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                "text": "During the year, Scottish Government confirmed a large number of additional net transfers of budget amounting to £118.4m. The largest individual programme transfers were £6.9m Capital (CDEL) towards the Grangemouth Just Transition Fund and £5.9m Resource (RDEL) towards Scottish Development International activity. There was also a significant non-project transfer made during the Spring Budget Revision of £93m to cover Annual Managed Expenditure (AME).",
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                "text": "39",
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                "text": "Consequently, the final approved Total Budget for 2025-26 amounted to £356.6m, comprising a cash budget of £232.7m and non-cash allocation of £123.9m. Details of Scottish Enterprise's financial outturn against the budget allocated by the Scottish Government for 2025-26 are included within the Parliamentary Accountability and Audit Report section of the Accountability Report.",
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                "text": "Scottish Enterprise entered the 2025-26 financial year with a strong pipeline of projects with a value greater than our available budget. In order to allow maximum flexibility in the delivery of these projects, budget allocations were made based on the prioritised pipeline of projects rather than on available income. This was done recognising that there would be natural reductions in planned expenditure through the year, as well as the introduction of new priority projects, and this would be closely monitored with management of our income and expenditure budgets throughout the year. The over-allocations totalled £47.4m and were split between Capital (CDEL) of £39.7m and Resource (RDEL) of £7.7m. Financial Transactions (FT) budget was balanced from the start of the financial year. The chart below shows how the budget position changed during the financial year resulting in a successful out-turn position.",
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                "text": "Over/(under) allocation over time £m",
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                "text": "The CDEL budget pressure eased relatively quickly mainly through reduced expenditure forecasts as some projects did not proceed or progressed more slowly than expected. At the same time, pressures were increasing in the FT budget due to reduced income expectations and both budgets were re-balanced by the half year point primarily through funding investment expenditure from CDEL rather than FT.",
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                "text": "During the second half of the year, the CDEL and FT budgets were managed collectively with both budgets remaining balanced as we approached year-end through adjusting the income expected from listed share sales to account for changes in expenditure forecasts. The final CDEL net under-spend was £1.8m primarily reflecting our overall financial objective of a balanced budget with marginal bias towards a small under-spend. This prudent approach is required to avoid an over-spend and is considered a positive final out-turn position given the volatility in underlying income and projects delivered. The FT budget remained balanced at year-end.",
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                "text": "The RDEL budget pressure was much slower to ease and by August there was still pressure of £6.4m with the available budget fully committed. This resulted in early intervention to rigorously prioritise projects and reduce expenditure which re-balanced the budget in early September. These actions resulted in minimal budget available for any new projects in the second half of the financial year and the position required close monitoring. The budget remained broadly balanced in quarter 3 with small head-room emerging as we moved towards year-end as a result of slight reductions in expenditure. By early March, there was headroom of £2.6m and we funded a small Voluntary Exit (VE) scheme to help reduce future RDEL budget pressures. The final out-turn was a net under-spend of £2.1m after funding the VE scheme as there were further relatively small reductions in expenditure. Again, this is considered a positive out-turn position.",
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                "text": "Look Forward - 2026-27",
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                "text": "The Total Budget from Scottish Government for 2026-27 amounts to £237.1m including ring fenced allocations towards the Prestwick Hangar Expansion Project (£1.620m Resource and £1.520m Capital) and a DEL non-cash budget provision of £13.5m. The total budget is also net of £16.5m FT income budget to be generated by Scottish Enterprise in respect of anticipated returns based on financial asset investments originally funded from FT monies.",
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                "text": "<table><tr><td>Grant in Aid Budget Allocation 2026-27:</td><td>Original Budget Allocation</td></tr><tr><td></td><td>£000</td></tr><tr><td>Fiscal Resource</td><td>114,919</td></tr><tr><td>Fiscal Capital</td><td>83,558</td></tr><tr><td>Financial Transactions expenditure</td><td>17,431</td></tr><tr><td>Financial Transactions income</td><td>(16,500)</td></tr><tr><td>Total Cash Budget</td><td>199,408</td></tr><tr><td>Fiscal Resource - expected credit losses</td><td>20,500</td></tr><tr><td>Fiscal Resource - IFRS 16 adjustments</td><td>(1,377)</td></tr><tr><td>Fiscal Capital - IFRS 16 adjustments</td><td>5,044</td></tr><tr><td>Total Fiscal Budget</td><td>223,575</td></tr><tr><td>Ring fenced DEL\n(Non-cash costs including depreciation)</td><td>13,500</td></tr><tr><td>Annually managed expenditure</td><td>-</td></tr><tr><td>Total Budget</td><td>237,075</td></tr></table>",
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            },
            {
                "page": 41,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 263.76,
                    "r": 551.8888,
                    "b": 196.32
                },
                "text": "The total Scottish Enterprise Budget is supplemented by business income generated and used to support business plan expenditure during the year. In addition, further transfers of budget from the Scottish Government are anticipated through the normal operation of the Scottish Government's Budget Revision processes.",
                "reading_order": 4
            },
            {
                "page": 41,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
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                    "r": 549.2493,
                    "b": 48.72
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                "text": "Although we have separately identified an ECL budget of £20.5m as a prudent starting position, the Scottish Government did not specifically ring-fence this budget. Should ECL costs be lower than £20.5m, excess budget can be transferred to core cash budget to support wider economic development projects as part of a package of flexibilities agreed towards the end of 2025/26. However, should ECL budget requirements increase above £20.5m, the Scottish Government have recognised that costs relating to past investments can be difficult for Scottish Enterprise to manage, therefore in line with 2025/26, we will closely engage with the Scottish Government on ECL costs and forecasts against budget",
                "reading_order": 5
            }
        ]
    },
    {
        "page": 42,
        "items": [
            {
                "page": 42,
                "type": "TEXT",
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                    "l": 41.2717,
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                "text": "42",
                "reading_order": 0
            },
            {
                "page": 42,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 744.72,
                    "r": 543.0105,
                    "b": 677.76
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                "text": "as the year progresses, highlighting any difficulties and pressures in managing within this envelope. Scottish Government has approved the carry forward of reserves up to £3m from budget allocations from 2025/26 onwards to support future delivery. Based on final out-turn, we are able to carry forward £2.1m RDEL and £0.9m CDEL.",
                "reading_order": 1
            },
            {
                "page": 42,
                "type": "TEXT",
                "location": {
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                "text": "The Capital IFRS16 allocation of £5m was intended to be ring-fenced based on the timing of expected costs. However, the majority of the expenditure was incurred in 2025/26 and there is agreement with Scottish Government that this budget can be transferred to core cash budget for 2026/27 to fund projects deferred to enable the expenditure in 2025/26.",
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            {
                "page": 42,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                "text": "There will also be an opportunity later in the year to secure budget to cover costs that are charged to the Annually Managed Expenditure (AME) budget heading.",
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            },
            {
                "page": 42,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
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                "text": "Financial Position",
                "reading_order": 4,
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            {
                "page": 42,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                "text": "As at 31 March 2026, Scottish Enterprise's net assets decreased by £45.9m to £469.6m (2025: £515.5m) as reported in Scottish Enterprise's Group Statement of Financial Position. This reduction was primarily driven by a £81.3m decrease in financial assets, largely reflecting a fall in the fair value of other investments to £390.6m (2025: £471.2m).",
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            },
            {
                "page": 42,
                "type": "TEXT",
                "location": {
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                    "b": 260.64
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                "text": "Non-current assets decreased overall to £567.3m (2025: £622.6m), mainly due to the reduction in financial assets noted above. This was partially offset by increases in property, plant and equipment and right of use assets, the latter reflecting remeasured lease arrangements during the year and a significant improvement in the pension position, with the retirement benefit scheme moving from a net deficit position in the prior year to a net asset position of £11.3m (2025: deficit £8.3m). This £19.6m improvement can be attributed to higher corporate bond yields over the period and 44 active members leaving through the Voluntary Exit Scheme, leading to a decrease in liabilities. This has been partially offset by higher levels of inflation, an increase in future life expectancies and lower than expected asset returns.",
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            },
            {
                "page": 42,
                "type": "TEXT",
                "location": {
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                "text": "Current assets reduced by £6.8m to £192.6m (2025: £199.4m). This was driven by lower levels of short-term investments and assets held for sale, partially offset by an increase in cash and cash equivalents to £175.6m (2025: £170.2m). Trade and other receivables remained broadly stable year on year.",
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            },
            {
                "page": 42,
                "type": "TEXT",
                "location": {
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                "text": "Current liabilities decreased significantly by £22.1m to £64.4m (2025: £86.5m), primarily due to reductions in trade and other payables and provisions. This reflects the timing of expenditure and settlement of liabilities during the year.",
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            {
                "page": 42,
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                "location": {
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                "text": "Scottish Enterprise accesses Financial Transactions funding from the Scottish Government to support investment in companies and the provision of loans. These funds are repayable over terms of up to 15 years, based on estimated returns from the underlying investments.",
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        ]
    },
    {
        "page": 43,
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                "text": "43",
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            {
                "page": 43,
                "type": "TEXT",
                "location": {
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                "text": "During the year, £22.2m was drawn down and £10m repaid. A further £13.9m was waived by the Scottish Government following the write-off of the underlying investments, resulting in a net loan reduction of £1.7m.",
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            {
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                "text": "Payment Policy",
                "reading_order": 2,
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            {
                "page": 43,
                "type": "TEXT",
                "location": {
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                "text": "Scottish Enterprise has a stated service commitment to pay our suppliers within 30 days of receipt of agreed and valid invoice, or as provided for under the terms of an agreed contract. However, following guidance from Scottish Government, Scottish Enterprise implements a payment policy of 10 working days for all suppliers.",
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            {
                "page": 43,
                "type": "TEXT",
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                "text": "In the year ended 31 March 2026, Scottish Enterprise paid 87% (2025: 86%) of suppliers' invoices within the revised standard. The average number of days taken to pay valid invoices during the year was 7.4 days (2025: 8.0 days).",
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            {
                "page": 43,
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                "location": {
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                "text": "Social Matters",
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                "level": 6
            },
            {
                "page": 43,
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                "text": "Fraud or Corruption Claims",
                "reading_order": 6,
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            {
                "page": 43,
                "type": "TEXT",
                "location": {
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                "text": "Scottish Enterprise has policies and procedures in place to address fraud, corruption and bribery. All Scottish Enterprise colleagues are required to act honestly and with integrity, and to safeguard the public resources for which they are responsible. Scottish Enterprise will not accept any level of fraud or corruption. Our commitment to ethical standards is set out in the Scottish Enterprise Code of Conduct for our employees, the Counter Fraud Policy and the Speak Up (Whistleblowing) Policy. These policies are regularly updated to ensure they remain relevant, fit for purpose and aligned with the requirements of the Scottish Public Finance Manual. Training on our approach to addressing fraud, bribery and corruption is included in induction training for all colleagues joining Scottish Enterprise, as well as plans for ongoing refresher training from 2026-27.",
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            },
            {
                "page": 43,
                "type": "TEXT",
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                "text": "Our Counter Fraud Policy and Speak Up (Whistleblowing) Policy set out the available reporting routes, the processes that support colleagues to report concerns or suspicions of fraud or other wrongdoing, and the action that will be taken to investigate. Colleagues can raise concerns via:",
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            {
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                "text": "Their people manager",
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                "list_id": "L17",
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            },
            {
                "page": 43,
                "type": "LIST_ITEM",
                "location": {
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                "text": "The Director of Governance and Risk Assurance",
                "marker": "•",
                "list_id": "L17",
                "level": 0,
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            },
            {
                "page": 43,
                "type": "LIST_ITEM",
                "location": {
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                "text": "The Head of Audit",
                "marker": "•",
                "list_id": "L17",
                "level": 0,
                "reading_order": 11
            },
            {
                "page": 43,
                "type": "LIST_ITEM",
                "location": {
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                    "r": 213.317,
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                "text": "An anonymous submission",
                "marker": "•",
                "list_id": "L17",
                "level": 0,
                "reading_order": 12
            },
            {
                "page": 43,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 113.52,
                    "r": 305.2185,
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                "text": "The Chair of the Audit and Risk Committee.",
                "marker": "•",
                "list_id": "L17",
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        ]
    },
    {
        "page": 44,
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                "page": 44,
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                "text": "44",
                "reading_order": 0
            },
            {
                "page": 44,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
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                "text": "While all colleagues have responsibilities for preventing, detecting and reporting fraud, we recognise that the primary responsibility for designing, operating and reviewing appropriate internal controls to prevent and detect fraud rests with management. Management confirms the effectiveness of these controls through the internal control checklists completed as part of the annual Certificate of Assurance process. This system of internal control is reviewed on an ongoing basis by the Internal Audit Partnership team and by our external auditors, Audit Scotland. The Internal Audit Partnership team gives due regard to the possibility of fraud and other irregularities when undertaking internal audit reviews as part of the Scottish Enterprise Internal Audit Plan and seeks to identify any control weaknesses that could facilitate fraud or irregularities.",
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            },
            {
                "page": 44,
                "type": "TEXT",
                "location": {
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                    "r": 538.2115,
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                "text": "Scottish Enterprise continues to participate in the biennial National Fraud Initiative (NFI). Led by Audit Scotland, this counter-fraud exercise collects and matches data between participating public bodies to identify possible fraudulent transactions. There were no material issues arising from the 2024–25 NFI exercise for Scottish Enterprise.",
                "reading_order": 2
            },
            {
                "page": 44,
                "type": "TEXT",
                "location": {
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                    "r": 553.8084,
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                "text": "During 2025–26, we made improvements in our counter-fraud maturity. We developed an organisation-wide fraud risk assessment to understand our specific vulnerabilities to fraud. We also refreshed our induction training materials and updated our Counter Fraud Policy and Speak Up (Whistleblowing) Policy to ensure they are aligned with current best practice.",
                "reading_order": 3
            },
            {
                "page": 44,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
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                    "r": 294.6606,
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                "text": "Human Rights Due Diligence",
                "reading_order": 4,
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            },
            {
                "page": 44,
                "type": "TEXT",
                "location": {
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                    "r": 537.9716,
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                "text": "In line with Scottish Government guidance to public bodies, Scottish Enterprise is committed to human rights and requires human rights checks to be carried out before entering into business relationships for Scottish Enterprise funding. Scottish Enterprise reviewed its due diligence processes in 2025/26, which included the development of revised procedures. The review identified areas for enhancement, reflecting the increasingly complex geopolitical landscape in which Scottish Enterprise operates. Changes include an enhanced online screening and the introduction of targeted checks requiring a customer statement specifically addressing items and activities governed by the UK Strategic Exports Regime.",
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            },
            {
                "page": 44,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 192.48,
                    "r": 544.4503,
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                "text": "Following the First Minister's Parliamentary statement in September 2025, Scottish Enterprise paused the payment of new grants to, or investment in companies involved in the design, production, supply, and support of military equipment, technologies, and services whose products or services are provided to specific identified countries, where there is plausible evidence of genocide being committed by that country.",
                "reading_order": 6
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        ]
    },
    {
        "page": 45,
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                "page": 45,
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                "text": "45",
                "reading_order": 0
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            {
                "page": 45,
                "type": "TITLE",
                "location": {
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                "text": "Sanctions Policy",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 45,
                "type": "TEXT",
                "location": {
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                "text": "Scottish Enterprise has continued to implement a Sanctions Policy in line with UK Government's Legal Sanctions, and since March 2022 has continued to implement the Scottish Government's additional Discretionary Economic Measures Policy towards Russia, which have the intent to weaken the Russian regime's war efforts. The purpose of the policy is to help ensure that we are not supporting companies or individuals subject to legal sanctions and those companies that retain Russian or Belarusian trading or investment links, where these are able to be divested of.",
                "reading_order": 2
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            {
                "page": 45,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
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                "text": "Fairer Scotland Duty",
                "reading_order": 3,
                "level": 6
            },
            {
                "page": 45,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 552.48,
                    "r": 549.0093,
                    "b": 417.12
                },
                "text": "We are implementing The Fairer Scotland Duty which requires public authorities, including Scottish Enterprise, to address socio economic inequalities. This focuses on ensuring fair economic opportunities in line with Scottish Government's goals. The duty mandates strategic decisions to be carefully assessed, such as economic development strategies. We have integrated procedures and guidance to support colleagues in conducting assessments, aligned with our equality impact process. These requirements are included in our project lifecycle and applied to approvals from January 2019 onwards. A list of our published assessments is available on our website.",
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            {
                "page": 45,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
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                "text": "This builds on our equality obligations under the Equality Act 2010 and associated Scottish Specific Equality Duties. Further details are contained in our  Equality Mainstreaming  Report.",
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            {
                "page": 45,
                "type": "TITLE",
                "location": {
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                "text": "Corporate Social Responsibility",
                "reading_order": 6,
                "level": 6
            },
            {
                "page": 45,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
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                "text": "We have a comprehensive Corporate Social Responsibility (CSR) strategy that supports our organisational goals and values, ensuring we act as a responsible corporate citizen and play an active role in communities across Scotland. Key elements of this strategy include our volunteering policy and partnerships with charities.",
                "reading_order": 7
            },
            {
                "page": 45,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                "text": "We operate a well-established, colleague supported volunteering programme. Our volunteering policy reflects our commitment to supporting local communities and the environment, while also contributing to the development of our people. To encourage greater participation, we introduced micro volunteering, allowing colleagues to volunteer for short periods (a minimum of one hour), rather than limiting volunteering leave to half or full days. This change has increased accessibility and uptake across the organisation.",
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                "text": "Colleagues can access up to 21 hours of paid volunteering leave per year (pro rata for part time colleagues). During the period 1 April 2025 to 31 March 2026, colleagues recorded 989 hours of paid volunteering leave. A total of 125 colleagues participated across 175 volunteering instances, with individual activities ranging from one hour to three days.",
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                "text": "SE also operates a constituted Staff Charity Fund which is funded by voluntary pay deductions from SE staff. Staff retiring from SE can also request a £100 donation to be made to a charity/community group of their choice.",
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                "text": "The Fund is overseen by a group of staff volunteers and allows any staff member to request donations to be made, on their behalf, to charity and community groups that they have an interest in or a connection to. During 2025 the Staff Charity Fund paid out 89 donations on behalf of staff totalling £35,300.",
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                "text": "Scottish Enterprise's first edition Gaelic Language Plan for 2023 to 2028 was published in 2023. During the third year of our plan, we have delivered many activities that promote and celebrate the language and encourage its use including:",
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                "text": "Promoting the learning of Gaelic within the organisation.",
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                "text": "Using social media to promote Gaelic.",
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                "text": "Published an excerpt of Operating Plan in Gaelic.",
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            {
                "page": 46,
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                "text": "Equality and diversity",
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                "text": "We are committed to equality of opportunity, both as an employer and in the services we provide. Equality, Diversity and Inclusion (ED&I) is a core pillar of our People Strategy and underpins our ambition to build a fair, inclusive and high performing organisation.",
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                "text": "Every two years, we publish an Equality Mainstreaming Report, setting out our progress in meeting the Public Sector Equality Duty and embedding equality across the organisation. Our most recent  report, published in 2025, highlights how equality is being mainstreamed across our policies, practices and decision making, both as an employer and as a service provider.",
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                "text": "Key highlights",
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                "text": "In 2025/26",
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                "text": "Five vibrant colleague-led community groups with 440+ members, championing inclusion through awareness, allyship and peer support, all are welcome\nColleagues from minority ethnic groups made up 21% of new hires (8%) and 28% (11%) of new start graduates",
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                "text": "Colleagues from minority ethnic groups made up 21% of new hires (⤵️ 8%) and 28% (⚲️ 11%) of new start graduates",
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                "text": "Strong female leadership representation",
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                "text": "6.8%\ngender pay gap - continuing to narrow, downarrow down 1.82%\nsince 2024",
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                "text": "80% | 67% | 55%\n(EXECUTIVE) (DIRECTOR) (HEADS OF SERVICE)",
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            {
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                "text": "Environmental Matters",
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            {
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                "text": "The corporate emissions data noted below covers the 2024-25 reporting year and aligns with our annual Public Bodies Climate Change Duties Report (PBCCD) submitted to the Sustainable Scotland Network and published at  Sustainable Scotland Network detailing our yearly carbon performance.",
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                "text": "During the 2024-25 reporting year Scottish Enterprise's emissions reduced by 9% (111 tCO 2e), an 80% reduction in Scope 1, 2 and 3 emissions (within existing reporting boundaries) compared with the 2015-16 baseline. This exceeds our interim target to reduce by 75% by 2030.",
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            {
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                "text": "A breakdown of this is shown in the chart and table overleaf.",
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                "text": "Emission source. (scope) 2015-16 2023-24 2024-25 2024-25",
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                "text": "Carbon Footprint 2024-25: Baseline (tCO2e) Total carbon emitted (tCO2e) Percentage of total",
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                "page": 48,
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                "text": "Buildings Gas (1) 901 186 154 13.6%",
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                "page": 48,
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                "text": "Electricity (2) 1,414 146 136 12.0%",
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                "page": 48,
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                "text": "Elec Transmission & distribution losses (3) 117 13 12 1.1%",
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            {
                "page": 48,
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                "text": "Transport Car & Van (3) 583 126 124 10.9%",
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            {
                "page": 48,
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                "text": "Flights (3) 2,635 252 226 20.0%",
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            },
            {
                "page": 48,
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                "text": "Rail (3) 105 14 17 1.6%",
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                "text": "Total tCO2e 5,762 1,239 1,127 100%",
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            },
            {
                "page": 48,
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                "location": {
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                "text": "Emissions from the 2024-25 reporting year are the final year reported within the 2040 net zero target.",
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    {
        "page": 49,
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                "text": "From the 2025-26 reporting year our target to become a net zero organisation changed to 2035, five years ahead of our original target date. Our goal is to:",
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                "text": "Achieve a 95% reduction in emissions, from scopes 1, 2 and part of scope 3.",
                "marker": "•",
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            {
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                "text": "The remaining 5% being in/offset.",
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            {
                "page": 49,
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                "text": "We have also set an interim target to achieve a 91% reduction in emissions by 2030 with annual progress reviews taking place. Reduction targets continue to be compared to a 2015-16 baseline.",
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            {
                "page": 49,
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                "text": "Climate Change Strategy",
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            },
            {
                "page": 49,
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                "text": "The climate change strategy, alongside climate related risks and opportunities are managed and monitored by the Net Zero Steering Group and Climate Change Advocates (climate representatives from each Scottish Enterprise Division). The aim is to embed a focus on net zero across all Scottish Enterprise operations. Our environmental management system, covering our office facilities, and shared areas of our managed properties, is certified to ISO 14001.",
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                "text": "Scottish Enterprise continued to progress the transition of its property portfolio towards net zero, in line with its Net Zero Framework for Action and Operating Plan. Activity focused on embedding decarbonisation into portfolio strategy and asset management, strengthening data and governance, and advancing early action projects across building performance, renewable energy generation and biodiversity enhancement. This work supports compliance with emerging public sector decarbonisation requirements while ensuring the estate continues to enable economic development, mission delivery and long-term public value across Scotland.",
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            {
                "page": 49,
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                "text": "Scottish Enterprise also sets carbon budgets each year to support the transition to net zero as an organisation. This provides each division with a set carbon budget for business travel (flights, rail and car journeys) and accommodation. This ensures Scottish Enterprise remains within our target boundaries each year and Scottish Enterprise continues to lower emissions towards the net zero target.",
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            },
            {
                "page": 49,
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                "text": "Climate and sustainability considerations are also embedded within SE’s risk management framework. The Risk Management section of the Governance Statement sets out how climate related risks are identified, assessed and managed within Scottish Enterprise.",
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            },
            {
                "page": 49,
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                "text": "Adrian Gillespie\nAccountable Officer\n26 June 2026",
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                        "text": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
                        "title": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
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                        "page_start": 50,
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                "text": "Governance is the system of rules, practices and processes that are put in place to manage an organisation. The Corporate Governance Report explains Scottish Enterprise's governance structures (including our Board and our Executive Leadership Team) and how these arrangements have supported the achievement of our objectives during 2025-26.",
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                "text": "Scottish Enterprise undertakes the highest standards of corporate governance and has\nCodes of Conduct in place for Board members and for all colleagues. In compliance with\nthe Ethical Standards in Public Life etc (Scotland) Act 2000, Scottish Enterprise's  Code of Conduct for Board members sets out the roles and responsibilities of Board members and\nis published on our website, together with the Board members'  registers of interests. The\nRegister of Interests includes details of any financial interests declared, employment and\nappointments, personal interests and any other relevant interests.",
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                "text": "The Code of Conduct for Scottish Enterprise employees requires all colleagues, including members of our Executive Leadership Team, to declare any interest which may give rise to a conflict. This enables any actual, potential or perceived conflicts to be recorded and managed.",
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                "text": "Statement of Accountable Officer's Responsibilities",
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                "text": "Under section 30(1) of the Enterprise and New Towns (Scotland) Act 1990, Scottish Enterprise is required to prepare a statement of accounts for each financial year in the form, and on the basis, determined by the Scottish Ministers. The accounts are prepared on an accruals basis and must give a true and fair view of the state of affairs of Scottish Enterprise at the year-end of its net expenditure, statement of financial position and cash flows for the financial year.",
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                "text": "As the Accountable Officer, as far as I am aware, there is no relevant information of which Scottish Enterprise's auditors are unaware, and I have taken all necessary steps to make myself aware of any relevant audit information and to establish that Scottish Enterprise's auditors are aware of that information.",
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                "text": "In addition to these specific Accountable Officer duties and ensuring that Scottish Enterprise complies with the requirements of the Scottish Public Financial Manual on the proper handling and reporting of public funds, I am also required to take account of any written authorities provided by the Scottish Ministers. No written authorities were provided to, or requested by, me during 2025-26.",
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                "text": "Based on my own review and independent assurances received, it is my view that Scottish Enterprise has in place effective governance and internal control arrangements which are working well and comply with generally accepted best practice and the applicable guidance and principles within the Scottish Public Finance Manual. These arrangements were in place for the year ended 31 March 2026 and to the date of approval of the Annual Report and Accounts. As outlined in the section on Management Assurance Statements, Scottish Enterprise's significant corporate risk relating to financial sustainability is being drawn to the attention of the Scottish Government.",
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                "text": "Scottish Enterprise operates within the parameters of the Enterprise and New Towns (Scotland) Act 1990, which defines our purpose of furthering the development of Scotland's economy. Our activities support the delivery of the ambitions set out in Scotland's  National Strategy for Economic Transformation alongside other supporting Scottish Government strategies. Scottish Enterprise published 'Our Focus on Economic Transformation' in January 2024, which sets out how - responding to the accelerating pace of change and the multiple challenges facing the global economy - we will focus on transformative opportunities that create high value jobs, boost productivity and build wealth for Scotland's businesses and people, through three economic development missions.",
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                "text": "Our missions approach provides a framework to concentrate our efforts on those priority areas and businesses that will realise Scotland's economic potential and address structural weaknesses in the economy. Our missions are:",
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                "text": "Scaling innovation - delivering innovation-driven growth, turning cutting-edge R&D into world-leading businesses of scale in key future industries.",
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                "text": "Boosting capital investment - ensuring Scottish businesses can access the finance, infrastructure, and expertise needed to scale and increase productivity, and enable higher-value, higher-wage jobs.",
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                "text": "Scottish Enterprise Board members comply with the Scottish Government's 'On Board: A Guide for Board Members of Public Bodies in Scotland' which sets out the values and behaviours expected. This is supplemented by compliance with the  Scottish Enterprise Board's Code of Conduct which reinforces these values and sets out how these will be applied within Scottish Enterprise.",
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                "text": "Our values play a central role in how we deliver our strategic ambitions. They shape expectations for behaviour, decision making and performance across Scottish Enterprise.",
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                "text": "Organisational policies, set out within the Colleague Journey, define clear expectations for all colleagues and are underpinned by our values of being impactful, ambitious and dynamic. These policies are kept under regular review to ensure they remain relevant, legally compliant and aligned with best practice.",
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                "text": "We place equal importance on how we achieve our goals as on what we deliver. This is reflected in our performance management approach, My Performance, which asks colleagues with People Managers to set objectives that address both outcomes and the behaviours aligned to our values, supporting delivery of our strategic direction.",
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                "text": "Scottish Enterprise complies with the applicable principles and guidance set out in the  Scottish Public Finance Manual for the proper handling and reporting of public funds.\nScottish Enterprise also operates in accordance with the  Framework Document agreed with the Scottish Government, which sets out the key roles and responsibilities of the\nScottish Enterprise Board, Chair and Chief Executive/Accountable Officer. It devolves\npowers to the Scottish Enterprise Board and Chief Executive. Our decision-making\nprocesses are underpinned by our internal delegated authority arrangements and clear roles and responsibilities.",
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                "text": "57",
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                "text": "The Scottish Enterprise Board is directly accountable to the Scottish Ministers and, through them, to the Scottish Parliament. The Board members are appointed by the Scottish Ministers from a variety of backgrounds, based on their knowledge and experience gained in industry, commerce and academia. Appointments are made in line with the ‘Code of Practice for Ministerial Appointments to Public Bodies in Scotland’ issued by the Commissioner for Ethical Standards in Public Life in Scotland.",
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                "text": "The Board is responsible for Scottish Enterprise's performance and for ensuring it delivers Scottish Ministers' policies and priorities. Our  Framework Document with the Scottish Government outlines the Board's general corporate responsibility for:",
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                "text": "Approving our annual report and accounts – reviewing and approving the annual report and accounts before they are submitted to Ministers and laid before the Scottish Parliament.",
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                "text": "Using public resources responsibly – promoting the efficient, effective and economical use of resources in line with best value principles, including working jointly with others.",
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                "text": "The Board Approvals Committee approves decisions relating to the business of Scottish Enterprise which would otherwise be made by the Board, except where a significant conflict of interest has been identified and declared by a Board member.",
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                "text": "The Committee is chaired by the Scottish Enterprise Board Chair with membership consisting of all non-executive members, excluding any conflicted Board member. It is convened immediately following a Board meeting, as required.",
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                "text": "The Scottish Enterprise Board has established an Audit and Risk Committee to support the Board in fulfilling its responsibilities in relation to risk, control, governance and associated assurance. The Committee monitors and reports to the Board on planned activity and findings of both internal and external audit, including the adequacy of management responses to issues arising from audit work. The Committee also reviews the accounting policies and the Annual Report and Accounts and makes a recommendation to the Board for approval. The Committee is appointed by the Scottish Enterprise Board from among the non-executive directors and consists of not fewer than three members, at least one of whom is required to have a recent and relevant financial experience. All new members undertake a structured induction covering the role of the Audit and Risk Committee, the organisation's key risks and the audit/assurance landscape. Membership of the Audit and Risk Committee changed in March 2026, with the Committee now comprising five members.",
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                "text": "Chair: non-executive\nDr Poonam Malik 4 members\n(until 31 December 2025) during 2025-26",
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                "text": "The Remuneration Committee ensures that Chief Executive and Executive Leadership Team remuneration is in accordance with the parameters stipulated by the Scottish Public Finance Manual and the most current Scottish Government Public Sector Pay Policy. The Committee also reviews the ongoing appropriateness and relevance of Scottish Enterprise's remuneration arrangements and considers remuneration trends across the organisation, including equal pay. The Committee is appointed by the Scottish Enterprise Board from among the non-executive directors and consists of not fewer than three members. The Chair of the Scottish Enterprise Board may not be the Chair of the Committee. The Committee usually meets at least twice each year, however it met once during 2025-26.",
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                "text": "Chair: non-executive\nProfessor Sir Jim 4 members\nMcDonald GBE during 2025-26",
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                "text": "The attendance records for Board subcommittee meetings during 2025-26 is shown below. The format shows the number of meetings attended and the number of meetings that the Board member was eligible to attend.",
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                "links": [
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                        "uri": "https://www.gov.scot/publications/best-value-public-services-guidance-accountable-officers/",
                        "dest": null,
                        "action_type": "/URI",
                        "bbox": [
                            480.1,
                            246.09,
                            558.17,
                            262.98
                        ]
                    },
                    {
                        "uri": "https://www.gov.scot/publications/best-value-public-services-guidance-accountable-officers/",
                        "dest": null,
                        "action_type": "/URI",
                        "bbox": [
                            40.3,
                            229.2,
                            215.21,
                            246.09
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                    }
                ],
                "reading_order": 7
            },
            {
                "page": 63,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 200.16,
                    "r": 544.2103,
                    "b": 150.72
                },
                "text": "Robust evidence is gathered to support the evaluation of each theme, including evidence from assurance providers where available. Findings from the self-evaluation are reported to the Audit and Risk Committee and the Board.",
                "reading_order": 8
            },
            {
                "page": 63,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 137.52,
                    "r": 542.7706,
                    "b": 54
                },
                "text": "During 2025-26, two thematic deep dives were undertaken on the best value themes of Sustainability and Use of Resources, with a range of actions for further development and improvement now being progressed. These recent best value reviews build on prior work in 2024-25 on the three best value themes of Vision and Leadership, Governance and Accountability and Fairness and Equality.",
                "reading_order": 9
            }
        ]
    },
    {
        "page": 64,
        "items": [
            {
                "page": 64,
                "type": "TEXT",
                "location": {
                    "l": 40.7918,
                    "t": 805.68,
                    "r": 57.8283,
                    "b": 794.88
                },
                "text": "64",
                "reading_order": 0
            },
            {
                "page": 64,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 744,
                    "r": 196.7603,
                    "b": 727.92
                },
                "text": "Strategy and Planning",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 64,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 721.92,
                    "r": 554.0483,
                    "b": 638.16
                },
                "text": "The Scottish Government’s ‘National Strategy for Economic Transformation’ and supporting strategies, along with the opportunities and challenges in Scotland’s economy, are key drivers of Scottish Enterprise’s operations. In developing Scottish Enterprise strategies and the Scottish Enterprise Operating Plan, there is a clear framework in which Scottish Enterprise Board members and the Executive Leadership Team take a leading role.",
                "links": [
                    {
                        "uri": "https://www.gov.scot/publications/scotlands-national-strategy-economic-transformation/",
                        "dest": null,
                        "action_type": "/URI",
                        "bbox": [
                            197.56,
                            705.47,
                            463.3,
                            722.37
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                    }
                ],
                "reading_order": 2
            },
            {
                "page": 64,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
                    "t": 624.48,
                    "r": 201.7993,
                    "b": 609.12
                },
                "text": "Resource Management",
                "reading_order": 3,
                "level": 6
            },
            {
                "page": 64,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 602.16,
                    "r": 546.8498,
                    "b": 468
                },
                "text": "Scottish Enterprise always seeks to ensure that our financial and people resources are being deployed to maximise the benefits to the Scottish economy. Underpinning that objective is Scottish Enterprise's programme and project management frameworks which incorporate a strong, constructive, independent challenge to increase the quality of the projects and programmes which Scottish Enterprise delivers and to ensure that they are driven by our priorities. The frameworks provide a best practice mechanism for the appraisal, approval and implementation of programmes and projects which provides assurance that Scottish Enterprise's resources are being used effectively and efficiently.",
                "reading_order": 4
            },
            {
                "page": 64,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
                    "t": 455.28,
                    "r": 227.4741,
                    "b": 439.2
                },
                "text": "Performance Management",
                "reading_order": 5,
                "level": 6
            },
            {
                "page": 64,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
                    "t": 432.72,
                    "r": 547.5696,
                    "b": 349.44
                },
                "text": "The Scottish Enterprise Corporate Plan sets out Scottish Enterprise's priority outcomes, behind which sits a fuller performance framework that is used to track and monitor not only what we deliver, but how we deliver it. Analysis and insights from the performance framework allows Scottish Enterprise to better understand what works, and what has the greatest impact on Scotland's economy.",
                "reading_order": 6
            },
            {
                "page": 64,
                "type": "TITLE",
                "location": {
                    "l": 40.3119,
                    "t": 336.24,
                    "r": 170.1257,
                    "b": 319.68
                },
                "text": "Budgetary Control",
                "reading_order": 7,
                "level": 6
            },
            {
                "page": 64,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 313.44,
                    "r": 551.8888,
                    "b": 213.36
                },
                "text": "Budgets are approved on an annual basis as part of the Business Planning process and are allocated to business areas to ensure clear accountability for the delivery of the budget. The Executive Leadership Team and the Board receive regular reports on expenditure and income against budget together with a summary of the movement in the full-year income and expenditure forecasts. This also includes proposed corrective action where necessary to ensure our financial objectives are met.",
                "reading_order": 8
            }
        ]
    },
    {
        "page": 65,
        "items": [
            {
                "page": 65,
                "type": "TEXT",
                "location": {
                    "l": 538.2115,
                    "t": 805.44,
                    "r": 553.8084,
                    "b": 794.4
                },
                "text": "65",
                "reading_order": 0
            },
            {
                "page": 65,
                "type": "TITLE",
                "location": {
                    "l": 39.3521,
                    "t": 744.24,
                    "r": 293.9407,
                    "b": 727.92
                },
                "text": "Colleague Conduct and Engagement",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 65,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 721.92,
                    "r": 543.7304,
                    "b": 654.96
                },
                "text": "People are at the heart of Scottish Enterprise. The Colleague Journey, available on the Scottish Enterprise intranet, clearly sets out colleagues' responsibilities and our expectations in relation to behaviours, conduct and values. It is reviewed and updated as required to ensure ongoing legal compliance and alignment with best practice.",
                "reading_order": 2
            },
            {
                "page": 65,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 642.72,
                    "r": 552.1287,
                    "b": 575.28
                },
                "text": "We actively listen to colleagues through engagement surveys, discussion groups, the work of My Community groups and regular check-in conversations, using this insight to shape a positive, inclusive and engaging workplace. We also work in close partnership with our recognised trade unions to support effective engagement and meaningful dialogue.",
                "reading_order": 3
            },
            {
                "page": 65,
                "type": "TITLE",
                "location": {
                    "l": 39.1121,
                    "t": 562.56,
                    "r": 332.8129,
                    "b": 545.52
                },
                "text": "Speak Up (Whistleblowing) Arrangements",
                "reading_order": 4,
                "level": 6
            },
            {
                "page": 65,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 540.24,
                    "r": 552.1287,
                    "b": 474
                },
                "text": "Scottish Enterprise encourages colleagues to speak up about any concerns of wrongdoing. Our arrangements, which include a Speak Up (Whistleblowing) Policy and regular reporting, have been developed with reference to good practice and are formally considered by the Audit and Risk Committee on an annual basis.",
                "reading_order": 5
            },
            {
                "page": 65,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 460.32,
                    "r": 238.5119,
                    "b": 443.76
                },
                "text": "Digital, Data and IT Services",
                "reading_order": 6,
                "level": 6
            },
            {
                "page": 65,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 438,
                    "r": 552.3687,
                    "b": 320.4
                },
                "text": "The Digital, Data and IT (DDIT) directorate is responsible for enabling the delivery of Scottish Enterprise's Digital, Data and AI Strategy (2025 - 2028). The strategy is focused on the three key pillars of being Data Driven, Customer Centric, and Enabling Colleagues. Much of this work is delivered in partnership with business teams, for example the Enterprise Resource Planning system replacement is aligned with the Financial and People strategies, and the Customer Engagement Platform is delivered in collaboration with the Customer Engagement Strategy team.",
                "reading_order": 7
            },
            {
                "page": 65,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
                    "t": 307.92,
                    "r": 547.3297,
                    "b": 189.6
                },
                "text": "DDIT delivers this in partnership with Enterprise Information Services (EIS), a shared service which provides IT services to Scottish Enterprise, Skills Development Scotland, Highlands and Islands Enterprise and South of Scotland Enterprise. EIS provide network, end-user computer, mobile, partnership wide security systems, service desk functionality, hosting and cloud services. Cyber security responsibilities are shared between Scottish Enterprise and EIS, and we continue to hold Cyber Essentials Plus certification. Disaster recovery, business continuity, and cyber security readiness tests are regularly carried out.",
                "reading_order": 8
            }
        ]
    },
    {
        "page": 66,
        "items": [
            {
                "page": 66,
                "type": "TEXT",
                "location": {
                    "l": 41.0317,
                    "t": 805.44,
                    "r": 57.3484,
                    "b": 794.64
                },
                "text": "66",
                "reading_order": 0
            },
            {
                "page": 66,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 743.76,
                    "r": 353.6887,
                    "b": 728.88
                },
                "text": "Data Protection and Information Governance",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 66,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 721.68,
                    "r": 553.5684,
                    "b": 638.4
                },
                "text": "The Data Protection and Information Governance Officer for Scottish Enterprise has overall responsibility for monitoring and ensuring organisational compliance with Data Protection legislation and wider organisational Information Governance. Policies and guidance are in place to ensure that Scottish Enterprise meets its legislative and procedural obligations and all colleagues are required to undertake annual data protection training.",
                "reading_order": 2
            },
            {
                "page": 66,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 625.44,
                    "r": 535.3321,
                    "b": 542.16
                },
                "text": "Statutory compliance includes reporting reportable data protection breaches to the Information Commissioner's Office and other Supervisory Authorities where relevant. During 2025-26 Scottish Enterprise had no reportable data breaches (2024-25: one). All internally reported incidents (for example misdirected emails) are assessed and actions are taken where necessary to minimise impact and recurrence.",
                "reading_order": 3
            },
            {
                "page": 66,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 528,
                    "r": 182.8431,
                    "b": 512.64
                },
                "text": "Estate Management",
                "reading_order": 4,
                "level": 6
            },
            {
                "page": 66,
                "type": "TEXT",
                "location": {
                    "l": 38.3923,
                    "t": 506.4,
                    "r": 549.4892,
                    "b": 337.92
                },
                "text": "Scottish Enterprise manages its operational offices in accordance with the Scottish Government's Asset Management Policy and the Single Scottish Estate Programme. The Scottish Enterprise property portfolio includes our current operational premises. Our strategy is to ensure assets are utilised in the most efficient and effective manner possible. Scottish Enterprise works closely with the Scottish Government and the Smarter Workplaces team at Scottish Futures Trust to achieve this aim. Our accommodation strategy seeks to right-size the number and capacity of our offices to reflect their current and anticipated future use. We work with partners to ensure that we maximise the potential for co-location with other public bodies and other organisations that share SE's strategic objectives.",
                "reading_order": 5
            },
            {
                "page": 66,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 324.72,
                    "r": 167.7262,
                    "b": 309.12
                },
                "text": "Risk Management",
                "reading_order": 6,
                "level": 6
            },
            {
                "page": 66,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 302.4,
                    "r": 552.8486,
                    "b": 118.08
                },
                "text": "Scottish Enterprise's Risk Management Policy was updated during 2024/25 and sets out a clear and consistent approach to risk management, including risk appetite, specific roles and responsibilities and the key steps in the risk management process. The Policy is aligned with the risk management requirements of the Scottish Public Finance Manual, the UK Government's Orange Book and best practice. The operation of the policy is reviewed by the Audit and Risk Committee to ensure it continues to support the effective and efficient operation of the organisation, helping to respond to business risks and to implement adequate controls. In accordance with the Risk Management Policy, the Board determines the level of risk we are willing to accept in the pursuit of our objectives and obtains assurance from management that risks are being managed accordingly within our appetite.",
                "reading_order": 7
            }
        ]
    },
    {
        "page": 67,
        "items": [
            {
                "page": 67,
                "type": "TITLE",
                "location": {
                    "l": 51.1097,
                    "t": 732,
                    "r": 456.8679,
                    "b": 716.4
                },
                "text": "The Board's risk appetite is summarised in the following statement:",
                "reading_order": 0,
                "level": 6
            },
            {
                "page": 67,
                "type": "TEXT",
                "location": {
                    "l": 50.1499,
                    "t": 702.72,
                    "r": 537.0118,
                    "b": 602.4
                },
                "text": "Scottish Enterprise's priority is economic transformation. Our focus on developing Scotland's economy and addressing market failure means that risk is inherent in all that we do. For us to be successful and achieve our bold, transformative ambitions that will have a lasting impact, we will empower our people to seek and embrace risk. This will help us focus our resources on exploiting the best opportunities for Scotland's economy.",
                "reading_order": 1
            },
            {
                "page": 67,
                "type": "TEXT",
                "location": {
                    "l": 50.3898,
                    "t": 589.92,
                    "r": 538.6914,
                    "b": 505.68
                },
                "text": "However, it is often not possible to remove all uncertainty nor is it possible to manage all risks at any point in time to the most desirable level. Significant global economic challenges have increased levels of complexity and disruption. We therefore recognise that we must take informed, responsible and balanced risks while working within prescribed parameters within our operational environment.",
                "reading_order": 2
            },
            {
                "page": 67,
                "type": "TEXT",
                "location": {
                    "l": 49.67,
                    "t": 493.2,
                    "r": 536.5319,
                    "b": 359.28
                },
                "text": "Our risk appetite has been defined following consideration of our organisational risks and issues. Appetite levels vary: in some areas our risk tolerance is more cautious whereas in others, we are open or hungry for risk and are willing to seek risk in a responsible manner in the pursuit of our important objectives. We will always aim to operate our organisational activities at the levels defined in the appetite statements for individual risk categories. Where activities are projected to exceed the defined risk appetite levels, this will be highlighted through appropriate governance and risk mechanisms.",
                "reading_order": 3
            },
            {
                "page": 67,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 333.12,
                    "r": 538.2115,
                    "b": 283.68
                },
                "text": "We have established individual risk appetite statements and levels have been agreed for ten risk categories that represent the principal sources of risk to Scottish Enterprise. These are:",
                "reading_order": 4
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 275.28,
                    "r": 369.5255,
                    "b": 260.64
                },
                "text": "Reputation, Stakeholders, Customers and Partnerships",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 5
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.3119,
                    "t": 257.04,
                    "r": 112.0574,
                    "b": 243.12
                },
                "text": "Financial",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 6
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.3119,
                    "t": 239.04,
                    "r": 91.1816,
                    "b": 225.36
                },
                "text": "Legal",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 7
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 221.52,
                    "r": 281.4633,
                    "b": 207.84
                },
                "text": "Governance, Processes and Operations",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 8
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.3521,
                    "t": 204.24,
                    "r": 332.573,
                    "b": 189.6
                },
                "text": "Economic Development - Strategy and Missions",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 9
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 186.48,
                    "r": 189.5618,
                    "b": 171.6
                },
                "text": "Digital and Technology",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 10
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 168.72,
                    "r": 169.6458,
                    "b": 154.32
                },
                "text": "People and Culture",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 11
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 150.72,
                    "r": 208.278,
                    "b": 136.56
                },
                "text": "Climate and Sustainability",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 12
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.5518,
                    "t": 132.24,
                    "r": 94.7809,
                    "b": 119.04
                },
                "text": "Cyber",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 13
            },
            {
                "page": 67,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 115.2,
                    "r": 189.0819,
                    "b": 100.08
                },
                "text": "Organisational Change.",
                "marker": "•",
                "list_id": "L25",
                "level": 0,
                "reading_order": 14
            },
            {
                "page": 67,
                "type": "TEXT",
                "location": {
                    "l": 538.6914,
                    "t": 805.68,
                    "r": 554.0483,
                    "b": 794.64
                },
                "text": "67",
                "reading_order": 15
            }
        ]
    },
    {
        "page": 68,
        "items": [
            {
                "page": 68,
                "type": "TEXT",
                "location": {
                    "l": 41.0317,
                    "t": 805.44,
                    "r": 57.3484,
                    "b": 794.64
                },
                "text": "68",
                "reading_order": 0
            },
            {
                "page": 68,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 744.48,
                    "r": 548.7694,
                    "b": 627.12
                },
                "text": "During 2025-26, a corporate risk ‘dashboard’ was presented at each meeting of the Scottish Enterprise Board to highlight the principal risks within our Corporate Risk Register and any changes in risk exposure. The Corporate Risk Register is maintained to identify, record and support the management of those risks that impact the organisation as a whole and are likely to affect the achievement of our strategic goals and objectives. The Corporate Risk Register is reviewed regularly by the Executive Leadership Team, including consideration of progress against agreed mitigating actions.",
                "reading_order": 1
            },
            {
                "page": 68,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 614.4,
                    "r": 543.7304,
                    "b": 446.16
                },
                "text": "In addition to guidance provided to all colleagues directly involved in risk management activity, risk awareness guidance for all colleagues has been shared across the organisation to support a consistent approach. Everyone across Scottish Enterprise has a responsibility to support the identification, management and escalation of risk. Management teams and programme/project teams are responsible for maintaining effective systems of risk management and internal control within their areas of responsibility, consistent with the Risk Management Policy, and for escalating risks where appropriate. These arrangements are designed to support the delivery of organisational priorities and objectives in an efficient and effective manner in accordance with Scottish Enterprise's risk appetite, values and policies.",
                "reading_order": 2
            },
            {
                "page": 68,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 433.2,
                    "r": 542.0507,
                    "b": 350.16
                },
                "text": "Ownership is assigned for each identified risk at a corporate, management team and programme/project levels. Risk owners are responsible for co-ordinating the response to the risk and for meeting any associated reporting requirements. The potential impacts of risks are routinely documented within papers that are submitted to the Board and Executive Leadership Team.",
                "reading_order": 3
            },
            {
                "page": 68,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 337.2,
                    "r": 527.1737,
                    "b": 270.24
                },
                "text": "Scottish Enterprise's Audit and Risk Committee reviews the Corporate Risk Register regularly on behalf of the Board. The Audit and Risk Committee has focused particular attention on the risks that are out with our agreed risk appetite, together with the adequacy of the plans for the mitigation.",
                "reading_order": 4
            },
            {
                "page": 68,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 257.52,
                    "r": 549.0093,
                    "b": 190.8
                },
                "text": "During 2025-26, Scottish Enterprise has continued to operate within a highly dynamic and evolving environment. The external drivers of several of our corporate risks present considerable challenges in the extent to which we can directly manage or influence these risks effectively and within our agreed risk appetite.",
                "reading_order": 5
            }
        ]
    },
    {
        "page": 69,
        "items": [
            {
                "page": 69,
                "type": "TEXT",
                "location": {
                    "l": 537.9716,
                    "t": 805.2,
                    "r": 553.8084,
                    "b": 794.64
                },
                "text": "69",
                "reading_order": 0
            },
            {
                "page": 69,
                "type": "TITLE",
                "location": {
                    "l": 119.7359,
                    "t": 744.96,
                    "r": 475.3442,
                    "b": 712.32
                },
                "text": "The principal risks identified on the Corporate Risk Register during the 2025-26 reporting period were:",
                "reading_order": 1,
                "level": 1
            },
            {
                "page": 69,
                "type": "FIGURE",
                "location": {
                    "l": 63.1073,
                    "t": 695.04,
                    "r": 113.7371,
                    "b": 645.36
                },
                "text": "",
                "reading_order": 2
            },
            {
                "page": 69,
                "type": "TEXT",
                "location": {
                    "l": 50.3898,
                    "t": 636.72,
                    "r": 126.6945,
                    "b": 605.76
                },
                "text": "Financial\nsustainability\nOngoing\ngeopolitical\ntensions and\ntheir impact\nScottish Enterprise's\nreputation,\ninfluence and\nimpact on delivery\nCyber\nsecurity and\noperational\nresilience",
                "reading_order": 3
            },
            {
                "page": 69,
                "type": "FIGURE",
                "location": {
                    "l": 155.4887,
                    "t": 695.04,
                    "r": 206.1185,
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            {
                "page": 73,
                "type": "TITLE",
                "location": {
                    "l": 45.5908,
                    "t": 671.04,
                    "r": 77.0245,
                    "b": 658.8
                },
                "text": "RISK",
                "reading_order": 2,
                "level": 6
            },
            {
                "page": 73,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 644.4,
                    "r": 552.1287,
                    "b": 561.6
                },
                "text": "Within the context of increasingly sophisticated and frequent cyber-attacks on organisations, there is a risk that Scottish Enterprise is subject to a successful attack. In addition, there is also a risk of sustained disruption to our systems/networks/services due to third party actions, negligence/misconduct and/or broader events in the tech ecosystem and supply chain.",
                "reading_order": 3
            },
            {
                "page": 73,
                "type": "TEXT",
                "location": {
                    "l": 41.0317,
                    "t": 547.44,
                    "r": 133.893,
                    "b": 533.76
                },
                "text": "This may cause:",
                "reading_order": 4
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 524.4,
                    "r": 337.6119,
                    "b": 510.24
                },
                "text": "Unlawful disclosure of sensitive or personal data.",
                "marker": "•",
                "list_id": "L33",
                "level": 0,
                "reading_order": 5
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 506.64,
                    "r": 446.55,
                    "b": 492
                },
                "text": "Significant and prolonged disruption to SE's operations and services.",
                "marker": "•",
                "list_id": "L33",
                "level": 0,
                "reading_order": 6
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 488.64,
                    "r": 489.2614,
                    "b": 457.44
                },
                "text": "Inability to access/operate key systems/networks that support our business operations, including EIS.",
                "marker": "•",
                "list_id": "L33",
                "level": 0,
                "reading_order": 7
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.3521,
                    "t": 454.32,
                    "r": 368.8057,
                    "b": 439.68
                },
                "text": "Reputational damage and erosion of stakeholder trust.",
                "marker": "•",
                "list_id": "L33",
                "level": 0,
                "reading_order": 8
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 436.32,
                    "r": 413.9166,
                    "b": 421.44
                },
                "text": "Significant financial penalties under data protection legislation.",
                "marker": "•",
                "list_id": "L33",
                "level": 0,
                "reading_order": 9
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.0719,
                    "t": 418.32,
                    "r": 448.2296,
                    "b": 403.68
                },
                "text": "Increased operational costs due to recovery and remediation efforts.",
                "marker": "•",
                "list_id": "L33",
                "level": 0,
                "reading_order": 10
            },
            {
                "page": 73,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 389.76,
                    "r": 550.449,
                    "b": 340.56
                },
                "text": "This risk has been a principal risk for Scottish Enterprise throughout 2025-26. The external cyber threat landscape remains active and reinforced the need for continuous improvement in our cyber resilience.",
                "reading_order": 11
            },
            {
                "page": 73,
                "type": "TITLE",
                "location": {
                    "l": 44.871,
                    "t": 323.04,
                    "r": 154.7688,
                    "b": 309.6
                },
                "text": "KEY MITIGATIONS",
                "reading_order": 12,
                "level": 6
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 295.2,
                    "r": 501.7389,
                    "b": 263.52
                },
                "text": "Dedicated cyber security team working alongside the EIS Cyber Security team, combining central expertise and local support.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 13
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.0719,
                    "t": 260.64,
                    "r": 531.013,
                    "b": 228.72
                },
                "text": "Renewal of Scottish Enterprise's Cyber Essentials Plus accreditation (October 2025) and cyber maturity assessment (October 2024).",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 14
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.0719,
                    "t": 225.6,
                    "r": 529.3333,
                    "b": 194.4
                },
                "text": "Approved cyber security strategy in place with delivery of associated action plan to address risks in our environment.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 15
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 190.8,
                    "r": 294.1807,
                    "b": 176.4
                },
                "text": "Key information security policies in place.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 16
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
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                    "r": 547.5696,
                    "b": 141.84
                },
                "text": "Mandatory training for all colleagues on cyber and threat awareness, as well as regular phishing exercises and focused follow-up.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 17
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.0719,
                    "t": 138.48,
                    "r": 519.9752,
                    "b": 123.6
                },
                "text": "Continued work with our shared services partner EIS on cyber security measures.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 18
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 40.0719,
                    "t": 120.48,
                    "r": 426.3941,
                    "b": 105.84
                },
                "text": "Oversight of key groups, including the Audit and Risk Committee.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 19
            },
            {
                "page": 73,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 102.72,
                    "r": 537.4917,
                    "b": 53.28
                },
                "text": "Business continuity and disaster recovery plans in place for critical assets and processes. Further testing and improvement actions planned for business continuity and disaster recovery arrangements to help reduce the impact of cyber disruption.",
                "marker": "•",
                "list_id": "L34",
                "level": 0,
                "reading_order": 20
            }
        ]
    },
    {
        "page": 74,
        "items": [
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                "page": 74,
                "type": "TEXT",
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                    "b": 795.12
                },
                "text": "74",
                "reading_order": 0
            },
            {
                "page": 74,
                "type": "FIGURE",
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                "text": "",
                "reading_order": 1
            },
            {
                "page": 74,
                "type": "TITLE",
                "location": {
                    "l": 113.4971,
                    "t": 726.96,
                    "r": 245.4705,
                    "b": 711.12
                },
                "text": "Legal environment",
                "reading_order": 2,
                "level": 1
            },
            {
                "page": 74,
                "type": "TITLE",
                "location": {
                    "l": 45.3509,
                    "t": 671.52,
                    "r": 77.0245,
                    "b": 658.56
                },
                "text": "RISK",
                "reading_order": 3,
                "level": 6
            },
            {
                "page": 74,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 644.64,
                    "r": 548.7694,
                    "b": 577.68
                },
                "text": "The number, significance, complexity, uncertainty, and volatility of legal requirements facing Scottish Enterprise are relatively high and expected to increase. This is attributable not only to the external legal environment but also strategy-driven changes in delivery mechanisms to maximize economic impacts.",
                "reading_order": 4
            },
            {
                "page": 74,
                "type": "TEXT",
                "location": {
                    "l": 39.832,
                    "t": 565.2,
                    "r": 553.0885,
                    "b": 515.52
                },
                "text": "The scale of inputs required to ensure compliance with legal requirements is accordingly relatively high and expected to increase. This risks overall increased overhead and delivery time and cost, which in turn could negatively affect SE's effectiveness and reputation.",
                "reading_order": 5
            },
            {
                "page": 74,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 502.8,
                    "r": 477.2638,
                    "b": 486.96
                },
                "text": "This risk has been a principal risk for Scottish Enterprise throughout 2025-26.",
                "reading_order": 6
            },
            {
                "page": 74,
                "type": "TITLE",
                "location": {
                    "l": 44.871,
                    "t": 469.92,
                    "r": 155.0088,
                    "b": 455.76
                },
                "text": "KEY MITIGATIONS",
                "reading_order": 7,
                "level": 6
            },
            {
                "page": 74,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 441.6,
                    "r": 512.7766,
                    "b": 410.4
                },
                "text": "We have defined our legal risk appetite as part of our risk management decision making framework.",
                "marker": "•",
                "list_id": "L35",
                "level": 0,
                "reading_order": 8
            },
            {
                "page": 74,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 406.8,
                    "r": 531.7328,
                    "b": 376.08
                },
                "text": "Ongoing horizon scanning of the legal environment to monitor and respond to legal developments.",
                "marker": "•",
                "list_id": "L35",
                "level": 0,
                "reading_order": 9
            },
            {
                "page": 74,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 372.24,
                    "r": 538.2115,
                    "b": 339.6
                },
                "text": "Strategic insights work to identify the major trends and movements that are shaping Scotland's economy and might impact on our strategic direction and focus.",
                "marker": "•",
                "list_id": "L35",
                "level": 0,
                "reading_order": 10
            },
            {
                "page": 74,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 326.16,
                    "r": 188.1221,
                    "b": 310.08
                },
                "text": "Climate related risks",
                "reading_order": 11,
                "level": 6
            },
            {
                "page": 74,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 300.72,
                    "r": 555.488,
                    "b": 234
                },
                "text": "Scottish Enterprise considers climate related risks as part of its overall risk management arrangements. Where identified, these are recorded within the relevant risk register(s) and are assessed and managed in line with the Risk Management Policy, including evaluation of their likelihood and potential impact.",
                "reading_order": 12
            },
            {
                "page": 74,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
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                    "r": 547.0897,
                    "b": 87.36
                },
                "text": "'Climate and Sustainability' is one of Scottish Enterprise's ten risk categories which reflect our principal sources of risk. The Board has set an 'open' risk appetite for climate-related risks, recognising the need for Scottish Enterprise to make a significant, sustainable contribution to addressing the climate emergency. In this context, the Board is willing to take considered risks on unique and innovative approaches that will help to address the significant challenge of climate change. However, the Board has no appetite for any risks that may create a long-term environmental damage or which may exacerbate climate impacts.",
                "reading_order": 13
            }
        ]
    },
    {
        "page": 75,
        "items": [
            {
                "page": 75,
                "type": "TEXT",
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                "text": "75",
                "reading_order": 0
            },
            {
                "page": 75,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
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                    "r": 554.0483,
                    "b": 643.68
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                "text": "In addition to the five principal risks outlined above, Scottish Enterprise also recognises a strategic, corporate risk around the slowing pace of the energy transition and our ability to catalyse net zero/energy transition opportunities as part of our Accelerating the Energy Transition mission while also successfully delivering our net zero targets. This risk is owned by a member of Scottish Enterprise's Executive Leadership Team, is monitored through the regular review of the Corporate Risk Register and is mitigated through actions including:",
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            },
            {
                "page": 75,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 636.48,
                    "r": 546.3699,
                    "b": 605.52
                },
                "text": "Defined priorities, roadmap, milestones and objectives for our Accelerating the Energy Transition mission.",
                "marker": "•",
                "list_id": "L36",
                "level": 0,
                "reading_order": 2
            },
            {
                "page": 75,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
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                    "r": 549.7292,
                    "b": 570.96
                },
                "text": "Regular monitoring and reporting of progress on mission delivery and reductions in our emissions.",
                "marker": "•",
                "list_id": "L36",
                "level": 0,
                "reading_order": 3
            },
            {
                "page": 75,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
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                    "b": 535.92
                },
                "text": "Ungoing engagement with the Scottish Government on relevant sector policies and priorities.",
                "marker": "•",
                "list_id": "L36",
                "level": 0,
                "reading_order": 4
            },
            {
                "page": 75,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 532.32,
                    "r": 486.6219,
                    "b": 518.16
                },
                "text": "Delivery of the commitments set out in Scottish Enterprise's Net Zero Plan.",
                "marker": "•",
                "list_id": "L36",
                "level": 0,
                "reading_order": 5
            },
            {
                "page": 75,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.3521,
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                },
                "text": "Alignment of missions to realise net zero market opportunities and embedding net zero across mission delivery.",
                "marker": "•",
                "list_id": "L36",
                "level": 0,
                "reading_order": 6
            },
            {
                "page": 75,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
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                    "r": 414.3965,
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                },
                "text": "Building climate literacy and capability across the organisation.",
                "marker": "•",
                "list_id": "L36",
                "level": 0,
                "reading_order": 7
            },
            {
                "page": 75,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
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                    "r": 537.9716,
                    "b": 401.04
                },
                "text": "Reflecting our increasing ambitions and enhanced climate reporting requirements, a key objective in Scottish Enterprise's 2025-26 Net Zero Plan is the completion of a strategic climate change risk assessment, aligned with Adaptation Scotland guidance.",
                "reading_order": 8
            },
            {
                "page": 75,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
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                    "r": 537.7316,
                    "b": 338.4
                },
                "text": "A short-life, cross-organisational working group undertook this detailed assessment and identified a range of climate-related risks and opportunities across various themes, including financial, people, property and health and safety and economic development.",
                "reading_order": 9
            },
            {
                "page": 75,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 326.16,
                    "r": 541.0909,
                    "b": 258.96
                },
                "text": "This strengthened understanding of climate risks for Scottish Enterprise's operations will inform the development of a corporate adaptation plan during 2026-27. The plan will contribute to strengthening our resilience, reducing vulnerabilities and capitalising on opportunities arising from the current and anticipated impacts of climate change.",
                "reading_order": 10
            },
            {
                "page": 75,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
                    "t": 243.6,
                    "r": 135.8126,
                    "b": 226.32
                },
                "text": "Assurance",
                "reading_order": 11,
                "level": 6
            },
            {
                "page": 75,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 208.32,
                    "r": 413.6766,
                    "b": 192.48
                },
                "text": "Role of Scottish Enterprise Audit and Risk Committee",
                "reading_order": 12,
                "level": 6
            },
            {
                "page": 75,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 186.24,
                    "r": 552.1287,
                    "b": 153.6
                },
                "text": "The Audit and Risk Committee supports the Board in fulfilling its responsibilities in relation to risk management, control, governance and associated assurance.",
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            },
            {
                "page": 75,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 140.64,
                    "r": 551.6488,
                    "b": 73.68
                },
                "text": "The Audit and Risk Committee seeks assurances from a range of sources, principally from management, internal audit and external audit. These sources of assurance provide insight into the effectiveness of risk management, governance and internal control arrangements, highlighting areas of strength and those requiring further attention or improvement.",
                "reading_order": 14
            }
        ]
    },
    {
        "page": 76,
        "items": [
            {
                "page": 76,
                "type": "TEXT",
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                "text": "76",
                "reading_order": 0
            },
            {
                "page": 76,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 744.72,
                    "r": 541.5708,
                    "b": 694.56
                },
                "text": "The Audit and Risk Committee scrutinises and challenges the assurances that it receives and, based on this work, provides its opinion on their comprehensiveness, reliability and integrity through an annual report which is considered by the Board.",
                "reading_order": 1
            },
            {
                "page": 76,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                    "r": 545.65,
                    "b": 615.12
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                "text": "During 2025-26, the Audit and Risk Committee has received management assurances on SE's risk, governance and control arrangements through a programme of deep dives on our most significant corporate risks as well as from updates on fraud and whistleblowing arrangements, best value and equity valuations.",
                "reading_order": 2
            },
            {
                "page": 76,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
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                "text": "Management Assurance Statements",
                "reading_order": 3,
                "level": 6
            },
            {
                "page": 76,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                    "r": 553.5684,
                    "b": 496.32
                },
                "text": "Scottish Enterprise's Accountable Officer is required to provide a Certificate of Assurance to the Scottish Government on an annual basis, in accordance with the  Certificates of Assurance section of the Scottish Public Finance Manual. To enable the signing of this statement, the Accountable Officer requires assurances on the maintenance and review of internal control systems throughout the organisation.",
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                    {
                        "uri": "https://www.gov.scot/publications/scottish-public-finance-manual/certificates-of-assurance/certificates-of-assurance/",
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                    },
                    {
                        "uri": "https://www.gov.scot/publications/scottish-public-finance-manual/certificates-of-assurance/certificates-of-assurance/",
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                ],
                "reading_order": 4
            },
            {
                "page": 76,
                "type": "TEXT",
                "location": {
                    "l": 38.3923,
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                    "r": 551.4089,
                    "b": 332.4
                },
                "text": "All Scottish Enterprise Executive Leadership Team members and directors of our major trading subsidiaries are required to sign a Certificate of Assurance for their areas of responsibility and accountability. To assist with this, they are required to evidence their internal control arrangements through the completion of an internal control checklist. This checklist covers aspects such as risk management, operational effectiveness, use of resources, compliance with applicable policies and procedures. To enhance assurances further in relation to information technology and related processes, EIS is also required to provide a Certificate of Assurance addressing these specific areas in relation to work undertaken for Scottish Enterprise.",
                "reading_order": 5
            },
            {
                "page": 76,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
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                    "r": 552.1287,
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                },
                "text": "The Certificate of Assurance for 2025-26 has now been completed and submitted to the Scottish Government in line with the established process. On the basis of the assurances received, the Accountable Officer confirmed that for the year ended 31 March 2026 and up to the authorised date of issue of the Annual Report and Accounts, no significant control weaknesses were identified and the governance arrangements and systems of internal control have been in place and have operated effectively.",
                "reading_order": 6
            },
            {
                "page": 76,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                    "r": 553.0885,
                    "b": 88.56
                },
                "text": "As part of this process, Scottish Enterprise has highlighted to the Scottish Government the complexity of the current budget/funding environment. Throughout 2025-26, Scottish Enterprise has managed a risk relating to overall financial sustainability. This reflects that budget allocations have not increased in line with inflation and constraints from current budgetary rules and arrangements to create significant uncertainty around the amount and timing of future funding. Scottish Enterprise is reducing costs where possible and seeking new and additional sources of capital to create a sustainable model.",
                "reading_order": 7
            }
        ]
    },
    {
        "page": 77,
        "items": [
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                "page": 77,
                "type": "TEXT",
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                "text": "77",
                "reading_order": 0
            },
            {
                "page": 77,
                "type": "TITLE",
                "location": {
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                "text": "Internal Audit",
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                "text": "The Internal Audit Partnership provides independent assurance on the adequacy and effectiveness of Scottish Enterprise's framework of governance, risk management, and internal control. This Internal Audit opinion is based on internal audit activity conducted during the period, as well as being informed by meetings with senior management, observations at governance for a, and the Head of Audit's wider understanding of the control environment. Overall, sufficient assurance work has been carried out, in accordance with the Global Internal Audit Standards, to enable a reasonable conclusion to be formed on the adequacy and effectiveness of the internal control environment.",
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                "text": "The Head of Audit is providing a ‘Moderate’ opinion on Scottish Enterprise for 2025-26. This opinion is based on reviews completed throughout the year, as well as consideration of other audit activity (for example, advisory work, real-time audits, and other assurance sources). Internal Audit reviewed areas aligned to strategic risk activity in the organisation as well as areas of core control, and the opinion reflects an overall assessment of these outputs.",
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                "text": "Sixteen reviews were completed in total, supplemented by five relating to our membership of the EIS shared IT service. Overall, the work did not highlight significant weaknesses material to SE's overall governance, risk management, and internal control environment.",
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                "text": "Recommendations have been agreed with management across all reviews to mitigate identified risks, with a follow-up process in place to ensure that internal audit recommendations are fully implemented. The status of agreed actions, including the high priority recommendations, has also been considered in reaching this opinion.",
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            {
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                "text": "In reaching the opinion, Internal Audit considered SE's organisational context and changing risk profile. The mission-based approach is now operating as business-as-usual and several of the reviews focused in detail on large projects to assess alignment with SE's strategic objectives and project delivery capability. With ongoing constraints on public sector finances, work by the organisation to maximise impact has been reflected in audits of the new People Strategy, the project prioritisation pipeline, and digital project management.",
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            },
            {
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                "text": "This will continue into 2026-27, where the Internal Audit Plan includes reviews of Ambition 28, workforce planning, and the recent Customer Engagement strategy.",
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            {
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                "text": "Internal Audit's work in 2025-26 has also demonstrated the flexibility of the risk-based Internal Audit Plan to respond to in-year developments. Most notably, Internal Audit's real-time advisory work on SE's programme of intervention at Grangemouth and the review of human rights due diligence in the defence sector have allowed Internal Audit to give timely advice and insight to emerging risks.",
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            {
                "page": 78,
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                "text": "Following receipt of the highest available award level from the External Quality Assessment in 2024 conducted by the Institute of Internal Auditors, the Internal Audit team has continued to regularly self-assess and implement continuous improvement activities that enable a response to developments in the public sector internal audit landscape. Areas of focus continue to be increased use of data analytics and a more mature consideration of wider assurance sources in audit planning and delivery.",
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                "text": "Updated Global Internal Audit Standards came into effect in January 2025 with a framework for the application of the standards in the UK Public Sector effective from 1 April 2025. Additionally, the Institute of Internal Auditors has developed a series of Topical Requirements which must be considered during audit work. The first on cybersecurity is effective from February 2026, with upcoming requirements on the auditing of third parties and organisational behaviour effective later in 2026.",
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                "text": "The overall opinion for 2025-26 has also considered the outputs of assurance reviews conducted by specialist third-party IT audit specialists. These reviews covered Data Governance, the EIS Cloud/Digital Strategy, Resilience and Disaster Recovery, and Third-Party Risk Management. The contract for Internal Audit's IT audit specialists has recently been renewed for three years following a competitive procurement exercise involving all affected partner organisations. Internal Audit will continue to work with EIS to strengthen how assurance is provided across the partnership.",
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                "text": "The Internal Audit Partnership continues to provide Internal Audit services for Scottish Enterprise, Skills Development Scotland, the Scottish Funding Council, South of Scotland Enterprise and Clyde Gateway, with Scottish Enterprise taking the lead in delivering services across each organisation. In 2025-26, Internal Audit shared a paper with the Audit and Risk Committees of each partner organisation which included thematic insights from reviews of Risk Management conducted at four of the partner bodies. A similar paper on good practice from our 2025-26 reviews of Counter Fraud Arrangements will also be shared.",
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                "text": "The Auditor General for Scotland is responsible for auditing the Scottish Enterprise consolidated accounts. Under the Public Finance and Accountability (Scotland) Act 2000, the Auditor General for Scotland has appointed Audit Scotland to undertake the statutory audit of Scottish Enterprise for a period of five years starting with the year to 31 March 2023.",
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                "text": "During 2025-26, Audit Scotland reviewed Scottish Enterprise's control environment and concluded that there were no significant issues that required to be reported.",
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                "text": "Scottish Enterprise subsidiary companies are subject to external audit by Thomson Cooper Limited.",
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                "text": "Remuneration and Staff Report",
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                "text": "This report explains the remuneration policy of Scottish Enterprise for Board Members and for the Executive Leadership Team and provides details of members' remuneration for the year ended 31 March 2026.",
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                "text": "Scottish Enterprise Board",
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                "text": "Scottish Enterprise Board members, except for the Chief Executive, are appointed by the Scottish Ministers for a fixed period, normally three years. These non-executive members do not have contracts of service with Scottish Enterprise. The Scottish Government sets the level of remuneration for the Chair and informs Scottish Enterprise on an annual basis of any increase to be awarded.",
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                "text": "The members of the Board are appointed by the Scottish Ministers from a variety of backgrounds based on their knowledge and experience gained in both the public and private sectors in industry, commerce and academic fields. Board members are paid a basic fee, and their total remuneration is set after consideration of additional responsibility arising from holding the position of chair on the board committees. Board members are eligible to receive a travel allowance to attend meetings, which is taxable. Remuneration is set by the Scottish Government and is reviewed annually and may be amended if the level of responsibility and time commitment changes during the year.",
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                "text": "(the information from this section to the end of ‘Exit Packages and Settlement Agreements’ section on page 88 has been subject to audit).",
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                "text": "Remuneration paid to the Chair and other non-executive board members who served during the year to 31 March 2026 was:",
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                "text": "The remuneration ratio of SE’s employees is based on the annualised full time equivalent salary (including any applicable allowances) of employees as at 31 March 2026. All ratios are the same as the prior year.",
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                "text": "The percentage change from the previous financial year for the highest paid director (CEO) was 4% (2024/25: 3%). This uplift was for the 2025/26 pay award.",
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                "text": "The average percentage change from the previous financial year for employees of SE as a whole was 5.9% (2024/25: 4.3%). The average change reflects more than the annual pay award as it includes all pay increases, for example: annual pay award (4% cost of living award in 2025/26), promotional increases (which may be one or more grades higher), temporary promotions or grade adjustments. Over the last year we've had significantly more internal promotions than new starts. Promotional pay increases are set within our pay guidelines and typically involve a move to the minimum of the promoted grade's salary band which may raise the average % change.",
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                "text": "Our annual pay award must meet the requirements of Scottish Government's public sector pay policy which sets the overarching principles for pay for public bodies. SE, in line with many other public sector partners including Scottish Government, used the flexibility pay policy offered for a multi-year deal with year one in 2025/26.",
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                "text": "The median remuneration ratio trend over the last five years has been initially downwards following a small rise in 2021/22 when a new CEO was appointed and since then, largely static. The ratio was 3.631 in 2021/22 and is 3.401 in 2025/26, which is unchanged from the prior year.",
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                "text": "As well as employees, the data set also includes a small number of contractors and agency staff. Compared to last year, there are fewer contractors and agency staff. These salaries are typically higher than employee salaries.",
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                "text": "We believe the pay ratio information is reflective overall of our pay, rewards and progression policy for employees. As noted above, the data set includes salaries which are not on our pay structure but further checks on the data do not indicate any impact.",
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                "text": "The full-time equivalent remuneration paid to SE staff in 2025/26, including contractors and agency staff, ranged from £27,118 - £199,840 (2024/25: £26,075 - £192,154).",
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                "text": "The costs of Non-executive board members, including the Chair, comprise:",
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                                "html_text": "9,734",
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                                "text": "9,609",
                                "html_text": "9,609",
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                                "text": "Total non-executive board members",
                                "html_text": "Total non-executive board members",
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                                "text": "210,139",
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                "text": "Staff costs comprise:",
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                                "html_text": "£000",
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                "text": "Scottish Enterprise achieved our main financial objective for the year which is to ensure that the financial outturn for the year is within the budget allocated by the Scottish Ministers. Our net under spend against its allocated budget for the year to 31 March 2026 was £3.9m.",
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                "text": "£1.8m of the underspend relates to the Capital and Financial Transactions elements of the budget with the remaining £2.1m of the underspend relating to the Resource element of the budget. This is considered a strong financial performance given the volatility in the underlying projects being delivered.",
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                                "colspan": 1,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "142,114",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "144,227",
                                "html_text": "144,227",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "html_text": "(2,113)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "Capital (ii)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
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                                    588.32,
                                    214.2768,
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                                ],
                                "text": "115,645",
                                "html_text": "115,645",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
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                                    588.32,
                                    300.4194,
                                    616.56
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                                "text": "(21,826)",
                                "html_text": "(21,826)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    386.5621,
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                                "html_text": "93,819",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "95,599",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "(1,780)",
                                "html_text": "(1,780)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "colspan": 1,
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                                "row_header": true,
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                            },
                            {
                                "location": [
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                                    560.08,
                                    214.2768,
                                    588.32
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                                "text": "20,167",
                                "html_text": "20,167",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    560.08,
                                    300.4194,
                                    588.32
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                                "text": "(9,913)",
                                "html_text": "(9,913)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    560.08,
                                    386.5621,
                                    588.32
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                                "text": "10,254",
                                "html_text": "10,254",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    560.08,
                                    472.7047,
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                                "text": "10,260",
                                "html_text": "10,260",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
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                                    558.8474,
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                                "html_text": "(6)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
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                                    531.84,
                                    214.2768,
                                    560.08
                                ],
                                "text": "309,773",
                                "html_text": "309,773",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    531.84,
                                    300.4194,
                                    560.08
                                ],
                                "text": "(63,586)",
                                "html_text": "(63,586)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
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                                    531.84,
                                    386.5621,
                                    560.08
                                ],
                                "text": "246,187",
                                "html_text": "246,187",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
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                                    531.84,
                                    472.7047,
                                    560.08
                                ],
                                "text": "250,086",
                                "html_text": "250,086",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
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                                    531.84,
                                    558.8474,
                                    560.08
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                                "text": "(3,899)",
                                "html_text": "(3,899)",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                        "row_index": 6,
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                                "location": [
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                                    503.6,
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                                "text": "Non-cash costs including depreciation",
                                "html_text": "Non-cash costs including depreciation",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
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                            },
                            {
                                "location": [
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                                    503.6,
                                    214.2768,
                                    531.84
                                ],
                                "text": "8,065",
                                "html_text": "8,065",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
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                                    300.4194,
                                    531.84
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "text": "142,114",
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                "text": "Scottish Enterprise manages the Energy Investment Fund for the Scottish Government. We required £2.6m of new funding in the year, £0.6m of new Capital funding and £2m of new Financial Transactions funding to cover new investments resulting from capitalised interest during the year, less repayments of £0.1m as a result of returns from investments for which the original cost was met from Financial Transactions.",
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                "text": "In accordance with the governance letter any income generated is repayable to Scottish Government to the extent that it is not required to meet administration costs. The excess income column in the outturn table below represents the £5m repayment that was due to Scottish Government in respect of excess capital and resource income receipts for the year to March 2026. A net payment of £2.5m was made to Scottish Government in April 2026. The 2025-26 outturn for this fund was:",
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                                "html_text": "Fiscal Capital",
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                                "html_text": "575",
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                                "html_text": "2,037",
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                                "html_text": "575",
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                                "html_text": "Financial Transactions",
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                                "text": "Ubiquigent Ltd was a life science company, operating as a contract research organisation. The company was unable to raise further investment and initiated a voluntary strike-off process and was dissolved in January 2026.",
                                "html_text": "Ubiquigent Ltd was a life science company, operating as a contract research organisation. The company was unable to raise further investment and initiated a voluntary strike-off process and was dissolved in January 2026.",
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                                "text": "Vericall Limited",
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                                "text": "Scottish Enterprise supported Vericall Limited through a RSA grant to establish a call centre in Kirkcaldy offering Directory Enquiry and customer support services. The grant was to be used on project assets and creation of jobs. Before the end of the grant monitoring period, Vericall Limited went in to liquidation with the liquidator confirming there was no prospect of a dividend to Scottish Enterprise.",
                                "html_text": "Scottish Enterprise supported Vericall Limited through a RSA grant to establish a call centre in Kirkcaldy offering Directory Enquiry and customer support services. The grant was to be used on project assets and creation of jobs. Before the end of the grant monitoring period, Vericall Limited went in to liquidation with the liquidator confirming there was no prospect of a dividend to Scottish Enterprise.",
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                "page": 99,
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                "location": {
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                "text": "Gifts",
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                "page": 99,
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                "text": "The Scottish Public Finance Manual requires gifts to be reported in notes to the accounts and individual gifts of more than £250,000 to be noted separately. Scottish Enterprise has nothing to report for the year ended 31 March 2026 in respect of gifts (2024/25: None).",
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                "text": "Fees and charges",
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                "page": 99,
                "type": "TEXT",
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                "text": "As required in the Fees and Charges guidance in the Scottish Public Finance Manual, Scottish Enterprise charges market rates whenever applicable.",
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            {
                "page": 99,
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                "text": "Remote contingent liabilities",
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            {
                "page": 99,
                "type": "TEXT",
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                "text": "Contingent liabilities that meet the disclosure requirements in IAS37 Provisions and Contingent Liabilities are included in Note 22 of the Notes to the Accounts. In addition, due to the complex nature of the business activities and extensive portfolio of assets of Scottish Enterprise, there are contingent liabilities for which IAS37 does not require disclosure because Scottish Enterprise considers the probability of any requirement to meet any future liabilities to be remote.",
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                "text": "Adrian Gillespie\nAccountable Officer\n26 June 2026",
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                        "text": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
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                "text": "Auditor’s Report",
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                        "text": "Reporting on the audit of the financial statements",
                        "title": "Reporting on the audit of the financial statements",
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                        "text": "Reporting on regularity of expenditure and income",
                        "title": "Reporting on regularity of expenditure and income",
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                        "text": "Reporting on other requirements",
                        "title": "Reporting on other requirements",
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                        "text": "Use of my report",
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        "page": 101,
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                "page": 101,
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                "text": "101",
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                "text": "Reporting on the audit of the financial statements",
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                "text": "Opinion on financial statements",
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                "text": "I have audited the financial statements in the annual report and accounts of Scottish Enterprise and its group for the year ended 31 March 2026 under the Enterprise and New Towns (Scotland) Act 1990. The financial statements comprise the Group Statement of Comprehensive Net Expenditure, Scottish Enterprise Statement of Comprehensive Net Expenditure, Group Statement of Financial Position, Scottish Enterprise Statement of Financial Position, Group Statement of Cash Flows, Scottish Enterprise Statement of Cash Flows, Group Statement of Changes in Taxpayers' Equity, Scottish Enterprise Statement of Changes in Taxpayers' Equity and notes to the financial statements, including material accounting policy information. The financial reporting framework that has been applied in their preparation is applicable law and UK adopted international accounting standards, as interpreted and adapted by the 2025/26 Government Financial Reporting Manual (the 2025/26 FReM).",
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                "page": 101,
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                "text": "In my opinion the accompanying financial statements:",
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            {
                "page": 101,
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                "text": "Give a true and fair view of the state of the affairs of the body and its group as at 31 March 2026 and of its net expenditure for the year then ended;",
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                "location": {
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                "text": "Have been properly prepared in accordance with UK adopted international accounting standards, as interpreted and adapted by the 2025/26 FReM; and",
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                "reading_order": 6
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                "text": "Have been prepared in accordance with the requirements of the Enterprise and New Towns (Scotland) Act 1990 and directions made thereunder by the Scottish Ministers.",
                "marker": "•",
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                "level": 0,
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                "page": 101,
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                "text": "Basis for opinion",
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                "page": 101,
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                "location": {
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                "text": "I conducted my audit in accordance with applicable law and International Standards on Auditing (UK) (ISAs (UK)), as required by the Code of Audit Practice approved by the Auditor General for Scotland. My responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of my report. I was appointed by the Auditor General on 3 April 2023. My period of appointment is five years, covering 2022/23 to 2026/27. Including a previous appointment, the period of total uninterrupted appointment will be six years. I am independent of the body and its group in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK including the Financial Reporting Council's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. Non-audit services prohibited by the Ethical Standard were not provided to the body.",
                "links": [
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    {
        "page": 102,
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                "page": 102,
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                "text": "102",
                "reading_order": 0
            },
            {
                "page": 102,
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                "location": {
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                "text": "believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.",
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            {
                "page": 102,
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                "location": {
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                "text": "Conclusions relating to going concern basis of accounting",
                "reading_order": 2,
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            },
            {
                "page": 102,
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                "location": {
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                "text": "I have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate.",
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            },
            {
                "page": 102,
                "type": "TEXT",
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                "text": "Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the ability of the body and its group to continue to adopt the going concern basis of accounting for a period of at least twelve months from when the financial statements are authorised for issue.",
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            {
                "page": 102,
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                "text": "These conclusions are not intended to, nor do they, provide assurance on the current or future financial sustainability of the body and its group. However, I report on the body's arrangements for financial sustainability in a separate Annual Audit Report available from the  Audit Scotland website.",
                "links": [
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                "location": {
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                "text": "Risks of material misstatement",
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            {
                "page": 102,
                "type": "TEXT",
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                "text": "I report in my Annual Audit Report the most significant assessed risks of material misstatement that I identified and my judgements thereon.",
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                "text": "Responsibilities of the Accountable Officer\nfor the financial statements",
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                "page": 102,
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                "text": "As explained more fully in the Statement of Accountable Officer's Responsibilities, the Accountable Officer is responsible for the preparation of financial statements that give a true and fair view in accordance with the financial reporting framework, and for such internal control as the Accountable Officer determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.",
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                "text": "In preparing the financial statements, the Accountable Officer is responsible for assessing the ability of the body and its group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless there is an intention to discontinue the body's operations.",
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                "page": 103,
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                "text": "103",
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            {
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                "text": "My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the decisions of users taken on the basis of these financial statements.",
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            {
                "page": 103,
                "type": "TEXT",
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                "text": "Irregularities, including fraud, are instances of non-compliance with laws and regulations. I design procedures in line with my responsibilities outlined above to detect material misstatements in respect of irregularities, including fraud. Procedures include:",
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            {
                "page": 103,
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                "text": "Using my understanding of the central government sector to identify that the Enterprise and New Towns (Scotland) Act 1990 and directions made thereunder by the Scottish Ministers are significant in the context of the body and its group;",
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            {
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                "text": "Inquiring of the Accountable Officer as to other laws or regulations that may be expected to have a fundamental effect on the operations of the body and its group;",
                "marker": "•",
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            {
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                "text": "Inquiring of the Accountable Officer concerning the body's policies and procedures regarding compliance with the applicable legal and regulatory framework;",
                "marker": "•",
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                "level": 0,
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            },
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                "text": "Discussions among my audit team on the susceptibility of the financial statements to material misstatement, including how fraud might occur; and",
                "marker": "•",
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            {
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                "text": "Considering whether the audit team collectively has the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations.",
                "marker": "•",
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                "text": "The extent to which my procedures are capable of detecting irregularities, including fraud, is affected by the inherent difficulty in detecting irregularities, the effectiveness of the body's controls, and the nature, timing and extent of the audit procedures performed.",
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                "type": "TEXT",
                "location": {
                    "l": 39.1121,
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                    "r": 553.3285,
                    "b": 112.32
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                "text": "Irregularities that result from fraud are inherently more difficult to detect than irregularities that result from error as fraud may involve collusion, intentional omissions, misrepresentations, or the override of internal control. The capability of the audit to detect fraud and other irregularities depends on factors such as the skilfulness of the perpetrator, the frequency and extent of manipulation, the degree of collusion involved, the relative size of individual amounts manipulated, and the seniority of those individuals involved.",
                "reading_order": 10
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            {
                "page": 103,
                "type": "TEXT",
                "location": {
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                "text": "A further description of the auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of my auditor's report.",
                "links": [
                    {
                        "uri": "https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditors-responsibilities-for-the-audit/",
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        "page": 104,
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                "page": 104,
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                "page": 104,
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                "text": "Reporting on regularity of expenditure and income",
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                "text": "Opinion on regularity",
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                "page": 104,
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                "text": "In my opinion in all material respects the expenditure and income in the financial statements were incurred or applied in accordance with any applicable enactments and guidance issued by the Scottish Ministers.",
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                "page": 104,
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                "text": "Responsibilities for regularity",
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                "page": 104,
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                "text": "The Accountable Officer is responsible for ensuring the regularity of expenditure and income. In addition to my responsibilities in respect of irregularities explained in the audit of the financial statements section of my report, I am responsible for expressing an opinion on the regularity of expenditure and income in accordance with the Public Finance and Accountability (Scotland) Act 2000.",
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                "page": 104,
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                "text": "Reporting on other requirements",
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                "page": 104,
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                "text": "Opinion prescribed by the Auditor General for Scotland on audited parts of the Remuneration and Staff Report",
                "reading_order": 7,
                "level": 2
            },
            {
                "page": 104,
                "type": "TEXT",
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                "text": "I have audited the parts of the Remuneration and Staff Report described as audited. In my opinion, the audited parts of the Remuneration and Staff Report have been properly prepared in accordance with the Enterprise and New Towns (Scotland) Act 1990 and directions made thereunder by the Scottish Ministers.",
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                "text": "Other information",
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                "page": 104,
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                "text": "The Accountable Officer is responsible for the other information in the annual report and accounts. The other information comprises the Performance Report and the Accountability Report excluding the audited parts of the Remuneration and Staff Report.",
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            {
                "page": 104,
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                "text": "My responsibility is to read all the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If I identify such material inconsistencies or apparent material misstatements, I am required",
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                "text": "to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard.",
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                "text": "The information given in the Performance Report for the financial year for which the financial statements are prepared is consistent with the financial statements and that report has been prepared in accordance with the Enterprise and New Towns (Scotland) Act 1990 and directions made thereunder by the Scottish Ministers; and",
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                "text": "The information given in the Governance Statement for the financial year for which the financial statements are prepared is consistent with the financial statements and that report has been prepared in accordance with the Enterprise and New Towns (Scotland) Act 1990 and directions made thereunder by the Scottish Ministers.",
                "marker": "•",
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                "text": "Matters on which I am required to report by exception",
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                "text": "I am required by the Auditor General for Scotland to report to you if, in my opinion:",
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                "text": "Adequate accounting records have not been kept; or",
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                "text": "I he financial statements and the audited parts of the Remuneration and Staff Report are not in agreement with the accounting records; or",
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                "text": "I have not received all the information and explanations I require for my audit.",
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                "text": "I have nothing to report in respect of these matters.",
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                "text": "In addition to my responsibilities for the annual report and financial statements, my conclusions on the wider scope responsibilities specified in the Code of Audit Practice are set out in my Annual Audit Report.",
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                "text": "This report is made solely to the parties to whom it is addressed in accordance with the Public Finance and Accountability (Scotland) Act 2000 and for no other purpose. In accordance with paragraph 108 of the Code of Audit Practice, I do not undertake to have responsibilities to members or officers, in their individual capacities, or to third parties.",
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                "text": "Pauline Gillen\nAudit Director",
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                        "text": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
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                "text": "<table><tr><td></td><td></td><td>2026</td><td>2025</td></tr><tr><td></td><td>Notes</td><td>£000</td><td>£000</td></tr><tr><td>Expenditure</td><td></td><td></td><td></td></tr><tr><td>Operating expenditure</td><td>1,3</td><td>241,654</td><td>175,172</td></tr><tr><td>Net management expenditure on staff costs</td><td>3</td><td>93,629</td><td>92,718</td></tr><tr><td>Other management expenditure</td><td>3</td><td>15,145</td><td>20,751</td></tr><tr><td></td><td></td><td>350,428</td><td>288,641</td></tr><tr><td>Income</td><td></td><td></td><td></td></tr><tr><td>Income from activities</td><td>2</td><td>(12,676)</td><td>(7,946)</td></tr><tr><td>Other income</td><td>2</td><td>(18,018)</td><td>(21,065)</td></tr><tr><td></td><td></td><td>(30,694)</td><td>(29,011)</td></tr><tr><td>Net Operating Expenditure</td><td></td><td>319,734</td><td>259,630</td></tr><tr><td>Share of losses in equity accounted investees</td><td>8</td><td>-</td><td>286</td></tr><tr><td>Income from investments</td><td>2</td><td>(141)</td><td>(471)</td></tr><tr><td>Interest receivable</td><td>2</td><td>(13,497)</td><td>(10,345)</td></tr><tr><td>Other finance charge</td><td>1</td><td>166</td><td>1,847</td></tr><tr><td>Net Expenditure after interest</td><td></td><td>306,262</td><td>250,947</td></tr><tr><td>Taxation</td><td>4</td><td>1,669</td><td>1,081</td></tr><tr><td>Net expenditure after taxation</td><td></td><td>307,931</td><td>252,028</td></tr><tr><td>Other Comprehensive Net Expenditure</td><td></td><td></td><td></td></tr><tr><td>Items that will not be classified to net expenditure:</td><td></td><td></td><td></td></tr><tr><td>Net (gains) / losses on revaluation of property, plant and equipment</td><td></td><td>(3,700)</td><td>(3,709)</td></tr><tr><td>Net remeasurement (gains) / losses recognised in retirement benefit scheme</td><td></td><td>(19,563)</td><td>(40,849)</td></tr><tr><td>Total Comprehensive Net Expenditure for the year</td><td></td><td>284,668</td><td>207,470</td></tr><tr><td>Attributable to:</td><td></td><td></td><td></td></tr><tr><td>Taxpayers&#x27; Equity</td><td></td><td>284,710</td><td>207,559</td></tr><tr><td>Non-Controlling Interest</td><td></td><td>(42)</td><td>(89)</td></tr><tr><td></td><td></td><td>284,668</td><td>207,470</td></tr></table>",
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                                "text": "(10,345)",
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                                "text": "306,262",
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                                "text": "250,947",
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                                "location": [
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                                "text": "(3,700)",
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                                "text": "(3,709)",
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                "text": "<table><tr><td></td><td>Notes</td><td>2026</td><td>2025</td></tr><tr><td>NON-CURRENT ASSETS</td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment</td><td>5</td><td>168,815</td><td>167,499</td></tr><tr><td>Right of use assets</td><td>6</td><td>4,463</td><td>2,008</td></tr><tr><td>Intangible assets</td><td>7</td><td>214</td><td>565</td></tr><tr><td></td><td></td><td>173,492</td><td>170,072</td></tr><tr><td>Financial assets</td><td></td><td></td><td></td></tr><tr><td>Investments in equity accounted investees</td><td>8</td><td>228</td><td>228</td></tr><tr><td>Other investments</td><td>9</td><td>381,864</td><td>451,889</td></tr><tr><td>Total financial assets</td><td></td><td>382,092</td><td>452,117</td></tr><tr><td>Retirement benefit scheme</td><td>11</td><td>11,349</td><td>-</td></tr><tr><td>Other non-current receivables</td><td>12</td><td>387</td><td>387</td></tr><tr><td>Lease receivables</td><td>13</td><td>-</td><td>52</td></tr><tr><td>TOTAL NON-CURRENT ASSETS</td><td></td><td>567,320</td><td>622,628</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>CURRENT ASSETS</td><td></td><td></td><td></td></tr><tr><td>Other investments</td><td>9</td><td>8,708</td><td>19,319</td></tr><tr><td>Lease receivables</td><td>13</td><td>52</td><td>151</td></tr><tr><td>Assets classified as held for sale</td><td>14</td><td>1,497</td><td>2,416</td></tr><tr><td>Inventories</td><td>15</td><td>108</td><td>123</td></tr><tr><td>Trade and other receivables</td><td>16</td><td>6,625</td><td>7,270</td></tr><tr><td>Cash and cash equivalents</td><td>17</td><td>175,645</td><td>170,160</td></tr><tr><td>TOTAL CURRENT ASSETS</td><td></td><td>192,635</td><td>199,439</td></tr><tr><td>TOTAL ASSETS</td><td></td><td>759,955</td><td>822,067</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>CURRENT LIABILITIES</td><td></td><td></td><td></td></tr><tr><td>Trade and other payables</td><td>18</td><td>(62,161)</td><td>(80,830)</td></tr><tr><td>Income tax payable</td><td></td><td>(887)</td><td>(629)</td></tr><tr><td>Provisions</td><td>19</td><td>(154)</td><td>(3,208)</td></tr><tr><td>Lease liabilities</td><td>20</td><td>(1,238)</td><td>(1,826)</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>TOTAL CURRENT LIABILITIES</td><td></td><td>(64,440)</td><td>(86,493)</td></tr><tr><td>NON-CURRENT ASSETS PLUS NET CURRENT ASSETS</td><td></td><td>695,515</td><td>735,574</td></tr></table>",
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                                "text": "565",
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                                "text": "228",
                                "html_text": "228",
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                                "text": "228",
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                                "text": "199,439",
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                                "text": "759,955",
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                                "text": "822,067",
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                                "text": "Revaluation Reserve",
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                                "text": "(78,241)",
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                                "text": "(887)",
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                                "colspan": 1,
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                                "text": "(629)",
                                "html_text": "(629)",
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                                "text": "(151)",
                                "html_text": "(151)",
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                                "text": "(3,205)",
                                "html_text": "(3,205)",
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                                "html_text": "Lease liabilities",
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                                "text": "20",
                                "html_text": "20",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    426.8739,
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                                "text": "(1,199)",
                                "html_text": "(1,199)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    305.3365
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                                "text": "(1,361)",
                                "html_text": "(1,361)",
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                                "rowspan": 1,
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                                "text": "(62,237)",
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                                "text": "(83,436)",
                                "html_text": "(83,436)",
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                                "text": "(220,007)",
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                                "text": "160",
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                                "html_text": "(1,289)",
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                                "text": "Intangible assets revaluation deficit",
                                "html_text": "Intangible assets revaluation deficit",
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                                "text": "Investment revaluation deficit",
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                            {
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                                "text": "108,030",
                                "html_text": "108,030",
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                                "column_header": false,
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                                "text": "40,190",
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                                "text": "Interest receivable",
                                "html_text": "Interest receivable",
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                                "column_header": false,
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                                "html_text": "2",
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                                "location": [
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                                "text": "(13,472)",
                                "html_text": "(13,472)",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "Interest on lease liabilities",
                                "html_text": "Interest on lease liabilities",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                                "location": [
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                                "text": "20",
                                "html_text": "20",
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                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "81",
                                "html_text": "81",
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                                "colspan": 1,
                                "column_header": false,
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                                    211.5574,
                                    507.9909
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                                "text": "Interest on lease receivables",
                                "html_text": "Interest on lease receivables",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                                "ref": "#/tables/0"
                            },
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                                "html_text": "13",
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                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    383.2827,
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                                    555.0081,
                                    507.9909
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                                "text": "(5)",
                                "html_text": "(5)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "Dividends receivable",
                                "html_text": "Dividends receivable",
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                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                "text": "2",
                                "html_text": "2",
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                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    555.0081,
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                                "text": "(92)",
                                "html_text": "(92)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    474.336
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                                "text": "Retirement benefit scheme net charges",
                                "html_text": "Retirement benefit scheme net charges",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                "text": "(36)",
                                "html_text": "(36)",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "5,592",
                                "html_text": "5,592",
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                                "text": "Surplus on disposal of property, plant and equipment",
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                                "rowspan": 1,
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                            {
                                "location": [
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                                "text": "2",
                                "html_text": "2",
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                                "colspan": 1,
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                            },
                            {
                                "location": [
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                                    555.0081,
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                                "text": "(1,190)",
                                "html_text": "(1,190)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    423.8537,
                                    211.5574,
                                    440.6811
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                                "text": "Surplus on disposal of investments and equity accounted investees",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    211.5574,
                                    423.8537,
                                    383.2827,
                                    440.6811
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                                "text": "2",
                                "html_text": "2",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    383.2827,
                                    423.8537,
                                    555.0081,
                                    440.6811
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                                "text": "(3,256)",
                                "html_text": "(3,256)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    211.5574,
                                    423.8537
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                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    407.0263,
                                    383.2827,
                                    423.8537
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                                "text": "(201,280)",
                                "html_text": "(201,280)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    383.2827,
                                    407.0263,
                                    555.0081,
                                    423.8537
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                                "text": "(205,749)",
                                "html_text": "(205,749)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    390.1989,
                                    211.5574,
                                    407.0263
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                                "text": "Decrease in trade and other receivables",
                                "html_text": "Decrease in trade and other receivables",
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                                "cell_header_index": 0,
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                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    383.2827,
                                    407.0263
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                                "text": "(184)",
                                "html_text": "(184)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "5,960",
                                "html_text": "5,960",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                        ],
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                                    373.3714,
                                    211.5574,
                                    390.1989
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                                "text": "Decrease in lease receivables",
                                "html_text": "Decrease in lease receivables",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
                                    211.5574,
                                    373.3714,
                                    383.2827,
                                    390.1989
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                                "text": "156",
                                "html_text": "156",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    383.2827,
                                    373.3714,
                                    555.0081,
                                    390.1989
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                                "text": "156",
                                "html_text": "156",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    211.5574,
                                    373.3714
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                                "text": "Decrease in trade payables",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                "text": "(6,320)",
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                                "html_text": "(8,480)",
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                                "text": "(68)",
                                "html_text": "(68)",
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                                "location": [
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                                "text": "(1,409)",
                                "html_text": "(1,409)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    322.8891,
                                    555.0081,
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                                "text": "(1,396)",
                                "html_text": "(1,396)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    383.2827,
                                    322.8891
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                                "text": "(211,081)",
                                "html_text": "(211,081)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    306.0617,
                                    555.0081,
                                    322.8891
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                                "text": "(209,577)",
                                "html_text": "(209,577)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    211.5574,
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                                "text": "Income tax expense",
                                "html_text": "Income tax expense",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
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                                    289.2343,
                                    383.2827,
                                    306.0617
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                                "text": "(1,411)",
                                "html_text": "(1,411)",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    289.2343,
                                    555.0081,
                                    306.0617
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                                "text": "(1,179)",
                                "html_text": "(1,179)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
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                                    383.2827,
                                    289.2343
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                                "text": "(212,492)",
                                "html_text": "(212,492)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    272.4069,
                                    555.0081,
                                    289.2343
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                                "text": "(210,756)",
                                "html_text": "(210,756)",
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                                "colspan": 1,
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                                "html_text": "",
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                                "html_text": "",
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                                "location": [
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                                    383.2827,
                                    255.5794
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                                "text": "2,538",
                                "html_text": "2,538",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "1,629",
                                "html_text": "1,629",
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                                "colspan": 1,
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                                "location": [
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                                "text": "19,035",
                                "html_text": "19,035",
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                                "location": [
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                                    383.2827,
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                                "text": "9,258",
                                "html_text": "9,258",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "11,039",
                                "html_text": "11,039",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "column_header": false,
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                                "text": "6,122",
                                "html_text": "6,122",
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                                "text": "7,111",
                                "html_text": "7,111",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "text": "Dividends received",
                                "html_text": "Dividends received",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "92",
                                "html_text": "92",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "421",
                                "html_text": "421",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    171.4423
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                                "text": "Purchase of property, plant and equipment",
                                "html_text": "Purchase of property, plant and equipment",
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                                "colspan": 1,
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                            {
                                "location": [
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                                    383.2827,
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                                "text": "(128)",
                                "html_text": "(128)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    555.0081,
                                    171.4423
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                                "text": "(1,636)",
                                "html_text": "(1,636)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Purchase of financial assets",
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                                "text": "(51,301)",
                                "html_text": "(51,301)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "(43,146)",
                                "html_text": "(43,146)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "3,700",
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                                "text": "Transfer between reserves",
                                "html_text": "Transfer between reserves",
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                                "html_text": "2,643",
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                                "column_header": false,
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                                    382.5629,
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                                "text": "(2,643)",
                                "html_text": "(2,643)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "-",
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                                "colspan": 1,
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                            {
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "(285,851)",
                                "html_text": "(285,851)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "84",
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                                "location": [
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                                    382.5629,
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                                "text": "1,057",
                                "html_text": "1,057",
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                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "42",
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                                "html_text": "(284,668)",
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                                "rowspan": 1,
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                                "text": "1,618",
                                "html_text": "1,618",
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                                "rowspan": 1,
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                                "html_text": "1,716",
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                                "text": "75,811",
                                "html_text": "75,811",
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                                "text": "469,604",
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                "text": "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.",
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                "text": "Revaluation Reserve is the cumulative unrealised balance arising on revaluation adjustments to assets. The Revaluation Reserve total of £76m (2025: £75m) is fully attributable to net unrealised surpluses on Land and Buildings.",
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                                "rowspan": 1,
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                                "html_text": "£000",
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                                "colspan": 1,
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                                    709.08,
                                    296.9401,
                                    727.98
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                    709.08,
                                    468.0256,
                                    727.98
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                                "html_text": "£000",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    553.5684,
                                    727.98
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                    382.4829,
                                    709.08
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                                "html_text": "72,390",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    468.0256,
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                                "html_text": "904",
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                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    690.18,
                                    553.5684,
                                    709.08
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                                "text": "496,758",
                                "html_text": "496,758",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "",
                                "links": [],
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                                "html_text": "",
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                                "colspan": 1,
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                                "html_text": "",
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                                "html_text": "",
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                                "colspan": 1,
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                            {
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                                "html_text": "",
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                                "rowspan": 1,
                                "colspan": 1,
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                            {
                                "location": [
                                    468.0256,
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                                    553.5684,
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "Net expenditure during the year",
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                                "location": [
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                                    652.38,
                                    211.3974,
                                    671.28
                                ],
                                "text": "(251,763)",
                                "html_text": "(251,763)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    652.38,
                                    296.9401,
                                    671.28
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                                "text": "(176)",
                                "html_text": "(176)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    296.9401,
                                    652.38,
                                    382.4829,
                                    671.28
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    382.4829,
                                    652.38,
                                    468.0256,
                                    671.28
                                ],
                                "text": "(89)",
                                "html_text": "(89)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    468.0256,
                                    652.38,
                                    553.5684,
                                    671.28
                                ],
                                "text": "(252,028)",
                                "html_text": "(252,028)",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "Remeasurement gains / (losses) in retirement benefit scheme",
                                "html_text": "Remeasurement gains / (losses) in retirement benefit scheme",
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                                "cell_header_index": 0,
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                                "location": [
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                                    633.48,
                                    211.3974,
                                    652.38
                                ],
                                "text": "40,849",
                                "html_text": "40,849",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    296.9401,
                                    652.38
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    468.0256,
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    553.5684,
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                                "text": "40,849",
                                "html_text": "40,849",
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                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Net gains / (losses) on revaluation of property, plant and equipment",
                                "html_text": "Net gains / (losses) on revaluation of property, plant and equipment",
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                            {
                                "location": [
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    296.9401,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    382.4829,
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                                "text": "3,709",
                                "html_text": "3,709",
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                            {
                                "location": [
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "3,709",
                                "html_text": "3,709",
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                                "rowspan": 1,
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                                "location": [
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                                    595.68,
                                    125.8546,
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                                "text": "Transfer between reserves",
                                "html_text": "Transfer between reserves",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    595.68,
                                    211.3974,
                                    614.58
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                                "text": "1,345",
                                "html_text": "1,345",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    296.9401,
                                    614.58
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    595.68,
                                    382.4829,
                                    614.58
                                ],
                                "text": "(1,345)",
                                "html_text": "(1,345)",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    382.4829,
                                    595.68,
                                    468.0256,
                                    614.58
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    468.0256,
                                    595.68,
                                    553.5684,
                                    614.58
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                        "ref": "#/tables/0"
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                    {
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                                    576.78,
                                    125.8546,
                                    595.68
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                                "text": "Total recognised income and expense for year to 31 March 2025",
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                                "rowspan": 1,
                                "colspan": 1,
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                            },
                            {
                                "location": [
                                    125.8546,
                                    576.78,
                                    211.3974,
                                    595.68
                                ],
                                "text": "(209,569)",
                                "html_text": "(209,569)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    211.3974,
                                    576.78,
                                    296.9401,
                                    595.68
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                                "text": "(176)",
                                "html_text": "(176)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    296.9401,
                                    576.78,
                                    382.4829,
                                    595.68
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                                "text": "2,364",
                                "html_text": "2,364",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    382.4829,
                                    576.78,
                                    468.0256,
                                    595.68
                                ],
                                "text": "(89)",
                                "html_text": "(89)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    576.78,
                                    553.5684,
                                    595.68
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                                "text": "(207,470)",
                                "html_text": "(207,470)",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    557.88,
                                    125.8546,
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    211.3974,
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "html_text": "",
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                                "location": [
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 3,
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                                "colspan": 1,
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 4,
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "£000",
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                                "column_header": false,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                "text": "443,549",
                                "html_text": "443,549",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "",
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                                "html_text": "",
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                                "html_text": "",
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                                "html_text": "",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    296.5802,
                                    625.92
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                                "text": "(302,060)",
                                "html_text": "(302,060)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    610.08,
                                    424.9544,
                                    625.92
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    424.9544,
                                    610.08,
                                    553.3285,
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                                "text": "(302,060)",
                                "html_text": "(302,060)",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "Remeasurement gains / (losses) in retirement benefits scheme",
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                                "text": "19,563",
                                "html_text": "19,563",
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                                "html_text": "-",
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                                "rowspan": 1,
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                                "column_header": false,
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                                "html_text": "19,563",
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                                "rowspan": 1,
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                                "text": "Net gains / (losses) on revaluation of property, plant and equipment",
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                            },
                            {
                                "location": [
                                    168.2061,
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                                    296.5802,
                                    594.24
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    296.5802,
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                                "text": "348",
                                "html_text": "348",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "348",
                                "html_text": "348",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    39.832,
                                    562.56,
                                    168.2061,
                                    578.4
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                                "text": "Transfer between reserves",
                                "html_text": "Transfer between reserves",
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                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    168.2061,
                                    562.56,
                                    296.5802,
                                    578.4
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                                "text": "176",
                                "html_text": "176",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    296.5802,
                                    562.56,
                                    424.9544,
                                    578.4
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                                "text": "(176)",
                                "html_text": "(176)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    553.3285,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    546.72,
                                    296.5802,
                                    562.56
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                                "text": "(282,321)",
                                "html_text": "(282,321)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    424.9544,
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                                "text": "172",
                                "html_text": "172",
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                            {
                                "location": [
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                                    546.72,
                                    553.3285,
                                    562.56
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                                "text": "(282,149)",
                                "html_text": "(282,149)",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    530.88,
                                    168.2061,
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                                "text": "",
                                "html_text": "",
                                "links": [],
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                            {
                                "location": [
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                                "html_text": "",
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                                "cell_header_index": 1,
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                                "location": [
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                                "html_text": "",
                                "links": [],
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                                "links": [],
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                                "location": [
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                                "text": "Grant in Aid from Scottish Government",
                                "html_text": "Grant in Aid from Scottish Government",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
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                                "row_header": true,
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                            {
                                "location": [
                                    168.2061,
                                    515.04,
                                    296.5802,
                                    530.88
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                                "text": "223,237",
                                "html_text": "223,237",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    296.5802,
                                    515.04,
                                    424.9544,
                                    530.88
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    553.3285,
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                                "text": "223,237",
                                "html_text": "223,237",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "Repayment of Financial Transactions funding waived",
                                "html_text": "Repayment of Financial Transactions funding waived",
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                                "rowspan": 1,
                                "colspan": 1,
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                            {
                                "location": [
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                                    499.2,
                                    296.5802,
                                    515.04
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                                "text": "13,937",
                                "html_text": "13,937",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    424.9544,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    424.9544,
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                                "text": "13,937",
                                "html_text": "13,937",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "Other grants from Scottish Government",
                                "html_text": "Other grants from Scottish Government",
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                                "html_text": "576",
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                                "colspan": 1,
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                                "text": "-",
                                "html_text": "-",
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "576",
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                                "colspan": 1,
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                                "text": "237,750",
                                "html_text": "237,750",
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                                "html_text": "237,750",
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                                    451.68,
                                    168.2061,
                                    467.52
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                                "html_text": "",
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                                "location": [
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                                    296.5802,
                                    467.52
                                ],
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    451.68,
                                    424.9544,
                                    467.52
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    553.3285,
                                    467.52
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Balance at 31 March 2026",
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                                "text": "385,478",
                                "html_text": "385,478",
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                                "text": "13,672",
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                                "text": "399,150",
                                "html_text": "399,150",
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                "text": "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.",
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                "text": "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.",
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                "text": "<table><tr><td>For the year ended 31 March 2025</td><td>General Reserve</td><td>Revaluation Reserve</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Balance at 31 March 2024</td><td>407,729</td><td>13,409</td><td>421,138</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Net expenditure during the year</td><td>(243,900)</td><td>-</td><td>(243,900)</td></tr><tr><td>Remeasurement gains / (losses) in retirement benefit scheme</td><td>40,849</td><td>-</td><td>40,849</td></tr><tr><td>Net gains / (losses) on revaluation of property, plant and equipment</td><td>-</td><td>312</td><td>312</td></tr><tr><td>Transfer between reserves</td><td>221</td><td>(221)</td><td>0</td></tr><tr><td>Total recognised income and expense for year to 31 March 2025</td><td>(202,830)</td><td>91</td><td>(202,739)</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Grant in Aid from Scottish Government</td><td>219,032</td><td>-</td><td>219,032</td></tr><tr><td>Repayment of Financial Transactions funding waived</td><td>5,473</td><td>-</td><td>5,473</td></tr><tr><td>Other grants from Scottish Government</td><td>645</td><td>-</td><td>645</td></tr><tr><td></td><td>225,150</td><td>-</td><td>225,150</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Balance at 31 March 2025</td><td>430,049</td><td>13,500</td><td>443,549</td></tr></table>",
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                                "text": "Total",
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                                "html_text": "",
                                "links": [],
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                                "colspan": 1,
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                                "html_text": "£000",
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                                "colspan": 1,
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                                "location": [
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                                    425.3143,
                                    730.425
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "",
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                                "column_header": false,
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                                    425.3143,
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                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "(243,900)",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "html_text": "Remeasurement gains / (losses) in retirement benefit scheme",
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                                "text": "40,849",
                                "html_text": "40,849",
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                                "colspan": 1,
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                        "title": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
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                "text": "Accounting Policies",
                "reading_order": 1,
                "level": 3
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                "type": "TABLE",
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                "text": "<table><tr><td>SECTION CONTENTS</td><td>PAGE</td></tr><tr><td>1 Basis of Preparation</td><td>123</td></tr><tr><td>2 Basis of Consolidation</td><td>124</td></tr><tr><td>3 Funding</td><td>125</td></tr><tr><td>4 Property, Plant and Equipment</td><td>126</td></tr><tr><td>5 Non-Current Assets Held for Sale</td><td>129</td></tr><tr><td>6 Financial Assets</td><td>129</td></tr><tr><td>7 Intangible Assets</td><td>132</td></tr><tr><td>8 Inventories</td><td>132</td></tr><tr><td>9 Income</td><td>133</td></tr><tr><td>10 European Funding</td><td>133</td></tr><tr><td>11 Dividend Income</td><td>133</td></tr><tr><td>12 Leasing</td><td>133</td></tr><tr><td>13 Expenditure</td><td>135</td></tr><tr><td>14 Taxation</td><td>135</td></tr><tr><td>15 Employee Benefits</td><td>136</td></tr><tr><td>16 Exchange Gains and Losses</td><td>137</td></tr><tr><td>17 Cash and Cash Equivalents</td><td>138</td></tr><tr><td>18 Financial Liabilities</td><td>138</td></tr><tr><td>19 Provisions</td><td>138</td></tr><tr><td>20 Contingent Liabilities</td><td>139</td></tr><tr><td>21 Critical Accounting Estimates and Judgements</td><td>139</td></tr><tr><td>22 Accounting Standards Issued not yet Adopted</td><td>142</td></tr></table>",
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                "text": "The Board and Accountable Officer have considered the Resource Budget for 2026-27, comprising the availability of Grant in Aid and ‘non-cash’ budget provision, and consider that Scottish Enterprise has adequate resources to continue in operational existence for",
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                "text": "the foreseeable future. The accounts are therefore prepared on a going concern basis. Further details of Scottish Enterprise's Resource Budget for 2026-27 are given in the Performance Report and the Accountability Report. Details of the liquidity position are given in Note 23.",
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                "text": "2. Basis of Consolidation",
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                "page": 124,
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                "text": "The Group Accounts consolidate the accounts of Scottish Enterprise and all its subsidiary undertakings drawn up to 31 March each year unless otherwise noted.",
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                "page": 124,
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                "text": "Subsidiaries",
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                "text": "Subsidiaries are all entities over which the Group has control over their financial and operating policies. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity.",
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                "text": "Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases.",
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                "text": "On consolidation, inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary and material to ensure consistency with the policies adopted by the Group.",
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                "page": 124,
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                "text": "Associates and jointly controlled entities",
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                "page": 124,
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                "text": "Associates are entities over which the Group has significant influence but not control. Companies whose business is compatible with the objectives of the Group, in which the holdings are intended to be retained as long-term investments and in which the Group has active management involvement are treated as associated undertakings.",
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                "page": 124,
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                "text": "Joint ventures are those entities over whose activities the Group has joint control of the arrangement and has rights to the net assets of the arrangement, established by contractual agreements and requiring unanimous consent for strategic financial and operational decisions.",
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                "text": "Investments in associates and joint ventures are accounted for using the equity method of accounting and are initially recognised at cost. Scottish Enterprise uses the most recent available financial statements in applying the equity method. In cases where the reporting date of the associate differs from Scottish Enterprise, adjustments are made for any",
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                "text": "125",
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                "page": 125,
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                "text": "significant transactions or events that occur between that date and the date of these financial statements.",
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            {
                "page": 125,
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                "text": "The Group’s investments include goodwill identified on acquisition, net of any accumulated impairment losses. The Group accounts include the Group’s share of the income and expenses, and equity movements of equity accounted investees, after adjustments to align the accounting policies of those of the Group, from the date that significant influence or joint control commences until the date that significant influence or joint control ceases.",
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                "page": 125,
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                "text": "When the Group's share of losses exceeds its interest in an equity accounted investee, the carrying amount of that interest, including any long-term investments, is reduced to nil, and the recognition of further losses is discontinued except to the extent that the Group has an obligation or has made payments on behalf of the investee.",
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                "page": 125,
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                "text": "Other",
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                "text": "In respect of other invested companies, Scottish Enterprise considers that in general, the role of the Group is normally that of a passive investor and that investment holdings taken will be disposed of at the earliest opportunity. Scottish Enterprise’s role is to provide funding, primarily alongside venture capital co-investment partners, to individual companies to drive economic growth in Scotland and therefore, although a holding may at any particular time be in excess of 20% of the equity, these companies are not accounted for as associated undertakings, in view of the absence of influence over their financial and operating policies.",
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                "text": "Scottish Enterprise receives Grant in Aid from the Scottish Ministers on an annual basis\ncoincident with the Group's financial year to finance its net operating costs. Grant in Aid is\ncredited to the General Reserve and the net cost of activities funded by Grant in Aid is\ncharged to this reserve.",
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                "text": "Scottish Enterprise also receives Financial Transactions funding from the Scottish Government for the specific purpose of financing equity investments and the provision of loans. Financial Transactions funding is repayable over variable periods and is recognised as a current or long-term liability in accordance with the estimated repayment terms of the underlying financial assets, initially at the time each tranche of funding is drawn down from the Scottish Government and then reviewed on an annual basis thereafter. For equity investments, where it is difficult to predict the timing of an exit, indicative repayments timescales are set as 10 years. As cashflows cannot be estimated reliably the Financial Transactions liability detailed in Note 18 has not been discounted.",
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                "text": "4. Property, Plant and Equipment\nLand",
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                "text": "Land held for or under development, or for the Group's own use, is held at fair value and is valued in accordance with The Royal Institution of Chartered Surveyors Valuation - Global Standards ('The Global Red Book') and having regards to the UK National Supplement and specifically the basis valuation for IFRS. Details of valuation techniques used to determine fair value of land are given in Note 10.",
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                "text": "Increases in the carrying amount arising on revaluation of land are credited to the Revaluation Reserve. Decreases that offset previous increases on the same asset are charged against the Revaluation Reserve relating to the asset; all other decreases are charged to the Statement of Comprehensive Net Expenditure.",
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                "text": "Increases that offset previous decreases charged to the Statement of Comprehensive Net Expenditure on the same asset are credited to the Statement of Comprehensive Net Expenditure to the extent of previous decreases and subsequently to the Revaluation Reserve.",
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                "text": "When land assets are sold, any amounts included in Revaluation Reserve in respect of previously recognised surpluses are transferred to the General Reserve.",
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                "text": "A policy of revaluation has been adopted in respect of property assets owned by Scottish Enterprise including any property occupied by Scottish Enterprise for its own use. These are stated in the accounts on a fair value basis, except for the Glasgow Science Centre, which due to the specialist nature of the building, is valued based on depreciated replacement cost.",
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                "text": "Assets under construction are shown at cost less any impairment charges. Once completed these assets are reclassified into land and buildings and are revalued at fair value. Increases or decreases in value at the time of the first professional revaluation are accounted for on the same basis as other revaluation movements noted below.",
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                "text": "A depreciation charge is applied in the year of acquisition of an asset and no charge is made in the year in which it is disposed.",
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                "text": "Depreciation is charged to the Statement of Comprehensive Net Expenditure on the revalued amount of each property less the estimated residual value on a straight-line basis over their expected useful lives of up to a maximum of 55 years. Where an item of property has significant components, the components are depreciated separately, in accordance with their useful lives. The useful lives of property assets are determined in consultation with Graham & Sibbald, Chartered Surveyors.",
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                "text": "The difference between depreciation based on the revalued carrying amount of the asset charged to the Statement of Comprehensive Net Expenditure and depreciation based on the asset's original cost is transferred from the Revaluation Reserve to the General Reserve.",
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                "text": "As stated in the Government Financial Reporting Manual (FReM), it is for accounts preparers, in consultation with their valuers and using the RICS Red Book, to determine the most appropriate revaluation process for an asset:",
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                "text": "A rolling programme of valuations over a 5-year cycle, with annual indexation applied to assets during the 4 intervening years.",
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                "text": "In rare circumstances where an appropriate index is not available, a quinquennial revaluation supplemented by a desktop revaluation in year 3.",
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                "text": "As permitted by the FReM, non-property assets are carried at depreciated historic cost. Scottish Enterprise and the Group consider that all the assets in these categories have short useful lives, and the depreciation rates provide a realistic reflection of consumption and reduction in carrying value.",
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                "text": "Non property assets are depreciated on a straight-line basis to allocate their cost to their residual values over their estimated useful lives as follows:",
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                "page": 128,
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                "location": {
                    "l": 39.3521,
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                "text": "The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at the date of each Statement of Financial Position.",
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            {
                "page": 128,
                "type": "TEXT",
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                "text": "A depreciation charge is applied in the year of acquisition of an asset and no charge is made in the year in which it is disposed.",
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                "page": 128,
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                "page": 128,
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                "text": "Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of any replaced part is derecognised. All other repairs and maintenance are charged to the Statement of Comprehensive Net Expenditure during the financial period in which they are incurred.",
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                "page": 128,
                "type": "TEXT",
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                "text": "Assets that have an indefinite useful life, for example land, are not subject to depreciation or amortisation and are tested annually for impairment in the annual valuation process. Assets that are subject to depreciation and amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.",
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                "page": 129,
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                "page": 129,
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                "text": "Impairment losses in respect of land, property, plant, and equipment are recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and value in use. Where an asset is not held for the purpose of generating cash flows, value in use is assumed to equal the cost of replacing the service potential provided by the asset, unless there has been a reduction in service potential. Non-financial assets that suffer impairment are reviewed for possible reversal of the impairment at each subsequent reporting date.",
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                "page": 129,
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                "page": 129,
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                "text": "Non-current assets are reviewed regularly to ensure that they continue to contribute positively to policy and business objectives. Assets that no longer provide the required level of contribution are considered for disposal by senior management.",
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                "page": 129,
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                "text": "Non-current assets are classified as assets held for sale when their carrying amount is to be recovered principally through a sale transaction, the asset is being actively marketed for sale and a sale within a period of 12 months is considered highly probable. Non-current assets held for sale are stated at the lower of carrying amount and fair value less costs of disposal.",
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                "page": 129,
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                "text": "Scottish Enterprise classifies its financial assets in the following categories:",
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                "text": "Those to be measured subsequently at fair value through profit or loss; and",
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                "text": "Those to be measured at amortised cost.",
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            {
                "page": 129,
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                "text": "The classification depends on the purpose for which the financial assets were acquired and the contractual terms of the cash flows.",
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            },
            {
                "page": 129,
                "type": "TEXT",
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                "text": "For investments in equity that are not held for trading, Scottish Enterprise has not made an irrevocable election to account for the equity investment at fair value through other comprehensive income, and therefore for assets measured at fair value, gains and losses are recorded in profit or loss.",
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                "page": 130,
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                "text": "Management determines the classification of its financial assets at initial recognition and reclassifies debt investments only when the business model for managing those assets changes.",
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                "text": "Fair value assets are non-derivative financial assets that are either designated in this category or not classified as amortised cost. They are included in non-current assets unless management intends to dispose of the investment within 12 months of the date of each Statement of Financial Position. Fair value assets comprise investments in ordinary shares, investments in preference shares which are not classified as amortised cost and convertible and other loans for which there is no fixed or determinable repayment terms.",
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                "page": 130,
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                "text": "Amortised cost assets are non-derivative financial assets which are held to collect contractual cash flows. They are included in current assets except for maturities greater than 12 months after the date of each Statement of Financial Position which are classed as non-current assets.",
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            {
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                "text": "Recognition and derecognition",
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                "page": 130,
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                "text": "Financial assets are recognised when Scottish Enterprise becomes party to the contractual provisions of the financial instrument.",
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            {
                "page": 130,
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                "page": 130,
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            {
                "page": 130,
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            {
                "page": 130,
                "type": "TEXT",
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                "text": "Fair value is defined as the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm's length transaction.",
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            {
                "page": 130,
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                "text": "A quoted investment is valued using the bid price on the date of each Statement of Financial Position.",
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                "text": "131",
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                "page": 131,
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                "text": "If the market for a financial asset is not active, Scottish Enterprise establishes fair value from external market evidence. Details of valuation techniques used to determine fair value of financial assets held at fair value through profit or loss are given in Note 10.",
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            {
                "page": 131,
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                "text": "The price of recent investment is considered the methodology most appropriate. The costs of the investment itself or the price at which a significant amount of new investment into the company is made by an independent third party will be reliable for a limited period following the date of the transaction. While the price of a subsequent funding round is a guide to fair value, Scottish Enterprise will take account of the circumstance of the funding round and any subsequent events which may imply a change to the valuation.",
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            {
                "page": 131,
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                "text": "Changes in the fair value of financial assets at fair value through profit or loss are recognised in operating income or expenditure in the net expenditure statement. Dividends from such investments continue to be recognised in profit or loss as income in the year in which it is receivable.",
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            {
                "page": 131,
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                "text": "Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are measured at amortised cost using the effective interest rate method less provision for impairment. Interest income from these financial assets is included in finance income. Details of valuation techniques used to determine fair value of financial assets held at amortised cost are given in Note 10.",
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                "page": 131,
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                "text": "Scottish Enterprise assesses, on a forward-looking basis, the expected credit losses associated with its debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been significant increase in credit risk.",
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                "type": "TEXT",
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                "text": "For credit exposures where there has not been a significant increase in credit risk since initial recognition, expected credit losses are provided for credit losses that result from default events that are possible within the next 12 months. For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default. Further details on how Scottish Enterprise determines expected credit losses associated with its debt instruments is disclosed below in “Critical accounting estimates and judgements”.",
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            {
                "page": 131,
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                "text": "For trade receivables, Scottish Enterprise applies the simplified approach permitted by IFRS 9, which requires lifetime losses to be recognised from initial recognition of the receivables.",
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                "text": "Patents and other similar intellectual property rights",
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                "page": 132,
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                "text": "Externally purchased patents and other similar intellectual property rights are stated at cost and amortised over the lesser of the patent life or licence term and the length of the research and development programme to which the patent or licence relates.",
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            {
                "page": 132,
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            },
            {
                "page": 132,
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                "text": "Software licences are stated at depreciated replacement cost. Amortisation is calculated on a straight-line basis over a period of three years.",
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            },
            {
                "page": 132,
                "type": "TEXT",
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                "text": "Annual software licences are charged to the Statement of Comprehensive Net Expenditure in the year in which they are incurred.",
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                "page": 132,
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                "text": "Software Research and Development Costs",
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            {
                "page": 132,
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                "text": "Research costs are expensed as incurred. Development expenditure on an individual project is recognised as an intangible asset when the Group can demonstrate:",
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            {
                "page": 132,
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                "text": "The technical feasibility of completing the intangible asset so that the asset will be available for use or sale.",
                "marker": "•",
                "list_id": "L50",
                "level": 0,
                "reading_order": 9
            },
            {
                "page": 132,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 302.88,
                    "r": 264.1867,
                    "b": 288.48
                },
                "text": "Its intention to use or sell the asset.",
                "marker": "•",
                "list_id": "L50",
                "level": 0,
                "reading_order": 10
            },
            {
                "page": 132,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.1121,
                    "t": 285.12,
                    "r": 367.126,
                    "b": 270.72
                },
                "text": "How the asset will generate future economic benefits.",
                "marker": "•",
                "list_id": "L50",
                "level": 0,
                "reading_order": 11
            },
            {
                "page": 132,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.3521,
                    "t": 266.88,
                    "r": 349.6095,
                    "b": 252.96
                },
                "text": "The availability of resources to complete the asset.",
                "marker": "•",
                "list_id": "L50",
                "level": 0,
                "reading_order": 12
            },
            {
                "page": 132,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 249.36,
                    "r": 442.7108,
                    "b": 234
                },
                "text": "The ability to measure reliably the expenditure during development.",
                "marker": "•",
                "list_id": "L50",
                "level": 0,
                "reading_order": 13
            },
            {
                "page": 132,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 220.8,
                    "r": 552.1287,
                    "b": 136.56
                },
                "text": "Following initial recognition of the development expenditure as an asset, the asset is carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation of the asset begins when development is complete and the asset is available for use. It is amortised over the period of expected future benefit. During the period of development, the asset is tested for impairment annually.",
                "reading_order": 14
            },
            {
                "page": 132,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 122.88,
                    "r": 254.3487,
                    "b": 94.32
                },
                "text": "8. Inventories",
                "reading_order": 15,
                "level": 6
            },
            {
                "page": 132,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 74.88,
                    "r": 552.1287,
                    "b": 42.24
                },
                "text": "Inventories, representing the stock of goods for re-sale, are stated at the lower of cost and net realisable value.",
                "reading_order": 16
            }
        ]
    },
    {
        "page": 133,
        "items": [
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 533.8924,
                    "t": 805.92,
                    "r": 554.0483,
                    "b": 794.4
                },
                "text": "133",
                "reading_order": 0
            },
            {
                "page": 133,
                "type": "TITLE",
                "location": {
                    "l": 40.3119,
                    "t": 742.56,
                    "r": 197.4802,
                    "b": 715.44
                },
                "text": "9. Income",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 695.28,
                    "r": 514.9362,
                    "b": 628.56
                },
                "text": "Income from assets sold is recognised when the significant risks and rewards of ownership have been transferred to a third party. Revenue from services provided is recognised in the period for which the services were provided to the extent that the income has become receivable.",
                "reading_order": 2
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 615.6,
                    "r": 525.734,
                    "b": 583.2
                },
                "text": "Revenue grants and partners' contributions to projects are recognised in the period to which they relate.",
                "reading_order": 3
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 570.48,
                    "r": 299.6996,
                    "b": 554.4
                },
                "text": "Income is stated net of VAT where applicable.",
                "reading_order": 4
            },
            {
                "page": 133,
                "type": "TITLE",
                "location": {
                    "l": 39.1121,
                    "t": 539.76,
                    "r": 356.0882,
                    "b": 508.32
                },
                "text": "10. European Funding",
                "reading_order": 5,
                "level": 5
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 491.52,
                    "r": 542.5306,
                    "b": 441.12
                },
                "text": "European funding is credited to the Statement of Comprehensive Net Expenditure based on amounts receivable in respect of expenditure incurred in the accounting period on approved projects.",
                "reading_order": 6
            },
            {
                "page": 133,
                "type": "TITLE",
                "location": {
                    "l": 38.6322,
                    "t": 427.2,
                    "r": 335.2124,
                    "b": 398.16
                },
                "text": "11. Dividend Income",
                "reading_order": 7,
                "level": 6
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 379.2,
                    "r": 535.3321,
                    "b": 346.32
                },
                "text": "Dividend income is credited to the Statement of Comprehensive Net Expenditure in the year in which it is receivable.",
                "reading_order": 8
            },
            {
                "page": 133,
                "type": "TITLE",
                "location": {
                    "l": 39.1121,
                    "t": 331.92,
                    "r": 202.2792,
                    "b": 301.44
                },
                "text": "12. Leasing",
                "reading_order": 9,
                "level": 5
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 283.68,
                    "r": 544.9302,
                    "b": 234
                },
                "text": "Leases are accounted for under IFRS16 Leases; this introduces a single lessee accounting model that requires a lessee to recognise assets and liabilities for all leases (apart from the exemptions included below).",
                "reading_order": 10
            },
            {
                "page": 133,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 220.56,
                    "r": 442.7108,
                    "b": 194.4
                },
                "text": "Implementation and Assumptions",
                "reading_order": 11,
                "level": 6
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 183.36,
                    "r": 517.0958,
                    "b": 133.44
                },
                "text": "The definition of a contract is expanded to include intra-UK government agreements where non-performance may not be enforceable by law. This includes, for example, Memorandum of Terms of Occupation (MOTO) agreements.",
                "reading_order": 12
            },
            {
                "page": 133,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 121.44,
                    "r": 548.7694,
                    "b": 88.32
                },
                "text": "Scottish Enterprise has elected not to recognise right of use assets and lease liabilities for the following leases:",
                "reading_order": 13
            },
            {
                "page": 133,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 79.68,
                    "r": 160.2877,
                    "b": 65.28
                },
                "text": "Intangible assets;",
                "marker": "•",
                "list_id": "L51",
                "level": 0,
                "reading_order": 14
            },
            {
                "page": 133,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.3521,
                    "t": 62.16,
                    "r": 368.5657,
                    "b": 47.28
                },
                "text": "Non-lease components of contracts where applicable;",
                "marker": "•",
                "list_id": "L51",
                "level": 0,
                "reading_order": 15
            }
        ]
    },
    {
        "page": 134,
        "items": [
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 41.0317,
                    "t": 805.92,
                    "r": 61.4276,
                    "b": 794.88
                },
                "text": "134",
                "reading_order": 0
            },
            {
                "page": 134,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.832,
                    "t": 743.76,
                    "r": 545.4101,
                    "b": 695.76
                },
                "text": "Low value assets (these are determined to be in line with capitalisation thresholds on Property, Plant and Equipment except vehicles which have been deemed to be not of low value); and",
                "marker": "•",
                "list_id": "L51",
                "level": 0,
                "reading_order": 1
            },
            {
                "page": 134,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 692.16,
                    "r": 322.9749,
                    "b": 677.52
                },
                "text": "Leases with a lease term of 12 months or less.",
                "marker": "•",
                "list_id": "L51",
                "level": 0,
                "reading_order": 2
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 663.12,
                    "r": 547.5696,
                    "b": 613.92
                },
                "text": "At inception of a contract, Scottish Enterprise assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time.",
                "reading_order": 3
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 600.48,
                    "r": 550.449,
                    "b": 550.08
                },
                "text": "The group assesses whether it is reasonably certain to exercise break options or extension options at the lease commencement date. The group reassesses this if there are significant events or changes in circumstances that were not anticipated.",
                "reading_order": 4
            },
            {
                "page": 134,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
                    "t": 536.88,
                    "r": 175.8845,
                    "b": 514.56
                },
                "text": "As a lessee",
                "reading_order": 5,
                "level": 6
            },
            {
                "page": 134,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 499.2,
                    "r": 213.077,
                    "b": 479.28
                },
                "text": "Right of use assets",
                "reading_order": 6,
                "level": 6
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 469.44,
                    "r": 544.6902,
                    "b": 402.48
                },
                "text": "The group recognises a right of use asset and lease liability on the Statement of Financial Position at the commencement date. The right of use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for initial direct costs, prepayments or incentives, and costs related to restoration at the end of a lease.",
                "reading_order": 7
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
                    "t": 389.76,
                    "r": 533.6524,
                    "b": 323.52
                },
                "text": "The right of use asset is subsequently measured at either fair value or current value in existing use in line with property, plant and equipment assets. The cost measurement model in IFRS 16 is used as an appropriate proxy for current value in existing use or fair value for all current leases.",
                "reading_order": 8
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 316.8,
                    "r": 550.689,
                    "b": 249.6
                },
                "text": "The right of use asset is depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right of use asset or the end of the lease term. The estimated useful lives of the right of use assets are determined on the same basis of those of property plant and equipment assets.",
                "reading_order": 9
            },
            {
                "page": 134,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 235.68,
                    "r": 182.8431,
                    "b": 216.48
                },
                "text": "Lease liabilities",
                "reading_order": 10,
                "level": 6
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 205.44,
                    "r": 546.1299,
                    "b": 155.52
                },
                "text": "The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease, or if that cannot be readily determined, the rate provided by HM Treasury (HMT).",
                "reading_order": 11
            },
            {
                "page": 134,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 142.56,
                    "r": 553.8084,
                    "b": 59.52
                },
                "text": "The lease payment is measured at amortised cost using the effective interest method. It is re-measured when there is a change in future lease payments arising from a change in the index or rate, if there is a change in the group's estimates of the amount expected to be payable under a residual value guarantee, or if the group changes its assessment of whether it will exercise a purchase, extension or termination option.",
                "reading_order": 12
            }
        ]
    },
    {
        "page": 135,
        "items": [
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 534.1323,
                    "t": 805.68,
                    "r": 554.0483,
                    "b": 794.64
                },
                "text": "135",
                "reading_order": 0
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 745.2,
                    "r": 541.8108,
                    "b": 694.56
                },
                "text": "When the lease liability is re-measured, a corresponding adjustment is made to the right of use asset or recorded in the Statement of Comprehensive Net Expenditure if the carrying amount of the right of use asset is zero.",
                "reading_order": 1
            },
            {
                "page": 135,
                "type": "TITLE",
                "location": {
                    "l": 39.3521,
                    "t": 680.88,
                    "r": 172.7652,
                    "b": 658.56
                },
                "text": "As a lessor",
                "reading_order": 2,
                "level": 6
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 644.88,
                    "r": 544.6902,
                    "b": 611.76
                },
                "text": "When the group acts as a lessor, it determines at least inception whether each lease is a finance or operating lease.",
                "reading_order": 3
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 599.04,
                    "r": 529.8132,
                    "b": 532.56
                },
                "text": "To classify each lease, the group makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease, if not then it is an operating lease.",
                "reading_order": 4
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 519.84,
                    "r": 543.2505,
                    "b": 435.6
                },
                "text": "When the group is the intermediate lessor, it accounts for its interest in the head lease and the sub lease separately. If a head lease is a short-term lease to which the group applies the exemption above, then the sublease is classified as an operating lease. Otherwise, the sublease is classified with reference to the right-of-use asset arising from the head lease, rather than with reference to the underlying asset.",
                "reading_order": 5
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 422.88,
                    "r": 547.5696,
                    "b": 390.96
                },
                "text": "The group recognises lease payments under operating leases as income on a straight-line basis over the length of the lease terms.",
                "reading_order": 6
            },
            {
                "page": 135,
                "type": "TITLE",
                "location": {
                    "l": 39.3521,
                    "t": 375.6,
                    "r": 268.2659,
                    "b": 346.56
                },
                "text": "13. Expenditure",
                "reading_order": 7,
                "level": 6
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.832,
                    "t": 328.08,
                    "r": 326.8141,
                    "b": 312.48
                },
                "text": "Expenditure is accounted for on an accruals basis.",
                "reading_order": 8
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 299.04,
                    "r": 545.65,
                    "b": 248.88
                },
                "text": "Grants payable or paid to third parties are recorded as expenditure in the period that the underlying event or activity giving rise to the grant occurs. Where necessary, obligations in respect of grant awards are recognised as liabilities.",
                "reading_order": 9
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 236.16,
                    "r": 482.3028,
                    "b": 220.56
                },
                "text": "Goods and services expenditure is recognised in the period to which it relates.",
                "reading_order": 10
            },
            {
                "page": 135,
                "type": "TITLE",
                "location": {
                    "l": 39.3521,
                    "t": 205.92,
                    "r": 213.557,
                    "b": 178.08
                },
                "text": "14. Taxation",
                "reading_order": 11,
                "level": 6
            },
            {
                "page": 135,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 157.44,
                    "r": 551.6488,
                    "b": 57.36
                },
                "text": "Tax on the net expenditure for the year comprises current tax. Tax is recognised in the Statement of Comprehensive Net Expenditure, except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using the rates enacted or subsequently enacted at the date of the Statement of Financial Position in the countries where Scottish Enterprise's subsidiaries operate and generate taxable",
                "reading_order": 12
            }
        ]
    },
    {
        "page": 136,
        "items": [
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 41.0317,
                    "t": 805.68,
                    "r": 61.6676,
                    "b": 794.64
                },
                "text": "136",
                "reading_order": 0
            },
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 744.48,
                    "r": 545.4101,
                    "b": 660.96
                },
                "text": "income, and any adjustment to the tax payable in respect of previous years. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions for corporation tax on gains, profits, and losses, as computed for tax purposes, arising from business activities based on amounts expected to be paid to the tax authorities.",
                "reading_order": 1
            },
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 648,
                    "r": 552.8486,
                    "b": 530.16
                },
                "text": "Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the date of the Statement of Financial Position. A deferred tax asset is only recognised to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilised.",
                "reading_order": 2
            },
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 518.16,
                    "r": 541.8108,
                    "b": 485.76
                },
                "text": "Grant in Aid received from the Scottish Ministers is allocated in the first instance to non-business expenditures.",
                "reading_order": 3
            },
            {
                "page": 136,
                "type": "TITLE",
                "location": {
                    "l": 38.6322,
                    "t": 471.6,
                    "r": 364.2466,
                    "b": 397.68
                },
                "text": "15. Employee Benefits\nRetirement benefits",
                "reading_order": 4,
                "level": 5
            },
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 385.2,
                    "r": 543.4904,
                    "b": 353.04
                },
                "text": "Scottish Enterprise operates the Scottish Enterprise Pension & Life Assurance Scheme, a defined benefit retirement benefit plan.",
                "reading_order": 5
            },
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 339.84,
                    "r": 548.7694,
                    "b": 187.68
                },
                "text": "The asset recognised in the Statement of Financial Position in respect of a defined benefit plan is the fair value of plan assets less the present value of the defined benefit obligation at the date of the Statement of Financial Position, together with adjustments for unrecognised past-service costs. The defined obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related liability.",
                "reading_order": 6
            },
            {
                "page": 136,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 175.44,
                    "r": 549.0093,
                    "b": 91.2
                },
                "text": "The expected return on the plan's assets less the interest cost of the plans' obligations is recognised in the Statement of Comprehensive Net Expenditure as Other Finance Income or as Other Finance Charges where the interest cost exceeds the expected return on plan assets. The interest cost of the plan's obligations represents the increase in obligations arising from unwinding of the discount due to the passage of time.",
                "reading_order": 7
            }
        ]
    },
    {
        "page": 137,
        "items": [
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 534.3723,
                    "t": 805.68,
                    "r": 554.2883,
                    "b": 794.64
                },
                "text": "137",
                "reading_order": 0
            },
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 744.72,
                    "r": 530.2931,
                    "b": 694.8
                },
                "text": "Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to taxpayers' funds in the Statement of Other Comprehensive Net Expenditure in the period in which they arise.",
                "reading_order": 1
            },
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 681.36,
                    "r": 554.7682,
                    "b": 581.52
                },
                "text": "Past service costs represent the change in the present value of the obligation, in respect of prior periods' service, due to changes in benefit entitlement. Past-service costs are recognised immediately in the Statement of Comprehensive Net Expenditure, unless the changes to the pension plan are conditional on the employees remaining in service for a specified period of time (the vesting period). In this case, the past-service costs are amortised on a straight-line basis over the vesting period.",
                "reading_order": 2
            },
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 568.56,
                    "r": 548.2895,
                    "b": 468.72
                },
                "text": "A settlement is an early settlement of all or part of the plan obligation. A curtailment occurs when the Group is demonstrably committed to significantly reduce the number of employees in the plan or amends the terms of the plan so that the benefits of future services are reduced or eliminated. Measurement of the obligation does not consider planned curtailments or settlements until the Group is committed to the curtailment or settlement with no realistic possibility of withdrawal.",
                "reading_order": 3
            },
            {
                "page": 137,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 454.8,
                    "r": 398.7996,
                    "b": 430.8
                },
                "text": "Short term employee benefits",
                "reading_order": 4,
                "level": 6
            },
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 38.3923,
                    "t": 417.84,
                    "r": 554.5282,
                    "b": 318.24
                },
                "text": "A liability and an expense are recognised for holiday days, holiday pay, bonuses, and other short-term benefits when the employees render service that increases their entitlement to these benefits. As a result, an accrual has been made for holidays earned but not taken. Accruals are recognised for material amounts in respect of holiday days, holiday pay, bonuses and other short-term benefits earned but not taken or paid at the date of the Statement of Financial Position.",
                "reading_order": 5
            },
            {
                "page": 137,
                "type": "TITLE",
                "location": {
                    "l": 38.8722,
                    "t": 303.36,
                    "r": 492.8607,
                    "b": 228.96
                },
                "text": "16. Exchange Gains and Losses\nFunctional and presentation currency",
                "reading_order": 6,
                "level": 5
            },
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 217.68,
                    "r": 553.0885,
                    "b": 151.2
                },
                "text": "Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates ('the functional currency'). The Group accounts are presented in Pounds Sterling, which is Scottish Enterprise's functional and the Group's presentation currency.",
                "reading_order": 7
            },
            {
                "page": 137,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 137.28,
                    "r": 359.4475,
                    "b": 113.76
                },
                "text": "Transactions and balances",
                "reading_order": 8,
                "level": 6
            },
            {
                "page": 137,
                "type": "TEXT",
                "location": {
                    "l": 39.592,
                    "t": 100.8,
                    "r": 529.0933,
                    "b": 51.36
                },
                "text": "Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such",
                "reading_order": 9
            }
        ]
    },
    {
        "page": 138,
        "items": [
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 41.2717,
                    "t": 805.92,
                    "r": 61.4276,
                    "b": 794.64
                },
                "text": "138",
                "reading_order": 0
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 745.44,
                    "r": 545.89,
                    "b": 695.04
                },
                "text": "transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Net Expenditure.",
                "reading_order": 1
            },
            {
                "page": 138,
                "type": "TITLE",
                "location": {
                    "l": 38.6322,
                    "t": 681.12,
                    "r": 487.8217,
                    "b": 651.36
                },
                "text": "17. Cash and Cash Equivalents",
                "reading_order": 2,
                "level": 6
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 632.88,
                    "r": 551.4089,
                    "b": 599.76
                },
                "text": "Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.",
                "reading_order": 3
            },
            {
                "page": 138,
                "type": "TITLE",
                "location": {
                    "l": 38.8722,
                    "t": 585.84,
                    "r": 374.8044,
                    "b": 556.32
                },
                "text": "18. Financial Liabilities",
                "reading_order": 4,
                "level": 6
            },
            {
                "page": 138,
                "type": "TITLE",
                "location": {
                    "l": 40.3119,
                    "t": 537.6,
                    "r": 203.9589,
                    "b": 512.4
                },
                "text": "Classification",
                "reading_order": 5,
                "level": 6
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 499.92,
                    "r": 543.4904,
                    "b": 468
                },
                "text": "Scottish Enterprise classifies its financial liabilities on initial recognition as other financial liabilities.",
                "reading_order": 6
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 454.08,
                    "r": 550.689,
                    "b": 386.88
                },
                "text": "Other financial liabilities are included in current liabilities, except for maturities greater than 12 months after the date of the Statement of Financial Position. These are classified as non-current liabilities. Scottish Enterprise's other financial liabilities comprise trade and other payables in the Statement of Financial Position.",
                "reading_order": 7
            },
            {
                "page": 138,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 372.96,
                    "r": 405.5183,
                    "b": 348.96
                },
                "text": "Recognition and measurement",
                "reading_order": 8,
                "level": 6
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 337.2,
                    "r": 500.5391,
                    "b": 304.32
                },
                "text": "Financial liabilities are recognised when Scottish Enterprise becomes party to the contractual provisions of the financial instrument.",
                "reading_order": 9
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 291.6,
                    "r": 498.6195,
                    "b": 258
                },
                "text": "A financial liability is removed from the Statement of Financial Position when it is extinguished, that is when the obligation is discharged, cancelled, or expired.",
                "reading_order": 10
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 246,
                    "r": 552.6086,
                    "b": 212.88
                },
                "text": "Other financial liabilities are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.",
                "reading_order": 11
            },
            {
                "page": 138,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 198.72,
                    "r": 240.1916,
                    "b": 170.16
                },
                "text": "19. Provisions",
                "reading_order": 12,
                "level": 6
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 150.24,
                    "r": 554.0483,
                    "b": 100.08
                },
                "text": "Provisions are recognised when: the Group has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated.",
                "reading_order": 13
            },
            {
                "page": 138,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 87.84,
                    "r": 548.7694,
                    "b": 54.48
                },
                "text": "Where there are several similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision",
                "reading_order": 14
            }
        ]
    },
    {
        "page": 139,
        "items": [
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 533.6524,
                    "t": 805.92,
                    "r": 554.0483,
                    "b": 794.64
                },
                "text": "139",
                "reading_order": 0
            },
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 745.2,
                    "r": 546.1299,
                    "b": 712.08
                },
                "text": "is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.",
                "reading_order": 1
            },
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 699.12,
                    "r": 548.0495,
                    "b": 632.64
                },
                "text": "Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax interest rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.",
                "reading_order": 2
            },
            {
                "page": 139,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 618.72,
                    "r": 404.0785,
                    "b": 588.72
                },
                "text": "20. Contingent Liabilities",
                "reading_order": 3,
                "level": 6
            },
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 570,
                    "r": 548.2895,
                    "b": 452.64
                },
                "text": "A contingent liability is a possible liability whose existence will only be confirmed by uncertain future events that are not wholly under the control of Scottish Enterprise. A contingent liability is disclosed in the notes to the accounts unless the prospect of having to settle such a liability in the future should its existence be confirmed is considered by Scottish Enterprise to be remote. If it is probable that Scottish Enterprise will be required to settle the liability then a provision is recognised in the Statement of Financial Position, as noted above.",
                "reading_order": 4
            },
            {
                "page": 139,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 438.96,
                    "r": 525.734,
                    "b": 377.28
                },
                "text": "21. Critical Accounting Estimates and Judgements",
                "reading_order": 5,
                "level": 2
            },
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 358.8,
                    "r": 537.2517,
                    "b": 291.36
                },
                "text": "The preparation of the accounts in conformity with IFRS requires the Board and Accountable Officer to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets, liabilities, income, and expenses. Actual results may differ from these estimates.",
                "reading_order": 6
            },
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 279.12,
                    "r": 545.1701,
                    "b": 160.56
                },
                "text": "Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. With the exception of the Retirement benefit scheme, sensitivity analysis has not been disclosed where management considers that reasonably possible changes in key assumptions would not result in a material impact on the financial statements, or where the inherent estimation uncertainty cannot be reliably quantified on a discrete basis.",
                "reading_order": 7
            },
            {
                "page": 139,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 149.04,
                    "r": 541.0909,
                    "b": 115.68
                },
                "text": "Information about critical judgements in applying accounting policies that have the most significant effects on the amounts recognised in the accounts is as follows:",
                "reading_order": 8
            }
        ]
    },
    {
        "page": 140,
        "items": [
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 40.7918,
                    "t": 805.68,
                    "r": 62.3874,
                    "b": 794.88
                },
                "text": "140",
                "reading_order": 0
            },
            {
                "page": 140,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 744.48,
                    "r": 366.6461,
                    "b": 720.72
                },
                "text": "Retirement benefit scheme",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 140,
                "type": "TITLE",
                "location": {
                    "l": 40.3119,
                    "t": 705.6,
                    "r": 154.2889,
                    "b": 686.64
                },
                "text": "Judgements",
                "reading_order": 2,
                "level": 6
            },
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 675.84,
                    "r": 552.8486,
                    "b": 558.24
                },
                "text": "The Group exercises judgement when applying accounting policies and standards relevant to employee benefits. Scottish Enterprise operates the Scottish Enterprise Pension & Life Assurance Scheme for colleagues which provides benefits in the form of a guaranteed level of pension payable for life and a judgement has been made to account for this on a defined benefit basis under IAS 19 Employee Benefits. This judgement arises from the Group's obligations to make pension contributions which are independently determined by an actuary, on the basis of triennial valuations.",
                "reading_order": 3
            },
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 546.24,
                    "r": 550.9289,
                    "b": 444.96
                },
                "text": "IAS 19 limits the measurement of a net defined benefit asset to the lower of the surplus in the defined benefit plan and the asset ceiling, defined as the present value of economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan. The Group has made the judgement, after reviewing the scheme's Trust Deed, that it has an unconditional right to refund of surplus on wind-up of the scheme and as a result recognises the full surplus in the scheme.",
                "reading_order": 4
            },
            {
                "page": 140,
                "type": "TITLE",
                "location": {
                    "l": 40.3119,
                    "t": 430.56,
                    "r": 133.1732,
                    "b": 412.56
                },
                "text": "Estimates",
                "reading_order": 5,
                "level": 6
            },
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 401.04,
                    "r": 536.0519,
                    "b": 317.76
                },
                "text": "The present value of the retirement benefit obligations depends on a number of factors that are determined on an actuarial basis using a number of assumptions. The assumptions used in determining the net cost or income for pensions include the discount rate. Any changes in these assumptions will impact the carrying amount of retirement benefit obligations.",
                "reading_order": 6
            },
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 304.8,
                    "r": 552.3687,
                    "b": 187.68
                },
                "text": "The Group determines the appropriate discount rate at the end of each year. This is the interest rate that should be used to determine the present value of estimated future cash outflows expected to be required to settle the retirement benefit obligations. In determining the appropriate discount rate, the Group considers the interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating the terms of the related retirement benefit obligations.",
                "reading_order": 7
            },
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 174.48,
                    "r": 551.8888,
                    "b": 141.84
                },
                "text": "The Group also determines the appropriate rate for salary inflation based on consideration of inflation and long-term assumptions in respect of salary increases.",
                "reading_order": 8
            },
            {
                "page": 140,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 128.4,
                    "r": 534.3723,
                    "b": 45.36
                },
                "text": "Other key assumptions for retirement benefit obligations are based in part on current market conditions. Additional information is disclosed in Note 11, which includes a table setting out the potential sensitivity of change in assumptions of the retirement benefit obligation. A firm of consulting actuaries is engaged to provide the Group with expert advice about the assumptions to be applied.",
                "reading_order": 9
            }
        ]
    },
    {
        "page": 141,
        "items": [
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 535.812,
                    "t": 805.92,
                    "r": 554.0483,
                    "b": 794.4
                },
                "text": "141",
                "reading_order": 0
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 745.44,
                    "r": 412.4769,
                    "b": 718.8
                },
                "text": "Fair value of land and buildings",
                "reading_order": 1,
                "level": 6
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
                    "t": 706.08,
                    "r": 154.5289,
                    "b": 686.16
                },
                "text": "Judgements",
                "reading_order": 2,
                "level": 6
            },
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 38.6322,
                    "t": 676.32,
                    "r": 494.5403,
                    "b": 642.72
                },
                "text": "The Group commissions a valuation of land and buildings held for industrial and commercial use biannually which is carried out by a firm of professional valuers.",
                "reading_order": 3
            },
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 630.48,
                    "r": 526.6938,
                    "b": 563.04
                },
                "text": "The valuation report has been used to inform the measurement of assets in these financial statements. The valuever exercises professional judgement in preparing the valuation and therefore, this is the best information available to the Group at 31 March 2026 and can be relied upon.",
                "reading_order": 4
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 40.3119,
                    "t": 548.88,
                    "r": 133.4131,
                    "b": 530.88
                },
                "text": "Estimates",
                "reading_order": 5,
                "level": 6
            },
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 520.32,
                    "r": 501.259,
                    "b": 469.2
                },
                "text": "Details of valuation techniques used to determine fair value of land and buildings, including information on key unobservable inputs and the relationship between unobservable inputs to fair value that have been applied, are given in Note 10.",
                "reading_order": 6
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 457.2,
                    "r": 448.4696,
                    "b": 431.28
                },
                "text": "Fair value of financial instruments",
                "reading_order": 7,
                "level": 6
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 39.832,
                    "t": 417.84,
                    "r": 154.5289,
                    "b": 397.68
                },
                "text": "Judgements",
                "reading_order": 8,
                "level": 6
            },
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 388.8,
                    "r": 544.6902,
                    "b": 303.84
                },
                "text": "The fair value of financial instruments that are not traded in an active market is determined by using judgement and assumptions that are mainly based on external market conditions existing at the date of each Statement of Financial Position. The valuations are carried out internally and the group follows the International Private Equity and Venture Capital Valuation (“IPEV”) Guidance when determining fair value.",
                "reading_order": 9
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 290.16,
                    "r": 132.9332,
                    "b": 271.68
                },
                "text": "Estimates",
                "reading_order": 10,
                "level": 6
            },
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 260.88,
                    "r": 553.0885,
                    "b": 210.48
                },
                "text": "Details of valuation techniques used to determine fair value of financial assets, including information on key unobservable inputs and the relationship between unobservable inputs to fair value that have been applied, are given in Note 10.",
                "reading_order": 11
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 197.52,
                    "r": 435.7522,
                    "b": 147.84
                },
                "text": "Impairment of financial assets at amortised cost",
                "reading_order": 12,
                "level": 3
            },
            {
                "page": 141,
                "type": "TITLE",
                "location": {
                    "l": 39.592,
                    "t": 133.44,
                    "r": 154.5289,
                    "b": 113.52
                },
                "text": "Judgements",
                "reading_order": 13,
                "level": 6
            },
            {
                "page": 141,
                "type": "TEXT",
                "location": {
                    "l": 38.8722,
                    "t": 104.16,
                    "r": 554.0483,
                    "b": 53.52
                },
                "text": "The Group follows the guidance of IFRS 9 to determine, the expected credit losses associated with its debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been significant increase in credit risk",
                "reading_order": 14
            }
        ]
    },
    {
        "page": 142,
        "items": [
            {
                "page": 142,
                "type": "TEXT",
                "location": {
                    "l": 40.7918,
                    "t": 805.92,
                    "r": 61.9075,
                    "b": 794.88
                },
                "text": "142",
                "reading_order": 0
            },
            {
                "page": 142,
                "type": "TEXT",
                "location": {
                    "l": 39.1121,
                    "t": 744.72,
                    "r": 533.4125,
                    "b": 643.92
                },
                "text": "when financial asset held at amortised cost is impaired. This determination requires significant judgement. In making this judgement, the Group evaluates, among other factors, the duration and extent to which the fair value of an investment is less than its cost; and the financial health of and short- term business outlook for the investee, including factors such as industry and sector performance, changes in technology and operational and financing cash flow.",
                "reading_order": 1
            },
            {
                "page": 142,
                "type": "TITLE",
                "location": {
                    "l": 40.0719,
                    "t": 629.52,
                    "r": 132.9332,
                    "b": 611.52
                },
                "text": "Estimates",
                "reading_order": 2,
                "level": 6
            },
            {
                "page": 142,
                "type": "TEXT",
                "location": {
                    "l": 39.3521,
                    "t": 599.76,
                    "r": 552.6086,
                    "b": 533.52
                },
                "text": "Expected credit losses are the credit losses that are estimated to occur over the life of the financial instrument. The expected credit loss is determined by evaluating loans and receivables and assessing whether the credit risk has increased since initial recognition. Financial assets at amortised cost are classified as follows:",
                "reading_order": 3
            },
            {
                "page": 142,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 525.84,
                    "r": 542.0507,
                    "b": 460.32
                },
                "text": "Stage 1, where the credit risk has not increased significantly then a loss allowance equal to a 12 month expected credit loss is recognised by (i) reviewing loans with shared risk characteristics and (ii) applying a probability assessment of a loss default within 12 months;",
                "marker": "•",
                "list_id": "L52",
                "level": 0,
                "reading_order": 4
            },
            {
                "page": 142,
                "type": "LIST_ITEM",
                "location": {
                    "l": 39.592,
                    "t": 457.2,
                    "r": 553.8084,
                    "b": 391.2
                },
                "text": "Stage 2, where the loan is past due and based on past experience the asset is considered to be credit impaired, a loss allowance equal to a lifetime expected credit loss is recognised by (i) reviewing loans with shared risk characteristics and (ii) applying a probability assessment of a loss default;",
                "marker": "•",
                "list_id": "L52",
                "level": 0,
                "reading_order": 5
            },
            {
                "page": 142,
                "type": "LIST_ITEM",
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                "text": "There are new accounting standards that have been issued or amended but have not yet been applied by the Group in these financial statements. The standards that are considered relevant to the Group are as follows:",
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                "text": "IFRS 18 will replace IAS 1 Presentation of Financial Statements and is effective for annual reporting periods beginning on or after the 1 January 2027 in the private sector. The impact of IFRS 18 on the Public Sector is still being assessed, and a decision has not yet been taken on an implementation date.",
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                                "location": [
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                                    340.4509,
                                    450.6292,
                                    360.2836
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                                "html_text": "49",
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                                "location": [
                                    450.6292,
                                    340.4509,
                                    501.9788,
                                    360.2836
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                                "text": "550",
                                "html_text": "550",
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                                    553.3285,
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                                "html_text": "168,815",
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                                    142.5313,
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                                "text": "75,792",
                                "html_text": "75,792",
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                                    193.8809,
                                    340.4509
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                                "text": "89,826",
                                "html_text": "89,826",
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                                    340.4509
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                                "html_text": "-",
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                                "location": [
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                                "html_text": "-",
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                                "location": [
                                    296.5802,
                                    320.6182,
                                    347.9299,
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                                "text": "1,143",
                                "html_text": "1,143",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    399.2795,
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                                "html_text": "46",
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                                "location": [
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                                    340.4509
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                                "html_text": "58",
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                                "location": [
                                    450.6292,
                                    320.6182,
                                    501.9788,
                                    340.4509
                                ],
                                "text": "634",
                                "html_text": "634",
                                "links": [],
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                                "colspan": 1,
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                                "location": [
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                                    320.6182,
                                    553.3285,
                                    340.4509
                                ],
                                "text": "167,499",
                                "html_text": "167,499",
                                "links": [],
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                                "rowspan": 1,
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                                    300.7855,
                                    553.3285,
                                    320.6182
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                                "location": [
                                    39.832,
                                    280.9527,
                                    91.1816,
                                    300.7855
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                                "text": "Owned",
                                "html_text": "Owned",
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                                "html_text": "75,730",
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                                    193.8809,
                                    300.7855
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                                "text": "91,966",
                                "html_text": "91,966",
                                "links": [],
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                                "location": [
                                    193.8809,
                                    280.9527,
                                    245.2306,
                                    300.7855
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    245.2306,
                                    280.9527,
                                    296.5802,
                                    300.7855
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    296.5802,
                                    280.9527,
                                    347.9299,
                                    300.7855
                                ],
                                "text": "464",
                                "html_text": "464",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    347.9299,
                                    280.9527,
                                    399.2795,
                                    300.7855
                                ],
                                "text": "56",
                                "html_text": "56",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    399.2795,
                                    280.9527,
                                    450.6292,
                                    300.7855
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                                "text": "49",
                                "html_text": "49",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    450.6292,
                                    280.9527,
                                    501.9788,
                                    300.7855
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                                "text": "550",
                                "html_text": "550",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    501.9788,
                                    280.9527,
                                    553.3285,
                                    300.7855
                                ],
                                "text": "168,815",
                                "html_text": "168,815",
                                "links": [],
                                "cell_header_index": 9,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    39.832,
                                    261.12,
                                    91.1816,
                                    280.9527
                                ],
                                "text": "At 31 March 2026",
                                "html_text": "At 31 March 2026",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    91.1816,
                                    261.12,
                                    142.5313,
                                    280.9527
                                ],
                                "text": "75,730",
                                "html_text": "75,730",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    142.5313,
                                    261.12,
                                    193.8809,
                                    280.9527
                                ],
                                "text": "91,966",
                                "html_text": "91,966",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    261.12,
                                    245.2306,
                                    280.9527
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    245.2306,
                                    261.12,
                                    296.5802,
                                    280.9527
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    296.5802,
                                    261.12,
                                    347.9299,
                                    280.9527
                                ],
                                "text": "464",
                                "html_text": "464",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    347.9299,
                                    261.12,
                                    399.2795,
                                    280.9527
                                ],
                                "text": "56",
                                "html_text": "56",
                                "links": [],
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                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    399.2795,
                                    261.12,
                                    450.6292,
                                    280.9527
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                                "text": "49",
                                "html_text": "49",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    450.6292,
                                    261.12,
                                    501.9788,
                                    280.9527
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                                "text": "550",
                                "html_text": "550",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    501.9788,
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                                    553.3285,
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                                "text": "168,815",
                                "html_text": "168,815",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                "text": "Within Buildings are buildings that have been revalued by Graham & Sibbald, Chartered Surveyors on the basis of depreciated replacement cost representing the gross replacement cost discounted for consumption of assets to date. The buildings are depreciated over a period of 55 years (2025: 55 years).",
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                                "text": "",
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                                "links": [],
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "html_text": "£000",
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                                "html_text": "£000",
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "column_header": false,
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                                "location": [
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                                "html_text": "£000",
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
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                                    439.0848,
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                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
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                                "colspan": 9,
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                                "text": "70,987",
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                                "html_text": "-",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "58",
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                                "colspan": 1,
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                                "text": "3,393",
                                "html_text": "3,393",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "115,341",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "Additions",
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    268.0793,
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                                "text": "-",
                                "html_text": "-",
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                                "column_header": false,
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                                "location": [
                                    268.0793,
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                                    325.0811,
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                                "text": "-",
                                "html_text": "-",
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                                "location": [
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                                    496.0867,
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                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "198",
                                "html_text": "198",
                                "links": [],
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                                "colspan": 1,
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                                "text": "At 31 March 2025",
                                "html_text": "At 31 March 2025",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
                                    97.0737,
                                    371.1055,
                                    154.0756,
                                    390.8073
                                ],
                                "text": "70,987",
                                "html_text": "70,987",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    154.0756,
                                    371.1055,
                                    211.0774,
                                    390.8073
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                                "text": "27,438",
                                "html_text": "27,438",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    211.0774,
                                    371.1055,
                                    268.0793,
                                    390.8073
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    268.0793,
                                    371.1055,
                                    325.0811,
                                    390.8073
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    325.0811,
                                    371.1055,
                                    382.083,
                                    390.8073
                                ],
                                "text": "46",
                                "html_text": "46",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    382.083,
                                    371.1055,
                                    439.0848,
                                    390.8073
                                ],
                                "text": "51",
                                "html_text": "51",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    439.0848,
                                    371.1055,
                                    496.0867,
                                    390.8073
                                ],
                                "text": "624",
                                "html_text": "624",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    496.0867,
                                    371.1055,
                                    553.0885,
                                    390.8073
                                ],
                                "text": "99,146",
                                "html_text": "99,146",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            }
                        ],
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                    },
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                            351.4036,
                            553.0885,
                            371.1055
                        ],
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                                "location": [
                                    40.0719,
                                    351.4036,
                                    553.0885,
                                    371.1055
                                ],
                                "text": "Asset financing:",
                                "html_text": "Asset financing:",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 9,
                                "column_header": false,
                                "row_header": false,
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                            }
                        ],
                        "ref": "#/tables/0"
                    },
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                        "row_index": 20,
                        "location": [
                            40.0719,
                            331.7018,
                            553.0885,
                            351.4036
                        ],
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                            {
                                "location": [
                                    40.0719,
                                    331.7018,
                                    97.0737,
                                    351.4036
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                                "text": "Owned",
                                "html_text": "Owned",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
                                    97.0737,
                                    331.7018,
                                    154.0756,
                                    351.4036
                                ],
                                "text": "70,925",
                                "html_text": "70,925",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    154.0756,
                                    331.7018,
                                    211.0774,
                                    351.4036
                                ],
                                "text": "30,059",
                                "html_text": "30,059",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    211.0774,
                                    331.7018,
                                    268.0793,
                                    351.4036
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    268.0793,
                                    331.7018,
                                    325.0811,
                                    351.4036
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    325.0811,
                                    331.7018,
                                    382.083,
                                    351.4036
                                ],
                                "text": "56",
                                "html_text": "56",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    382.083,
                                    331.7018,
                                    439.0848,
                                    351.4036
                                ],
                                "text": "49",
                                "html_text": "49",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    439.0848,
                                    331.7018,
                                    496.0867,
                                    351.4036
                                ],
                                "text": "550",
                                "html_text": "550",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    496.0867,
                                    331.7018,
                                    553.0885,
                                    351.4036
                                ],
                                "text": "101,639",
                                "html_text": "101,639",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 21,
                        "location": [
                            40.0719,
                            312,
                            553.0885,
                            331.7018
                        ],
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                                "location": [
                                    40.0719,
                                    312,
                                    97.0737,
                                    331.7018
                                ],
                                "text": "At 31 March 2026",
                                "html_text": "At 31 March 2026",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
                                    97.0737,
                                    312,
                                    154.0756,
                                    331.7018
                                ],
                                "text": "70,925",
                                "html_text": "70,925",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    154.0756,
                                    312,
                                    211.0774,
                                    331.7018
                                ],
                                "text": "30,059",
                                "html_text": "30,059",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    211.0774,
                                    312,
                                    268.0793,
                                    331.7018
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    268.0793,
                                    312,
                                    325.0811,
                                    331.7018
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    325.0811,
                                    312,
                                    382.083,
                                    331.7018
                                ],
                                "text": "56",
                                "html_text": "56",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    382.083,
                                    312,
                                    439.0848,
                                    331.7018
                                ],
                                "text": "49",
                                "html_text": "49",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                            },
                            {
                                "location": [
                                    439.0848,
                                    312,
                                    496.0867,
                                    331.7018
                                ],
                                "text": "550",
                                "html_text": "550",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    496.0867,
                                    312,
                                    553.0885,
                                    331.7018
                                ],
                                "text": "101,639",
                                "html_text": "101,639",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                "text": "Land and Buildings held for industrial and commercial use were valued at 31 March 2026 by Graham & Sibbald, Chartered Surveyors, on a fair value basis as defined in the Valuation Standards (The Global Red Book) issued by The Royal Institution of Chartered Surveyors and had a total value of £101m (2025: £98m).",
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                "text": "Assets under construction are held at cost less any impairment charges.",
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                "text": "<table><tr><td colspan=\"9\">SCOTTISH ENTERPRISE</td></tr><tr><td>For the year ended 31 March 2025</td><td>Land</td><td>Buildings</td><td>Assets Under Construction</td><td>Plant and Equipment</td><td>Information Technology</td><td>Furniture &amp; Fittings</td><td>Leasehold Improvements</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td colspan=\"9\">Cost and valuation</td></tr><tr><td>At 1 April 2024</td><td>70,198</td><td>27,697</td><td>-</td><td>58</td><td>3,332</td><td>1,023</td><td>12,427</td><td>114,735</td></tr><tr><td>Additions</td><td>474</td><td>76</td><td>181</td><td>-</td><td>61</td><td>61</td><td>89</td><td>942</td></tr><tr><td>Disposals</td><td>(426)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>(135)</td><td>-</td><td>(561)</td></tr><tr><td>Transfers from/(to) Held for Sale</td><td>(380)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>(380)</td></tr><tr><td>Revaluation</td><td>1,121</td><td>(335)</td><td>(181)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>605</td></tr><tr><td>At 31 March 2025</td><td>70,987</td><td>27,438</td><td>-</td><td>58</td><td>3,393</td><td>949</td><td>12,516</td><td>115,341</td></tr><tr><td colspan=\"9\">Depreciation</td></tr><tr><td>At 1 April 2024</td><td>-</td><td>-</td><td>-</td><td>58</td><td>2,978</td><td>998</td><td>11,482</td><td>15,516</td></tr><tr><td>Charge for year</td><td>-</td><td>996</td><td>-</td><td>-</td><td>369</td><td>35</td><td>410</td><td>1,810</td></tr><tr><td>Disposals</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>(135)</td><td>-</td><td>(135)</td></tr><tr><td>Revaluation</td><td>-</td><td>(996)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>(996)</td></tr><tr><td>At 31 March 2025</td><td>-</td><td>-</td><td>-</td><td>58</td><td>3,347</td><td>898</td><td>11,892</td><td>16,195</td></tr><tr><td colspan=\"9\">Net book value</td></tr><tr><td>At 31 March 2025</td><td>70,987</td><td>27,438</td><td>-</td><td>-</td><td>46</td><td>51</td><td>624</td><td>99,146</td></tr><tr><td>At 31 March 2024</td><td>70,198</td><td>27,697</td><td>-</td><td>-</td><td>354</td><td>25</td><td>945</td><td>99,219</td></tr><tr><td colspan=\"9\">Asset financing:</td></tr><tr><td>Owned</td><td>70,987</td><td>27,438</td><td>-</td><td>-</td><td>46</td><td>51</td><td>624</td><td>99,146</td></tr><tr><td>At 31 March 2025</td><td>70,987</td><td>27,438</td><td>-</td><td>-</td><td>46</td><td>51</td><td>624</td><td>99,146</td></tr></table>",
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                                "rowspan": 1,
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                                "html_text": "Plant and Equipment",
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                                "html_text": "Information Technology",
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                                "html_text": "Furniture & Fittings",
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                                "location": [
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                                "html_text": "(135)",
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                                "text": "(380)",
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                                "text": "605",
                                "html_text": "605",
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                                "text": "70,987",
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                                "text": "27,438",
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                                "text": "-",
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                                "html_text": "58",
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                                "location": [
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                                    383.2827,
                                    567.8945
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                                "text": "3,393",
                                "html_text": "3,393",
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                                "rowspan": 1,
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                                "location": [
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                                "html_text": "949",
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                                "text": "58",
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                                "location": [
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                                "text": "51",
                                "html_text": "51",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    440.5245,
                                    332.1273,
                                    497.7663,
                                    351.7745
                                ],
                                "text": "624",
                                "html_text": "624",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    497.7663,
                                    332.1273,
                                    555.0081,
                                    351.7745
                                ],
                                "text": "99,146",
                                "html_text": "99,146",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                        ],
                        "ref": "#/tables/0"
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                                "location": [
                                    39.832,
                                    312.48,
                                    97.0738,
                                    332.1273
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                                "text": "At 31 March 2025",
                                "html_text": "At 31 March 2025",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    97.0738,
                                    312.48,
                                    154.3156,
                                    332.1273
                                ],
                                "text": "70,987",
                                "html_text": "70,987",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    154.3156,
                                    312.48,
                                    211.5574,
                                    332.1273
                                ],
                                "text": "27,438",
                                "html_text": "27,438",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    211.5574,
                                    312.48,
                                    268.7992,
                                    332.1273
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    268.7992,
                                    312.48,
                                    326.0409,
                                    332.1273
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    326.0409,
                                    312.48,
                                    383.2827,
                                    332.1273
                                ],
                                "text": "46",
                                "html_text": "46",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    383.2827,
                                    312.48,
                                    440.5245,
                                    332.1273
                                ],
                                "text": "51",
                                "html_text": "51",
                                "links": [],
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                                "colspan": 1,
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                            },
                            {
                                "location": [
                                    440.5245,
                                    312.48,
                                    497.7663,
                                    332.1273
                                ],
                                "text": "624",
                                "html_text": "624",
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                                "colspan": 1,
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                                "location": [
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                                    312.48,
                                    555.0081,
                                    332.1273
                                ],
                                "text": "99,146",
                                "html_text": "99,146",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                "page": 153,
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                "text": "6. Right of Use Assets",
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                "text": "<table><tr><td colspan=\"4\">GROUP</td><td colspan=\"3\">SCOTTISH ENTERPRISE</td></tr><tr><td>For the year ended 31 March 2026</td><td>Property</td><td>Non-Property</td><td>Total</td><td>Property</td><td>Non-Property</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Cost and valuation</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>At 1 April 2025</td><td>7,100</td><td>128</td><td>7,228</td><td>5,128</td><td>92</td><td>5,220</td></tr><tr><td>Additions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disposals</td><td>(4)</td><td>(37)</td><td>(41)</td><td>(4)</td><td>-</td><td>(4)</td></tr><tr><td>Remeasurement</td><td>4,091</td><td>9</td><td>4,100</td><td>4,059</td><td>8</td><td>4,067</td></tr><tr><td>At 31 March 2026</td><td>11,187</td><td>100</td><td>11,287</td><td>9,183</td><td>100</td><td>9,283</td></tr><tr><td>Depreciation</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>At 1 April 2025</td><td>5,118</td><td>102</td><td>5,220</td><td>3,650</td><td>83</td><td>3,733</td></tr><tr><td>Charge for year</td><td>1,615</td><td>30</td><td>1,645</td><td>1,116</td><td>12</td><td>1,128</td></tr><tr><td>Remeasurement</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disposals</td><td>(4)</td><td>(37)</td><td>(41)</td><td>(4)</td><td>-</td><td>(4)</td></tr><tr><td>At 31 March 2026</td><td>6,729</td><td>95</td><td>6,824</td><td>4,762</td><td>95</td><td>4,857</td></tr><tr><td>Carrying Amount</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>At 31 March 2026</td><td>4,458</td><td>5</td><td>4,463</td><td>4,421</td><td>5</td><td>4,426</td></tr><tr><td>At 31 March 2025</td><td>1,982</td><td>26</td><td>2,008</td><td>1,478</td><td>9</td><td>1,487</td></tr><tr><td>Asset financing:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Owned</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finance Leased</td><td>4,458</td><td>5</td><td>4,463</td><td>4,421</td><td>5</td><td>4,426</td></tr><tr><td>At 31 March 2026</td><td>4,458</td><td>5</td><td>4,463</td><td>4,421</td><td>5</td><td>4,426</td></tr></table>",
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                                "text": "SCOTTISH ENTERPRISE",
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                                "colspan": 3,
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                                "text": "Property",
                                "html_text": "Property",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "Non-Property",
                                "html_text": "Non-Property",
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                                    260.7246,
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                                "text": "Total",
                                "html_text": "Total",
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                                "text": "Property",
                                "html_text": "Property",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
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                                "text": "Non-Property",
                                "html_text": "Non-Property",
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                                "text": "Total",
                                "html_text": "Total",
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                                "colspan": 1,
                                "column_header": true,
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                                "location": [
                                    39.832,
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                                    113.4629,
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
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                                "html_text": "£000",
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                                "colspan": 1,
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 1,
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "",
                                "links": [],
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                                "colspan": 1,
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 3,
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "html_text": "",
                                "links": [],
                                "cell_header_index": 4,
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    481.6172,
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                                "text": "",
                                "html_text": "",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    648.3382
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "column_header": false,
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                                "text": "7,100",
                                "html_text": "7,100",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    260.7246,
                                    631.8109
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                                "text": "128",
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                                "text": "4,426",
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                "text": "<table><tr><td colspan=\"4\">GROUP</td><td colspan=\"3\">SCOTTISH ENTERPRISE</td></tr><tr><td>For the year ended 31 March 2025</td><td>Property</td><td>Non-Property</td><td>Total</td><td>Property</td><td>Non-Property</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td colspan=\"7\">Cost and valuation</td></tr><tr><td>At 1 April 2024</td><td>7,239</td><td>128</td><td>7,367</td><td>5,267</td><td>92</td><td>5,359</td></tr><tr><td>Additions</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disposals</td><td>(115)</td><td>-</td><td>(115)</td><td>(115)</td><td>-</td><td>(115)</td></tr><tr><td>Remeasurement</td><td>(24)</td><td>-</td><td>(24)</td><td>(24)</td><td>-</td><td>(24)</td></tr><tr><td>At 31 March 2025</td><td>7,100</td><td>128</td><td>7,228</td><td>5,128</td><td>92</td><td>5,220</td></tr><tr><td colspan=\"7\">Depreciation</td></tr><tr><td>At 1 April 2024</td><td>3,552</td><td>80</td><td>3,632</td><td>2,587</td><td>68</td><td>2,655</td></tr><tr><td>Charge for year</td><td>1,681</td><td>22</td><td>1,703</td><td>1,178</td><td>15</td><td>1,193</td></tr><tr><td>Remeasurement</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disposals</td><td>(115)</td><td>-</td><td>(115)</td><td>(115)</td><td>-</td><td>(115)</td></tr><tr><td>At 31 March 2025</td><td>5,118</td><td>102</td><td>5,220</td><td>3,650</td><td>83</td><td>3,733</td></tr><tr><td colspan=\"7\">Carrying Amount</td></tr><tr><td>At 31 March 2025</td><td>1,982</td><td>26</td><td>2,008</td><td>1,478</td><td>9</td><td>1,487</td></tr><tr><td>At 31 March 2024</td><td>3,687</td><td>48</td><td>3,735</td><td>2,680</td><td>24</td><td>2,704</td></tr><tr><td colspan=\"7\">Asset financing:</td></tr><tr><td>Owned</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Finance Leased</td><td>1,982</td><td>26</td><td>2,008</td><td>1,478</td><td>9</td><td>1,487</td></tr><tr><td>At 31 March 2025</td><td>1,982</td><td>26</td><td>2,008</td><td>1,478</td><td>9</td><td>1,487</td></tr></table>",
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                                    260.1418,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "Cost and valuation",
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                                "location": [
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                                "html_text": "At 1 April 2024",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    186.7852,
                                    679.4618
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                                "text": "7,239",
                                "html_text": "7,239",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    186.7852,
                                    663.0873,
                                    260.1418,
                                    679.4618
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                                "text": "128",
                                "html_text": "128",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    333.4985,
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                                "text": "7,367",
                                "html_text": "7,367",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    333.4985,
                                    663.0873,
                                    406.8551,
                                    679.4618
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                                "text": "5,267",
                                "html_text": "5,267",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                            {
                                "location": [
                                    406.8551,
                                    663.0873,
                                    480.2118,
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                                "text": "92",
                                "html_text": "92",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    553.5684,
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                                "text": "5,359",
                                "html_text": "5,359",
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                                "rowspan": 1,
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                                "text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "(115)",
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                                "text": "(115)",
                                "html_text": "(115)",
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                                "colspan": 1,
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                                "text": "(24)",
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                                "html_text": "(24)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "(24)",
                                "html_text": "(24)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    406.8551,
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                                    480.2118,
                                    630.3382
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    480.2118,
                                    613.9636,
                                    553.5684,
                                    630.3382
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                                "text": "(24)",
                                "html_text": "(24)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    597.5891,
                                    186.7852,
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                                "text": "7,100",
                                "html_text": "7,100",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    186.7852,
                                    597.5891,
                                    260.1418,
                                    613.9636
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                                "text": "128",
                                "html_text": "128",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    333.4985,
                                    613.9636
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                                "text": "7,228",
                                "html_text": "7,228",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    597.5891,
                                    406.8551,
                                    613.9636
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                                "text": "5,128",
                                "html_text": "5,128",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    480.2118,
                                    613.9636
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                                "text": "92",
                                "html_text": "92",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    597.5891,
                                    553.5684,
                                    613.9636
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                                "text": "5,220",
                                "html_text": "5,220",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    466.5927
                                ],
                                "text": "At 31 March 2024",
                                "html_text": "At 31 March 2024",
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                            {
                                "location": [
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                                "text": "3,687",
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                            {
                                "location": [
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                                    450.2182,
                                    260.1418,
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                                "text": "48",
                                "html_text": "48",
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                            {
                                "location": [
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                                    450.2182,
                                    333.4985,
                                    466.5927
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                                "text": "3,735",
                                "html_text": "3,735",
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                            {
                                "location": [
                                    333.4985,
                                    450.2182,
                                    406.8551,
                                    466.5927
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                                "text": "2,680",
                                "html_text": "2,680",
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                                "html_text": "2,704",
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                                "html_text": "-",
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                                "text": "-",
                                "html_text": "-",
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                                "colspan": 1,
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                                "text": "-",
                                "html_text": "-",
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                                "colspan": 1,
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                                "html_text": "Finance Leased",
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                                "location": [
                                    113.4285,
                                    401.0945,
                                    186.7852,
                                    417.4691
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                                "text": "1,982",
                                "html_text": "1,982",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    186.7852,
                                    401.0945,
                                    260.1418,
                                    417.4691
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                                "text": "26",
                                "html_text": "26",
                                "links": [],
                                "cell_header_index": 2,
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                                "colspan": 1,
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                                "location": [
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                                    333.4985,
                                    417.4691
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                                "text": "2,008",
                                "html_text": "2,008",
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                                "rowspan": 1,
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                            {
                                "location": [
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                                    406.8551,
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                                "text": "1,478",
                                "html_text": "1,478",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "text": "9",
                                "html_text": "9",
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                                "colspan": 1,
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                                "location": [
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                                    401.0945,
                                    553.5684,
                                    417.4691
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                                "text": "1,487",
                                "html_text": "1,487",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    186.7852,
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                                "html_text": "1,982",
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                                "html_text": "26",
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                                "colspan": 1,
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                                "location": [
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                                "text": "2,008",
                                "html_text": "2,008",
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                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    406.8551,
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                                "text": "1,478",
                                "html_text": "1,478",
                                "links": [],
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                                "rowspan": 1,
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                "text": "<table><tr><td colspan=\"6\">GROUP</td></tr><tr><td>For the year ended 31 March 2026</td><td>Development Costs</td><td>Software Development Under Construction</td><td>Patents and other rights</td><td>Software Licences</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Cost</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>At 1 April 2025</td><td>2,811</td><td>434</td><td>102</td><td>9</td><td>3,356</td></tr><tr><td>Reclassification</td><td>296</td><td>(296)</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disposals</td><td>(99)</td><td>-</td><td>-</td><td>-</td><td>(99)</td></tr><tr><td>Impairment</td><td>-</td><td>(138)</td><td>-</td><td>-</td><td>(138)</td></tr><tr><td>At 31 March 2026</td><td>3,008</td><td>-</td><td>102</td><td>9</td><td>3,119</td></tr><tr><td>Amortisation</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>At 1 April 2025</td><td>2,680</td><td>-</td><td>102</td><td>9</td><td>2,791</td></tr><tr><td>Charge for Year</td><td>213</td><td>-</td><td>-</td><td>-</td><td>213</td></tr><tr><td>Disposals</td><td>(99)</td><td>-</td><td>-</td><td>-</td><td>(99)</td></tr><tr><td>At 31 March 2026</td><td>2,794</td><td>-</td><td>102</td><td>9</td><td>2,905</td></tr><tr><td>Net book value</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>At 31 March 2026</td><td>214</td><td>-</td><td>-</td><td>-</td><td>214</td></tr><tr><td>At 31 March 2025</td><td>131</td><td>434</td><td>-</td><td>-</td><td>565</td></tr><tr><td>Non-Current Intangible Assets</td><td>214</td><td>-</td><td>-</td><td>-</td><td>214</td></tr><tr><td>Current Intangible Assets</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total Intangible Assets at 31 March 2026</td><td>214</td><td>-</td><td>-</td><td>-</td><td>214</td></tr></table>",
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                                "html_text": "£000",
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                                "html_text": "102",
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                                "text": "434",
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                                "html_text": "565",
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                                    382.3229,
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                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                    467.9457,
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                                "html_text": "-",
                                "links": [],
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                                "colspan": 1,
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                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "131",
                                "html_text": "131",
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                                "html_text": "434",
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                "text": "<table><tr><td colspan=\"4\">SCOTTISH ENTERPRISE</td></tr><tr><td>For the year ended 31 March 2026</td><td>Software Development Costs</td><td>Software Development Under Construction</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Cost</td><td></td><td></td><td></td></tr><tr><td>At 1 April 2025</td><td>2,811</td><td>434</td><td>3,245</td></tr><tr><td>Reclassification</td><td>296</td><td>(296)</td><td>-</td></tr><tr><td>Disposals</td><td>(99)</td><td>-</td><td>(99)</td></tr><tr><td>Impairment</td><td>-</td><td>(138)</td><td>(138)</td></tr><tr><td>At 31 March 2026</td><td>3,008</td><td>-</td><td>3,008</td></tr><tr><td>Amortisation</td><td></td><td></td><td></td></tr><tr><td>At 1 April 2025</td><td>2,680</td><td>-</td><td>2,680</td></tr><tr><td>Charge for Year</td><td>213</td><td>-</td><td>213</td></tr><tr><td>Disposals</td><td>(99)</td><td>-</td><td>(99)</td></tr><tr><td>At 31 March 2026</td><td>2,794</td><td>-</td><td>2,794</td></tr><tr><td>Net book value</td><td></td><td></td><td></td></tr><tr><td>At 31 March 2026</td><td>214</td><td>-</td><td>214</td></tr><tr><td>At 31 March 2025</td><td>131</td><td>434</td><td>565</td></tr><tr><td>Non-Current Intangible Assets</td><td>214</td><td>-</td><td>214</td></tr><tr><td>Current Intangible Assets</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total Intangible Assets at 31 March 2026</td><td>214</td><td>-</td><td>214</td></tr></table>",
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                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    530.616,
                                    425.1343,
                                    547.104
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    530.616,
                                    553.5684,
                                    547.104
                                ],
                                "text": "(99)",
                                "html_text": "(99)",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                        ],
                        "ref": "#/tables/0"
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                    {
                        "row_index": 13,
                        "location": [
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                        "cells": [
                            {
                                "location": [
                                    39.832,
                                    514.128,
                                    168.2661,
                                    530.616
                                ],
                                "text": "At 31 March 2026",
                                "html_text": "At 31 March 2026",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
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                            },
                            {
                                "location": [
                                    168.2661,
                                    514.128,
                                    296.7002,
                                    530.616
                                ],
                                "text": "2,794",
                                "html_text": "2,794",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    514.128,
                                    425.1343,
                                    530.616
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    514.128,
                                    553.5684,
                                    530.616
                                ],
                                "text": "2,794",
                                "html_text": "2,794",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
                                    39.832,
                                    497.64,
                                    168.2661,
                                    514.128
                                ],
                                "text": "Net book value",
                                "html_text": "Net book value",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
                                    168.2661,
                                    497.64,
                                    296.7002,
                                    514.128
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
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                            {
                                "location": [
                                    296.7002,
                                    497.64,
                                    425.1343,
                                    514.128
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    497.64,
                                    553.5684,
                                    514.128
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 15,
                        "location": [
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                        "cells": [
                            {
                                "location": [
                                    39.832,
                                    481.152,
                                    168.2661,
                                    497.64
                                ],
                                "text": "At 31 March 2026",
                                "html_text": "At 31 March 2026",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    168.2661,
                                    481.152,
                                    296.7002,
                                    497.64
                                ],
                                "text": "214",
                                "html_text": "214",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    481.152,
                                    425.1343,
                                    497.64
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    481.152,
                                    553.5684,
                                    497.64
                                ],
                                "text": "214",
                                "html_text": "214",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 16,
                        "location": [
                            39.832,
                            464.664,
                            553.5684,
                            481.152
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                        "cells": [
                            {
                                "location": [
                                    39.832,
                                    464.664,
                                    168.2661,
                                    481.152
                                ],
                                "text": "At 31 March 2025",
                                "html_text": "At 31 March 2025",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    168.2661,
                                    464.664,
                                    296.7002,
                                    481.152
                                ],
                                "text": "131",
                                "html_text": "131",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    464.664,
                                    425.1343,
                                    481.152
                                ],
                                "text": "434",
                                "html_text": "434",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    464.664,
                                    553.5684,
                                    481.152
                                ],
                                "text": "565",
                                "html_text": "565",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 17,
                        "location": [
                            39.832,
                            448.176,
                            553.5684,
                            464.664
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                            {
                                "location": [
                                    39.832,
                                    448.176,
                                    168.2661,
                                    464.664
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                                "text": "Non-Current Intangible Assets",
                                "html_text": "Non-Current Intangible Assets",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    168.2661,
                                    448.176,
                                    296.7002,
                                    464.664
                                ],
                                "text": "214",
                                "html_text": "214",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    448.176,
                                    425.1343,
                                    464.664
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    448.176,
                                    553.5684,
                                    464.664
                                ],
                                "text": "214",
                                "html_text": "214",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 18,
                        "location": [
                            39.832,
                            431.688,
                            553.5684,
                            448.176
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                            {
                                "location": [
                                    39.832,
                                    431.688,
                                    168.2661,
                                    448.176
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                                "text": "Current Intangible Assets",
                                "html_text": "Current Intangible Assets",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    168.2661,
                                    431.688,
                                    296.7002,
                                    448.176
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    431.688,
                                    425.1343,
                                    448.176
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    431.688,
                                    553.5684,
                                    448.176
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 19,
                        "location": [
                            39.832,
                            415.2,
                            553.5684,
                            431.688
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                                "location": [
                                    39.832,
                                    415.2,
                                    168.2661,
                                    431.688
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                                "text": "Total Intangible Assets at 31 March 2026",
                                "html_text": "Total Intangible Assets at 31 March 2026",
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
                                    168.2661,
                                    415.2,
                                    296.7002,
                                    431.688
                                ],
                                "text": "214",
                                "html_text": "214",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.7002,
                                    415.2,
                                    425.1343,
                                    431.688
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.1343,
                                    415.2,
                                    553.5684,
                                    431.688
                                ],
                                "text": "214",
                                "html_text": "214",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
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                "text": "<table><tr><td colspan=\"4\">SCOTTISH ENTERPRISE</td></tr><tr><td>For the year ended 31 March 2025</td><td>Software Development Costs</td><td>Software Development Under Construction</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Cost</td><td></td><td></td><td></td></tr><tr><td>At 1 April 2024</td><td>2,614</td><td>631</td><td>3,245</td></tr><tr><td>Reclassification</td><td>197</td><td>(197)</td><td>-</td></tr><tr><td>At 31 March 2025</td><td>2,811</td><td>434</td><td>3,245</td></tr><tr><td>Amortisation</td><td></td><td></td><td></td></tr><tr><td>At 1 April 2024</td><td>2,515</td><td>-</td><td>2,515</td></tr><tr><td>Charge for Year</td><td>165</td><td>-</td><td>165</td></tr><tr><td>At 31 March 2025</td><td>2,680</td><td>-</td><td>2,680</td></tr><tr><td>Net book value</td><td></td><td></td><td></td></tr><tr><td>At 31 March 2025</td><td>131</td><td>434</td><td>565</td></tr><tr><td>At 31 March 2024</td><td>99</td><td>631</td><td>730</td></tr><tr><td>Non-Current Intangible Assets</td><td>131</td><td>434</td><td>565</td></tr><tr><td>Current Intangible Assets</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total Intangible Assets at 31 March 2025</td><td>131</td><td>434</td><td>565</td></tr></table>",
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                                "text": "SCOTTISH ENTERPRISE",
                                "html_text": "SCOTTISH ENTERPRISE",
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                                "rowspan": 1,
                                "colspan": 4,
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                                "location": [
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                                    710.8376,
                                    168.0861,
                                    727.5388
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                                "text": "For the year ended 31 March 2025",
                                "html_text": "For the year ended 31 March 2025",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
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                                "location": [
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                                "text": "Software Development Costs",
                                "html_text": "Software Development Costs",
                                "links": [],
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                                "colspan": 1,
                                "column_header": true,
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                            {
                                "location": [
                                    296.5802,
                                    710.8376,
                                    425.0743,
                                    727.5388
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                                "text": "Software Development Under Construction",
                                "html_text": "Software Development Under Construction",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                                    425.0743,
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                                    553.5684,
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                                "text": "Total",
                                "html_text": "Total",
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                                "colspan": 1,
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                            {
                                "location": [
                                    39.592,
                                    694.1365,
                                    168.0861,
                                    710.8376
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
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                                    694.1365,
                                    296.5802,
                                    710.8376
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    296.5802,
                                    694.1365,
                                    425.0743,
                                    710.8376
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    425.0743,
                                    694.1365,
                                    553.5684,
                                    710.8376
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                                "html_text": "% Interest",
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                                "text": "Scottish Enterprise / Calachem Limited",
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                                "location": [
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                                    298.1399,
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                                "html_text": "",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "Property development",
                                "html_text": "Property development",
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                                "text": "60.00",
                                "html_text": "60.00",
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                "type": "TITLE",
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                    "r": 469.1054,
                    "b": 394.8
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                "text": "Change in Shareholding and Control",
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                                "text": "Current Assets",
                                "html_text": "Current Assets",
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                                "text": "Non-current assets",
                                "html_text": "Non-current assets",
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                                "text": "Total Assets",
                                "html_text": "Total Assets",
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                                "location": [
                                    245.1826,
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                                    296.4602,
                                    209.52
                                ],
                                "text": "Liabilities",
                                "html_text": "Liabilities",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
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                                "location": [
                                    296.4602,
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                                "text": "Non-Current Liabilities",
                                "html_text": "Non-Current Liabilities",
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                                "location": [
                                    347.7379,
                                    183.456,
                                    399.0156,
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                                "text": "Total Liabilities",
                                "html_text": "Total Liabilities",
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                                    399.0156,
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                                    450.2933,
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                                "html_text": "Revenue",
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                                    501.5709,
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                                "html_text": "Expenses",
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                                "text": "Profit / (Loss)",
                                "html_text": "Profit / (Loss)",
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                            {
                                "location": [
                                    40.0719,
                                    157.392,
                                    91.3496,
                                    183.456
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            {
                                "location": [
                                    91.3496,
                                    157.392,
                                    142.6272,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "ref": "#/tables/1"
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                            {
                                "location": [
                                    142.6272,
                                    157.392,
                                    193.9049,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    193.9049,
                                    157.392,
                                    245.1826,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    245.1826,
                                    157.392,
                                    296.4602,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    296.4602,
                                    157.392,
                                    347.7379,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    347.7379,
                                    157.392,
                                    399.0156,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    399.0156,
                                    157.392,
                                    450.2933,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    450.2933,
                                    157.392,
                                    501.5709,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    501.5709,
                                    157.392,
                                    552.8486,
                                    183.456
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 9,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 2,
                        "location": [
                            40.0719,
                            131.328,
                            552.8486,
                            157.392
                        ],
                        "cells": [
                            {
                                "location": [
                                    40.0719,
                                    131.328,
                                    91.3496,
                                    157.392
                                ],
                                "text": "At 31 March 2024",
                                "html_text": "At 31 March 2024",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    91.3496,
                                    131.328,
                                    142.6272,
                                    157.392
                                ],
                                "text": "47,739",
                                "html_text": "47,739",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    142.6272,
                                    131.328,
                                    193.9049,
                                    157.392
                                ],
                                "text": "18,573",
                                "html_text": "18,573",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    193.9049,
                                    131.328,
                                    245.1826,
                                    157.392
                                ],
                                "text": "66,312",
                                "html_text": "66,312",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    245.1826,
                                    131.328,
                                    296.4602,
                                    157.392
                                ],
                                "text": "(14,671)",
                                "html_text": "(14,671)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    296.4602,
                                    131.328,
                                    347.7379,
                                    157.392
                                ],
                                "text": "(37,882)",
                                "html_text": "(37,882)",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    347.7379,
                                    131.328,
                                    399.0156,
                                    157.392
                                ],
                                "text": "(52,553)",
                                "html_text": "(52,553)",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    399.0156,
                                    131.328,
                                    450.2933,
                                    157.392
                                ],
                                "text": "21,777",
                                "html_text": "21,777",
                                "links": [],
                                "cell_header_index": 7,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    450.2933,
                                    131.328,
                                    501.5709,
                                    157.392
                                ],
                                "text": "(22,801)",
                                "html_text": "(22,801)",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    501.5709,
                                    131.328,
                                    552.8486,
                                    157.392
                                ],
                                "text": "(1,024)",
                                "html_text": "(1,024)",
                                "links": [],
                                "cell_header_index": 9,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 3,
                        "location": [
                            40.0719,
                            105.264,
                            552.8486,
                            131.328
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                        "cells": [
                            {
                                "location": [
                                    40.0719,
                                    105.264,
                                    91.3496,
                                    131.328
                                ],
                                "text": "At 31 March 2025",
                                "html_text": "At 31 March 2025",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    91.3496,
                                    105.264,
                                    142.6272,
                                    131.328
                                ],
                                "text": "42,419",
                                "html_text": "42,419",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    142.6272,
                                    105.264,
                                    193.9049,
                                    131.328
                                ],
                                "text": "380",
                                "html_text": "380",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    193.9049,
                                    105.264,
                                    245.1826,
                                    131.328
                                ],
                                "text": "42,799",
                                "html_text": "42,799",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    245.1826,
                                    105.264,
                                    296.4602,
                                    131.328
                                ],
                                "text": "(7,937)",
                                "html_text": "(7,937)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    296.4602,
                                    105.264,
                                    347.7379,
                                    131.328
                                ],
                                "text": "(34,917)",
                                "html_text": "(34,917)",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    347.7379,
                                    105.264,
                                    399.0156,
                                    131.328
                                ],
                                "text": "(42,854)",
                                "html_text": "(42,854)",
                                "links": [],
                                "cell_header_index": 6,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                    450.2933,
                                    131.328
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                                "text": "13,075",
                                "html_text": "13,075",
                                "links": [],
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                                "colspan": 1,
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                            {
                                "location": [
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                                    105.264,
                                    501.5709,
                                    131.328
                                ],
                                "text": "(14,211)",
                                "html_text": "(14,211)",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    501.5709,
                                    105.264,
                                    552.8486,
                                    131.328
                                ],
                                "text": "(1,136)",
                                "html_text": "(1,136)",
                                "links": [],
                                "cell_header_index": 9,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    79.2,
                                    91.3496,
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                                "html_text": "At 31 March 2026",
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                                "location": [
                                    91.3496,
                                    79.2,
                                    142.6272,
                                    105.264
                                ],
                                "text": "23,044",
                                "html_text": "23,044",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
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                            {
                                "location": [
                                    142.6272,
                                    79.2,
                                    193.9049,
                                    105.264
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                                "text": "418",
                                "html_text": "418",
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                                "location": [
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                                    79.2,
                                    245.1826,
                                    105.264
                                ],
                                "text": "23,462",
                                "html_text": "23,462",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    245.1826,
                                    79.2,
                                    296.4602,
                                    105.264
                                ],
                                "text": "(7,826)",
                                "html_text": "(7,826)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    296.4602,
                                    79.2,
                                    347.7379,
                                    105.264
                                ],
                                "text": "(15,763)",
                                "html_text": "(15,763)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    347.7379,
                                    79.2,
                                    399.0156,
                                    105.264
                                ],
                                "text": "(23,589)",
                                "html_text": "(23,589)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    399.0156,
                                    79.2,
                                    450.2933,
                                    105.264
                                ],
                                "text": "29,183",
                                "html_text": "29,183",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    450.2933,
                                    79.2,
                                    501.5709,
                                    105.264
                                ],
                                "text": "(29,255)",
                                "html_text": "(29,255)",
                                "links": [],
                                "cell_header_index": 8,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    501.5709,
                                    79.2,
                                    552.8486,
                                    105.264
                                ],
                                "text": "(72)",
                                "html_text": "(72)",
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                                "rowspan": 1,
                                "colspan": 1,
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                "text": "Movements in carrying amount of investment in equity accounted investees:",
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                                "text": "228",
                                "html_text": "228",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "4,718",
                                "html_text": "4,718",
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                                "html_text": "Share of (losses) / profit",
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                                "row_header": true,
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                            {
                                "location": [
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                                    639.84,
                                    382.6429,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "(286)",
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                                "text": "Revaluation",
                                "html_text": "Revaluation",
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                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
                                    212.1972,
                                    620.4,
                                    382.6429,
                                    639.84
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "text": "33",
                                "html_text": "33",
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                                "colspan": 1,
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                                "text": "Disposal",
                                "html_text": "Disposal",
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                            {
                                "location": [
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                                    600.96,
                                    382.6429,
                                    620.4
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    382.6429,
                                    600.96,
                                    553.0885,
                                    620.4
                                ],
                                "text": "(2,118)",
                                "html_text": "(2,118)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    41.7516,
                                    581.52,
                                    212.1972,
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                                "text": "Reclassification to Financial Assets",
                                "html_text": "Reclassification to Financial Assets",
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                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
                                    212.1972,
                                    581.52,
                                    382.6429,
                                    600.96
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    581.52,
                                    553.0885,
                                    600.96
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                                "text": "(2,119)",
                                "html_text": "(2,119)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "At 31 March",
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                                "column_header": false,
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                                "location": [
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                                    382.6429,
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                                "text": "228",
                                "html_text": "228",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    553.0885,
                                    581.52
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                                "text": "228",
                                "html_text": "228",
                                "links": [],
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                "text": "9. Financial Assets – Other Investments",
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                                "html_text": "2025",
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                                "html_text": "",
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                                "html_text": "£000",
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                                "html_text": "£000",
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                                "html_text": "£000",
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                                "html_text": "",
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                                "colspan": 1,
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                                "html_text": "",
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                                "html_text": "",
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                                "html_text": "339,067",
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                                "text": "414,786",
                                "html_text": "414,786",
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                                "html_text": "336,802",
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                                "html_text": "412,675",
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                                "html_text": "Amortised cost",
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                                "html_text": "76,957",
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                                "html_text": "76,957",
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                                "html_text": "61,297",
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                                "rowspan": 1,
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                                    245.1346,
                                    359.28
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                                "html_text": "(34,160)",
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                                "html_text": "(24,194)",
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                                "html_text": "(34,160)",
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                                "html_text": "(24,194)",
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                                "text": "381,864",
                                "html_text": "381,864",
                                "links": [],
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                                "html_text": "451,889",
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                                    327.6,
                                    450.4372,
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                                "text": "379,599",
                                "html_text": "379,599",
                                "links": [],
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                                "rowspan": 1,
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                                "column_header": false,
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                                "location": [
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                                "text": "449,778",
                                "html_text": "449,778",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "Current Other Investments",
                                "links": [],
                                "cell_header_index": 0,
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "Amortised cost",
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                                "colspan": 1,
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                                    295.92,
                                    245.1346,
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                                "text": "9,619",
                                "html_text": "9,619",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    295.92,
                                    347.7859,
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                                ],
                                "text": "21,769",
                                "html_text": "21,769",
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                                ],
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                                "html_text": "9,619",
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                                "location": [
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                                ],
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                                "html_text": "21,769",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    245.1346,
                                    295.92
                                ],
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                                "html_text": "(911)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    280.08,
                                    347.7859,
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                                ],
                                "text": "(2,450)",
                                "html_text": "(2,450)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    347.7859,
                                    280.08,
                                    450.4372,
                                    295.92
                                ],
                                "text": "(911)",
                                "html_text": "(911)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    450.4372,
                                    280.08,
                                    553.0885,
                                    295.92
                                ],
                                "text": "(2,450)",
                                "html_text": "(2,450)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    39.832,
                                    264.24,
                                    142.4833,
                                    280.08
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                            },
                            {
                                "location": [
                                    142.4833,
                                    264.24,
                                    245.1346,
                                    280.08
                                ],
                                "text": "8,708",
                                "html_text": "8,708",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    245.1346,
                                    264.24,
                                    347.7859,
                                    280.08
                                ],
                                "text": "19,319",
                                "html_text": "19,319",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    347.7859,
                                    264.24,
                                    450.4372,
                                    280.08
                                ],
                                "text": "8,708",
                                "html_text": "8,708",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                            },
                            {
                                "location": [
                                    450.4372,
                                    264.24,
                                    553.0885,
                                    280.08
                                ],
                                "text": "19,319",
                                "html_text": "19,319",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                        ],
                        "ref": "#/tables/1"
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                    {
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                                    248.4,
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                                "text": "Total Other Investments",
                                "html_text": "Total Other Investments",
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                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    142.4833,
                                    248.4,
                                    245.1346,
                                    264.24
                                ],
                                "text": "390,572",
                                "html_text": "390,572",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    245.1346,
                                    248.4,
                                    347.7859,
                                    264.24
                                ],
                                "text": "471,208",
                                "html_text": "471,208",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    347.7859,
                                    248.4,
                                    450.4372,
                                    264.24
                                ],
                                "text": "388,307",
                                "html_text": "388,307",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    450.4372,
                                    248.4,
                                    553.0885,
                                    264.24
                                ],
                                "text": "469,097",
                                "html_text": "469,097",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                "text": "<table><tr><td colspan=\"3\">Subsidiary Undertakings</td></tr><tr><td>Limited by shares</td><td>Nature of Business</td><td>% of Voting rights</td></tr><tr><td>Glasgow Science Centre Limited (i)</td><td>Visitor attraction operator</td><td>100</td></tr><tr><td>Glasgow Science Centre (Trading) Limited (i)</td><td>Commercial operations management</td><td>100</td></tr><tr><td>Loch Lomond Shores Management Company Limited</td><td>Property management</td><td>100</td></tr><tr><td>Scotland Europa Limited</td><td>Business services</td><td>100</td></tr><tr><td>SCTR Limited</td><td>Business incubator</td><td>100</td></tr><tr><td>GDA Investments Limited</td><td>Dormant</td><td>100</td></tr><tr><td>Scottish Investment Bank Limited</td><td>Dormant</td><td>100</td></tr></table>",
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                                "html_text": "100",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "Property management",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "html_text": "100",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "Scotland Europa Limited",
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                                "rowspan": 1,
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                "text": "The following table sets out the assets and liabilities that are measured and recognised at fair value at 31 March:",
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                "text": "<table><tr><td colspan=\"5\">GROUP</td></tr><tr><td></td><td>2026</td><td>2026</td><td>2026</td><td>2026</td></tr><tr><td></td><td>Level 1</td><td>Level 2</td><td>Level 3</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td colspan=\"5\">Recurring fair value measurements</td></tr><tr><td>Financial assets - other investments</td><td>16,980</td><td>-</td><td>373,592</td><td>390,572</td></tr><tr><td>Land and property assets</td><td>-</td><td>-</td><td>167,696</td><td>167,696</td></tr><tr><td colspan=\"5\">Non-recurring fair value measurements</td></tr><tr><td>Assets classified as held for sale</td><td>-</td><td>-</td><td>1,497</td><td>1,497</td></tr><tr><td></td><td>16,980</td><td>-</td><td>542,785</td><td>559,765</td></tr></table>",
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                "text": "SCOTTISH ENTERPRISE",
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                "text": "2025 2025 2025 2025",
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                "text": "Level 1 Level 2 Level 3 Total",
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                "text": "£000 £000 £000 £000",
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                "page": 163,
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                "text": "Financial assets - other investments 30,429 - 438,668 469,097",
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                "text": "All material financial assets are defined as level 3 instruments except for those listed on a recognised stock exchange. Fair values of financial assets are determined at the end of each financial year by suitably qualified professionals within Scottish Enterprise using recognised valuation techniques.",
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                                "location": [
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                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                "text": "434",
                                "html_text": "434",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "colspan": 1,
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                            {
                                "location": [
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                                "text": "-",
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                                "location": [
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                                "html_text": "5,057",
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                                "rowspan": 1,
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                                "column_header": false,
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                                "html_text": "5,057",
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                                "text": "(Impairment)/reversal of previous impairment",
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                                "location": [
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                                "text": "(9,948)",
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                                "colspan": 1,
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                                "location": [
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                                "text": "(1,296)",
                                "html_text": "(1,296)",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "95",
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                                "colspan": 1,
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                                "location": [
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                                    489.0343,
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                                "text": "(11,149)",
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                                "colspan": 1,
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                                "text": "Net gains recognised in Other Comprehensive Net Expenditure",
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                            {
                                "location": [
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                                    246.3824,
                                    489.0343
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "3,700",
                                "html_text": "3,700",
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                                "rowspan": 1,
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                                "location": [
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                "text": "3,700",
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                            {
                                "location": [
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                                    246.3824,
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                                "text": "(100,173)",
                                "html_text": "(100,173)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    442.3714,
                                    348.6977,
                                    465.7029
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                                "text": "(206)",
                                "html_text": "(206)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    348.6977,
                                    442.3714,
                                    451.0131,
                                    465.7029
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    451.0131,
                                    442.3714,
                                    553.3285,
                                    465.7029
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                                "text": "(100,379)",
                                "html_text": "(100,379)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "column_header": false,
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                            {
                                "location": [
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                                    246.3824,
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                                "text": "373,592",
                                "html_text": "373,592",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    348.6977,
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                                "text": "167,696",
                                "html_text": "167,696",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    451.0131,
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                                "text": "1,497",
                                "html_text": "1,497",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "html_text": "",
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                    348.7937,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    246.5263,
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                                "text": "454,855",
                                "html_text": "454,855",
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                                "rowspan": 1,
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                                "location": [
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                                "html_text": "165,441",
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                                "html_text": "2,626",
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                                "rowspan": 1,
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                                "text": "622,922",
                                "html_text": "622,922",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "Acquisitions",
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                                "location": [
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                                    246.5263,
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                                "text": "46,527",
                                "html_text": "46,527",
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                                "cell_header_index": 1,
                                "rowspan": 1,
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                                "text": "769",
                                "html_text": "769",
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                                "location": [
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                                    451.0611,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "47,296",
                                "html_text": "47,296",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "Disposals",
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                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    252.9257,
                                    246.5263,
                                    275.2114
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                                "text": "(26,309)",
                                "html_text": "(26,309)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "(426)",
                                "html_text": "(426)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "(590)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    553.3285,
                                    275.2114
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                                "text": "(27,325)",
                                "html_text": "(27,325)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "Reclassification",
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                                "html_text": "2,119",
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                                    348.7937,
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                                "html_text": "-",
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                                "html_text": "-",
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "2,119",
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                            {
                                "location": [
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    246.5263,
                                    208.3543,
                                    348.7937,
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                                "text": "(380)",
                                "html_text": "(380)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                "text": "380",
                                "html_text": "380",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    451.0611,
                                    208.3543,
                                    553.3285,
                                    230.64
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
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                                "text": "Depreciation",
                                "html_text": "Depreciation",
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                                "rowspan": 1,
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                                "column_header": false,
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                            },
                            {
                                "location": [
                                    144.2589,
                                    186.0686,
                                    246.5263,
                                    208.3543
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                "text": "(4,759)",
                                "html_text": "(4,759)",
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                                "rowspan": 1,
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                                "html_text": "-",
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                                "column_header": false,
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                                "html_text": "-",
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                                "colspan": 1,
                                "column_header": false,
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                                "rowspan": 1,
                                "colspan": 1,
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                                    553.3285,
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                                "text": "(4,412)",
                                "html_text": "(4,412)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "rowspan": 1,
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                            },
                            {
                                "location": [
                                    144.2589,
                                    119.2114,
                                    246.5263,
                                    141.4971
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    246.5263,
                                    119.2114,
                                    348.7937,
                                    141.4971
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                                "text": "3,709",
                                "html_text": "3,709",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    348.7937,
                                    119.2114,
                                    451.0611,
                                    141.4971
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    451.0611,
                                    119.2114,
                                    553.3285,
                                    141.4971
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                                "text": "3,709",
                                "html_text": "3,709",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "cell_header_index": 0,
                                "rowspan": 1,
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                            {
                                "location": [
                                    144.2589,
                                    96.9257,
                                    246.5263,
                                    119.2114
                                ],
                                "text": "(35,770)",
                                "html_text": "(35,770)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    246.5263,
                                    96.9257,
                                    348.7937,
                                    119.2114
                                ],
                                "text": "(2,065)",
                                "html_text": "(2,065)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    348.7937,
                                    96.9257,
                                    451.0611,
                                    119.2114
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    451.0611,
                                    96.9257,
                                    553.3285,
                                    119.2114
                                ],
                                "text": "(37,835)",
                                "html_text": "(37,835)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    74.64,
                                    246.5263,
                                    96.9257
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                                "text": "438,440",
                                "html_text": "438,440",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "165,618",
                                "html_text": "165,618",
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                                "rowspan": 1,
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                                "location": [
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                                    74.64,
                                    451.0611,
                                    96.9257
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                                "text": "2,416",
                                "html_text": "2,416",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    451.0611,
                                    74.64,
                                    553.3285,
                                    96.9257
                                ],
                                "text": "606,474",
                                "html_text": "606,474",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                "text": "<table><tr><td colspan=\"5\">SCOTTISH ENTERPRISE</td></tr><tr><td>Level 3 Fair Value measurements For the Year ended 31 March 2026</td><td>Financial assets</td><td>Land &amp; property assets</td><td>Assets classified as held for sale</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>At 1 April 2025</td><td>438,668</td><td>98,425</td><td>2,416</td><td>539,509</td></tr><tr><td>Acquisitions</td><td>56,790</td><td>141</td><td>-</td><td>56,931</td></tr><tr><td>Disposals</td><td>(14,667)</td><td>(767)</td><td>(580)</td><td>(16,014)</td></tr><tr><td>Transfers (to)/from held for sale</td><td>-</td><td>434</td><td>(434)</td><td>-</td></tr><tr><td>Transfers (to)/from Level 1 fair value measurement</td><td>3,150</td><td>-</td><td>-</td><td>3,150</td></tr><tr><td>Depreciation</td><td>-</td><td>(1,152)</td><td>-</td><td>(1,152)</td></tr><tr><td>Depreciation revaluation</td><td>-</td><td>1,152</td><td>-</td><td>1,152</td></tr><tr><td>(Impairment)/reversal of previous impairment</td><td>(9,948)</td><td>(743)</td><td>95</td><td>(10,596)</td></tr><tr><td>Net gains recognised in Other Comprehensive Net Expenditure</td><td>-</td><td>347</td><td>-</td><td>347</td></tr><tr><td>Net (losses) / gains recognised in Net Expenditure</td><td>(100,173)</td><td>3,147</td><td>-</td><td>(97,026)</td></tr><tr><td>At 31 March 2026</td><td>373,820</td><td>100,984</td><td>1,497</td><td>476,301</td></tr></table>",
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                                "text": "SCOTTISH ENTERPRISE",
                                "html_text": "SCOTTISH ENTERPRISE",
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                                "text": "Level 3 Fair Value measurements For the Year ended 31 March 2026",
                                "html_text": "Level 3 Fair Value measurements For the Year ended 31 March 2026",
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                                "location": [
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                                "html_text": "Financial assets",
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                                "colspan": 1,
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                                "location": [
                                    256.8922,
                                    695.28,
                                    364.3425,
                                    720.24
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                                "html_text": "Land & property assets",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
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                                "location": [
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                                    471.7929,
                                    720.24
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                                "html_text": "Assets classified as held for sale",
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                                "colspan": 1,
                                "column_header": true,
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                                    720.24
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                                "colspan": 1,
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                            {
                                "location": [
                                    41.9915,
                                    670.32,
                                    149.4418,
                                    695.28
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
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                                "location": [
                                    149.4418,
                                    670.32,
                                    256.8922,
                                    695.28
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    256.8922,
                                    670.32,
                                    364.3425,
                                    695.28
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    364.3425,
                                    670.32,
                                    471.7929,
                                    695.28
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                            },
                            {
                                "location": [
                                    471.7929,
                                    670.32,
                                    579.2432,
                                    695.28
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                        "ref": "#/tables/0"
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                        "row_index": 3,
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                                "html_text": "56,931",
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                                "text": "(16,014)",
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                                "text": "(9,948)",
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                            41.9915,
                            420.72,
                            579.2432,
                            445.68
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.9915,
                                    420.72,
                                    149.4418,
                                    445.68
                                ],
                                "text": "Net (losses) / gains recognised in Net Expenditure",
                                "html_text": "Net (losses) / gains recognised in Net Expenditure",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    149.4418,
                                    420.72,
                                    256.8922,
                                    445.68
                                ],
                                "text": "(100,173)",
                                "html_text": "(100,173)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    256.8922,
                                    420.72,
                                    364.3425,
                                    445.68
                                ],
                                "text": "3,147",
                                "html_text": "3,147",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    364.3425,
                                    420.72,
                                    471.7929,
                                    445.68
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    471.7929,
                                    420.72,
                                    579.2432,
                                    445.68
                                ],
                                "text": "(97,026)",
                                "html_text": "(97,026)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    },
                    {
                        "row_index": 13,
                        "location": [
                            41.9915,
                            395.76,
                            579.2432,
                            420.72
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.9915,
                                    395.76,
                                    149.4418,
                                    420.72
                                ],
                                "text": "At 31 March 2026",
                                "html_text": "At 31 March 2026",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    149.4418,
                                    395.76,
                                    256.8922,
                                    420.72
                                ],
                                "text": "373,820",
                                "html_text": "373,820",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    256.8922,
                                    395.76,
                                    364.3425,
                                    420.72
                                ],
                                "text": "100,984",
                                "html_text": "100,984",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    364.3425,
                                    395.76,
                                    471.7929,
                                    420.72
                                ],
                                "text": "1,497",
                                "html_text": "1,497",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    471.7929,
                                    395.76,
                                    579.2432,
                                    420.72
                                ],
                                "text": "476,301",
                                "html_text": "476,301",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/0"
                            }
                        ],
                        "ref": "#/tables/0"
                    }
                ],
                "n_rows": 14,
                "n_cols": 5,
                "ref": "#/tables/0",
                "reading_order": 1
            },
            {
                "page": 166,
                "type": "TABLE",
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                    "l": 41.5116,
                    "t": 380.64,
                    "r": 579.2432,
                    "b": 63.36
                },
                "text": "<table><tr><td colspan=\"5\">SCOTTISH ENTERPRISE</td></tr><tr><td>Level 3 Fair Value measurements For the Year ended 31 March 2025</td><td>Financial assets</td><td>Land &amp; property assets</td><td>Assets classified as held for sale</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>At 1 April 2024</td><td>457,665</td><td>97,895</td><td>2,626</td><td>558,186</td></tr><tr><td>Acquisitions</td><td>46,527</td><td>731</td><td>-</td><td>47,258</td></tr><tr><td>Disposals</td><td>(26,309)</td><td>(426)</td><td>(590)</td><td>(27,325)</td></tr><tr><td>Transfers (to)/from held for sale</td><td>-</td><td>(380)</td><td>380</td><td>-</td></tr><tr><td>Depreciation</td><td>-</td><td>(996)</td><td>-</td><td>(996)</td></tr><tr><td>Depreciation revaluation</td><td>-</td><td>996</td><td>-</td><td>996</td></tr><tr><td>(Impairment)/reversal of previous impairment</td><td>(2,982)</td><td>(1,040)</td><td>-</td><td>(4,022)</td></tr><tr><td>Net gains recognised in Other Comprehensive Net Expenditure</td><td>-</td><td>312</td><td>-</td><td>312</td></tr><tr><td>Net (losses) / gains recognised in Net Expenditure</td><td>(36,233)</td><td>1,333</td><td>-</td><td>(34,900)</td></tr><tr><td>At 31 March 2025</td><td>438,668</td><td>98,425</td><td>2,416</td><td>539,509</td></tr></table>",
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                        "row_index": 0,
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                            356.2338,
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                        "cells": [
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                                "location": [
                                    41.5116,
                                    356.2338,
                                    579.2432,
                                    380.64
                                ],
                                "text": "SCOTTISH ENTERPRISE",
                                "html_text": "SCOTTISH ENTERPRISE",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 5,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 1,
                        "location": [
                            41.5116,
                            331.8277,
                            579.2432,
                            356.2338
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    331.8277,
                                    149.0579,
                                    356.2338
                                ],
                                "text": "Level 3 Fair Value measurements For the Year ended 31 March 2025",
                                "html_text": "Level 3 Fair Value measurements For the Year ended 31 March 2025",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    149.0579,
                                    331.8277,
                                    256.6042,
                                    356.2338
                                ],
                                "text": "Financial assets",
                                "html_text": "Financial assets",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    256.6042,
                                    331.8277,
                                    364.1506,
                                    356.2338
                                ],
                                "text": "Land & property assets",
                                "html_text": "Land & property assets",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    364.1506,
                                    331.8277,
                                    471.6969,
                                    356.2338
                                ],
                                "text": "Assets classified as held for sale",
                                "html_text": "Assets classified as held for sale",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
                                "placeholder": false,
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                            {
                                "location": [
                                    471.6969,
                                    331.8277,
                                    579.2432,
                                    356.2338
                                ],
                                "text": "Total",
                                "html_text": "Total",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 2,
                        "location": [
                            41.5116,
                            307.4215,
                            579.2432,
                            331.8277
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    307.4215,
                                    149.0579,
                                    331.8277
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    149.0579,
                                    307.4215,
                                    256.6042,
                                    331.8277
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    256.6042,
                                    307.4215,
                                    364.1506,
                                    331.8277
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    364.1506,
                                    307.4215,
                                    471.6969,
                                    331.8277
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    471.6969,
                                    307.4215,
                                    579.2432,
                                    331.8277
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 3,
                        "location": [
                            41.5116,
                            283.0154,
                            579.2432,
                            307.4215
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    283.0154,
                                    149.0579,
                                    307.4215
                                ],
                                "text": "At 1 April 2024",
                                "html_text": "At 1 April 2024",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    149.0579,
                                    283.0154,
                                    256.6042,
                                    307.4215
                                ],
                                "text": "457,665",
                                "html_text": "457,665",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    256.6042,
                                    283.0154,
                                    364.1506,
                                    307.4215
                                ],
                                "text": "97,895",
                                "html_text": "97,895",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    364.1506,
                                    283.0154,
                                    471.6969,
                                    307.4215
                                ],
                                "text": "2,626",
                                "html_text": "2,626",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    471.6969,
                                    283.0154,
                                    579.2432,
                                    307.4215
                                ],
                                "text": "558,186",
                                "html_text": "558,186",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 4,
                        "location": [
                            41.5116,
                            258.6092,
                            579.2432,
                            283.0154
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    258.6092,
                                    149.0579,
                                    283.0154
                                ],
                                "text": "Acquisitions",
                                "html_text": "Acquisitions",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    149.0579,
                                    258.6092,
                                    256.6042,
                                    283.0154
                                ],
                                "text": "46,527",
                                "html_text": "46,527",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    256.6042,
                                    258.6092,
                                    364.1506,
                                    283.0154
                                ],
                                "text": "731",
                                "html_text": "731",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    364.1506,
                                    258.6092,
                                    471.6969,
                                    283.0154
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    471.6969,
                                    258.6092,
                                    579.2432,
                                    283.0154
                                ],
                                "text": "47,258",
                                "html_text": "47,258",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 5,
                        "location": [
                            41.5116,
                            234.2031,
                            579.2432,
                            258.6092
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    234.2031,
                                    149.0579,
                                    258.6092
                                ],
                                "text": "Disposals",
                                "html_text": "Disposals",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    149.0579,
                                    234.2031,
                                    256.6042,
                                    258.6092
                                ],
                                "text": "(26,309)",
                                "html_text": "(26,309)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    256.6042,
                                    234.2031,
                                    364.1506,
                                    258.6092
                                ],
                                "text": "(426)",
                                "html_text": "(426)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    364.1506,
                                    234.2031,
                                    471.6969,
                                    258.6092
                                ],
                                "text": "(590)",
                                "html_text": "(590)",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    471.6969,
                                    234.2031,
                                    579.2432,
                                    258.6092
                                ],
                                "text": "(27,325)",
                                "html_text": "(27,325)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 6,
                        "location": [
                            41.5116,
                            209.7969,
                            579.2432,
                            234.2031
                        ],
                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    209.7969,
                                    149.0579,
                                    234.2031
                                ],
                                "text": "Transfers (to)/from held for sale",
                                "html_text": "Transfers (to)/from held for sale",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": true,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    149.0579,
                                    209.7969,
                                    256.6042,
                                    234.2031
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    256.6042,
                                    209.7969,
                                    364.1506,
                                    234.2031
                                ],
                                "text": "(380)",
                                "html_text": "(380)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    364.1506,
                                    209.7969,
                                    471.6969,
                                    234.2031
                                ],
                                "text": "380",
                                "html_text": "380",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
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                                "colspan": 1,
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                                    471.6969,
                                    112.1723
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                                "html_text": "-",
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                                "text": "98,425",
                                "html_text": "98,425",
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                                "location": [
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                                "text": "2,416",
                                "html_text": "2,416",
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                                "location": [
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                                "text": "539,509",
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                                "html_text": "",
                                "links": [],
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                                "colspan": 1,
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                                "html_text": "£000",
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    450.0053,
                                    594.06,
                                    552.1287,
                                    624.36
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    41.5116,
                                    563.76,
                                    143.635,
                                    594.06
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                                "text": "Unrealised gains / (losses) recognised in net expenditure",
                                "html_text": "Unrealised gains / (losses) recognised in net expenditure",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
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                                "row_header": false,
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                            },
                            {
                                "location": [
                                    143.635,
                                    563.76,
                                    245.7584,
                                    594.06
                                ],
                                "text": "(110,121)",
                                "html_text": "(110,121)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    245.7584,
                                    563.76,
                                    347.8819,
                                    594.06
                                ],
                                "text": "3,555",
                                "html_text": "3,555",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "ref": "#/tables/0"
                            },
                            {
                                "location": [
                                    347.8819,
                                    563.76,
                                    450.0053,
                                    594.06
                                ],
                                "text": "95",
                                "html_text": "95",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    450.0053,
                                    563.76,
                                    552.1287,
                                    594.06
                                ],
                                "text": "(106,471)",
                                "html_text": "(106,471)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "ref": "#/tables/0"
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                        "cells": [
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                                "location": [
                                    41.5116,
                                    520.02,
                                    552.1287,
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                                "text": "GROUP",
                                "html_text": "GROUP",
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                                "colspan": 5,
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                        ],
                        "ref": "#/tables/1"
                    },
                    {
                        "row_index": 1,
                        "location": [
                            41.5116,
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                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    490.2,
                                    143.635,
                                    520.02
                                ],
                                "text": "Level 3 Fair Value measurements For the Year ended 31 March 2025",
                                "html_text": "Level 3 Fair Value measurements For the Year ended 31 March 2025",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    143.635,
                                    490.2,
                                    245.7584,
                                    520.02
                                ],
                                "text": "Financial assets",
                                "html_text": "Financial assets",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
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                            {
                                "location": [
                                    245.7584,
                                    490.2,
                                    347.8819,
                                    520.02
                                ],
                                "text": "Land & property assets",
                                "html_text": "Land & property assets",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    347.8819,
                                    490.2,
                                    450.0053,
                                    520.02
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                                "text": "Assets classified as held for sale",
                                "html_text": "Assets classified as held for sale",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    450.0053,
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                                    552.1287,
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                                "html_text": "Total",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                                "location": [
                                    41.5116,
                                    460.38,
                                    143.635,
                                    490.2
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    143.635,
                                    460.38,
                                    245.7584,
                                    490.2
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    245.7584,
                                    460.38,
                                    347.8819,
                                    490.2
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    347.8819,
                                    460.38,
                                    450.0053,
                                    490.2
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    450.0053,
                                    460.38,
                                    552.1287,
                                    490.2
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            }
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                        "ref": "#/tables/1"
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                        "row_index": 3,
                        "location": [
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                                "location": [
                                    41.5116,
                                    430.56,
                                    143.635,
                                    460.38
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                                "text": "Unrealised gains / (losses) recognised in net expenditure",
                                "html_text": "Unrealised gains / (losses) recognised in net expenditure",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    143.635,
                                    430.56,
                                    245.7584,
                                    460.38
                                ],
                                "text": "(38,752)",
                                "html_text": "(38,752)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    245.7584,
                                    430.56,
                                    347.8819,
                                    460.38
                                ],
                                "text": "1,263",
                                "html_text": "1,263",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    347.8819,
                                    430.56,
                                    450.0053,
                                    460.38
                                ],
                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/1"
                            },
                            {
                                "location": [
                                    450.0053,
                                    430.56,
                                    552.1287,
                                    460.38
                                ],
                                "text": "(37,489)",
                                "html_text": "(37,489)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                "text": "<table><tr><td colspan=\"5\">SCOTTISH ENTERPRISE</td></tr><tr><td>Level 3 Fair Value measurements For the Year ended 31 March 2026</td><td>Financial assets</td><td>Land &amp; property assets</td><td>Assets classified as held for sale</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Unrealised gains / (losses) recognised in net expenditure</td><td>(110,121)</td><td>3,556</td><td>95</td><td>(106,470)</td></tr></table>",
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                                "location": [
                                    41.5116,
                                    367.98,
                                    552.3687,
                                    397.92
                                ],
                                "text": "SCOTTISH ENTERPRISE",
                                "html_text": "SCOTTISH ENTERPRISE",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 5,
                                "column_header": false,
                                "row_header": false,
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                        "ref": "#/tables/2"
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                        "row_index": 1,
                        "location": [
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                        "cells": [
                            {
                                "location": [
                                    41.5116,
                                    338.04,
                                    143.683,
                                    367.98
                                ],
                                "text": "Level 3 Fair Value measurements For the Year ended 31 March 2026",
                                "html_text": "Level 3 Fair Value measurements For the Year ended 31 March 2026",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
                                "placeholder": false,
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                            },
                            {
                                "location": [
                                    143.683,
                                    338.04,
                                    245.8544,
                                    367.98
                                ],
                                "text": "Financial assets",
                                "html_text": "Financial assets",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                            {
                                "location": [
                                    245.8544,
                                    338.04,
                                    348.0259,
                                    367.98
                                ],
                                "text": "Land & property assets",
                                "html_text": "Land & property assets",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                                "location": [
                                    348.0259,
                                    338.04,
                                    450.1973,
                                    367.98
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                                "text": "Assets classified as held for sale",
                                "html_text": "Assets classified as held for sale",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
                                "row_header": false,
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                                "location": [
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                                    552.3687,
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": true,
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                                "location": [
                                    41.5116,
                                    308.1,
                                    143.683,
                                    338.04
                                ],
                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    143.683,
                                    308.1,
                                    245.8544,
                                    338.04
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/2"
                            },
                            {
                                "location": [
                                    245.8544,
                                    308.1,
                                    348.0259,
                                    338.04
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/2"
                            },
                            {
                                "location": [
                                    348.0259,
                                    308.1,
                                    450.1973,
                                    338.04
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/2"
                            },
                            {
                                "location": [
                                    450.1973,
                                    308.1,
                                    552.3687,
                                    338.04
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
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                        "location": [
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                                "location": [
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                                    278.16,
                                    143.683,
                                    308.1
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                                "text": "Unrealised gains / (losses) recognised in net expenditure",
                                "html_text": "Unrealised gains / (losses) recognised in net expenditure",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/2"
                            },
                            {
                                "location": [
                                    143.683,
                                    278.16,
                                    245.8544,
                                    308.1
                                ],
                                "text": "(110,121)",
                                "html_text": "(110,121)",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
                                "placeholder": false,
                                "ref": "#/tables/2"
                            },
                            {
                                "location": [
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                                    278.16,
                                    348.0259,
                                    308.1
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                                "text": "3,556",
                                "html_text": "3,556",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    278.16,
                                    450.1973,
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                                "text": "95",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
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                                    278.16,
                                    552.3687,
                                    308.1
                                ],
                                "text": "(106,470)",
                                "html_text": "(106,470)",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                "text": "The following table sets out the valuation techniques used in the determination of fair values within level 3 including the key unobservable inputs used and the relationship between unobservable inputs to fair value:",
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                "text": "Financial assets - held at fair value through profit or loss: Scottish Enterprise holds a number of investments across a range of different instruments, including equity, preference shares and loans. Shares which have voting rights attached are treated as equity and will be valued on a fair value basis in line with international industry standards. Fair value is the price that would be received to sell an asset in an orderly transaction between market participants given current market conditions at the measurement date.",
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                "text": "Debt instruments that have been provided as a means of bridge funding to the next equity round, will be similarly valued on a fair value basis. Cost may be the best indicator of fair value, unless market or company specific conditions exist, which would indicate that fair value differs from cost.",
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                "text": "Several valuation techniques may be considered for use in estimating fair value, with judgement applied when considering case-specific factors or terms of the investment which may impact fair value. Valuation techniques that will be considered, include price of recent investment, earnings multiple, turnover multiple, net asset value, indicative offers and for listed companies available market prices. The key selection criteria for the valuation technique adopted is it should be appropriate given the nature, facts and circumstances of the investment.",
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                "text": "Scottish Enterprise's portfolio comprises mostly unquoted investments in seed, start up and early stage companies for which there is not active market and in many cases the portfolio companies are pre-revenue or loss making (or both), which rules out earnings or turnover multiple based valuation techniques. Consequently, the fair value of the majority of investments is established by reference to valuation placed on the investee company at the most recent round of investment or price of recent investment; however Scottish Enterprise will take into account the circumstances of the funding round, current company performance relative to plan and any subsequent events which may impact on fair value.",
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                "text": "Where the portfolio company is a more established business with an identifiable stream of earnings that are considered to be maintainable, the fair value of Scottish Enterprise's investment will be established by the application of a multiplier to the earnings of the business. The multiplier will be based on the quoted price / earnings ratio appropriate",
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                "page": 170,
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                "text": "170",
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                "text": "Valuation approach, key unobservable inputs and relationship between unobservable inputs and fair value",
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                "text": "Financial assets - held at amortised cost",
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                "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.",
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                "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%).",
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                "text": "A 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.",
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                "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.",
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                "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.",
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                "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.",
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                "text": "11. Retirement Benefit Scheme",
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                "text": "Scottish Enterprise operates the Scottish Enterprise Pension & Life Assurance Scheme for colleagues which is a defined benefits scheme that provides benefits in the form of a guaranteed level of pension payable for life. The level of benefits provided depends upon the members' length of service and their final pensionable salary. The assets of the scheme are held separately from those of Scottish Enterprise, being invested by the Trustees of the scheme. There are ten Trustees in total, comprising an independent Chairman, five Trustees appointed by Scottish Enterprise and four nominated by members. The Trustees are responsible for ensuring the scheme is run in accordance with the members' best interests and the pension laws of the United Kingdom, as overseen by the Pensions Regulator.",
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                                "location": [
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                                    432.4457,
                                    210.8375,
                                    451.8514
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                                "text": "Past service credit",
                                "html_text": "Past service credit",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    210.8375,
                                    432.4457,
                                    382.083,
                                    451.8514
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                                "text": "313",
                                "html_text": "313",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    432.4457,
                                    553.3285,
                                    451.8514
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    413.04,
                                    382.083,
                                    432.4457
                                ],
                                "text": "(522,803)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    553.3285,
                                    432.4457
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                                "text": "(532,756)",
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                                "html_text": "376",
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                            {
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                                    382.323,
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                                "text": "534,152",
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                                "text": "524,506",
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                                "location": [
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                                "text": "2,707",
                                "html_text": "2,707",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "2,704",
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                                "rowspan": 1,
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                                "text": "1,341",
                                "html_text": "1,341",
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                                "rowspan": 1,
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                                "location": [
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                                    364.11,
                                    348.2178,
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                                "text": "1,865",
                                "html_text": "1,865",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "colspan": 1,
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                            {
                                "location": [
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                                    364.11,
                                    552.8486,
                                    383.1
                                ],
                                "text": "1,526",
                                "html_text": "1,526",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    345.12,
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                                "column_header": false,
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                                "html_text": "6,625",
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                                "rowspan": 1,
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                                "column_header": false,
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                            {
                                "location": [
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                                    345.12,
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                                "text": "7,270",
                                "html_text": "7,270",
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                                "rowspan": 1,
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                                "column_header": false,
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                                "location": [
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                                    345.12,
                                    450.5332,
                                    364.11
                                ],
                                "text": "5,753",
                                "html_text": "5,753",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    345.12,
                                    552.8486,
                                    364.11
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                                "html_text": "6,054",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "colspan": 1,
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                                "rowspan": 1,
                                "colspan": 2,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "£000",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    221.1,
                                    450.2932,
                                    244.2
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                                "html_text": "",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
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                                    552.6086,
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                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    198,
                                    143.3471,
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                                "html_text": "Other receivables",
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                                "colspan": 1,
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                                    198,
                                    245.6625,
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                                "html_text": "9,381",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    347.9778,
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                                "colspan": 1,
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                                    450.2932,
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                                "html_text": "Utilised during year",
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                                "colspan": 1,
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                                "location": [
                                    348.2178,
                                    157.76,
                                    450.5332,
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                                "text": "Movements in Provisions",
                                "html_text": "Movements in Provisions",
                                "links": [],
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                                "html_text": "At 31 March 2025",
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                                "rowspan": 1,
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                                "html_text": "£000",
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                                "rowspan": 1,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    133.84,
                                    450.5332,
                                    157.76
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    133.84,
                                    552.8486,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    109.92,
                                    245.9025,
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                                "text": "7,325",
                                "html_text": "7,325",
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                                "rowspan": 1,
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                                "location": [
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                                    348.2178,
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                                "text": "(387)",
                                "html_text": "(387)",
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                                "colspan": 1,
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                                "text": "2,443",
                                "html_text": "2,443",
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                                "text": "9,381",
                                "html_text": "9,381",
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                                "location": [
                                    41.0317,
                                    676.32,
                                    143.2991,
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                                "text": "",
                                "html_text": "",
                                "links": [],
                                "cell_header_index": 0,
                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    245.5665,
                                    676.32,
                                    347.8339,
                                    699.36
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    347.8339,
                                    676.32,
                                    450.1013,
                                    699.36
                                ],
                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
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                                    552.3687,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "9,079",
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                                    347.8339,
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                                "rowspan": 1,
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                                "html_text": "£000",
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                                "rowspan": 1,
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                                    348.5058,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
                                    348.5058,
                                    589.36,
                                    450.9171,
                                    613.76
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    553.3285,
                                    613.76
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "7,099",
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                                "html_text": "9,079",
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                                "html_text": "£000",
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                                "location": [
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                                    348.3618,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
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                                    450.7251,
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                                ],
                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                    553.0885,
                                    182.16
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "At 1 April",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    139.44,
                                    245.9984,
                                    160.8
                                ],
                                "text": "170,160",
                                "html_text": "170,160",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    139.44,
                                    348.3618,
                                    160.8
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                                "text": "171,509",
                                "html_text": "171,509",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    139.44,
                                    450.7251,
                                    160.8
                                ],
                                "text": "167,637",
                                "html_text": "167,637",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            },
                            {
                                "location": [
                                    450.7251,
                                    139.44,
                                    553.0885,
                                    160.8
                                ],
                                "text": "167,432",
                                "html_text": "167,432",
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                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    118.08,
                                    245.9984,
                                    139.44
                                ],
                                "text": "5,485",
                                "html_text": "5,485",
                                "links": [],
                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            {
                                "location": [
                                    245.9984,
                                    118.08,
                                    348.3618,
                                    139.44
                                ],
                                "text": "(1,349)",
                                "html_text": "(1,349)",
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                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    348.3618,
                                    118.08,
                                    450.7251,
                                    139.44
                                ],
                                "text": "5,998",
                                "html_text": "5,998",
                                "links": [],
                                "cell_header_index": 3,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                            },
                            {
                                "location": [
                                    450.7251,
                                    118.08,
                                    553.0885,
                                    139.44
                                ],
                                "text": "205",
                                "html_text": "205",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    41.2717,
                                    96.72,
                                    143.6351,
                                    118.08
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                                "colspan": 1,
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                                "location": [
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                                    96.72,
                                    245.9984,
                                    118.08
                                ],
                                "text": "175,645",
                                "html_text": "175,645",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    245.9984,
                                    96.72,
                                    348.3618,
                                    118.08
                                ],
                                "text": "170,160",
                                "html_text": "170,160",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    96.72,
                                    450.7251,
                                    118.08
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                                "text": "173,635",
                                "html_text": "173,635",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    450.7251,
                                    96.72,
                                    553.0885,
                                    118.08
                                ],
                                "text": "167,637",
                                "html_text": "167,637",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "100,981",
                                "html_text": "100,981",
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                                "text": "108,963",
                                "html_text": "108,963",
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                                "html_text": "Other subsidiary undertakings",
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                                "html_text": "2,010",
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                                "location": [
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                                    303.6655,
                                    246.1424,
                                    324.3491
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                                "text": "234,472",
                                "html_text": "234,472",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    303.6655,
                                    348.4577,
                                    324.3491
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                                "text": "243,114",
                                "html_text": "243,114",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
                                    348.4577,
                                    303.6655,
                                    450.7731,
                                    324.3491
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                                "text": "234,472",
                                "html_text": "234,472",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    303.6655,
                                    553.0885,
                                    324.3491
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                                "text": "243,114",
                                "html_text": "243,114",
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                                "rowspan": 1,
                                "colspan": 1,
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                            {
                                "location": [
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                                    282.9818,
                                    246.1424,
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                                "text": "22,233",
                                "html_text": "22,233",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    282.9818,
                                    348.4577,
                                    303.6655
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                                "text": "10,033",
                                "html_text": "10,033",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    450.7731,
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                                "text": "22,233",
                                "html_text": "22,233",
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                                "rowspan": 1,
                                "colspan": 1,
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                            {
                                "location": [
                                    450.7731,
                                    282.9818,
                                    553.0885,
                                    303.6655
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                                "text": "10,033",
                                "html_text": "10,033",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    246.1424,
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                                "text": "(13,937)",
                                "html_text": "(13,937)",
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                                "text": "(5,473)",
                                "html_text": "(5,473)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    450.7731,
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                                "text": "(13,937)",
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                                "rowspan": 1,
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                            {
                                "location": [
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                                    553.0885,
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                                "rowspan": 1,
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                            {
                                "location": [
                                    143.827,
                                    241.6145,
                                    246.1424,
                                    262.2982
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                                "text": "(10,083)",
                                "html_text": "(10,083)",
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                                "cell_header_index": 1,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    246.1424,
                                    241.6145,
                                    348.4577,
                                    262.2982
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                                "text": "(13,202)",
                                "html_text": "(13,202)",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    450.7731,
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                                "text": "(10,083)",
                                "html_text": "(10,083)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    450.7731,
                                    241.6145,
                                    553.0885,
                                    262.2982
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                                "text": "(13,202)",
                                "html_text": "(13,202)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    246.1424,
                                    241.6145
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                                "text": "232,685",
                                "html_text": "232,685",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    348.4577,
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                                "text": "234,472",
                                "html_text": "234,472",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "text": "232,685",
                                "html_text": "232,685",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    553.0885,
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                                "html_text": "234,472",
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                                "rowspan": 1,
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                                "html_text": "13,823",
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                                "location": [
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                                "html_text": "26,344",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "text": "218,862",
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                                "text": "208,128",
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                                "text": "218,862",
                                "html_text": "218,862",
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                                "location": [
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                                "html_text": "208,128",
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                                "location": [
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                                "text": "232,685",
                                "html_text": "232,685",
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                                "location": [
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                                "html_text": "234,472",
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                                "rowspan": 1,
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                                "location": [
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                                "html_text": "232,685",
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                                "html_text": "234,472",
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                                "rowspan": 1,
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                                "column_header": false,
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                                "html_text": "£000",
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "£000",
                                "html_text": "£000",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "Balance at 1 April",
                                "html_text": "Balance at 1 April",
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                                "location": [
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                                "text": "46",
                                "html_text": "46",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    297.7799,
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                                "text": "3,510",
                                "html_text": "3,510",
                                "links": [],
                                "cell_header_index": 2,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    383.0428,
                                    345.7292
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                                "text": "2,249",
                                "html_text": "2,249",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    468.3056,
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                                "text": "5,805",
                                "html_text": "5,805",
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                                "rowspan": 1,
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                                "column_header": false,
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                                "text": "5,875",
                                "html_text": "5,875",
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                                "rowspan": 1,
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                                "text": "-",
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                                "location": [
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "380",
                                "html_text": "380",
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                                "colspan": 1,
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                                "text": "380",
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                                "column_header": false,
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                                "text": "-",
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                                "text": "Discount",
                                "html_text": "Discount",
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                                "colspan": 1,
                                "column_header": false,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "38",
                                "html_text": "38",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "5",
                                "html_text": "5",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "43",
                                "html_text": "43",
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                                "colspan": 1,
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                                "text": "(68)",
                                "html_text": "(68)",
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                                "text": "(2,455)",
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                                "colspan": 1,
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                            {
                                "location": [
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                                    468.3056,
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                                "text": "(2,459)",
                                "html_text": "(2,459)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    212.5171,
                                    237.6185
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                "text": "(12)",
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                                "colspan": 1,
                                "column_header": false,
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                                "text": "-",
                                "html_text": "-",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
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                                    210.5908,
                                    468.3056,
                                    237.6185
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                                "text": "(12)",
                                "html_text": "(12)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "location": [
                                    468.3056,
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                                    553.5684,
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                                "text": "(-)",
                                "html_text": "(-)",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "42",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                    297.7799,
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                                "text": "1,081",
                                "html_text": "1,081",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "text": "2,634",
                                "html_text": "2,634",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    468.3056,
                                    210.5908
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                                "text": "3,757",
                                "html_text": "3,757",
                                "links": [],
                                "cell_header_index": 4,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    553.5684,
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                                "text": "5,805",
                                "html_text": "5,805",
                                "links": [],
                                "cell_header_index": 5,
                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                "text": "<table><tr><td colspan=\"5\">SCOTTISH ENTERPRISE</td></tr><tr><td></td><td colspan=\"3\">2026</td><td>2025</td></tr><tr><td></td><td>Joint Developments (i) (ii)</td><td>Office Dilapidations &amp; Repairs (iii)</td><td>Total</td><td>Total</td></tr><tr><td></td><td>£000</td><td>£000</td><td>£000</td><td>£000</td></tr><tr><td>Balance at 1 April</td><td>3,510</td><td>2,249</td><td>5,759</td><td>5,827</td></tr><tr><td>Provided in the year</td><td>-</td><td>380</td><td>380</td><td>-</td></tr><tr><td>Discount</td><td>38</td><td>5</td><td>43</td><td>(68)</td></tr><tr><td>Provisions not required written back</td><td>(2,455)</td><td>-</td><td>(2,455)</td><td>-</td></tr><tr><td>Provisions utilised in the year</td><td>(12)</td><td>-</td><td>(12)</td><td>-</td></tr><tr><td>At 31 March</td><td>1,081</td><td>2,634</td><td>3,715</td><td>5,759</td></tr><tr><td>Non-Current Provisions</td><td>1,008</td><td>2,556</td><td>3,564</td><td>2,554</td></tr><tr><td>Current Provisions</td><td>73</td><td>78</td><td>151</td><td>3,205</td></tr><tr><td>Total Provisions at 31 March</td><td>1,081</td><td>2,634</td><td>3,715</td><td>5,759</td></tr></table>",
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                                "html_text": "",
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                                "html_text": "£000",
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "£000",
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                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "151",
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                                "html_text": "1,081",
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                                "html_text": "3,715",
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                                "html_text": "5,759",
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                "text": "Under a joint development agreement with Falkirk Council, provision is made for costs which may be met from future sale proceeds of the land owned by Scottish Enterprise. The assumption has been made that the balance will carry forward for a further 10 years from the balance sheet date.",
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                "text": "Under a joint development agreement with South Ayrshire Council, provision was made for potential repayment of funding provided by South Ayrshire Council. It has been confirmed that there is no repayment required and therefore this provision has been written back in the year ending 31 March 2026.",
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                "text": "Provision has been made for dilapidations across Scottish Enterprise's occupational office accommodation. There are 4 offices with leases expiring between October 2026 and April 2031. An assessment has been made for each office and they have been discounted using the discount rates provided by HM Treasury (December 2025).",
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                "text": "Playpark equipment purchased at Loch Lomond Shores was funded from a proprietor's sinking fund. The equipment has been capitalised and a corresponding asset repayment provision recognised for the net book value of the equipment should it be disposed of by Scottish Enterprise within its 20-year expected life.",
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                "text": "Total future lease payments under leases are given in the table below:",
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                "text": "Scottish Enterprise has an agreement with the European Investment Fund to invest £50,000,000 in the Scottish European Growth Co-Investment Programme and also an",
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                "text": "agreement to invest £20,000,000 in Maven UK Regional Buyout Fund LP. The capital commitment at 31 March 2026 includes the balance of funds still to be invested.",
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                "text": "Warranties given to purchasers of shares in invested companies create a contingent liability to return sales proceeds in the specified circumstances unique to each deal amounted to £386,561 (2025: £711,293). At 31 March 2026 there were funds placed in escrow accounts to cover these liabilities should they fall due.",
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                                "html_text": "£000",
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                                "html_text": "£000",
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                                "location": [
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                                "location": [
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                                "text": "£000",
                                "html_text": "£000",
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                                "location": [
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                                "text": "£000",
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                                "rowspan": 1,
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                                "text": "3,918",
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                                "location": [
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                                "text": "4,347",
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                                "location": [
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                                "html_text": "1,202",
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                                "html_text": "724",
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                                "html_text": "218",
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                                "location": [
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                                    611.3333,
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                                "text": "-",
                                "html_text": "-",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
                                    347.9779,
                                    611.3333,
                                    450.0533,
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                                "text": "498",
                                "html_text": "498",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                            {
                                "location": [
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                                    611.3333,
                                    552.1287,
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                                "html_text": "(31)",
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                                "location": [
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                            {
                                "location": [
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                                    592.1067,
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                                "html_text": "(5,720)",
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                                "rowspan": 1,
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                                "column_header": false,
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                                "location": [
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                                    450.0533,
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                                "text": "7,043",
                                "html_text": "7,043",
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                                "colspan": 1,
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                            {
                                "location": [
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                                    592.1067,
                                    552.1287,
                                    611.3333
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                                "text": "(7,043)",
                                "html_text": "(7,043)",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                    572.88,
                                    347.9779,
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                                "html_text": "(7,853)",
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                                "rowspan": 1,
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                                "location": [
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                                "text": "12,612",
                                "html_text": "12,612",
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                                "rowspan": 1,
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                                "location": [
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                                    572.88,
                                    552.1287,
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                                "text": "(9,079)",
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                                "rowspan": 1,
                                "colspan": 1,
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                                "location": [
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                                "html_text": "",
                                "links": [],
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
                                "row_header": false,
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                                "location": [
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                                "text": "31 March 2025",
                                "html_text": "31 March 2025",
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                                "text": "1,708",
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                                "html_text": "31 March 2026",
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                "text": "Currency risk",
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                "text": "Scottish Enterprise is exposed to currency risk on transactions and balances that are denominated in currencies other than Sterling. Whenever practical, Scottish Enterprise enters into agreements in its functional currency to minimise currency risks.",
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                "text": "Scottish Enterprise is exposed to currency risks from its activities conducted overseas but does not enter into any hedge arrangements and does not consider currency risk to be material.",
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                "text": "The fair values, together with the carrying amounts of financial assets and liabilities in the Statement of Financial Position, are as follows:",
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                                "html_text": "£000",
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                                "html_text": "£000",
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                                "rowspan": 1,
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                                "rowspan": 1,
                                "colspan": 1,
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                                "html_text": "339,067",
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                                "rowspan": 1,
                                "colspan": 1,
                                "column_header": false,
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                                "html_text": "339,067",
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                                "html_text": "414,786",
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                                "html_text": "51,505",
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                                "html_text": "51,505",
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                                "html_text": "56,422",
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                                "html_text": "4,534",
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                                "html_text": "Lease receivables",
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                "text": "Scottish Enterprise also considers members of the Board and the Executive Leadership Team to be related parties.",
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                "text": "During the year Scottish Enterprise received income from Quality Meat Scotland, an entity in which a close family member of Rhona Allison, Executive Leadership Member of Scottish Enterprise, holds significant influence. This amounted to £38,850 in relation to a contribution to the Scottish Food and Drink Export Plan. All transactions are conducted at arm's length and Rhona Allison has no interaction with Quality Meat Scotland or with this transfer.",
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                "text": "The Scottish Enterprise Pension & Life Assurance Scheme is also regarded as a related party. Full details of the Scheme and employer contributions made are included in Note 11.",
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                "text": "Scottish Enterprise is regarded as the parent company of the subsidiary undertakings disclosed in Note 9. Transactions with subsidiary undertakings are eliminated on consolidation, during the year the following transactions have taken place:",
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