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Accounts, Annual Reports and Investments

Details of the finances of the Duchy of Lancaster are published annually in a formal report.

Under the Duchy of Cornwall and Duchy of Lancaster Act of 1838, the officers of the Duchy of Lancaster are responsible for the preparation of accounts which are submitted to the Treasury and placed in the libraries of both Houses of Parliament three or four months after the end of the financial year. The accounts are prepared in compliance with Treasury Direction.

Click here to download the full financial report for the year ended 31 March 2006 in pdf format.  Reports and accounts.pdf (199KB)

The results for the financial years ending 31 March were as follows:

 

March 2002

March 2003

March 2004

March 2005

March 2006

 

£'000

£'000

£'000

£'000

£'000

Capital Valuation
Direct property portfolio

137,190

172,939

195,016

222,973

234,686

Indirect property portfolio

-

-

3,551

6,012

8,052

Investment portfolio

67,874

49,841

57,832

62,261

89,673

Other, including cash

16,344

5,338

11,932

16,586

8,748

 

221,408

228,118

268,331

307,832

341,159

Annual Growth

7.5%

3.0%

17.6%

14.7%

10.8%

 
 

2001/02

2002/03

2003/04

2004/05

2005/06

 

£'000

£'000

£'000

£'000

£'000

Gross income
Direct property portfolio

7,045

7,740

8,899

8,885

9,755

Indirect property portfolio

 -

-

122

395

450

Investment portfolio

1,927

1,878

1,884

2,773

3,189

Bank interest

1,146

585

568

1,052

755

10,118

10,203

11,473

13,105

14,149

Expenses

(2,556)

(2,348)

(3,307)

(3,256)

(3,393)

Net Operating Income

7,562

7,855

8,166

9,849

10,756

Net development recovery / (payment)

124

98

164

41

(128)

Surplus for the year

7,686

7,953

8,330

9,890

10,628

Annual Growth

5.2%

3.5%

4.7%

18.7%

7.5%

 

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