5.5 The Group's summarised fixed assets at 31 March 2003, 31 March 2007 and the forecast assets at 31 March 2011 are shown below.
| £ Million
| 31 March 2003 | 31 March 2007
| 31 March 2011 (Forecast 5)
|
| 1 Horse Guards Road | 88.56 | 94.42 | 94.42 |
| 100 Parliament Street (undeveloped value)6 | 14.15 | - | - |
| 2.40 | 2.64 | - | |
| Trevelyan House (leasehold improvements) | 3.84 | 2.80 | - |
| Other (including Eastcheap Court & Rosebery Court leasehold improvements) | 0.93 | 2.55 | 1.01 |
| Total land & buildings | 109.88 | 102.41 | 95.43 |
| IT assets (tangible and intangible) | 5.58 | 4.51 | 4.66 |
| Whitehall systems8 | 12.81 | - | - |
| Other tangible fixed assets | 2.87 | 3.53 | 2.57 |
| Total tangible & intangible fixed assets | 131.14 | 110.45 | 102.66 |
| Fixed investments | |||
| Bank of England | 1,506.00 | 1,860.00 | 1,860.00 |
| Royal Mint (public dividend capital) | 5.50 | 5.50 | 5.50 |
| OGCbuying.solutions (public dividend capital of £0.35m and loan) | 0.35 | 3.07 | 0.35 |
| Partnerships UK (equity and loan stock) | 19.64 | 20.57 | 20.57 |
| Total fixed investments | 1,531.49 | 1,889.14 | 1,886.42 |
| Total fixed assets | 1,662.63 | 1,999.59 | 1,989.08 |
5.6 For more detail on the Group's assets please see the balance sheet and supporting notes of the 2006-07 Annual Report & Accounts, available from http://www.hm-treasury.gov.uk/about/departmental_reports/annual_report07.cfm.
5.7 From 2001-02 to 2006-07, the Treasury Group generated £180m in asset disposal proceeds, from the sales of the last surplus government properties managed by the Office of Government Commerce, the Treasury's last shareholdings in privatised utilities , 100 Parliament Street (to HM Revenue & Customs), and the Whitehall standby heating and power systems (to OGCbuying.solutions).
5.8 In 2007-08, OGC's Edinburgh office has been sold for £2.35m. OGC has also completed an interdepartmental transfer of the lease on Trevelyan House, having moved its London based staff into 1 Horse Guards Road, saving around £3m a year in running costs.
5.9 With the disposals in 2007-08, the Treasury group will have met the government's aim that each department should dispose of at least 10% of its asset stock in the period 2004-05 to 2010-11 . There will be limited opportunities to make any further disposals in the remainder of the period through to 2010-11.
5 The 21 March 2011 forecasts assume no changes in the 31 March 2007 values for land and buildings or investments
6 Sold in 2004-05 (to HM Revenue & Customs) for £22.3m
7 Sold in 2007-08 for £2.4m
8 Sold in 2004-05 (to OGCbuying.solutions) for £11.3m