000			01411cab a2200217 4500
001			##L136539
008			070206n2007 000 0 eng u
035			_a(Sirsi) u136539
041	0		_aeng
100	1		_aLeftly, Mark
245	0	0	_aOut of the blue...and into the red
260			_c2007
490		0	_aBuilding _v272(8465) 2 February 2007, 30-32(3)
520			_aReports on the argument in Treasury over whether to remove Technical Note 1 to Application Note F of Financial Reporting Standard 5, and the possible implications for PFI transactions. Application Note F was intended to help finance teams from the private and public sector to decide whether or not PFI schemes should be on their respective balance sheets. However, an alternative means of calculation (Technical Note 1) was issued for Treasury's civil servants, which is now accused of bias. Suggests that if departments assess PFI transactions using the same model as the private sector, more PFIs are likely to become public liabilities and this could mean the end of many PFIs. Also warns of the national debt implications if the removal of Technical Note 1 is enforced retrospectively.
590			_aKA
650	2	4	_aPRIVATE FINANCE INITIATIVE
650	2	4	_aFINANCIAL REPORTING STANDARD 5
651		4	_aUnited Kingdom _y
690			_aMANAGEMENT-BUSINESS MANAGEMENT-FINANCIAL MANAGEMENT-ACCOUNTING-FINANCIAL REPORTING
942			_n0
999			_c78339 _d78339