Page 176 - Pharmacy Appeals 1/4/04 to 31/3/05

Statement/note Balance in 2020-21 Restatement Revised balance in
accounts 2020-21 accounts
£ 0 0 0 £ 0 0 0 £ 0 0 0
7. Provisions for liabilities and charges (prior year)
Opening provision for known claims 84,053,266 2,790,357 86,843,623
Provided in the year 8,731,112 (215,635) 8,515,477
Change in discount rate 155,335 (117,634) 37,701

Movement in known claims 2,442,974 (333,269) 2,109,705
Closing provision for known claims 39,960,240 2,457,088 42,417,328
Total provision as at 31 March 2021 82,785,240 2,457,088 85,242,328

Analysis of expected timing of discounted 67,112,324 2,457,088 69,569,412
cash flow: Later than five years

Total provision as at 31 March 2021 82,785,240 2,457,088 85,242,328
8. Contingent liabilities
Contingent liability as at 31 March 2021 46,079,751 1,392,285 47,472,036