Question reference: S5W-09300
- Asked by: Edward Mountain, MSP for Highlands and Islands, Scottish Conservative and Unionist Party
- Date lodged: 18 May 2017
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Current status: Answered by Keith Brown on 31 May 2017
Question
To ask the Scottish Government what book value of Glasgow Prestwick Airport was recorded in its 2016-17 accounts, and how this compares with the open market value as defined by the Royal Institution of Chartered Surveyors' (RICS) valuations and appraisals manual.
Answer
The annual accounts of TS Prestwick Holdco Limited for financial year 2016-17 are presently in the process of being audited. The published annual accounts for financial year 2015-16 record a book value of £3.670 million in respect of non-current assets with appropriate disclosure on the basis of valuation recorded in the Notes to the audited accounts.
For appropriate business reasons Glasgow Prestwick Airport has obtained an open market valuation as defined by the Royal Institution of Chartered Surveyors professional standards. This information is considered to be commercially sensitive.