Public Works Loan Board
Year End Data
Audit statements for the financial year end 31 March will be sent automatically to all current borrowers. If the statement is not received by 10 April please send your request to PWLB Audit Statement Request with the following information:
- PWLB reference number
- Date of audit statement
Please note that during busy periods it may take two to three days to complete your request.
Year End Values
It is the responsibility of borrowers to calculate the value of their loans at year end.
PWLB has made available data to help borrowers to calculate the fair value of their loans. PWLB has also provided a calculation that, whilst not meeting the requirements of paragraph 126.96.36.199 of the Code, will be useful in meeting the additional disclosures suggested by the Code Guidance Notes. It calculates a value for each loan at the end of the financial year as the aggregate net present value of future cash flows, discounted using the appropriate discount rate taken from the premature repayment set of rates in force at close of business on the last working day of the financial year, using the formulae on the Technical Help page.
Each borrower's debt outstanding to the Board at the year end is analysed into period bands with the average rate of interest payable for each band. Totals for types of authority, national and grand totals are also given.