
10 July 2007, 6:13pm
The national mapping agency posted a surplus of £6.2 million (before interest and dividend) on an operating turnover of £115.5 million, and spending on investment was £21.5 million.
The Report shows that Ordnance Survey exceeded all five financial and service quality targets set by government for 2006-07 and will pay a £4.6 million dividend to the Government. The results also mean that Ordnance Survey has met the target for achieving a return on capital employed, averaged over the three-year period 1 April 2004 to 31 March 2007, of at least 5.5%.
Ordnance Survey Annual Report and Accounts can be viewed and downloaded at www.ordnancesurvey.co.uk/annualreport.
www.ordnancesurvey.co.uk/annualreport

Each month we select a hot topic and a leading figure in the industry to write about it.HAVE WE REALLY LEARNT THE LESSONS FROM LAST YEAR’S FLOODS?
Flooding costs associated with extreme weather, both financial and emotional, have increased considerably over the last decade, and experts have predicted this trend is set to continue.
Paul Livett, Chairman of GroundSure looks into how increasing the use of flood risk information in property transactions can help to ensure both residential and commercial transactions are conducted on a truly informed basis, with buyers being made aware of environmental risks prior to purchase.
Over 2.2 million homes and small businesses in the UK are located in areas considered at risk of flooding, and the Association of British Insurers (ABI) has said that 570,000 of these face a high risk of flooding. The floods in June and July last year left approximately 48,000 households… More…
Paul Livett
Chairman of GroundSure