£(m)
                                                                          
 
(1)  Assumed start of 1990/91 debt                                    9.218188 
(2)  Assumed 1990/91 debt repayment                                   0.368728 
      (= 4% of line 1)
(3)  Actual 1990/91 Credit Approvals                                  0.200000 
(4)  Assumed end 1990/91 (start 1991/92) debt                         9.049461 
      (= line 1 - line 2 + line 3)
(5)  Assumed 1991/92 debt repayment                                   0.361978
      (= 4% of line 4)
(6)  Estimated 1991/92 Credit Approvals                               0.556000
(7)  Assumed end 1991/92 (start 1992/93) debt                         9.243482
      (= line 4 - line 5 + line 6)
(8)  Assumed 1992/93 debt repayment                                   0.369739
      (= 4% of line 7)
(9)  Estimated 1992/93 Credit Approvals                               0.352000
(10) Assumed end 1992/93 debt                                         9.225743
      (= line 7 - line 8 + line 9)
(11) Assumed Further Education Debt                                   0.000000
(12) Assumed start 1993/94 debt after FE debt adjustment              9.225743
      (= line 10 - line 11)
(13) Assumed 1993/94 debt repayment                                   0.369030
      (= 4% of line 12)
(14) Estimated 1993/94 Credit Approvals                               0.284000
(15) Assumed end 1993/94 (start 1994/95) debt                         9.140713
      (= line 12 - line 13 + line 14)
(16) Assumed 1994/95 debt repayment                                   0.365629
      (= 4% of line 15)
(17) Estimated 1994/95 Credit Approvals                               0.122000
(18) Assumed end 1994/95 (start 1995/96) debt                         8.897085
      (= line 15 - line 16 + line 17)
(19) Assumed 1995/96 debt repayment                                   0.355883
      (= 4% of line 18)
(20) Estimated 1995/96 Credit Approvals                               0.133000
(21) Assumed end 1995/96 (start 1996/97) debt                         8.674201
      (= line 18 - line 19 + line 20)
(22) Assumed 1996/97 debt repayment                                   0.346968
      (= 4% of line 21)
(23) Estimated 1996/97 Credit Approvals                               0.226000
(24) Assumed end 1996/97 (start 1997/98) debt                         8.553233
      (= line 21 - line 22 + line 23)
(25) Assumed 1997/98 debt repayment                                   0.342129
      (= 4% of line 24)
(26) Estimated 1997/98 Credit Approvals                               0.183000
(27) Assumed end 1997/98 (start 1998/99) debt                         8.394104
      (= line 24 - line 25 + line 26)
(28) Assumed 1998/99 debt repayment                                   0.335764
      (= 4% of line 27)
(29) Estimated 1998/99 Credit Approvals                               0.569000
(30) Assumed end 1998/99 (start 1999/2000) debt                       8.627340
      (= line 27 - line 28 + line 29)
(31) Assumed 1999/2000 debt repayment                                 0.345094
      (= 4% of line 30)
(32) Estimated 1999/2000 Credit Approvals                             0.884000
(33) Assumed end 1999/2000 (start 2000/2001) debt                     9.166246
      (= line 30 - line 31 + line 32)
(34) Assumed 2000/2001 debt repayment                                 0.366650
      (= 4% of line 33)
(35) Estimated 2000/2001 Credit Approvals                             1.711000
(36) Assumed end 2000/2001 (start 2001/2002) debt                    10.510596
      (= line 33 - line 34 + line 35)
(37) Assumed 2001/2002 debt repayment                                 0.420424
      (= 4% of line 36)
(38) Estimated 2001/2002 Credit Approvals                             1.456000
(39) Assumed end 2001/2002 (start 2002/2003) debt                    11.546173
      (= line 36 - line 37 + line 38)
(40) Assumed 2002/2003 debt repayment                                 0.461847
      (= 4% of line 39)
(41) Estimated 2002/2003 Credit Approvals                             2.410000
(42) Assumed end 2002/2003 (start 2003/2004) debt                    13.494326
      (= line 39 - line 40 + line 41)
(43) Assumed 2003/2004 debt repayment                                 0.539773
      (= 4% of line 42)
(44) Estimated 2003/2004 Credit Approvals                             1.682734
(45) Assumed end 2003/2004 (start 2004/2005) debt                    14.637287
      (= line 42 - line 43 + line 44)

LGF-FGD - May 2008. Contact: Tom Joss on Thomas.Joss@communities.gsi.gov.uk.

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