{"text_format":"1","workbook":"xlsx","n_sheets":17,"sheets":["Cover","Input","RAV","Finance","AllowancesCap","AllowancesFloor","Deductions","TaxCap","TaxFloor","Availability","Assessment","Output","download from BoE","download from iBoxx","Market data","RPI","change log"],"not_rendered":{"charts":6,"images":0,"macros":1,"external_links":1,"defined_names":78,"comments":2,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Cover","index":0,"n_rows":42,"n_cols":7,"rows_kept":42,"cut":false,"hidden":false,"merged":[[3,2,3,6]]}
["Standard cap and floor financial model"]
[null,"Regime design model"]
[null,null,{"$f":"MID(CELL(\"filename\"),SEARCH(\"[\",CELL(\"filename\"))+1,SEARCH(\"]\",CELL(\"filename\"))-SEARCH(\"[\",CELL(\"filename\"))-1)","v":"Copy of CFFM NSL 201516 cost base 20161014.xlsm"}]
[null,null,"DISCLAIMER: The inputs used in this model are purely illustrative. No inference should be made about the regulatory settlement for any interconnector's costs, e.g. capital expenditure or operating expenditure, and hence the level of the cap and floor. This illustrative nature extends to the cost of capital inputs, since under our proposed methodology these will be only known at financial close."]
[]
[null,"Model key"]
[]
[null,null,null,null,"Sample",null,"Calculated value"]
[null,null,null,null,"Sample",null,"Import"]
[null,null,null,null,"Sample",null,"Export"]
[null,null,null,null,"Sample",null,"Formula change in cells to the right"]
[null,null,null,null,"Sample",null,"Initial inputs"]
[null,null,null,null,"Sample",null,"Updated inputs"]
[null,null,null,null,"Sample",null,"Notes and instructions"]
[null,null,null,null,"Sample",null,"Cell intentionally blank"]
[]
[null,"Contents"]
[]
[null,null,null,null,"INTERFACE >"]
[null,null,null,null,"Cover",null,"Model key and content directory"]
[null,null,null,null,"Input",null,"Inputs"]
[null,null,null,null,"CALCULATION >"]
[null,null,null,null,"RAV",null,"Pre-operational and Operational RAV balances and depreciation"]
[null,null,null,null,"Finance",null,"RAV return, IDC and transaction costs"]
[null,null,null,null,"AllowancesCap",null,"Cap allowances and annuitisation"]
[null,null,null,null,"AllowancesFloor",null,"Floor allowances and annuitisation"]
[null,null,null,null,"Deductions",null,"Tax depreciation and interest calculations"]
[null,null,null,null,"TaxCap",null,"Tax allowance calculation with cap returns"]
[null,null,null,null,"TaxFloor",null,"Tax allowance calculation with floor returns"]
[null,null,null,null,"Availability",null,"Availability incentive calculations"]
[null,null,null,null,"Assessment",null,"Assessment of the cap and the floor"]
[null,null,null,null,"OUTPUTS >"]
[null,null,null,null,"Output",null,"Cap and floor values and adjustments"]
[null,null,null,null,"DATA >"]
[null,null,null,null,"Download from BoE"]
[null,null,null,null,"Download from iBoxx"]
[null,null,null,null,"Market data"]
[null,null,null,null,"RPI"]
[null,null,null,null,"Change log"]
[]
[]
[null,"End of sheet"]

{"sheet":"Input","index":1,"n_rows":92,"n_cols":50,"rows_kept":92,"cut":false,"hidden":false,"merged":[]}
["Input",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":" - I88 + 1","v":-11},{"$f":"K3 + 1","v":-10},{"$f":"L3 + 1","v":-9},{"$f":"M3 + 1","v":-8},{"$f":"N3 + 1","v":-7},{"$f":"O3 + 1","v":-6},{"$f":"P3 + 1","v":-5},{"$f":"Q3 + 1","v":-4},{"$f":"R3 + 1","v":-3},{"$f":"S3 + 1","v":-2},{"$f":"T3 + 1","v":-1},{"$f":"U3 + 1","v":0},{"$f":"V3 + 1","v":1},{"$f":"W3 + 1","v":2},{"$f":"X3 + 1","v":3},{"$f":"Y3 + 1","v":4},{"$f":"Z3 + 1","v":5},{"$f":"AA3 + 1","v":6},{"$f":"AB3 + 1","v":7},{"$f":"AC3 + 1","v":8},{"$f":"AD3 + 1","v":9},{"$f":"AE3 + 1","v":10},{"$f":"AF3 + 1","v":11},{"$f":"AG3 + 1","v":12},{"$f":"AH3 + 1","v":13},{"$f":"AI3 + 1","v":14},{"$f":"AJ3 + 1","v":15},{"$f":"AK3 + 1","v":16},{"$f":"AL3 + 1","v":17},{"$f":"AM3 + 1","v":18},{"$f":"AN3 + 1","v":19},{"$f":"AO3 + 1","v":20},{"$f":"AP3 + 1","v":21},{"$f":"AQ3 + 1","v":22},{"$f":"AR3 + 1","v":23},{"$f":"AS3 + 1","v":24},{"$f":"AT3 + 1","v":25},{"$f":"AU3 + 1","v":26},{"$f":"AV3 + 1","v":27},{"$f":"AW3 + 1","v":28}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"DATE(YEAR(I87)  -I88 + 1, MONTH(I87), DAY(I87) -1)","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31",{"$f":"DATE(YEAR(N4) + 1, MONTH(N4), DAY(N4))","v":"2014-12-31"},{"$f":"DATE(YEAR(O4) + 1, MONTH(O4), DAY(O4))","v":"2015-12-31"},{"$f":"DATE(YEAR(P4) + 1, MONTH(P4), DAY(P4))","v":"2016-12-31"},{"$f":"DATE(YEAR(Q4) + 1, MONTH(Q4), DAY(Q4))","v":"2017-12-31"},{"$f":"DATE(YEAR(R4) + 1, MONTH(R4), DAY(R4))","v":"2018-12-31"},{"$f":"DATE(YEAR(S4) + 1, MONTH(S4), DAY(S4))","v":"2019-12-31"},{"$f":"DATE(YEAR(T4) + 1, MONTH(T4), DAY(T4))","v":"2020-12-31"},{"$f":"DATE(YEAR(U4) + 1, MONTH(U4), DAY(U4))","v":"2021-12-31"},{"$f":"DATE(YEAR(V4) + 1, MONTH(V4), DAY(V4))","v":"2022-12-31"},{"$f":"DATE(YEAR(W4) + 1, MONTH(W4), DAY(W4))","v":"2023-12-31"},{"$f":"DATE(YEAR(X4) + 1, MONTH(X4), DAY(X4))","v":"2024-12-31"},{"$f":"DATE(YEAR(Y4) + 1, MONTH(Y4), DAY(Y4))","v":"2025-12-31"},{"$f":"DATE(YEAR(Z4) + 1, MONTH(Z4), DAY(Z4))","v":"2026-12-31"},{"$f":"DATE(YEAR(AA4) + 1, MONTH(AA4), DAY(AA4))","v":"2027-12-31"},{"$f":"DATE(YEAR(AB4) + 1, MONTH(AB4), DAY(AB4))","v":"2028-12-31"},{"$f":"DATE(YEAR(AC4) + 1, MONTH(AC4), DAY(AC4))","v":"2029-12-31"},{"$f":"DATE(YEAR(AD4) + 1, MONTH(AD4), DAY(AD4))","v":"2030-12-31"},{"$f":"DATE(YEAR(AE4) + 1, MONTH(AE4), DAY(AE4))","v":"2031-12-31"},{"$f":"DATE(YEAR(AF4) + 1, MONTH(AF4), DAY(AF4))","v":"2032-12-31"},{"$f":"DATE(YEAR(AG4) + 1, MONTH(AG4), DAY(AG4))","v":"2033-12-31"},{"$f":"DATE(YEAR(AH4) + 1, MONTH(AH4), DAY(AH4))","v":"2034-12-31"},{"$f":"DATE(YEAR(AI4) + 1, MONTH(AI4), DAY(AI4))","v":"2035-12-31"},{"$f":"DATE(YEAR(AJ4) + 1, MONTH(AJ4), DAY(AJ4))","v":"2036-12-31"},{"$f":"DATE(YEAR(AK4) + 1, MONTH(AK4), DAY(AK4))","v":"2037-12-31"},{"$f":"DATE(YEAR(AL4) + 1, MONTH(AL4), DAY(AL4))","v":"2038-12-31"},{"$f":"DATE(YEAR(AM4) + 1, MONTH(AM4), DAY(AM4))","v":"2039-12-31"},{"$f":"DATE(YEAR(AN4) + 1, MONTH(AN4), DAY(AN4))","v":"2040-12-31"},{"$f":"DATE(YEAR(AO4) + 1, MONTH(AO4), DAY(AO4))","v":"2041-12-31"},{"$f":"DATE(YEAR(AP4) + 1, MONTH(AP4), DAY(AP4))","v":"2042-12-31"},{"$f":"DATE(YEAR(AQ4) + 1, MONTH(AQ4), DAY(AQ4))","v":"2043-12-31"},{"$f":"DATE(YEAR(AR4) + 1, MONTH(AR4), DAY(AR4))","v":"2044-12-31"},{"$f":"DATE(YEAR(AS4) + 1, MONTH(AS4), DAY(AS4))","v":"2045-12-31"},{"$f":"DATE(YEAR(AT4) + 1, MONTH(AT4), DAY(AT4))","v":"2046-12-31"},{"$f":"DATE(YEAR(AU4) + 1, MONTH(AU4), DAY(AU4))","v":"2047-12-31"},{"$f":"DATE(YEAR(AV4) + 1, MONTH(AV4), DAY(AV4))","v":"2048-12-31"},{"$f":"DATE(YEAR(AW4) + 1, MONTH(AW4), DAY(AW4))","v":"2049-12-31"}]
[]
[null,"Variables set after financial close"]
[]
[null,null,"Actual value"]
[]
[null,null,null,null,"Development costs",null,"£m 13/14 prices",null,null,null,{"$f":"0.029+0.303","v":0.33200000000000002},0.51,6.4630000000000001,1.397,3.4910000000000001,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Average exchange rate (XUMAERS)",null,"EUR / GBP",null,null,null,{"$f":"RPI!K154","v":1.177},{"$f":"RPI!L154","v":1.1599999999999999},{"$f":"RPI!M154","v":1.2270000000000001},{"$f":"RPI!N154","v":1.1859999999999999},{"$f":"RPI!O154","v":1.2749999999999999},{"$f":"RPI!P154","v":1.367},{"$f":"P12","v":1.367},{"$f":"Q12","v":1.367},1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367]
[null,null,null,null,"UK RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,null,null,{"$f":"K81","v":226.47499999999999},{"$f":"L81","v":237.34200000000001},244.67500000000001,251.733,256.66699999999997,259.21699999999998,266.24178069999994,273.45693295696992,280.86761584010378,288.47912822937059,296.29691260438648,304.32655893596529,312.57380868312993,321.04455889844269,329.74486644459046,338.68095232523882,347.85920613325277,357.28619061946387,366.9686463852513,376.91349670229158,387.12785246292367,397.61901726466886,408.39449263254136,419.4619833828832,430.82940313255932,442.50487995745164,454.49676220429853,466.81362446003499,479.46427368290188,492.45775549970847,505.80336067375055,519.51063174800913,533.58936986838012,548.0496417918132,562.90178708437134,578.15642551435769,593.82446464579675,609.91710763769777,626.44586125467936,643.42254409468114]
[]
[null,null,null,null,"Development costs",null,"£m 15/16 prices",null,null,null,{"$f":"K10*$P13/$N13","v":0.34187033086643387},0.52516225524663041,6.6551444228607295,1.4385326874108679,3.5947871236587972,0,0,0,0,0,0,0]
[null,null,null,null,"Capex",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,27.909709408143531,43.938524625001847,48.189976633032657,74.751394964188506,146.80315375773984,175.23812705372836,86.408520515851279]
[null,null,null,null,"Spares",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Non-controllable opex (actual)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W32","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"€m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal prices","NARt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AVERAGE(Availability!W10, Availability!W11)*W13/$I$80","v":88.761160005919194},{"$f":"AVERAGE(Availability!X10, Availability!X11)*X13/$I$80","v":91.166587442079589},{"$f":"AVERAGE(Availability!Y10, Availability!Y11)*Y13/$I$80","v":93.637201961759928},{"$f":"AVERAGE(Availability!Z10, Availability!Z11)*Z13/$I$80","v":96.174770134923619},{"$f":"AVERAGE(Availability!AA10, Availability!AA11)*AA13/$I$80","v":98.781106405580033},{"$f":"AVERAGE(Availability!AB10, Availability!AB11)*AB13/$I$80","v":101.45807438917124},{"$f":"AVERAGE(Availability!AC10, Availability!AC11)*AC13/$I$80","v":104.20758820511777},{"$f":"AVERAGE(Availability!AD10, Availability!AD11)*AD13/$I$80","v":107.03161384547646},{"$f":"AVERAGE(Availability!AE10, Availability!AE11)*AE13/$I$80","v":109.93217058068886},{"$f":"AVERAGE(Availability!AF10, Availability!AF11)*AF13/$I$80","v":112.91133240342552},{"$f":"AVERAGE(Availability!AG10, Availability!AG11)*AG13/$I$80","v":115.97122951155835},{"$f":"AVERAGE(Availability!AH10, Availability!AH11)*AH13/$I$80","v":119.11404983132157},{"$f":"AVERAGE(Availability!AI10, Availability!AI11)*AI13/$I$80","v":122.34204058175038},{"$f":"AVERAGE(Availability!AJ10, Availability!AJ11)*AJ13/$I$80","v":125.65750988151581},{"$f":"AVERAGE(Availability!AK10, Availability!AK11)*AK13/$I$80","v":129.06282839930486},{"$f":"AVERAGE(Availability!AL10, Availability!AL11)*AL13/$I$80","v":132.56043104892601},{"$f":"AVERAGE(Availability!AM10, Availability!AM11)*AM13/$I$80","v":136.1528187303519},{"$f":"AVERAGE(Availability!AN10, Availability!AN11)*AN13/$I$80","v":139.84256011794443},{"$f":"AVERAGE(Availability!AO10, Availability!AO11)*AO13/$I$80","v":143.63229349714069},{"$f":"AVERAGE(Availability!AP10, Availability!AP11)*AP13/$I$80","v":147.5247286509132},{"$f":"AVERAGE(Availability!AQ10, Availability!AQ11)*AQ13/$I$80","v":151.52264879735296},{"$f":"AVERAGE(Availability!AR10, Availability!AR11)*AR13/$I$80","v":155.62891257976119},{"$f":"AVERAGE(Availability!AS10, Availability!AS11)*AS13/$I$80","v":159.84645611067273},{"$f":"AVERAGE(Availability!AT10, Availability!AT11)*AT13/$I$80","v":164.17829507127192},{"$f":"AVERAGE(Availability!AU10, Availability!AU11)*AU13/$I$80","v":168.62752686770338},{"$f":"AVERAGE(Availability!AV10, Availability!AV11)*AV13/$I$80","v":173.19733284581812},{"$f":"AVERAGE(Availability!AW10, Availability!AW11)*AW13/$I$80","v":177.8909805659398},{"$f":"AVERAGE(Availability!AX10, Availability!AX11)*AX13/$I$80","v":182.71182613927675}]
[null,null,null,null,"Within-period adjustment (assessed)",null,"£m nominal","WPAt"]
[]
[null,null,"Ex ante allowance"]
[]
[null,null,null,null,"Replacement capex",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,15,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Decommissioning baseline / actual",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,6.5,0,0,0]
[null,null,null,null,"Controllable opex",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,0,0,0]
[null,null,null,null,"Non-controllable opex (baseline)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,"Variables set at financial close"]
[]
[null,null,"Finance"]
[]
[null,null,null,null,"Cap returns",null,"real annual %",null,{"$f":"'Market data'!I30","v":7.9749999999999988E-2}]
[null,null,null,null,"Floor returns",null,"real annual %",null,{"$f":"'Market data'!I48","v":8.8000000000000005E-3}]
[null,null,null,null,"Operational discount rate",null,"real annual %",null,{"$f":"(I39 + I40) / 2","v":4.4274999999999995E-2}]
[null,null,null,null,"Interest during construction",null,"real annual %",null,{"$f":"'Market data'!I74","v":6.3700000000000007E-2}]
[null,null,null,null,"Cost of debt (for tax)",null,"real annual %",null,{"$f":"I40","v":8.8000000000000005E-3}]
[null,null,null,null,"Pre-operational notional gearing",null,"%",null,{"$f":"'Market data'!I76","v":0.33410000000000001}]
[null,null,null,null,"Operational notional gearing",null,"%",null,{"$f":"'Market data'!I13","v":0.5}]
[]
[null,null,null,null,"Equity transaction costs",null,"%",null,0.05]
[null,null,null,null,"Debt transaction costs",null,"%",null,2.5000000000000001E-2]
[]
[null,null,"Availability incentive"]
[]
[null,null,null,null,"Interconnector Rated Capacity",null,"MW","RC",1400]
[null,null,null,null,"Number of Hours in Relevant Year",null,"hours pa",null,{"$f":"365.25*24","v":8766}]
[]
[null,null,null,null,"Cap availability incentive ratio",null,"ratio",null,1]
[null,null,null,null,"Cap availability incentive target",null,"%",null,0.93]
[null,null,null,null,"Cap availability incentive upper limit",null,"scalar",null,1.02]
[null,null,null,null,"Cap availability incentive lower limit",null,"scalar",null,0.98]
[]
[null,null,null,null,"Total Interconnector Outages during Active Cap period",null,"MWh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Allowed Outages during Active Cap period",null,"MWh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Cap period",null,"MWh","IOt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W60-W61","v":0},{"$f":"X60-X61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages during Active Floor period",null,"MWh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Allowed Outages during Active Floor period",null,"MWh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Floor period",null,"MWh","IOt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W63-W64","v":0},{"$f":"X63-X64","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Outages associated with Exceptional Events",null,"MWh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Floor availability incentive target",null,"%",null,0.8]
[]
[null,null,"Tax"]
[]
[null,null,null,null,"Corporation tax rate",null,"%",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.2,{"$f":"W72","v":0.2},{"$f":"X72","v":0.2},0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2]
[null,null,null,null,"Capital allowance rate (declining balance)",null,"%",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.08,{"$f":"W73","v":0.08},{"$f":"X73","v":0.08},0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08]
[]
[null,null,"Inflation & currency"]
[]
[null,null,null,null,"GB allocation",null,"%",null,1]
[null,null,null,null,"Expected UK RPI inflation",null,"%",null,{"$f":"'Market data'!I53","v":2.7099999999999999E-2}]
[null,null,null,null,"End date of price base year",null,"date",null,"2016-03-31"]
[null,null,null,null,{"$f":"RPI!E10","v":"2015/16 RPI inflation index value (CHAW)"},null,{"$f":"RPI!G10","v":"Jan 1987 = 100"},null,{"$f":"RPI!I10","v":259.21699999999998}]
[null,null,null,null,"12 month average UK RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,null,null,{"$f":"RPI!K147","v":226.47499999999999},{"$f":"RPI!L147","v":237.34200000000001},{"$f":"RPI!M147","v":244.67500000000001},{"$f":"RPI!N147","v":251.733},{"$f":"RPI!O147","v":256.66699999999997},{"$f":"RPI!P147","v":259.21699999999998},{"$f":"P81 * (1 + $I78)","v":266.24178069999994},273.45693295696992,280.86761584010378,288.47912822937059,296.29691260438648,304.32655893596529,312.57380868312993,321.04455889844269,329.74486644459046,338.68095232523882,347.85920613325277,357.28619061946387,366.9686463852513,376.91349670229158,387.12785246292367,397.61901726466886,408.39449263254136,419.4619833828832,430.82940313255932,442.50487995745164,454.49676220429853,466.81362446003499,479.46427368290188,492.45775549970847,505.80336067375055,519.51063174800913,533.58936986838012,548.0496417918132,562.90178708437134,578.15642551435769,593.82446464579675,609.91710763769777,626.44586125467936,643.42254409468114]
[]
[]
[null,null,"Model operation"]
[null,null,"Note: changes in these variables may require structural changes to the model."]
[]
[null,null,null,null,"Operational start date",null,"date",null,"2022-01-01"]
[null,null,null,null,"Number of pre-operational years",null,"full years",null,12]
[null,null,null,null,"Number of operational years",null,"full years",null,25]
[null,null,null,null,"Assessment period length",null,"full years",null,5]
[]
[null,"End of sheet"]

{"sheet":"RAV","index":2,"n_rows":41,"n_cols":50,"rows_kept":41,"cut":false,"hidden":false,"merged":[]}
["RAV",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Running total RAV"]
[]
[null,null,"Pre-operational"]
[]
[null,null,null,null,"Opening pre-operational RAV (before transfers)",null,"£m 15/16 prices",null,null,null,null,{"$f":"K17","v":0.35242280461561826},0.91624451785386607,7.8351773244566427,{"$f":"N17","v":9.8172138370366362},14.148317379278531,43.82076052263821,91.90691318028135,147.43883486987966,{"$f":"S17","v":233.8894266686394},{"$f":"T17","v":400.1226936403404},{"$f":"U17","v":606.25769219470317},{"$f":"V17","v":733.95198996379202}]
[null,null,null,null,"Pre-operational RAV transfers",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-W10","v":-733.95198996379202}]
[null,null,null,null,"Opening pre-operational RAV (after transfers)",null,"£m 15/16 prices",null,null,null,{"$f":"SUM(K10:K11)","v":0},{"$f":"SUM(L10:L11)","v":0.35242280461561826},0.91624451785386607,7.8351773244566427,9.8172138370366362,14.148317379278531,43.82076052263821,{"$f":"SUM(R10:R11)","v":91.90691318028135},147.43883486987966,{"$f":"SUM(T10:T11)","v":233.8894266686394},{"$f":"SUM(U10:U11)","v":400.1226936403404},{"$f":"SUM(V10:V11)","v":606.25769219470317}]
[null,null,null,null,{"$f":"Input!E15","v":"Development costs"},null,"£m 15/16 prices",null,null,null,{"$f":"Input!K15","v":0.34187033086643387},{"$f":"Input!L15","v":0.52516225524663041},{"$f":"Input!M15","v":6.6551444228607295},{"$f":"Input!N15","v":1.4385326874108679},{"$f":"Input!O15","v":3.5947871236587972},{"$f":"Input!P15","v":0},{"$f":"Input!Q15","v":0},{"$f":"Input!R15","v":0},{"$f":"Input!S15","v":0},{"$f":"Input!T15","v":0},{"$f":"Input!U15","v":0},{"$f":"Input!V15","v":0}]
[null,null,null,null,{"$f":"Input!E16","v":"Capex"},null,"£m 15/16 prices",null,null,null,{"$f":"Input!K16","v":0},{"$f":"Input!L16","v":0},{"$f":"Input!M16","v":0},{"$f":"Input!N16","v":0},{"$f":"Input!O16","v":0},{"$f":"Input!P16","v":27.909709408143531},{"$f":"Input!Q16","v":43.938524625001847},{"$f":"Input!R16","v":48.189976633032657},{"$f":"Input!S16","v":74.751394964188506},{"$f":"Input!T16","v":146.80315375773984},{"$f":"Input!U16","v":175.23812705372836},{"$f":"Input!V16","v":86.408520515851279}]
[null,null,null,null,{"$f":"Input!E17","v":"Spares"},null,"£m 15/16 prices",null,null,null,{"$f":"Input!K17","v":0},{"$f":"Input!L17","v":0},{"$f":"Input!M17","v":0},{"$f":"Input!N17","v":0},{"$f":"Input!O17","v":0},{"$f":"Input!P17","v":0},{"$f":"Input!Q17","v":0},{"$f":"Input!R17","v":0},{"$f":"Input!S17","v":0},{"$f":"Input!T17","v":0},{"$f":"Input!U17","v":0},{"$f":"Input!V17","v":0}]
[null,null,null,null,{"$f":"Finance!E31","v":"Capitalised IDC"},null,"£m 15/16 prices",null,null,null,{"$f":"Finance!K31","v":1.0552473749184397E-2},{"$f":"Finance!L31","v":3.8659457991617428E-2},{"$f":"Finance!M31","v":0.26378838374204661},{"$f":"Finance!N31","v":0.54350382516912499},{"$f":"Finance!O31","v":0.73631641858309749},{"$f":"Finance!P31","v":1.7627337352161425},{"$f":"Finance!Q31","v":4.1476280326412898},{"$f":"Finance!R31","v":7.3419450565656454},{"$f":"Finance!S31","v":11.699196834571227},{"$f":"Finance!T31","v":19.430113213961217},{"$f":"Finance!U31","v":30.896871500634461},{"$f":"Finance!V31","v":41.285777253237605}]
[null,null,null,null,"Closing pre-operational RAV (after IDC)",null,"£m 15/16 prices",null,null,null,{"$f":"SUM(K12:K16)","v":0.35242280461561826},0.91624451785386607,7.8351773244566427,9.8172138370366362,14.148317379278531,43.82076052263821,91.90691318028135,{"$f":"SUM(R12:R16)","v":147.43883486987966},{"$f":"SUM(S12:S16)","v":233.8894266686394},{"$f":"SUM(T12:T16)","v":400.1226936403404},{"$f":"SUM(U12:U16)","v":606.25769219470317},{"$f":"SUM(V12:V16)","v":733.95198996379202}]
[]
[null,null,"Operational"]
[]
[null,null,null,null,"Opening operational RAV (before transfers)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W27","v":738.20524174563229},707.44669000623094,676.68813826682958,645.92958652742823,615.17103478802687,584.41248304862552,553.65393130922416,522.89537956982281,492.13682783042145,461.3782760910201,430.61972435161874,399.86117261221739,369.10262087281603,338.34406913341468,322.58551739401332,290.32696565461197,258.06841391521061,225.80986217580929,193.55131043640796,161.29275869700663,129.03420695760531,96.77565521820398,64.517103478802653,32.258551739401327,0,0,0]
[null,null,null,null,"Transfers from pre-operational RAV",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-W11","v":733.95198996379202},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Opening operational RAV (after transfers)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W21:W22)","v":733.95198996379202},738.20524174563229,707.44669000623094,676.68813826682958,645.92958652742823,615.17103478802687,584.41248304862552,553.65393130922416,522.89537956982281,492.13682783042145,461.3782760910201,430.61972435161874,399.86117261221739,369.10262087281603,338.34406913341468,322.58551739401332,290.32696565461197,258.06841391521061,225.80986217580929,193.55131043640796,161.29275869700663,129.03420695760531,96.77565521820398,64.517103478802653,32.258551739401327,0,0,0]
[null,null,null,null,{"$f":"Finance!E61","v":"Transaction costs"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Finance!W61","v":33.61133138039186}]
[null,null,null,null,{"$f":"Input!E29","v":"Replacement capex"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W29","v":0},{"$f":"Input!X29","v":0},{"$f":"Input!Y29","v":0},{"$f":"Input!Z29","v":0},{"$f":"Input!AA29","v":0},{"$f":"Input!AB29","v":0},{"$f":"Input!AC29","v":0},{"$f":"Input!AD29","v":0},{"$f":"Input!AE29","v":0},{"$f":"Input!AF29","v":0},{"$f":"Input!AG29","v":0},{"$f":"Input!AH29","v":0},{"$f":"Input!AI29","v":0},{"$f":"Input!AJ29","v":0},{"$f":"Input!AK29","v":15},{"$f":"Input!AL29","v":0},{"$f":"Input!AM29","v":0},{"$f":"Input!AN29","v":0},{"$f":"Input!AO29","v":0},{"$f":"Input!AP29","v":0},{"$f":"Input!AQ29","v":0},{"$f":"Input!AR29","v":0},{"$f":"Input!AS29","v":0},{"$f":"Input!AT29","v":0},{"$f":"Input!AU29","v":0},{"$f":"Input!AV29","v":0},{"$f":"Input!AW29","v":0},{"$f":"Input!AX29","v":0}]
[null,null,null,null,"Depreciation (negative)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":" - W37","v":-29.358079598551679},{"$f":" - X37","v":-30.758551739401344},-30.758551739401344,-30.758551739401344,-30.758551739401344,-30.758551739401344,-30.758551739401344,-30.758551739401341,-30.758551739401341,-30.758551739401341,-30.758551739401341,-30.758551739401337,-30.758551739401337,-30.758551739401337,-30.758551739401334,-32.258551739401334,-32.258551739401327,-32.258551739401327,-32.258551739401327,-32.258551739401327,-32.258551739401327,-32.258551739401327,-32.258551739401327,-32.258551739401327,-32.258551739401327,0,0,0]
[null,null,null,null,"Closing operational RAV",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W23:W26)","v":738.20524174563229},{"$f":"SUM(X23:X26)","v":707.44669000623094},676.68813826682958,645.92958652742823,615.17103478802687,584.41248304862552,553.65393130922416,522.89537956982281,492.13682783042145,461.3782760910201,430.61972435161874,399.86117261221739,369.10262087281603,338.34406913341468,322.58551739401332,290.32696565461197,258.06841391521061,225.80986217580929,193.55131043640796,161.29275869700663,129.03420695760531,96.77565521820398,64.517103478802653,32.258551739401327,0,0,0,0]
[]
[null,null,null,null,"Average operational RAV",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AVERAGE(W23, W27)","v":736.0786158547121},722.82596587593162,692.06741413653026,661.30886239712891,630.55031065772755,599.7917589183262,569.03320717892484,538.27465543952349,507.51610370012213,476.75755196072078,445.99900022131942,415.24044848191807,384.48189674251671,353.72334500311536,330.464793263714,306.45624152431265,274.19768978491129,241.93913804550994,209.68058630610864,177.42203456670728,145.16348282730598,112.90493108790464,80.646379348503316,48.38782760910199,16.129275869700663,0,0,0]
[]
[null,"RAV depreciation"]
[]
[null,null,null,null,"Number of operational years",null,"full years",null,{"$f":"Input!I89","v":25}]
[null,null,null,null,"Years remaining until end of operational period",null,"full years",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"I33","v":25},{"$f":"W34 - 1","v":24},23,22,21,20,19,18,17,16,15,14,13,12,11,10,9,8,7,6,5,4,3,2,1,0,-1,-2]
[null,null,null,null,"Year is before end of operational period",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W34 > 0","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false]
[]
[null,null,null,null,"RAV depreciation",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W35, W23 / W34, 0)","v":29.358079598551679},{"$f":"IF(X35, X23 / X34, 0)","v":30.758551739401344},{"$f":"IF(Y35, Y23 / Y34, 0)","v":30.758551739401344},{"$f":"IF(Z35, Z23 / Z34, 0)","v":30.758551739401344},30.758551739401344,30.758551739401344,30.758551739401344,30.758551739401341,30.758551739401341,30.758551739401341,30.758551739401341,30.758551739401337,30.758551739401337,30.758551739401337,30.758551739401334,32.258551739401334,32.258551739401327,32.258551739401327,32.258551739401327,32.258551739401327,32.258551739401327,32.258551739401327,32.258551739401327,32.258551739401327,32.258551739401327,0,0,0]
[]
[null,null,null,null,"Depreciation equal to additions",null,"test",null,{"$f":"SUM(K13:V16,W24:AX25) = SUM(W37:AX37)","v":true}]
[]
[null,"End of sheet"]

{"sheet":"Finance","index":3,"n_rows":87,"n_cols":50,"rows_kept":87,"cut":false,"hidden":false,"merged":[]}
["Finance",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Returns"]
[]
[null,null,"Operational RAV return"]
[]
[null,null,null,null,{"$f":"Input!E39","v":"Cap returns"},null,{"$f":"Input!G39","v":"real annual %"},null,{"$f":"Input!I39","v":7.9749999999999988E-2}]
[null,null,null,null,{"$f":"Input!E40","v":"Floor returns"},null,{"$f":"Input!G40","v":"real annual %"},null,{"$f":"Input!I40","v":8.8000000000000005E-3}]
[]
[null,null,null,null,"Opening operational RAV (after transfers)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W23","v":733.95198996379202},{"$f":"RAV!X23","v":738.20524174563229},{"$f":"RAV!Y23","v":707.44669000623094},{"$f":"RAV!Z23","v":676.68813826682958},{"$f":"RAV!AA23","v":645.92958652742823},{"$f":"RAV!AB23","v":615.17103478802687},{"$f":"RAV!AC23","v":584.41248304862552},{"$f":"RAV!AD23","v":553.65393130922416},{"$f":"RAV!AE23","v":522.89537956982281},{"$f":"RAV!AF23","v":492.13682783042145},{"$f":"RAV!AG23","v":461.3782760910201},{"$f":"RAV!AH23","v":430.61972435161874},{"$f":"RAV!AI23","v":399.86117261221739},{"$f":"RAV!AJ23","v":369.10262087281603},{"$f":"RAV!AK23","v":338.34406913341468},{"$f":"RAV!AL23","v":322.58551739401332},{"$f":"RAV!AM23","v":290.32696565461197},{"$f":"RAV!AN23","v":258.06841391521061},{"$f":"RAV!AO23","v":225.80986217580929},{"$f":"RAV!AP23","v":193.55131043640796},{"$f":"RAV!AQ23","v":161.29275869700663},{"$f":"RAV!AR23","v":129.03420695760531},{"$f":"RAV!AS23","v":96.77565521820398},{"$f":"RAV!AT23","v":64.517103478802653},{"$f":"RAV!AU23","v":32.258551739401327},{"$f":"RAV!AV23","v":0},{"$f":"RAV!AW23","v":0},{"$f":"RAV!AX23","v":0}]
[null,null,null,null,"Closing operational RAV",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W27","v":738.20524174563229},{"$f":"RAV!X27","v":707.44669000623094},{"$f":"RAV!Y27","v":676.68813826682958},{"$f":"RAV!Z27","v":645.92958652742823},{"$f":"RAV!AA27","v":615.17103478802687},{"$f":"RAV!AB27","v":584.41248304862552},{"$f":"RAV!AC27","v":553.65393130922416},{"$f":"RAV!AD27","v":522.89537956982281},{"$f":"RAV!AE27","v":492.13682783042145},{"$f":"RAV!AF27","v":461.3782760910201},{"$f":"RAV!AG27","v":430.61972435161874},{"$f":"RAV!AH27","v":399.86117261221739},{"$f":"RAV!AI27","v":369.10262087281603},{"$f":"RAV!AJ27","v":338.34406913341468},{"$f":"RAV!AK27","v":322.58551739401332},{"$f":"RAV!AL27","v":290.32696565461197},{"$f":"RAV!AM27","v":258.06841391521061},{"$f":"RAV!AN27","v":225.80986217580929},{"$f":"RAV!AO27","v":193.55131043640796},{"$f":"RAV!AP27","v":161.29275869700663},{"$f":"RAV!AQ27","v":129.03420695760531},{"$f":"RAV!AR27","v":96.77565521820398},{"$f":"RAV!AS27","v":64.517103478802653},{"$f":"RAV!AT27","v":32.258551739401327},{"$f":"RAV!AU27","v":0},{"$f":"RAV!AV27","v":0},{"$f":"RAV!AW27","v":0},{"$f":"RAV!AX27","v":0}]
[]
[null,null,null,null,"NPV neutral return base  (cap)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"0.5 * W$13 + 0.5 * W$14 / (1 + $I10)","v":708.81681079371924},{"$f":"0.5 * X$13 + 0.5 * X$14 / (1 + $I10)","v":696.70006935914671},667.07742616395342,637.45478296876013,607.83213977356672,578.20949657837355,548.58685338318014,518.96421018798685,489.34156699279356,459.71892379760021,430.09628060240686,400.47363740721357,370.85099421202028,341.22835101682693,318.55176014856113,295.73451172067507,264.66726329278902,233.60001486490296,202.5327664370169,171.46551800913088,140.39826958124485,109.33102115335879,78.263772725472748,47.196524297586706,16.129275869700663,0,0,0]
[null,null,null,null,"NPV neutral return base (floor)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"0.5 * W$13 + 0.5 * W$14 / (1 + $I11)","v":732.858846759073},719.74035382594411,689.11595913219435,658.49156443844458,627.86716974469493,597.24277505094528,566.61838035719552,535.99398566344576,505.36959096969605,474.74519627594634,444.12080158219658,413.49640688844687,382.87201219469716,352.2476175009474,329.05779854074251,305.18994627363827,273.07209400653409,240.9542417394299,208.83638947232572,176.71853720522154,144.60068493811735,112.4828326710132,80.364980403909016,48.247128136804839,16.129275869700663,0,0,0]
[]
[null,null,null,null,"Post-tax return (cap)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W16 * $I10","v":56.528140660799103},{"$f":"X16 * $I10","v":55.561830531391941},53.199424736575274,50.837018941758615,48.474613146941941,46.112207352125282,43.749801557308608,41.387395762491948,39.024989967675282,36.662584172858608,34.300178378041942,31.937772583225279,29.575366788408612,27.212960993591945,25.404502871847747,23.584827309723835,21.10721424759992,18.629601185476009,16.151988123352094,13.674375061228185,11.196761999104275,8.7191489369803623,6.2415358748564511,3.763922812732539,1.2863097506086276,0,0,0]
[null,null,null,null,"Post-tax return (floor)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W17 * $I11","v":6.4491578514798427},6.3337151136683083,6.0642204403633109,5.7947257670583125,5.525231093753316,5.2557364204483186,4.9862417471433211,4.7167470738383228,4.4472524005333254,4.1777577272283279,3.9082630539233301,3.6387683806183326,3.3692737073133352,3.0997790340083373,2.8957086271585344,2.6856715272080169,2.4030344272574999,2.1203973273069834,1.8377602273564664,1.5551231274059496,1.2724860274554328,0.98984892750491627,0.70721182755439937,0.4245747276038826,0.14193762765336584,0,0,0]
[]
[null,null,"Pre-operational IDC"]
[]
[null,null,null,null,{"$f":"Input!E42","v":"Interest during construction"},null,{"$f":"Input!G42","v":"real annual %"},null,{"$f":"Input!I42","v":6.3700000000000007E-2}]
[]
[null,null,null,null,{"$f":"RAV!E12","v":"Opening pre-operational RAV (after transfers)"},null,"£m 15/16 prices",null,null,null,{"$f":"RAV!K12","v":0},{"$f":"RAV!L12","v":0.35242280461561826},{"$f":"RAV!M12","v":0.91624451785386607},{"$f":"RAV!N12","v":7.8351773244566427},{"$f":"RAV!O12","v":9.8172138370366362},{"$f":"RAV!P12","v":14.148317379278531},{"$f":"RAV!Q12","v":43.82076052263821},{"$f":"RAV!R12","v":91.90691318028135},{"$f":"RAV!S12","v":147.43883486987966},{"$f":"RAV!T12","v":233.8894266686394},{"$f":"RAV!U12","v":400.1226936403404},{"$f":"RAV!V12","v":606.25769219470317}]
[null,null,null,null,{"$f":"Input!E15","v":"Development costs"},null,"£m 15/16 prices",null,null,null,{"$f":"Input!K15","v":0.34187033086643387},{"$f":"Input!L15","v":0.52516225524663041},{"$f":"Input!M15","v":6.6551444228607295},{"$f":"Input!N15","v":1.4385326874108679},{"$f":"Input!O15","v":3.5947871236587972},{"$f":"Input!P15","v":0},{"$f":"Input!Q15","v":0},{"$f":"Input!R15","v":0},{"$f":"Input!S15","v":0},{"$f":"Input!T15","v":0},{"$f":"Input!U15","v":0},{"$f":"Input!V15","v":0}]
[null,null,null,null,{"$f":"Input!E16","v":"Capex"},null,"£m 15/16 prices",null,null,null,{"$f":"Input!K16","v":0},{"$f":"Input!L16","v":0},{"$f":"Input!M16","v":0},{"$f":"Input!N16","v":0},{"$f":"Input!O16","v":0},{"$f":"Input!P16","v":27.909709408143531},{"$f":"Input!Q16","v":43.938524625001847},{"$f":"Input!R16","v":48.189976633032657},{"$f":"Input!S16","v":74.751394964188506},{"$f":"Input!T16","v":146.80315375773984},{"$f":"Input!U16","v":175.23812705372836},{"$f":"Input!V16","v":86.408520515851279}]
[null,null,null,null,{"$f":"Input!E17","v":"Spares"},null,"£m 15/16 prices",null,null,null,{"$f":"Input!K17","v":0},{"$f":"Input!L17","v":0},{"$f":"Input!M17","v":0},{"$f":"Input!N17","v":0},{"$f":"Input!O17","v":0},{"$f":"Input!P17","v":0},{"$f":"Input!Q17","v":0},{"$f":"Input!R17","v":0},{"$f":"Input!S17","v":0},{"$f":"Input!T17","v":0},{"$f":"Input!U17","v":0},{"$f":"Input!V17","v":0}]
[]
[null,null,null,null,"Capitalised IDC",null,"£m 15/16 prices",null,null,null,{"$f":"$I24 * (K26 + (K27 + K28 + K29) / (2 + $I24))","v":1.0552473749184397E-2},{"$f":"$I24 * (L26 + (L27 + L28 + L29) / (2 + $I24))","v":3.8659457991617428E-2},{"$f":"$I24 * (M26 + (M27 + M28 + M29) / (2 + $I24))","v":0.26378838374204661},{"$f":"$I24 * (N26 + (N27 + N28 + N29) / (2 + $I24))","v":0.54350382516912499},{"$f":"$I24 * (O26 + (O27 + O28 + O29) / (2 + $I24))","v":0.73631641858309749},{"$f":"$I24 * (P26 + (P27 + P28 + P29) / (2 + $I24))","v":1.7627337352161425},4.1476280326412898,7.3419450565656454,11.699196834571227,{"$f":"$I24 * (T26 + (T27 + T28 + T29) / (2 + $I24))","v":19.430113213961217},{"$f":"$I24 * (U26 + (U27 + U28 + U29) / (2 + $I24))","v":30.896871500634461},{"$f":"$I24 * (V26 + (V27 + V28 + V29) / (2 + $I24))","v":41.285777253237605}]
[]
[null,null,null,null,"NPV-equivalent return check",null,"check",null,null,null,{"$f":"K31 =  $I24 * 0.5 * (K26 + RAV!K17 / (1 + $I24))","v":true},{"$f":"L31 =  $I24 * 0.5 * (L26 + RAV!L17 / (1 + $I24))","v":true},{"$f":"M31 =  $I24 * 0.5 * (M26 + RAV!M17 / (1 + $I24))","v":true},{"$f":"N31 =  $I24 * 0.5 * (N26 + RAV!N17 / (1 + $I24))","v":true},{"$f":"O31 =  $I24 * 0.5 * (O26 + RAV!O17 / (1 + $I24))","v":true},{"$f":"P31 =  $I24 * 0.5 * (P26 + RAV!P17 / (1 + $I24))","v":true},{"$f":"Q31 =  $I24 * 0.5 * (Q26 + RAV!Q17 / (1 + $I24))","v":true},{"$f":"R31 =  $I24 * 0.5 * (R26 + RAV!R17 / (1 + $I24))","v":false},{"$f":"S31 =  $I24 * 0.5 * (S26 + RAV!S17 / (1 + $I24))","v":true},{"$f":"T31 =  $I24 * 0.5 * (T26 + RAV!T17 / (1 + $I24))","v":true},{"$f":"U31 =  $I24 * 0.5 * (U26 + RAV!U17 / (1 + $I24))","v":true},{"$f":"V31 =  $I24 * 0.5 * (V26 + RAV!V17 / (1 + $I24))","v":true}]
[]
[null,"Transaction costs"]
[]
[null,null,"Opening operational RAV"]
[]
[null,null,null,null,"First operational year",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W3 = 1","v":true},{"$f":"RAV!X3 = 1","v":false},{"$f":"RAV!Y3 = 1","v":false},{"$f":"RAV!Z3 = 1","v":false},{"$f":"RAV!AA3 = 1","v":false},{"$f":"RAV!AB3 = 1","v":false},{"$f":"RAV!AC3 = 1","v":false},{"$f":"RAV!AD3 = 1","v":false},{"$f":"RAV!AE3 = 1","v":false},{"$f":"RAV!AF3 = 1","v":false},{"$f":"RAV!AG3 = 1","v":false},{"$f":"RAV!AH3 = 1","v":false},{"$f":"RAV!AI3 = 1","v":false},{"$f":"RAV!AJ3 = 1","v":false},{"$f":"RAV!AK3 = 1","v":false},{"$f":"RAV!AL3 = 1","v":false},{"$f":"RAV!AM3 = 1","v":false},{"$f":"RAV!AN3 = 1","v":false},{"$f":"RAV!AO3 = 1","v":false},{"$f":"RAV!AP3 = 1","v":false},{"$f":"RAV!AQ3 = 1","v":false},{"$f":"RAV!AR3 = 1","v":false},{"$f":"RAV!AS3 = 1","v":false},{"$f":"RAV!AT3 = 1","v":false},{"$f":"RAV!AU3 = 1","v":false},{"$f":"RAV!AV3 = 1","v":false},{"$f":"RAV!AW3 = 1","v":false},{"$f":"RAV!AX3 = 1","v":false}]
[null,null,null,null,{"$f":"RAV!E23","v":"Opening operational RAV (after transfers)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W23","v":733.95198996379202},{"$f":"RAV!X23","v":738.20524174563229},{"$f":"RAV!Y23","v":707.44669000623094},{"$f":"RAV!Z23","v":676.68813826682958},{"$f":"RAV!AA23","v":645.92958652742823},{"$f":"RAV!AB23","v":615.17103478802687},{"$f":"RAV!AC23","v":584.41248304862552},{"$f":"RAV!AD23","v":553.65393130922416},{"$f":"RAV!AE23","v":522.89537956982281},{"$f":"RAV!AF23","v":492.13682783042145},{"$f":"RAV!AG23","v":461.3782760910201},{"$f":"RAV!AH23","v":430.61972435161874},{"$f":"RAV!AI23","v":399.86117261221739},{"$f":"RAV!AJ23","v":369.10262087281603},{"$f":"RAV!AK23","v":338.34406913341468},{"$f":"RAV!AL23","v":322.58551739401332},{"$f":"RAV!AM23","v":290.32696565461197},{"$f":"RAV!AN23","v":258.06841391521061},{"$f":"RAV!AO23","v":225.80986217580929},{"$f":"RAV!AP23","v":193.55131043640796},{"$f":"RAV!AQ23","v":161.29275869700663},{"$f":"RAV!AR23","v":129.03420695760531},{"$f":"RAV!AS23","v":96.77565521820398},{"$f":"RAV!AT23","v":64.517103478802653},{"$f":"RAV!AU23","v":32.258551739401327},{"$f":"RAV!AV23","v":0},{"$f":"RAV!AW23","v":0},{"$f":"RAV!AX23","v":0}]
[]
[null,null,null,null,"Opening operational RAV at start of operations",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W39 * W40","v":733.95198996379202},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,"Transaction costs"]
[]
[null,null,null,null,{"$f":"Input!E44","v":"Pre-operational notional gearing"},null,{"$f":"Input!G44","v":"%"},null,{"$f":"Input!I44","v":0.33410000000000001}]
[null,null,null,null,{"$f":"Input!E45","v":"Operational notional gearing"},null,{"$f":"Input!G45","v":"%"},null,{"$f":"Input!I45","v":0.5}]
[]
[null,null,null,null,"Share of RAV for debt transaction costs",null,"%",null,{"$f":"MAX(I46, I47)","v":0.5}]
[null,null,null,null,"Share of RAV for equity transaction costs",null,"%",null,{"$f":"MAX(1 - I46,1 -  I47)","v":0.66589999999999994}]
[]
[null,null,null,null,{"$f":"Input!E48","v":"Debt transaction costs"},null,{"$f":"Input!G48","v":"%"},null,{"$f":"Input!I48","v":2.5000000000000001E-2}]
[null,null,null,null,{"$f":"Input!E47","v":"Equity transaction costs"},null,{"$f":"Input!G47","v":"%"},null,{"$f":"Input!I47","v":0.05}]
[]
[null,null,null,null,"Blended transaction costs",null,"%",null,{"$f":"I49 * I52 + I50 * I53","v":4.5795000000000002E-2}]
[]
[null,null,"Allowance"]
[]
[null,null,null,null,"Debt transaction costs",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I49 * $I52 * W$42","v":9.1743998745474009},{"$f":"$I49 * $I52 * X$42","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Equity transaction costs",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I50 * $I53 * W$42","v":24.436931505844456},{"$f":"$I50 * $I53 * X$42","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Transaction costs",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W59:W60)","v":33.61133138039186},{"$f":"SUM(X59:X60)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,"Inflation"]
[]
[null,null,"Ex ante forecast"]
[]
[null,null,null,null,{"$f":"Input!E78","v":"Expected UK RPI inflation"},null,{"$f":"Input!G78","v":"%"},null,{"$f":"Input!I78","v":2.7099999999999999E-2}]
[]
[null,null,null,null,{"$f":"Input!E80","v":"2015/16 RPI inflation index value (CHAW)"},null,{"$f":"Input!G80","v":"Jan 1987 = 100"},null,{"$f":"Input!I80","v":259.21699999999998}]
[null,null,null,null,"Forecast GB inflation index",null,"Jan 1987 = 100",null,null,null,{"$f":"Input!K81","v":226.47499999999999},{"$f":"Input!L81","v":237.34200000000001},{"$f":"Input!M81","v":244.67500000000001},{"$f":"Input!N81","v":251.733},{"$f":"Input!O81","v":256.66699999999997},{"$f":"Input!P81","v":259.21699999999998},{"$f":"Input!Q81","v":266.24178069999994},{"$f":"Q70 * (1 + $I67)","v":273.45693295696992},{"$f":"R70 * (1 + $I67)","v":280.86761584010378},288.47912822937059,296.29691260438648,304.32655893596529,312.57380868312993,321.04455889844269,329.74486644459046,338.68095232523882,347.85920613325277,357.28619061946387,366.9686463852513,376.91349670229158,387.12785246292367,397.61901726466886,408.39449263254136,419.4619833828832,430.82940313255932,442.50487995745164,454.49676220429853,466.81362446003499,479.46427368290188,492.45775549970847,505.80336067375055,519.51063174800913,533.58936986838012,548.0496417918132,562.90178708437134,578.15642551435769,593.82446464579675,609.91710763769777,626.44586125467936,643.42254409468114]
[null,null,null,null,"GB inflation uplift (forecast)",null,"scalar",null,null,null,{"$f":"K70 / $I$75","v":0.87368883985232448},{"$f":"L70 / $I$75","v":0.91561124463287524},0.94390028431777251,0.97112843679234007,0.9901626822314894,{"$f":"P70 / $I$75","v":1},1.0270999999999999,1.0549344099999998,1.0835231325109997,{"$f":"T70 / $I$75","v":1.1128866094020478},1.143045836516843,1.1740223786864492,1.2058383851488519,1.2385166053863856,1.2720804053923565,1.3065537843784891,1.3419613919351463,1.3783285456565884,1.4156812492438819,1.4540462110983909,1.4934508634191572,1.5339233818178162,1.5754927054650789,1.6181885577831825,{"$f":"AI70 / $I$75","v":1.6620414676991067},1.7070827914737523,1.753344735122691,1.8008603774445155,1.8496636936732618,1.899789579771807,1.9512738773836229,2.0041533994607188,2.0584659565861041,2.1142503840095874,2.1715465694162472,2.2303954814474274,2.2908391989946524,2.3529209412874073,2.4166850987962958,2.4821772649736751]
[]
[null,null,"Ex post actuals"]
[]
[null,null,null,null,{"$f":"E69","v":"2015/16 RPI inflation index value (CHAW)"},null,{"$f":"G69","v":"Jan 1987 = 100"},null,{"$f":"I69","v":259.21699999999998}]
[null,null,null,null,{"$f":"Input!E13","v":"UK RPI inflation index value (CHAW)"},null,{"$f":"Input!G13","v":"Jan 1987 = 100"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W13","v":312.57380868312993},{"$f":"Input!X13","v":321.04455889844269},{"$f":"Input!Y13","v":329.74486644459046},{"$f":"Input!Z13","v":338.68095232523882},{"$f":"Input!AA13","v":347.85920613325277},{"$f":"Input!AB13","v":357.28619061946387},{"$f":"Input!AC13","v":366.9686463852513},{"$f":"Input!AD13","v":376.91349670229158},{"$f":"Input!AE13","v":387.12785246292367},{"$f":"Input!AF13","v":397.61901726466886},{"$f":"Input!AG13","v":408.39449263254136},{"$f":"Input!AH13","v":419.4619833828832},{"$f":"Input!AI13","v":430.82940313255932},{"$f":"Input!AJ13","v":442.50487995745164},{"$f":"Input!AK13","v":454.49676220429853},{"$f":"Input!AL13","v":466.81362446003499},{"$f":"Input!AM13","v":479.46427368290188},{"$f":"Input!AN13","v":492.45775549970847},{"$f":"Input!AO13","v":505.80336067375055},{"$f":"Input!AP13","v":519.51063174800913},{"$f":"Input!AQ13","v":533.58936986838012},{"$f":"Input!AR13","v":548.0496417918132},{"$f":"Input!AS13","v":562.90178708437134},{"$f":"Input!AT13","v":578.15642551435769},{"$f":"Input!AU13","v":593.82446464579675},{"$f":"Input!AV13","v":609.91710763769777},{"$f":"Input!AW13","v":626.44586125467936},{"$f":"Input!AX13","v":643.42254409468114}]
[null,null,null,null,"GB inflation uplift (actual)",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W76 / $I75","v":1.2058383851488519},{"$f":"X76 / $I75","v":1.2385166053863856},1.2720804053923565,1.3065537843784891,1.3419613919351463,1.3783285456565884,1.4156812492438819,1.4540462110983909,1.4934508634191572,1.5339233818178162,1.5754927054650789,1.6181885577831825,1.6620414676991067,1.7070827914737523,1.753344735122691,1.8008603774445155,1.8496636936732618,1.899789579771807,1.9512738773836229,2.0041533994607188,2.0584659565861041,2.1142503840095874,2.1715465694162472,2.2303954814474274,2.2908391989946524,2.3529209412874073,2.4166850987962958,2.4821772649736751]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,"End of sheet"]

{"sheet":"AllowancesCap","index":4,"n_rows":37,"n_cols":50,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["AllowancesCap",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Unprofiled allowances except tax (cap)"]
[]
[null,null,null,null,{"$f":"Input!E31","v":"Controllable opex"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W31","v":15.284800000000001},{"$f":"Input!X31","v":15.284800000000001},{"$f":"Input!Y31","v":15.284800000000001},{"$f":"Input!Z31","v":15.284800000000001},{"$f":"Input!AA31","v":15.284800000000001},{"$f":"Input!AB31","v":15.284800000000001},{"$f":"Input!AC31","v":15.284800000000001},{"$f":"Input!AD31","v":15.284800000000001},{"$f":"Input!AE31","v":15.284800000000001},{"$f":"Input!AF31","v":15.284800000000001},{"$f":"Input!AG31","v":15.284800000000001},{"$f":"Input!AH31","v":15.284800000000001},{"$f":"Input!AI31","v":15.284800000000001},{"$f":"Input!AJ31","v":15.284800000000001},{"$f":"Input!AK31","v":15.284800000000001},{"$f":"Input!AL31","v":15.284800000000001},{"$f":"Input!AM31","v":15.284800000000001},{"$f":"Input!AN31","v":15.284800000000001},{"$f":"Input!AO31","v":15.284800000000001},{"$f":"Input!AP31","v":15.284800000000001},{"$f":"Input!AQ31","v":15.284800000000001},{"$f":"Input!AR31","v":15.284800000000001},{"$f":"Input!AS31","v":15.284800000000001},{"$f":"Input!AT31","v":15.284800000000001},{"$f":"Input!AU31","v":15.284800000000001},{"$f":"Input!AV31","v":0},{"$f":"Input!AW31","v":0},{"$f":"Input!AX31","v":0}]
[null,null,null,null,{"$f":"Input!E32","v":"Non-controllable opex (baseline)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W32","v":0},{"$f":"Input!X32","v":0},{"$f":"Input!Y32","v":0},{"$f":"Input!Z32","v":0},{"$f":"Input!AA32","v":0},{"$f":"Input!AB32","v":0},{"$f":"Input!AC32","v":0},{"$f":"Input!AD32","v":0},{"$f":"Input!AE32","v":0},{"$f":"Input!AF32","v":0},{"$f":"Input!AG32","v":0},{"$f":"Input!AH32","v":0},{"$f":"Input!AI32","v":0},{"$f":"Input!AJ32","v":0},{"$f":"Input!AK32","v":0},{"$f":"Input!AL32","v":0},{"$f":"Input!AM32","v":0},{"$f":"Input!AN32","v":0},{"$f":"Input!AO32","v":0},{"$f":"Input!AP32","v":0},{"$f":"Input!AQ32","v":0},{"$f":"Input!AR32","v":0},{"$f":"Input!AS32","v":0},{"$f":"Input!AT32","v":0},{"$f":"Input!AU32","v":0},{"$f":"Input!AV32","v":0},{"$f":"Input!AW32","v":0},{"$f":"Input!AX32","v":0}]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!AG33","v":0},{"$f":"Input!AH33","v":0},{"$f":"Input!AI33","v":0},{"$f":"Input!AJ33","v":0},{"$f":"Input!AK33","v":0},{"$f":"Input!AL33","v":0},{"$f":"Input!AM33","v":0},{"$f":"Input!AN33","v":0},{"$f":"Input!AO33","v":0},{"$f":"Input!AP33","v":0},{"$f":"Input!AQ33","v":0},{"$f":"Input!AR33","v":0},{"$f":"Input!AS33","v":0},{"$f":"Input!AT33","v":0},{"$f":"Input!AU33","v":0},{"$f":"Input!AV33","v":0},{"$f":"Input!AW33","v":0},{"$f":"Input!AX33","v":0}]
[null,null,null,null,{"$f":"Input!E30","v":"Decommissioning baseline / actual"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W30","v":0},{"$f":"Input!X30","v":0},{"$f":"Input!Y30","v":0},{"$f":"Input!Z30","v":0},{"$f":"Input!AA30","v":0},{"$f":"Input!AB30","v":0},{"$f":"Input!AC30","v":0},{"$f":"Input!AD30","v":0},{"$f":"Input!AE30","v":0},{"$f":"Input!AF30","v":0},{"$f":"Input!AG30","v":0},{"$f":"Input!AH30","v":0},{"$f":"Input!AI30","v":0},{"$f":"Input!AJ30","v":0},{"$f":"Input!AK30","v":0},{"$f":"Input!AL30","v":0},{"$f":"Input!AM30","v":0},{"$f":"Input!AN30","v":0},{"$f":"Input!AO30","v":0},{"$f":"Input!AP30","v":0},{"$f":"Input!AQ30","v":0},{"$f":"Input!AR30","v":0},{"$f":"Input!AS30","v":0},{"$f":"Input!AT30","v":0},{"$f":"Input!AU30","v":6.5},{"$f":"Input!AV30","v":0},{"$f":"Input!AW30","v":0},{"$f":"Input!AX30","v":0}]
[null,null,null,null,{"$f":"RAV!E37","v":"RAV depreciation"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W37","v":29.358079598551679},{"$f":"RAV!X37","v":30.758551739401344},{"$f":"RAV!Y37","v":30.758551739401344},{"$f":"RAV!Z37","v":30.758551739401344},{"$f":"RAV!AA37","v":30.758551739401344},{"$f":"RAV!AB37","v":30.758551739401344},{"$f":"RAV!AC37","v":30.758551739401344},{"$f":"RAV!AD37","v":30.758551739401341},{"$f":"RAV!AE37","v":30.758551739401341},{"$f":"RAV!AF37","v":30.758551739401341},{"$f":"RAV!AG37","v":30.758551739401341},{"$f":"RAV!AH37","v":30.758551739401337},{"$f":"RAV!AI37","v":30.758551739401337},{"$f":"RAV!AJ37","v":30.758551739401337},{"$f":"RAV!AK37","v":30.758551739401334},{"$f":"RAV!AL37","v":32.258551739401334},{"$f":"RAV!AM37","v":32.258551739401327},{"$f":"RAV!AN37","v":32.258551739401327},{"$f":"RAV!AO37","v":32.258551739401327},{"$f":"RAV!AP37","v":32.258551739401327},{"$f":"RAV!AQ37","v":32.258551739401327},{"$f":"RAV!AR37","v":32.258551739401327},{"$f":"RAV!AS37","v":32.258551739401327},{"$f":"RAV!AT37","v":32.258551739401327},{"$f":"RAV!AU37","v":32.258551739401327},{"$f":"RAV!AV37","v":0},{"$f":"RAV!AW37","v":0},{"$f":"RAV!AX37","v":0}]
[null,null,null,null,{"$f":"Finance!E19","v":"Post-tax return (cap)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Finance!W19","v":56.528140660799103},{"$f":"Finance!X19","v":55.561830531391941},{"$f":"Finance!Y19","v":53.199424736575274},{"$f":"Finance!Z19","v":50.837018941758615},{"$f":"Finance!AA19","v":48.474613146941941},{"$f":"Finance!AB19","v":46.112207352125282},{"$f":"Finance!AC19","v":43.749801557308608},{"$f":"Finance!AD19","v":41.387395762491948},{"$f":"Finance!AE19","v":39.024989967675282},{"$f":"Finance!AF19","v":36.662584172858608},{"$f":"Finance!AG19","v":34.300178378041942},{"$f":"Finance!AH19","v":31.937772583225279},{"$f":"Finance!AI19","v":29.575366788408612},{"$f":"Finance!AJ19","v":27.212960993591945},{"$f":"Finance!AK19","v":25.404502871847747},{"$f":"Finance!AL19","v":23.584827309723835},{"$f":"Finance!AM19","v":21.10721424759992},{"$f":"Finance!AN19","v":18.629601185476009},{"$f":"Finance!AO19","v":16.151988123352094},{"$f":"Finance!AP19","v":13.674375061228185},{"$f":"Finance!AQ19","v":11.196761999104275},{"$f":"Finance!AR19","v":8.7191489369803623},{"$f":"Finance!AS19","v":6.2415358748564511},{"$f":"Finance!AT19","v":3.763922812732539},{"$f":"Finance!AU19","v":1.2863097506086276},{"$f":"Finance!AV19","v":0},{"$f":"Finance!AW19","v":0},{"$f":"Finance!AX19","v":0}]
[null,null,null,null,"Unprofiled allowances except tax (cap)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W8:W13)","v":101.17102025935078},{"$f":"SUM(X8:X13)","v":101.60518227079328},99.242776475976626,96.88037068115996,94.517964886343293,92.155559091526627,89.79315329670996,87.430747501893293,85.068341707076627,82.705935912259946,80.343530117443294,77.981124322626613,75.618718527809946,73.25631273299328,71.447854611249085,71.128179049125166,68.650565987001244,66.172952924877336,63.695339862753428,61.217726800629514,58.740113738505606,56.262500676381691,53.784887614257784,51.307274552133869,55.329661490009961,0,0,0]
[]
[null,"Profiled allowances except tax (cap)"]
[]
[null,null,"Annuity parameters"]
[]
[null,null,null,null,{"$f":"Input!E39","v":"Cap returns"},null,{"$f":"Input!G39","v":"real annual %"},null,{"$f":"Input!I39","v":7.9749999999999988E-2}]
[null,null,null,null,{"$f":"Input!E89","v":"Number of operational years"},null,{"$f":"Input!G89","v":"full years"},null,{"$f":"Input!I89","v":25}]
[null,null,null,null,"Annuity factor (cap)",null,"scalar",null,{"$f":"I20 / (1 - (1 + I20)^(-I21))","v":9.3478808610046094E-2}]
[]
[null,null,null,null,"Year is within operational period",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(W3 > 0, W3<= $I21)","v":true},{"$f":"AND(X3 > 0, X3<= $I21)","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false]
[null,null,null,null,"Discount factor to start of operational period (cap)",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(1 + $I20) ^ - W3","v":0.92614031025700394},{"$f":"(1 + $I20) ^ - X3","v":0.85773587428293951},0.79438376872696415,0.73571083003191862,0.68137145638519903,0.63104557201685485,0.58443674185399852,0.5412704254262547,0.50129235973721198,0.46426706157648717,0.42997644045055539,0.39821851396207952,0.3688062180709234,0.34156630522891723,0.31633832389804795,0.29297367344111869,0.27133472881789183,0.25129402993090239,0.23273353084593879,0.21554390446486574,0.19962389855509677,0.18487973934252996,0.17122457915492476,0.15857798486216693,0.14686546410017776,0.1360180264877775,0.12597177725193565,0.11666754086773387]
[]
[null,null,"Allowances except tax"]
[]
[null,null,null,null,"Discounted unprofiled allowances except tax (cap)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W14 * W$25","v":93.698560092012769},{"$f":"X14 * X$25","v":87.1504098467163},78.836850795914017,71.27593792763615,64.401843389172825,58.154357501445489,52.478417953525792,47.323677895685236,42.644109753271927,38.39764184091819,34.545825093130262,31.053527444848545,27.888653595611249,25.021888074902598,22.601694573833953,20.838683901199815,18.627282705277771,16.628868012920321,14.824041344690679,13.19510785707114,11.72593050605029,10.401796459808363,9.2092947466462132,8.1362042072473262,8.1260164132360462,0,0,0]
[null,null,null,null,"NPV of allowances except tax (cap)",null,"£m 15/16 prices",null,{"$f":"SUM(P29:AX29)","v":907.18662193277316}]
[]
[null,null,null,null,{"$f":"E$22","v":"Annuity factor (cap)"},null,{"$f":"G$22","v":"scalar"},null,{"$f":"I$22","v":9.3478808610046094E-2}]
[]
[null,null,null,null,"Annuity of allowances except tax (cap)",null,"£m 15/16 prices",null,{"$f":"I30 * I32","v":84.802724605247946}]
[null,null,null,null,"Annuitised allowances except tax (cap)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W$24 * $I34","v":84.802724605247946},84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,84.802724605247946,0,0,0]
[]
[null,"End of sheet"]

{"sheet":"AllowancesFloor","index":5,"n_rows":37,"n_cols":50,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["AllowancesFloor",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Unprofiled allowances except tax (floor)"]
[]
[null,null,null,null,{"$f":"Input!E31","v":"Controllable opex"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W31","v":15.284800000000001},{"$f":"Input!X31","v":15.284800000000001},{"$f":"Input!Y31","v":15.284800000000001},{"$f":"Input!Z31","v":15.284800000000001},{"$f":"Input!AA31","v":15.284800000000001},{"$f":"Input!AB31","v":15.284800000000001},{"$f":"Input!AC31","v":15.284800000000001},{"$f":"Input!AD31","v":15.284800000000001},{"$f":"Input!AE31","v":15.284800000000001},{"$f":"Input!AF31","v":15.284800000000001},{"$f":"Input!AG31","v":15.284800000000001},{"$f":"Input!AH31","v":15.284800000000001},{"$f":"Input!AI31","v":15.284800000000001},{"$f":"Input!AJ31","v":15.284800000000001},{"$f":"Input!AK31","v":15.284800000000001},{"$f":"Input!AL31","v":15.284800000000001},{"$f":"Input!AM31","v":15.284800000000001},{"$f":"Input!AN31","v":15.284800000000001},{"$f":"Input!AO31","v":15.284800000000001},{"$f":"Input!AP31","v":15.284800000000001},{"$f":"Input!AQ31","v":15.284800000000001},{"$f":"Input!AR31","v":15.284800000000001},{"$f":"Input!AS31","v":15.284800000000001},{"$f":"Input!AT31","v":15.284800000000001},{"$f":"Input!AU31","v":15.284800000000001},{"$f":"Input!AV31","v":0},{"$f":"Input!AW31","v":0},{"$f":"Input!AX31","v":0}]
[null,null,null,null,{"$f":"Input!E32","v":"Non-controllable opex (baseline)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W32","v":0},{"$f":"Input!X32","v":0},{"$f":"Input!Y32","v":0},{"$f":"Input!Z32","v":0},{"$f":"Input!AA32","v":0},{"$f":"Input!AB32","v":0},{"$f":"Input!AC32","v":0},{"$f":"Input!AD32","v":0},{"$f":"Input!AE32","v":0},{"$f":"Input!AF32","v":0},{"$f":"Input!AG32","v":0},{"$f":"Input!AH32","v":0},{"$f":"Input!AI32","v":0},{"$f":"Input!AJ32","v":0},{"$f":"Input!AK32","v":0},{"$f":"Input!AL32","v":0},{"$f":"Input!AM32","v":0},{"$f":"Input!AN32","v":0},{"$f":"Input!AO32","v":0},{"$f":"Input!AP32","v":0},{"$f":"Input!AQ32","v":0},{"$f":"Input!AR32","v":0},{"$f":"Input!AS32","v":0},{"$f":"Input!AT32","v":0},{"$f":"Input!AU32","v":0},{"$f":"Input!AV32","v":0},{"$f":"Input!AW32","v":0},{"$f":"Input!AX32","v":0}]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!AG33","v":0},{"$f":"Input!AH33","v":0},{"$f":"Input!AI33","v":0},{"$f":"Input!AJ33","v":0},{"$f":"Input!AK33","v":0},{"$f":"Input!AL33","v":0},{"$f":"Input!AM33","v":0},{"$f":"Input!AN33","v":0},{"$f":"Input!AO33","v":0},{"$f":"Input!AP33","v":0},{"$f":"Input!AQ33","v":0},{"$f":"Input!AR33","v":0},{"$f":"Input!AS33","v":0},{"$f":"Input!AT33","v":0},{"$f":"Input!AU33","v":0},{"$f":"Input!AV33","v":0},{"$f":"Input!AW33","v":0},{"$f":"Input!AX33","v":0}]
[null,null,null,null,{"$f":"Input!E30","v":"Decommissioning baseline / actual"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W30","v":0},{"$f":"Input!X30","v":0},{"$f":"Input!Y30","v":0},{"$f":"Input!Z30","v":0},{"$f":"Input!AA30","v":0},{"$f":"Input!AB30","v":0},{"$f":"Input!AC30","v":0},{"$f":"Input!AD30","v":0},{"$f":"Input!AE30","v":0},{"$f":"Input!AF30","v":0},{"$f":"Input!AG30","v":0},{"$f":"Input!AH30","v":0},{"$f":"Input!AI30","v":0},{"$f":"Input!AJ30","v":0},{"$f":"Input!AK30","v":0},{"$f":"Input!AL30","v":0},{"$f":"Input!AM30","v":0},{"$f":"Input!AN30","v":0},{"$f":"Input!AO30","v":0},{"$f":"Input!AP30","v":0},{"$f":"Input!AQ30","v":0},{"$f":"Input!AR30","v":0},{"$f":"Input!AS30","v":0},{"$f":"Input!AT30","v":0},{"$f":"Input!AU30","v":6.5},{"$f":"Input!AV30","v":0},{"$f":"Input!AW30","v":0},{"$f":"Input!AX30","v":0}]
[null,null,null,null,{"$f":"RAV!E37","v":"RAV depreciation"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W37","v":29.358079598551679},{"$f":"RAV!X37","v":30.758551739401344},{"$f":"RAV!Y37","v":30.758551739401344},{"$f":"RAV!Z37","v":30.758551739401344},{"$f":"RAV!AA37","v":30.758551739401344},{"$f":"RAV!AB37","v":30.758551739401344},{"$f":"RAV!AC37","v":30.758551739401344},{"$f":"RAV!AD37","v":30.758551739401341},{"$f":"RAV!AE37","v":30.758551739401341},{"$f":"RAV!AF37","v":30.758551739401341},{"$f":"RAV!AG37","v":30.758551739401341},{"$f":"RAV!AH37","v":30.758551739401337},{"$f":"RAV!AI37","v":30.758551739401337},{"$f":"RAV!AJ37","v":30.758551739401337},{"$f":"RAV!AK37","v":30.758551739401334},{"$f":"RAV!AL37","v":32.258551739401334},{"$f":"RAV!AM37","v":32.258551739401327},{"$f":"RAV!AN37","v":32.258551739401327},{"$f":"RAV!AO37","v":32.258551739401327},{"$f":"RAV!AP37","v":32.258551739401327},{"$f":"RAV!AQ37","v":32.258551739401327},{"$f":"RAV!AR37","v":32.258551739401327},{"$f":"RAV!AS37","v":32.258551739401327},{"$f":"RAV!AT37","v":32.258551739401327},{"$f":"RAV!AU37","v":32.258551739401327},{"$f":"RAV!AV37","v":0},{"$f":"RAV!AW37","v":0},{"$f":"RAV!AX37","v":0}]
[null,null,null,null,{"$f":"Finance!E20","v":"Post-tax return (floor)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Finance!W20","v":6.4491578514798427},{"$f":"Finance!X20","v":6.3337151136683083},{"$f":"Finance!Y20","v":6.0642204403633109},{"$f":"Finance!Z20","v":5.7947257670583125},{"$f":"Finance!AA20","v":5.525231093753316},{"$f":"Finance!AB20","v":5.2557364204483186},{"$f":"Finance!AC20","v":4.9862417471433211},{"$f":"Finance!AD20","v":4.7167470738383228},{"$f":"Finance!AE20","v":4.4472524005333254},{"$f":"Finance!AF20","v":4.1777577272283279},{"$f":"Finance!AG20","v":3.9082630539233301},{"$f":"Finance!AH20","v":3.6387683806183326},{"$f":"Finance!AI20","v":3.3692737073133352},{"$f":"Finance!AJ20","v":3.0997790340083373},{"$f":"Finance!AK20","v":2.8957086271585344},{"$f":"Finance!AL20","v":2.6856715272080169},{"$f":"Finance!AM20","v":2.4030344272574999},{"$f":"Finance!AN20","v":2.1203973273069834},{"$f":"Finance!AO20","v":1.8377602273564664},{"$f":"Finance!AP20","v":1.5551231274059496},{"$f":"Finance!AQ20","v":1.2724860274554328},{"$f":"Finance!AR20","v":0.98984892750491627},{"$f":"Finance!AS20","v":0.70721182755439937},{"$f":"Finance!AT20","v":0.4245747276038826},{"$f":"Finance!AU20","v":0.14193762765336584},{"$f":"Finance!AV20","v":0},{"$f":"Finance!AW20","v":0},{"$f":"Finance!AX20","v":0}]
[null,null,null,null,"Unprofiled allowances except tax (floor)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W8:W13)","v":51.092037450031526},{"$f":"SUM(X8:X13)","v":52.37706685306965},52.107572179764659,51.838077506459655,51.568582833154665,51.29908815984966,51.02959348654467,50.760098813239665,50.490604139934668,50.22110946662967,49.951614793324673,49.682120120019668,49.412625446714671,49.143130773409673,48.939060366559865,50.229023266609346,49.946386166658833,49.663749066708313,49.3811119667578,49.09847486680728,48.815837766856767,48.533200666906247,48.250563566955734,47.967926467005213,54.185289367054693,0,0,0]
[]
[null,"Unprofiled allowances except tax (floor)"]
[]
[null,null,"Annuity parameters"]
[]
[null,null,null,null,{"$f":"Input!E40","v":"Floor returns"},null,{"$f":"Input!G40","v":"real annual %"},null,{"$f":"Input!I40","v":8.8000000000000005E-3}]
[null,null,null,null,{"$f":"Input!E89","v":"Number of operational years"},null,{"$f":"Input!G89","v":"full years"},null,{"$f":"Input!I89","v":25}]
[null,null,null,null,"Annuity factor (floor)",null,"scalar",null,{"$f":"I20 / (1 - (1 + I20)^(-I21))","v":4.4736242304815661E-2}]
[]
[null,null,null,null,"Year is within operational period",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(W3 > 0, W3<= $I21)","v":true},{"$f":"AND(X3 > 0, X3<= $I21)","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false]
[null,null,null,null,"Discount factor to start of operational period (floor)",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(1 + $I20) ^ - W3","v":0.99127676447264079},{"$f":"(1 + $I20) ^ - X3","v":0.98262962378334739},0.97405791413892495,0.96556097753660286,0.95713816171352395,0.9487888200966732,0.9405123117532449,0.9323080013414401,0.92417525906169717,0.91611346060834387,0.90812198712167325,0.90020022514043729,0.89234756655475567,0.88456340855943261,0.87684715360768506,0.8691982093652707,0.86161598866501854,0.85409990946175507,0.84664939478762413,0.83926387270779546,0.83194277627656188,0.82468554349381629,0.81749161726191166,0.8103604453428942,0.80329148031611231,0.7962841795361939,0.78933800509138985,0.78245242376228163]
[]
[null,null,"Allowances except tax"]
[]
[null,null,null,null,"Discounted unprofiled allowances except tax (floor)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W14 * W$25","v":50.646349573782246},{"$f":"X14 * X$25","v":51.467257496707063},50.755793068265042,50.052824790755366,49.358258575097246,48.672001327218979,47.993960937858454,47.32404627246548,46.662167161205723,46.008234389064569,45.362159686050369,44.723855717495958,44.09323607445743,43.470215264209209,42.912075782652693,43.658977081503366,43.034604897230558,42.417803581406893,41.808488560595393,41.206576160763042,40.611983598025056,40.024628969482023,39.444431244149314,38.871310253977548,43.526581307018262,0,0,0]
[null,null,null,null,"NPV of allowances except tax (floor)",null,"£m 15/16 prices",null,{"$f":"SUM(P29:AX29)","v":1124.1078217714373}]
[]
[null,null,null,null,{"$f":"E$22","v":"Annuity factor (floor)"},null,{"$f":"G$22","v":"scalar"},null,{"$f":"I$22","v":4.4736242304815661E-2}]
[]
[null,null,null,null,"Annuity of allowances except tax (floor)",null,"£m 15/16 prices",null,{"$f":"I30 * I32","v":50.288359891505557}]
[null,null,null,null,"Annuitised allowances except tax (floor)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W$24 * $I34","v":50.288359891505557},50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,50.288359891505557,0,0,0]
[]
[null,"End of sheet"]

{"sheet":"Deductions","index":6,"n_rows":80,"n_cols":50,"rows_kept":80,"cut":false,"hidden":false,"merged":[]}
["Deductions",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Tax deductions"]
[]
[null,null,"Total"]
[]
[null,null,null,null,{"$f":"E23","v":"Revenue pool additions"},null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W23","v":18.430998549323171},18.930478610009828,19.443494580341092,19.970413283468332,20.511611483450324,21.067476154651821,21.638404758442888,22.224805527396686,22.827097757189136,23.445712106408958,24.08109090449264,24.733688468004388,25.403971425487306,26.092419051118011,26.799523607403309,27.525790697163931,28.271739625057073,29.037903768896115,29.8248309610332,30.633083880077194,31.463240453227286,32.315894269509741,33.191655004213459,34.091148854827637,35.015018988793464,0,0,0]
[null,null,null,null,{"$f":"E38","v":"Capital allowances"},null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W38","v":53.599768848518274},49.311787340636812,45.366844353385872,41.737496805115001,38.398497060705793,35.326617295849331,32.500487912181391,29.900448879206881,27.508412968870331,25.307739931360704,23.283120736851849,21.420471077903699,19.706833391671402,18.13028672033769,18.783877464857905,17.281167267669272,15.898673886255729,14.626779975355271,13.456637577326848,12.380106571140701,11.389698045449446,10.478522201813488,9.6402404256684093,8.8690211916149373,101.99374370357178,0,0,0]
[null,null,null,null,"Interest Payable",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W65","v":15.5830367110587},15.180226116351225,14.7625906855009,14.329584812782482,13.880642812275257,13.415178178841767,12.93258282190793,12.432226271043634,11.913454852305884,11.375590834268543,10.817931542622945,10.239748442192754,9.6402861851637489,9.0187616242851352,8.3743627897532313,7.7062478284409108,7.0135439040869514,6.2953460570085573,5.5507160218472817,4.7786810018039017,3.9782323977608334,3.1483244906318348,2.2878730752175649,1.3957540437822626,{"$f":"AU65","v":0.47080191750110412},{"$f":"AV65","v":-3.1302226052413183E-5},-3.2454257250774473E-5,-3.3648687219107426E-5]
[null,null,null,null,"Debt transaction costs",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Finance!W59*I52","v":10.916897146585434},{"$f":"Finance!X59","v":0},{"$f":"Finance!Y59","v":0},{"$f":"Finance!Z59","v":0},{"$f":"Finance!AA59","v":0},{"$f":"Finance!AB59","v":0},{"$f":"Finance!AC59","v":0},{"$f":"Finance!AD59","v":0},{"$f":"Finance!AE59","v":0},{"$f":"Finance!AF59","v":0},{"$f":"Finance!AG59","v":0},{"$f":"Finance!AH59","v":0},{"$f":"Finance!AI59","v":0},{"$f":"Finance!AJ59","v":0},{"$f":"Finance!AK59","v":0},{"$f":"Finance!AL59","v":0},{"$f":"Finance!AM59","v":0},{"$f":"Finance!AN59","v":0},{"$f":"Finance!AO59","v":0},{"$f":"Finance!AP59","v":0},{"$f":"Finance!AQ59","v":0},{"$f":"Finance!AR59","v":0},{"$f":"Finance!AS59","v":0},{"$f":"Finance!AT59","v":0},{"$f":"Finance!AU59","v":0},{"$f":"Finance!AV59","v":0},{"$f":"Finance!AW59","v":0},{"$f":"Finance!AX59","v":0}]
[null,null,null,null,"Total tax deductions",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W10:W13)","v":98.530701255485582},{"$f":"SUM(X10:X13)","v":83.422492066997862},79.572929619227864,76.037494901365818,72.790751356431372,69.809271629342916,67.071475492532215,64.557480677647206,62.24896557836535,60.129042872038205,58.182143183967433,56.393907988100842,54.751091002322454,53.241467395740834,53.957763862014446,52.513205793274111,51.183957415399753,49.960029801259942,48.832184560207324,47.791871453021798,46.83117089643757,45.942740961955067,45.119768505099429,44.355924090224832,137.47956460986634,-3.1302226052413183E-5,-3.2454257250774473E-5,-3.3648687219107426E-5]
[]
[null,null,"Tax pools"]
[]
[null,null,null,"Revenue pool"]
[]
[null,null,null,null,{"$f":"Input!E31","v":"Controllable opex"},null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W31 * Finance!W$71","v":18.430998549323171},{"$f":"Input!X31 * Finance!X$71","v":18.930478610009828},{"$f":"Input!Y31 * Finance!Y$71","v":19.443494580341092},{"$f":"Input!Z31 * Finance!Z$71","v":19.970413283468332},{"$f":"Input!AA31 * Finance!AA$71","v":20.511611483450324},{"$f":"Input!AB31 * Finance!AB$71","v":21.067476154651821},{"$f":"Input!AC31 * Finance!AC$71","v":21.638404758442888},{"$f":"Input!AD31 * Finance!AD$71","v":22.224805527396686},{"$f":"Input!AE31 * Finance!AE$71","v":22.827097757189136},{"$f":"Input!AF31 * Finance!AF$71","v":23.445712106408958},{"$f":"Input!AG31 * Finance!AG$71","v":24.08109090449264},{"$f":"Input!AH31 * Finance!AH$71","v":24.733688468004388},{"$f":"Input!AI31 * Finance!AI$71","v":25.403971425487306},{"$f":"Input!AJ31 * Finance!AJ$71","v":26.092419051118011},{"$f":"Input!AK31 * Finance!AK$71","v":26.799523607403309},{"$f":"Input!AL31 * Finance!AL$71","v":27.525790697163931},{"$f":"Input!AM31 * Finance!AM$71","v":28.271739625057073},{"$f":"Input!AN31 * Finance!AN$71","v":29.037903768896115},{"$f":"Input!AO31 * Finance!AO$71","v":29.8248309610332},{"$f":"Input!AP31 * Finance!AP$71","v":30.633083880077194},{"$f":"Input!AQ31 * Finance!AQ$71","v":31.463240453227286},{"$f":"Input!AR31 * Finance!AR$71","v":32.315894269509741},{"$f":"Input!AS31 * Finance!AS$71","v":33.191655004213459},{"$f":"Input!AT31 * Finance!AT$71","v":34.091148854827637},{"$f":"Input!AU31 * Finance!AU$71","v":35.015018988793464},{"$f":"Input!AV31 * Finance!AV$71","v":0},{"$f":"Input!AW31 * Finance!AW$71","v":0},{"$f":"Input!AX31 * Finance!AX$71","v":0}]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!AG33*Finance!AG71","v":0},{"$f":"Input!AH33*Finance!AH71","v":0},{"$f":"Input!AI33*Finance!AI71","v":0},{"$f":"Input!AJ33*Finance!AJ71","v":0},{"$f":"Input!AK33*Finance!AK71","v":0},{"$f":"Input!AL33*Finance!AL71","v":0},{"$f":"Input!AM33*Finance!AM71","v":0},{"$f":"Input!AN33*Finance!AN71","v":0},{"$f":"Input!AO33*Finance!AO71","v":0},{"$f":"Input!AP33*Finance!AP71","v":0},{"$f":"Input!AQ33*Finance!AQ71","v":0},{"$f":"Input!AR33*Finance!AR71","v":0},{"$f":"Input!AS33*Finance!AS71","v":0},{"$f":"Input!AT33*Finance!AT71","v":0},{"$f":"Input!AU33*Finance!AU71","v":0},{"$f":"Input!AV33*Finance!AV71","v":0},{"$f":"Input!AW33*Finance!AW71","v":0},{"$f":"Input!AX33*Finance!AX71","v":0}]
[null,null,null,null,{"$f":"Input!E32","v":"Non-controllable opex (baseline)"},null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W32 * Finance!W$71","v":0},{"$f":"Input!X32 * Finance!X$71","v":0},{"$f":"Input!Y32 * Finance!Y$71","v":0},{"$f":"Input!Z32 * Finance!Z$71","v":0},{"$f":"Input!AA32 * Finance!AA$71","v":0},{"$f":"Input!AB32 * Finance!AB$71","v":0},{"$f":"Input!AC32 * Finance!AC$71","v":0},{"$f":"Input!AD32 * Finance!AD$71","v":0},{"$f":"Input!AE32 * Finance!AE$71","v":0},{"$f":"Input!AF32 * Finance!AF$71","v":0},{"$f":"Input!AG32 * Finance!AG$71","v":0},{"$f":"Input!AH32 * Finance!AH$71","v":0},{"$f":"Input!AI32 * Finance!AI$71","v":0},{"$f":"Input!AJ32 * Finance!AJ$71","v":0},{"$f":"Input!AK32 * Finance!AK$71","v":0},{"$f":"Input!AL32 * Finance!AL$71","v":0},{"$f":"Input!AM32 * Finance!AM$71","v":0},{"$f":"Input!AN32 * Finance!AN$71","v":0},{"$f":"Input!AO32 * Finance!AO$71","v":0},{"$f":"Input!AP32 * Finance!AP$71","v":0},{"$f":"Input!AQ32 * Finance!AQ$71","v":0},{"$f":"Input!AR32 * Finance!AR$71","v":0},{"$f":"Input!AS32 * Finance!AS$71","v":0},{"$f":"Input!AT32 * Finance!AT$71","v":0},{"$f":"Input!AU32 * Finance!AU$71","v":0},{"$f":"Input!AV32 * Finance!AV$71","v":0},{"$f":"Input!AW32 * Finance!AW$71","v":0},{"$f":"Input!AX32 * Finance!AX$71","v":0}]
[null,null,null,null,"Revenue pool additions",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W20:W22)","v":18.430998549323171},18.930478610009828,19.443494580341092,19.970413283468332,20.511611483450324,21.067476154651821,21.638404758442888,22.224805527396686,22.827097757189136,23.445712106408958,24.08109090449264,24.733688468004388,25.403971425487306,26.092419051118011,26.799523607403309,27.525790697163931,28.271739625057073,29.037903768896115,29.8248309610332,30.633083880077194,31.463240453227286,32.315894269509741,33.191655004213459,34.091148854827637,35.015018988793464,0,0,0]
[]
[null,null,null,"Capital allowance pool"]
[]
[null,null,null,null,{"$f":"Input!E73","v":"Capital allowance rate (declining balance)"},null,{"$f":"Input!G73","v":"%"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W73","v":0.08},{"$f":"Input!X73","v":0.08},{"$f":"Input!Y73","v":0.08},{"$f":"Input!Z73","v":0.08},{"$f":"Input!AA73","v":0.08},{"$f":"Input!AB73","v":0.08},{"$f":"Input!AC73","v":0.08},{"$f":"Input!AD73","v":0.08},{"$f":"Input!AE73","v":0.08},{"$f":"Input!AF73","v":0.08},{"$f":"Input!AG73","v":0.08},{"$f":"Input!AH73","v":0.08},{"$f":"Input!AI73","v":0.08},{"$f":"Input!AJ73","v":0.08},{"$f":"Input!AK73","v":0.08},{"$f":"Input!AL73","v":0.08},{"$f":"Input!AM73","v":0.08},{"$f":"Input!AN73","v":0.08},{"$f":"Input!AO73","v":0.08},{"$f":"Input!AP73","v":0.08},{"$f":"Input!AQ73","v":0.08},{"$f":"Input!AR73","v":0.08},{"$f":"Input!AS73","v":0.08},{"$f":"Input!AT73","v":0.08},{"$f":"Input!AU73","v":0.08},{"$f":"Input!AV73","v":0.08},{"$f":"Input!AW73","v":0.08},{"$f":"Input!AX73","v":0.08}]
[null,null,null,null,{"$f":"Input!E89","v":"Number of operational years"},null,{"$f":"Input!G89","v":"full years"},null,{"$f":"Input!I89","v":25}]
[]
[null,null,null,null,"Opening balance brought forward",null,"£m nominal",null,null,null,null,{"$f":"K36","v":0},{"$f":"L36","v":0},{"$f":"M36","v":0},{"$f":"N36","v":0},{"$f":"O36","v":0},{"$f":"P36","v":27.909709408143531},{"$f":"Q36","v":73.038968050482922},{"$f":"R36","v":123.876232617765},{"$f":"S36","v":204.87109824892951},{"$f":"T36","v":368.24636228390807},568.55157381168181,{"$f":"V36","v":669.99711060647837},616.39734175796013,567.08555441732335,521.71871006393746,479.98121325882244,441.58271619811666,406.25609890226735,373.75561099008598,343.85516211087912,316.34674914200878,291.03900921064809,267.75588847379623,246.33541739589253,226.62858400422112,208.49829728388343,216.01459084586588,198.73342357819661,182.83474969194089,168.20796971658561,154.75133213925875,142.37122556811806,130.98152752266861,120.50300532085512,110.86276489518671,101.99374370357178,0,0,0]
[null,null,null,null,{"$f":"Input!E16","v":"Capex"},null,"£m nominal",null,null,null,{"$f":"Input!K16 * Finance!K$71","v":0},{"$f":"Input!L16 * Finance!L$71","v":0},{"$f":"Input!M16 * Finance!M$71","v":0},{"$f":"Input!N16 * Finance!N$71","v":0},{"$f":"Input!O16 * Finance!O$71","v":0},{"$f":"Input!P16 * Finance!P$71","v":27.909709408143531},{"$f":"Input!Q16 * Finance!Q$71","v":45.129258642339394},{"$f":"Input!R16 * Finance!R$71","v":50.837264567282084},{"$f":"Input!S16 * Finance!S$71","v":80.994865631164501},{"$f":"Input!T16 * Finance!T$71","v":163.37526403497858},{"$f":"Input!U16 * Finance!U$71","v":200.30521152777376},{"$f":"Input!V16 * Finance!V$71","v":101.44553679479657}]
[null,null,null,null,{"$f":"Input!E29","v":"Replacement capex"},null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W29 * Finance!W$71","v":0},{"$f":"Input!X29 * Finance!X$71","v":0},{"$f":"Input!Y29 * Finance!Y$71","v":0},{"$f":"Input!Z29 * Finance!Z$71","v":0},{"$f":"Input!AA29 * Finance!AA$71","v":0},{"$f":"Input!AB29 * Finance!AB$71","v":0},{"$f":"Input!AC29 * Finance!AC$71","v":0},{"$f":"Input!AD29 * Finance!AD$71","v":0},{"$f":"Input!AE29 * Finance!AE$71","v":0},{"$f":"Input!AF29 * Finance!AF$71","v":0},{"$f":"Input!AG29 * Finance!AG$71","v":0},{"$f":"Input!AH29 * Finance!AH$71","v":0},{"$f":"Input!AI29 * Finance!AI$71","v":0},{"$f":"Input!AJ29 * Finance!AJ$71","v":0},{"$f":"Input!AK29 * Finance!AK$71","v":26.300171026840363},{"$f":"Input!AL29 * Finance!AL$71","v":0},{"$f":"Input!AM29 * Finance!AM$71","v":0},{"$f":"Input!AN29 * Finance!AN$71","v":0},{"$f":"Input!AO29 * Finance!AO$71","v":0},{"$f":"Input!AP29 * Finance!AP$71","v":0},{"$f":"Input!AQ29 * Finance!AQ$71","v":0},{"$f":"Input!AR29 * Finance!AR$71","v":0},{"$f":"Input!AS29 * Finance!AS$71","v":0},{"$f":"Input!AT29 * Finance!AT$71","v":0},{"$f":"Input!AU29 * Finance!AU$71","v":0},{"$f":"Input!AV29 * Finance!AV$71","v":0},{"$f":"Input!AW29 * Finance!AW$71","v":0},{"$f":"Input!AX29 * Finance!AX$71","v":0}]
[null,null,null,null,"Tax book value pre-depreciation",null,"£m nominal",null,null,null,{"$f":"SUM(K30:K32)","v":0},0,0,0,0,27.909709408143531,73.038968050482922,123.876232617765,204.87109824892951,368.24636228390807,568.55157381168181,{"$f":"SUM(V30:V32)","v":669.99711060647837},669.99711060647837,616.39734175796013,567.08555441732335,521.71871006393746,479.98121325882244,441.58271619811666,406.25609890226735,373.75561099008598,343.85516211087912,316.34674914200878,291.03900921064809,267.75588847379623,246.33541739589253,226.62858400422112,234.79846831072379,216.01459084586588,198.73342357819661,182.83474969194089,168.20796971658561,154.75133213925875,142.37122556811806,130.98152752266861,120.50300532085512,110.86276489518671,101.99374370357178,0,0,0]
[null,null,null,null,"Capital allowance (reducing balance)",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-W33 * W27","v":-53.599768848518274},{"$f":"-X33 * X27","v":-49.311787340636812},{"$f":"-Y33 * Y27","v":-45.366844353385872},-41.737496805115001,-38.398497060705793,-35.326617295849331,-32.500487912181391,-29.900448879206881,-27.508412968870331,-25.307739931360704,-23.283120736851849,-21.420471077903699,-19.706833391671402,-18.13028672033769,-18.783877464857905,-17.281167267669272,-15.898673886255729,-14.626779975355271,-13.456637577326848,-12.380106571140701,-11.389698045449446,-10.478522201813488,-9.6402404256684093,-8.8690211916149373,{"$f":"-AU33 * AU27","v":-8.1594994962857434},0,0,0]
[null,null,null,null,"Write-back allowance",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W$3 = $I28, - SUM(W33:W34), 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-93.834244207286034,0,0,0]
[null,null,null,null,"Closing balance carried forward",null,"£m nominal",null,null,null,{"$f":"SUM(K33:K35)","v":0},0,0,0,0,27.909709408143531,{"$f":"SUM(Q33:Q35)","v":73.038968050482922},123.876232617765,204.87109824892951,368.24636228390807,{"$f":"SUM(U33:U35)","v":568.55157381168181},{"$f":"SUM(V33:V35)","v":669.99711060647837},616.39734175796013,567.08555441732335,521.71871006393746,479.98121325882244,441.58271619811666,406.25609890226735,373.75561099008598,343.85516211087912,316.34674914200878,291.03900921064809,267.75588847379623,246.33541739589253,226.62858400422112,208.49829728388343,216.01459084586588,198.73342357819661,182.83474969194089,168.20796971658561,154.75133213925875,142.37122556811806,130.98152752266861,120.50300532085512,110.86276489518671,101.99374370357178,0,0,0,0]
[]
[null,null,null,null,"Capital allowances",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-(W34 + W35)","v":53.599768848518274},{"$f":"-(X34 + X35)","v":49.311787340636812},45.366844353385872,41.737496805115001,38.398497060705793,35.326617295849331,32.500487912181391,29.900448879206881,27.508412968870331,25.307739931360704,23.283120736851849,21.420471077903699,19.706833391671402,18.13028672033769,18.783877464857905,17.281167267669272,15.898673886255729,14.626779975355271,13.456637577326848,12.380106571140701,11.389698045449446,10.478522201813488,9.6402404256684093,8.8690211916149373,{"$f":"-(AU34 + AU35)","v":101.99374370357178},0,0,0]
[]
[null,null,"Interest "]
[]
[null,null,null,"Cost of debt"]
[]
[null,null,null,null,{"$f":"Input!E43","v":"Cost of debt (for tax)"},null,{"$f":"Input!G43","v":"real annual %"},null,{"$f":"Input!I43","v":8.8000000000000005E-3}]
[null,null,null,null,{"$f":"Input!E78","v":"Expected UK RPI inflation"},null,{"$f":"Input!G78","v":"%"},null,{"$f":"Input!I78","v":2.7099999999999999E-2}]
[null,null,null,null,{"$f":"E44","v":"Cost of debt (for tax)"},null,"nominal annual %",null,{"$f":"(1 + I44) * (1 + I$45) - 1","v":3.6138479999999751E-2}]
[]
[null,null,null,"Opening net debt"]
[]
[null,null,null,null,{"$f":"RAV!E23","v":"Opening operational RAV (after transfers)"},null,{"$f":"RAV!G23","v":"£m 15/16 prices"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"RAV!W23","v":733.95198996379202}]
[null,null,null,null,{"$f":"Finance!E71","v":"GB inflation uplift (forecast)"},null,{"$f":"Finance!G71","v":"scalar"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Finance!V71","v":1.1740223786864492},{"$f":"Finance!W71","v":1.2058383851488519}]
[null,null,null,null,"GB inflation uplift (forecast) at start of operational period",null,"scalar",null,{"$f":"AVERAGE(V51:W51)","v":1.1899303819176505}]
[null,null,null,null,{"$f":"Input!E45","v":"Operational notional gearing"},null,{"$f":"Input!G45","v":"%"},null,{"$f":"Input!I45","v":0.5}]
[null,null,null,null,{"$f":"RAV!E23","v":"Opening operational RAV (after transfers)"},null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W50 * I52","v":873.35177172683461}]
[]
[null,null,null,null,"Opening net debt",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I53 * W54","v":436.67588586341731}]
[]
[null,null,null,"Net debt"]
[]
[null,null,null,null,{"$f":"Input!E89","v":"Number of operational years"},null,{"$f":"Input!G89","v":"full years"},null,{"$f":"Input!I89","v":25}]
[null,null,null,null,"Year is within operational period",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(TaxFloor!W3 > 0, TaxFloor!W3<= $I60)","v":true},{"$f":"AND(TaxFloor!X3 > 0, TaxFloor!X3<= $I60)","v":true},{"$f":"AND(TaxFloor!Y3 > 0, TaxFloor!Y3<= $I60)","v":true},{"$f":"AND(TaxFloor!Z3 > 0, TaxFloor!Z3<= $I60)","v":true},{"$f":"AND(TaxFloor!AA3 > 0, TaxFloor!AA3<= $I60)","v":true},{"$f":"AND(TaxFloor!AB3 > 0, TaxFloor!AB3<= $I60)","v":true},{"$f":"AND(TaxFloor!AC3 > 0, TaxFloor!AC3<= $I60)","v":true},{"$f":"AND(TaxFloor!AD3 > 0, TaxFloor!AD3<= $I60)","v":true},{"$f":"AND(TaxFloor!AE3 > 0, TaxFloor!AE3<= $I60)","v":true},{"$f":"AND(TaxFloor!AF3 > 0, TaxFloor!AF3<= $I60)","v":true},{"$f":"AND(TaxFloor!AG3 > 0, TaxFloor!AG3<= $I60)","v":true},{"$f":"AND(TaxFloor!AH3 > 0, TaxFloor!AH3<= $I60)","v":true},{"$f":"AND(TaxFloor!AI3 > 0, TaxFloor!AI3<= $I60)","v":true},{"$f":"AND(TaxFloor!AJ3 > 0, TaxFloor!AJ3<= $I60)","v":true},{"$f":"AND(TaxFloor!AK3 > 0, TaxFloor!AK3<= $I60)","v":true},{"$f":"AND(TaxFloor!AL3 > 0, TaxFloor!AL3<= $I60)","v":true},{"$f":"AND(TaxFloor!AM3 > 0, TaxFloor!AM3<= $I60)","v":true},{"$f":"AND(TaxFloor!AN3 > 0, TaxFloor!AN3<= $I60)","v":true},{"$f":"AND(TaxFloor!AO3 > 0, TaxFloor!AO3<= $I60)","v":true},{"$f":"AND(TaxFloor!AP3 > 0, TaxFloor!AP3<= $I60)","v":true},{"$f":"AND(TaxFloor!AQ3 > 0, TaxFloor!AQ3<= $I60)","v":true},{"$f":"AND(TaxFloor!AR3 > 0, TaxFloor!AR3<= $I60)","v":true},{"$f":"AND(TaxFloor!AS3 > 0, TaxFloor!AS3<= $I60)","v":true},{"$f":"AND(TaxFloor!AT3 > 0, TaxFloor!AT3<= $I60)","v":true},{"$f":"AND(TaxFloor!AU3 > 0, TaxFloor!AU3<= $I60)","v":true},{"$f":"AND(TaxFloor!AV3 > 0, TaxFloor!AV3<= $I60)","v":false},{"$f":"AND(TaxFloor!AW3 > 0, TaxFloor!AW3<= $I60)","v":false},{"$f":"AND(TaxFloor!AX3 > 0, TaxFloor!AX3<= $I60)","v":false}]
[]
[null,null,null,null,"Opening net debt",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W56","v":436.67588586341731},{"$f":"W66","v":425.73098410227061},{"$f":"X66","v":414.38327174641643},402.61792395971196,390.41957030028902,377.77227464035889,364.65951434699525,351.0641586966978,336.96844649553606,322.35396287563657,307.20161523769974,291.49160830811729,275.20341827810466,258.31576599106302,240.80658914314276,222.6530134606906,203.83132281692613,184.3169282488077,164.08433583361085,143.10711338325274,121.35785591285126,98.80814983840672,75.428535856833179,51.188470459845362,26.056286031422243,-8.5052328203449878E-4,-8.8182550808691199E-4,-9.142797653376865E-4]
[null,null,null,null,"Less principal and interest repayment",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-$I73*W$61","v":-26.527938472205381},{"$f":"-$I73*X$61","v":-26.527938472205381},-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,-26.527938472205381,0,0,0]
[null,null,null,null,"Add Interest Accrued",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W68","v":15.5830367110587},{"$f":"X68","v":15.180226116351225},14.7625906855009,14.329584812782482,13.880642812275257,13.415178178841767,12.93258282190793,12.432226271043634,11.913454852305884,11.375590834268543,10.817931542622945,10.239748442192754,9.6402861851637489,9.0187616242851352,8.3743627897532313,7.7062478284409108,7.0135439040869514,6.2953460570085573,5.5507160218472817,4.7786810018039017,3.9782323977608334,3.1483244906318348,2.2878730752175649,1.3957540437822626,0.47080191750110412,-3.1302226052413183E-5,-3.2454257250774473E-5,-3.3648687219107426E-5]
[null,null,null,null,"Closing net debt",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W63:W65)","v":425.73098410227061},414.38327174641643,402.61792395971196,390.41957030028902,377.77227464035889,364.65951434699525,351.0641586966978,336.96844649553606,322.35396287563657,307.20161523769974,291.49160830811729,275.20341827810466,258.31576599106302,240.80658914314276,222.6530134606906,203.83132281692613,184.3169282488077,164.08433583361085,143.10711338325274,121.35785591285126,98.80814983840672,75.428535856833179,51.188470459845362,26.056286031422243,-8.5052328203449878E-4,-8.8182550808691199E-4,-9.142797653376865E-4,-9.4792845255679391E-4]
[]
[null,null,null,null,"Interest Pasted",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,15.5830367110587,15.180226116351225,14.7625906855009,14.329584812782482,13.880642812275257,13.415178178841767,12.93258282190793,12.432226271043634,11.913454852305884,11.375590834268543,10.817931542622945,10.239748442192754,9.6402861851637489,9.0187616242851352,8.3743627897532313,7.7062478284409108,7.0135439040869514,6.2953460570085573,5.5507160218472817,4.7786810018039017,3.9782323977608334,3.1483244906318348,2.2878730752175649,1.3957540437822626,0.47080191750110412,-3.1302226052413183E-5,-3.2454257250774473E-5,-3.3648687219107426E-5]
[null,null,null,null,"Interest Computed",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AVERAGE(W63,W66)*$I$46","v":15.5830367110587},{"$f":"AVERAGE(X63,X66)*$I$46","v":15.180226116351225},14.7625906855009,14.329584812782482,13.880642812275257,13.415178178841767,12.93258282190793,12.432226271043634,11.913454852305884,11.375590834268543,10.817931542622945,10.239748442192754,9.6402861851637489,9.0187616242851352,8.3743627897532313,7.7062478284409108,7.0135439040869514,6.2953460570085573,5.5507160218472817,4.7786810018039017,3.9782323977608334,3.1483244906318348,2.2878730752175649,1.3957540437822626,0.47080191750110412,-3.1302226052413183E-5,-3.2454257250774473E-5,-3.3648687219107426E-5]
[]
[null,null,null,null,"Difference",null,"£m nominal",null,{"$f":"SUM(W71:AX71)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"ABS(W68-W69)","v":0},{"$f":"ABS(X68-X69)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Total Principal and Interest Repayment",null,"£m nominal",null,26.527938472205381]
[]
[null,null,null,null,"Macro to run to calculate annual payments"]
[]
[]
[]
[]
[null,"End of sheet"]

{"sheet":"TaxCap","index":7,"n_rows":45,"n_cols":50,"rows_kept":45,"cut":false,"hidden":false,"merged":[]}
["TaxCap",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Tax (cap)"]
[]
[null,null,"Unprofiled tax allowance (cap)"]
[]
[null,null,null,"Profits attributable to corporation tax"]
[]
[null,null,null,null,"Annuitised allowances except tax (cap)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesCap!W35 * Finance!W71","v":102.25838049421499},{"$f":"AllowancesCap!X35 * Finance!X71","v":105.02958260560821},{"$f":"AllowancesCap!Y35 * Finance!Y71","v":107.87588429422017},{"$f":"AllowancesCap!Z35 * Finance!Z71","v":110.79932075859352},{"$f":"AllowancesCap!AA35 * Finance!AA71","v":113.80198235115141},{"$f":"AllowancesCap!AB35 * Finance!AB71","v":116.88601607286758},{"$f":"AllowancesCap!AC35 * Finance!AC71","v":120.0536271084423},{"$f":"AllowancesCap!AD35 * Finance!AD71","v":123.30708040308106},{"$f":"AllowancesCap!AE35 * Finance!AE71","v":126.64870228200455},{"$f":"AllowancesCap!AF35 * Finance!AF71","v":130.08088211384685},{"$f":"AllowancesCap!AG35 * Finance!AG71","v":133.60607401913211},{"$f":"AllowancesCap!AH35 * Finance!AH71","v":137.22679862505058},{"$f":"AllowancesCap!AI35 * Finance!AI71","v":140.94564486778944},{"$f":"AllowancesCap!AJ35 * Finance!AJ71","v":144.76527184370653},{"$f":"AllowancesCap!AK35 * Finance!AK71","v":148.68841071067098},{"$f":"AllowancesCap!AL35 * Finance!AL71","v":152.71786664093011},{"$f":"AllowancesCap!AM35 * Finance!AM71","v":156.85652082689933},{"$f":"AllowancesCap!AN35 * Finance!AN71","v":161.10733254130827},{"$f":"AllowancesCap!AO35 * Finance!AO71","v":165.47334125317772},{"$f":"AllowancesCap!AP35 * Finance!AP71","v":169.95766880113882},{"$f":"AllowancesCap!AQ35 * Finance!AQ71","v":174.56352162564966},{"$f":"AllowancesCap!AR35 * Finance!AR71","v":179.29419306170476},{"$f":"AllowancesCap!AS35 * Finance!AS71","v":184.15306569367695},{"$f":"AllowancesCap!AT35 * Finance!AT71","v":189.1436137739756},{"$f":"AllowancesCap!AU35 * Finance!AU71","v":194.26940570725031},{"$f":"AllowancesCap!AV35 * Finance!AV71","v":0},{"$f":"AllowancesCap!AW35 * Finance!AW71","v":0},{"$f":"AllowancesCap!AX35 * Finance!AX71","v":0}]
[null,null,null,null,"Less tax deductions",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-Deductions!W14","v":-98.530701255485582},{"$f":"-Deductions!X14","v":-83.422492066997862},{"$f":"-Deductions!Y14","v":-79.572929619227864},{"$f":"-Deductions!Z14","v":-76.037494901365818},{"$f":"-Deductions!AA14","v":-72.790751356431372},{"$f":"-Deductions!AB14","v":-69.809271629342916},{"$f":"-Deductions!AC14","v":-67.071475492532215},{"$f":"-Deductions!AD14","v":-64.557480677647206},{"$f":"-Deductions!AE14","v":-62.24896557836535},{"$f":"-Deductions!AF14","v":-60.129042872038205},{"$f":"-Deductions!AG14","v":-58.182143183967433},{"$f":"-Deductions!AH14","v":-56.393907988100842},{"$f":"-Deductions!AI14","v":-54.751091002322454},{"$f":"-Deductions!AJ14","v":-53.241467395740834},{"$f":"-Deductions!AK14","v":-53.957763862014446},{"$f":"-Deductions!AL14","v":-52.513205793274111},{"$f":"-Deductions!AM14","v":-51.183957415399753},{"$f":"-Deductions!AN14","v":-49.960029801259942},{"$f":"-Deductions!AO14","v":-48.832184560207324},{"$f":"-Deductions!AP14","v":-47.791871453021798},{"$f":"-Deductions!AQ14","v":-46.83117089643757},{"$f":"-Deductions!AR14","v":-45.942740961955067},{"$f":"-Deductions!AS14","v":-45.119768505099429},{"$f":"-Deductions!AT14","v":-44.355924090224832},{"$f":"-Deductions!AU14","v":-137.47956460986634},{"$f":"-Deductions!AV14","v":3.1302226052413183E-5},{"$f":"-Deductions!AW14","v":3.2454257250774473E-5},{"$f":"-Deductions!AX14","v":3.3648687219107426E-5}]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W12:W13)","v":3.727679238729408},{"$f":"SUM(X12:X13)","v":21.60709053861035},28.302954674992307,34.761825857227706,41.011230994720037,47.07674444352466,52.982151615910084,58.749599725433853,64.399736703639206,69.951839241808642,75.423930835164668,80.832890636949742,86.194553865466986,91.523804447965688,94.730646848656534,100.204660847656,105.67256341149957,111.14730274004833,116.6411566929704,122.16579734811702,127.73235072921209,133.35145209974968,139.03329718857754,144.78768968375078,56.78984109738397,3.1302226052413183E-5,3.2454257250774473E-5,3.3648687219107426E-5]
[]
[null,null,null,"Tax losses"]
[]
[null,null,null,null,"Taxable losses brought forward",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W21","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AS21","v":0},{"$f":"AT21","v":0},{"$f":"AU21","v":0},{"$f":"AV21","v":0},{"$f":"AW21","v":0}]
[null,null,null,null,"In-year taxable loss",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MIN(W14, 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W14 >= 0, MIN(W14, -W18), 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Balance carried forward",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W18:W20)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"SUM(AT18:AT20)","v":0},0,0,0,0]
[]
[null,null,null,"Tax allowance"]
[]
[null,null,null,null,"Profits attributable to corporation tax (after taxable losses)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MAX(W14 - W20,0)","v":3.727679238729408},{"$f":"MAX(X14 - X20,0)","v":21.60709053861035},{"$f":"MAX(Y14 - Y20,0)","v":28.302954674992307},34.761825857227706,41.011230994720037,47.07674444352466,52.982151615910084,58.749599725433853,64.399736703639206,69.951839241808642,75.423930835164668,80.832890636949742,86.194553865466986,91.523804447965688,94.730646848656534,100.204660847656,105.67256341149957,111.14730274004833,116.6411566929704,122.16579734811702,127.73235072921209,133.35145209974968,139.03329718857754,144.78768968375078,56.78984109738397,3.1302226052413183E-5,3.2454257250774473E-5,3.3648687219107426E-5]
[null,null,null,null,{"$f":"Input!E72","v":"Corporation tax rate"},null,{"$f":"Input!G72","v":"%"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W72","v":0.2},{"$f":"Input!X72","v":0.2},{"$f":"Input!Y72","v":0.2},{"$f":"Input!Z72","v":0.2},{"$f":"Input!AA72","v":0.2},{"$f":"Input!AB72","v":0.2},{"$f":"Input!AC72","v":0.2},{"$f":"Input!AD72","v":0.2},{"$f":"Input!AE72","v":0.2},{"$f":"Input!AF72","v":0.2},{"$f":"Input!AG72","v":0.2},{"$f":"Input!AH72","v":0.2},{"$f":"Input!AI72","v":0.2},{"$f":"Input!AJ72","v":0.2},{"$f":"Input!AK72","v":0.2},{"$f":"Input!AL72","v":0.2},{"$f":"Input!AM72","v":0.2},{"$f":"Input!AN72","v":0.2},{"$f":"Input!AO72","v":0.2},{"$f":"Input!AP72","v":0.2},{"$f":"Input!AQ72","v":0.2},{"$f":"Input!AR72","v":0.2},{"$f":"Input!AS72","v":0.2},{"$f":"Input!AT72","v":0.2},{"$f":"Input!AU72","v":0.2},{"$f":"Input!AV72","v":0.2},{"$f":"Input!AW72","v":0.2},{"$f":"Input!AX72","v":0.2}]
[null,null,null,null,"Corporation tax charge after losses",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W25 * W26","v":0.74553584774588166},{"$f":"X25 * X26","v":4.3214181077220699},{"$f":"Y25 * Y26","v":5.6605909349984618},6.9523651714455417,8.2022461989440085,9.4153488887049317,10.596430323182018,11.749919945086772,12.879947340727842,13.990367848361728,15.084786167032934,16.16657812738995,17.238910773093398,18.304760889593137,18.946129369731306,20.040932169531203,21.134512682299913,22.229460548009669,23.32823133859408,24.433159469623405,25.54647014584242,26.670290419949936,27.80665943771551,28.957537936750157,11.357968219476795,6.2604452104826374E-6,6.4908514501548951E-6,6.7297374438214853E-6]
[]
[null,null,null,null,"\"Grossing-up\" factor for tax on tax charge after losses",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"1 / (1 - W26)","v":1.25},{"$f":"1 / (1 - X26)","v":1.25},{"$f":"1 / (1 - Y26)","v":1.25},1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25]
[]
[null,null,null,null,"Unprofiled tax allowance (cap)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W27 * W29","v":0.93191980968235211},{"$f":"X27 * X29","v":5.4017726346525876},{"$f":"Y27 * Y29","v":7.0757386687480768},{"$f":"Z27 * Z29","v":8.6904564643069264},10.252807748680011,11.769186110881165,13.245537903977523,14.687399931358465,16.099934175909802,17.487959810452161,18.855982708791167,20.208222659237439,21.548638466366747,22.880951111991422,23.682661712164133,25.051165211914004,26.418140852874892,27.786825685012086,29.1602891732426,30.541449337029256,31.933087682303025,33.33786302493742,34.758324297144384,36.196922420937696,14.197460274345994,7.8255565131032976E-6,8.1135643126936182E-6,8.4121718047768566E-6]
[]
[null,null,"Profiled tax allowance (cap)"]
[]
[null,null,null,null,{"$f":"E31","v":"Unprofiled tax allowance (cap)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"TaxCap!W31 / Finance!W71","v":0.77283972807625745},{"$f":"TaxCap!X31 / Finance!X71","v":4.3614858381066046},{"$f":"TaxCap!Y31 / Finance!Y71","v":5.5623360274664861},{"$f":"TaxCap!Z31 / Finance!Z71","v":6.6514341531228007},{"$f":"TaxCap!AA31 / Finance!AA71","v":7.6401659617756756},{"$f":"TaxCap!AB31 / Finance!AB71","v":8.5387378415461388},{"$f":"TaxCap!AC31 / Finance!AC71","v":9.3562995985515727},{"$f":"TaxCap!AD31 / Finance!AD71","v":10.101054436408564},{"$f":"TaxCap!AE31 / Finance!AE71","v":10.780357472926873},{"$f":"TaxCap!AF31 / Finance!AF71","v":11.400803989132491},{"$f":"TaxCap!AG31 / Finance!AG71","v":11.96830848113953},{"$f":"TaxCap!AH31 / Finance!AH71","v":12.488175473766447},{"$f":"TaxCap!AI31 / Finance!AI71","v":12.965162954807742},{"$f":"TaxCap!AJ31 / Finance!AJ71","v":13.403539199313188},{"$f":"TaxCap!AK31 / Finance!AK71","v":13.50713367300637},{"$f":"TaxCap!AL31 / Finance!AL71","v":13.910664883116864},{"$f":"TaxCap!AM31 / Finance!AM71","v":14.282672543791405},{"$f":"TaxCap!AN31 / Finance!AN71","v":14.626264919481082},{"$f":"TaxCap!AO31 / Finance!AO71","v":14.94423182272206},{"$f":"TaxCap!AP31 / Finance!AP71","v":15.239077680005634},{"$f":"TaxCap!AQ31 / Finance!AQ71","v":15.513051153521609},{"$f":"TaxCap!AR31 / Finance!AR71","v":15.768171677809303},{"$f":"TaxCap!AS31 / Finance!AS71","v":16.006253232915046},{"$f":"TaxCap!AT31 / Finance!AT71","v":16.228925642123119},{"$f":"TaxCap!AU31 / Finance!AU71","v":6.1974931634558326},{"$f":"TaxCap!AV31 / Finance!AV71","v":3.3258901205671292E-6},{"$f":"TaxCap!AW31 / Finance!AW71","v":3.3573113504671454E-6},{"$f":"TaxCap!AX31 / Finance!AX71","v":3.3890294313311554E-6}]
[null,null,null,null,{"$f":"AllowancesCap!E$25","v":"Discount factor to start of operational period (cap)"},null,{"$f":"AllowancesCap!G$25","v":"scalar"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesCap!W$25","v":0.92614031025700394},{"$f":"AllowancesCap!X$25","v":0.85773587428293951},{"$f":"AllowancesCap!Y$25","v":0.79438376872696415},{"$f":"AllowancesCap!Z$25","v":0.73571083003191862},{"$f":"AllowancesCap!AA$25","v":0.68137145638519903},{"$f":"AllowancesCap!AB$25","v":0.63104557201685485},{"$f":"AllowancesCap!AC$25","v":0.58443674185399852},{"$f":"AllowancesCap!AD$25","v":0.5412704254262547},{"$f":"AllowancesCap!AE$25","v":0.50129235973721198},{"$f":"AllowancesCap!AF$25","v":0.46426706157648717},{"$f":"AllowancesCap!AG$25","v":0.42997644045055539},{"$f":"AllowancesCap!AH$25","v":0.39821851396207952},{"$f":"AllowancesCap!AI$25","v":0.3688062180709234},{"$f":"AllowancesCap!AJ$25","v":0.34156630522891723},{"$f":"AllowancesCap!AK$25","v":0.31633832389804795},{"$f":"AllowancesCap!AL$25","v":0.29297367344111869},{"$f":"AllowancesCap!AM$25","v":0.27133472881789183},{"$f":"AllowancesCap!AN$25","v":0.25129402993090239},{"$f":"AllowancesCap!AO$25","v":0.23273353084593879},{"$f":"AllowancesCap!AP$25","v":0.21554390446486574},{"$f":"AllowancesCap!AQ$25","v":0.19962389855509677},{"$f":"AllowancesCap!AR$25","v":0.18487973934252996},{"$f":"AllowancesCap!AS$25","v":0.17122457915492476},{"$f":"AllowancesCap!AT$25","v":0.15857798486216693},{"$f":"AllowancesCap!AU$25","v":0.14686546410017776},{"$f":"AllowancesCap!AV$25","v":0.1360180264877775},{"$f":"AllowancesCap!AW$25","v":0.12597177725193565},{"$f":"AllowancesCap!AX$25","v":0.11666754086773387}]
[]
[null,null,null,null,"Discounted unprofiled tax allowance (cap)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W35 * W36","v":0.71575802553948364},{"$f":"X35 * X36","v":3.7410028685210275},{"$f":"Y35 * Y36","v":4.4186294564245978},4.8935321416966273,5.205791008399717,5.3883327055204475,5.4681652531873555,5.4674020320486205,5.4041108364141994,5.2930177676440353,5.1460906789345682,4.9730226792609624,4.7816327160358814,4.578197361300365,4.2728240267857194,4.0754585908151171,3.87538508146439,3.6754930544533866,3.4780238378823443,3.2846903035918023,3.0967757497506243,2.9152154697016472,2.7406639736530325,2.5735503248058329,0.91019770970861968,4.5238101051473725E-7,4.2292647760644247E-7,3.9538972968178044E-7]
[null,null,null,null,"NPV of tax allowance (cap)",null,"£m 15/16 prices",null,{"$f":"SUM(P38:AX38)","v":100.37296492423762}]
[]
[null,null,null,null,{"$f":"AllowancesCap!E$22","v":"Annuity factor (cap)"},null,{"$f":"AllowancesCap!G$22","v":"scalar"},null,{"$f":"AllowancesCap!I$22","v":9.3478808610046094E-2}]
[]
[null,null,null,null,"Annuity of tax allowance (cap)",null,"£m 15/16 prices",null,{"$f":"I39 * I41","v":9.3827451777756785},null,null,9.3827451777756785,"hard coded value to prevent accidental updates as input values change"]
[]
[null,"End of sheet"]

{"sheet":"TaxFloor","index":8,"n_rows":45,"n_cols":50,"rows_kept":45,"cut":false,"hidden":false,"merged":[]}
["TaxFloor",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Tax (floor)"]
[]
[null,null,"Unprofiled tax allowance (floor)"]
[]
[null,null,null,"Profits attributable to corporation tax"]
[]
[null,null,null,null,"Annuitised allowances except tax (floor)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesFloor!W35 * Finance!W71","v":60.63963468335735},{"$f":"AllowancesFloor!X35 * Finance!X71","v":62.282968783276331},{"$f":"AllowancesFloor!Y35 * Finance!Y71","v":63.970837237303108},{"$f":"AllowancesFloor!Z35 * Finance!Z71","v":65.704446926434017},{"$f":"AllowancesFloor!AA35 * Finance!AA71","v":67.485037438140381},{"$f":"AllowancesFloor!AB35 * Finance!AB71","v":69.31388195271397},{"$f":"AllowancesFloor!AC35 * Finance!AC71","v":71.192288153632518},{"$f":"AllowancesFloor!AD35 * Finance!AD71","v":73.121599162595942},{"$f":"AllowancesFloor!AE35 * Finance!AE71","v":75.103194499902287},{"$f":"AllowancesFloor!AF35 * Finance!AF71","v":77.138491070849625},{"$f":"AllowancesFloor!AG35 * Finance!AG71","v":79.228944178869654},{"$f":"AllowancesFloor!AH35 * Finance!AH71","v":81.376048566117021},{"$f":"AllowancesFloor!AI35 * Finance!AI71","v":83.581339482258784},{"$f":"AllowancesFloor!AJ35 * Finance!AJ71","v":85.846393782227992},{"$f":"AllowancesFloor!AK35 * Finance!AK71","v":88.17283105372637},{"$f":"AllowancesFloor!AL35 * Finance!AL71","v":90.562314775282331},{"$f":"AllowancesFloor!AM35 * Finance!AM71","v":93.016553505692485},{"$f":"AllowancesFloor!AN35 * Finance!AN71","v":95.537302105696739},{"$f":"AllowancesFloor!AO35 * Finance!AO71","v":98.126362992761116},{"$f":"AllowancesFloor!AP35 * Finance!AP71","v":100.78558742986493},{"$f":"AllowancesFloor!AQ35 * Finance!AQ71","v":103.51687684921426},{"$f":"AllowancesFloor!AR35 * Finance!AR71","v":106.32218421182796},{"$f":"AllowancesFloor!AS35 * Finance!AS71","v":109.2035154039685},{"$f":"AllowancesFloor!AT35 * Finance!AT71","v":112.16293067141604},{"$f":"AllowancesFloor!AU35 * Finance!AU71","v":115.2025460926114},{"$f":"AllowancesFloor!AV35 * Finance!AV71","v":0},{"$f":"AllowancesFloor!AW35 * Finance!AW71","v":0},{"$f":"AllowancesFloor!AX35 * Finance!AX71","v":0}]
[null,null,null,null,"Less tax deductions",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-Deductions!W14","v":-98.530701255485582},{"$f":"-Deductions!X14","v":-83.422492066997862},{"$f":"-Deductions!Y14","v":-79.572929619227864},{"$f":"-Deductions!Z14","v":-76.037494901365818},{"$f":"-Deductions!AA14","v":-72.790751356431372},{"$f":"-Deductions!AB14","v":-69.809271629342916},{"$f":"-Deductions!AC14","v":-67.071475492532215},{"$f":"-Deductions!AD14","v":-64.557480677647206},{"$f":"-Deductions!AE14","v":-62.24896557836535},{"$f":"-Deductions!AF14","v":-60.129042872038205},{"$f":"-Deductions!AG14","v":-58.182143183967433},{"$f":"-Deductions!AH14","v":-56.393907988100842},{"$f":"-Deductions!AI14","v":-54.751091002322454},{"$f":"-Deductions!AJ14","v":-53.241467395740834},{"$f":"-Deductions!AK14","v":-53.957763862014446},{"$f":"-Deductions!AL14","v":-52.513205793274111},{"$f":"-Deductions!AM14","v":-51.183957415399753},{"$f":"-Deductions!AN14","v":-49.960029801259942},{"$f":"-Deductions!AO14","v":-48.832184560207324},{"$f":"-Deductions!AP14","v":-47.791871453021798},{"$f":"-Deductions!AQ14","v":-46.83117089643757},{"$f":"-Deductions!AR14","v":-45.942740961955067},{"$f":"-Deductions!AS14","v":-45.119768505099429},{"$f":"-Deductions!AT14","v":-44.355924090224832},{"$f":"-Deductions!AU14","v":-137.47956460986634},{"$f":"-Deductions!AV14","v":3.1302226052413183E-5},{"$f":"-Deductions!AW14","v":3.2454257250774473E-5},{"$f":"-Deductions!AX14","v":3.3648687219107426E-5}]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W12:W13)","v":-37.891066572128231},-21.13952328372153,-15.602092381924756,-10.333047974931802,-5.3057139182909907,-0.49538967662894606,4.1208126611003024,8.564118484948736,12.854228921536937,17.00944819881142,21.04680099490222,24.982140578016178,28.83024847993633,32.604926386487158,34.215067191711924,38.049108982008221,41.832596090292732,45.577272304436796,49.294178432553792,52.993715976843134,56.685705952776686,60.379443249872892,64.083746898869066,67.807006581191203,-22.277018517254945,3.1302226052413183E-5,3.2454257250774473E-5,3.3648687219107426E-5]
[]
[null,null,null,"Tax losses"]
[]
[null,null,null,null,"Taxable losses brought forward",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W21","v":-37.891066572128231},-59.030589855849762,-74.632682237774517,-84.965730212706319,-90.27144413099731,-90.766833807626256,-86.646021146525953,-78.081902661577217,-65.227673740040274,-48.218225541228854,-27.171424546326634,-2.1892839683104555,0,0,0,0,0,0,0,0,0,0,0,0,-22.277018517254945,-22.276987215028893,-22.276954760771641]
[null,null,null,null,"In-year taxable loss",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MIN(W14, 0)","v":-37.891066572128231},-21.13952328372153,-15.602092381924756,-10.333047974931802,-5.3057139182909907,-0.49538967662894606,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-22.277018517254945,0,0,0]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W14 >= 0, MIN(W14, -W18), 0)","v":0},0,0,0,0,0,4.1208126611003024,8.564118484948736,12.854228921536937,17.00944819881142,21.04680099490222,24.982140578016178,2.1892839683104555,0,0,0,0,0,0,0,0,0,0,0,0,3.1302226052413183E-5,3.2454257250774473E-5,3.3648687219107426E-5]
[null,null,null,null,"Balance carried forward",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W18:W20)","v":-37.891066572128231},-59.030589855849762,-74.632682237774517,-84.965730212706319,-90.27144413099731,-90.766833807626256,-86.646021146525953,-78.081902661577217,-65.227673740040274,-48.218225541228854,-27.171424546326634,-2.1892839683104555,0,0,0,0,0,0,0,0,0,0,0,0,-22.277018517254945,-22.276987215028893,-22.276954760771641,-22.276921112084423]
[]
[null,null,null,"Tax allowance"]
[]
[null,null,null,null,"Profits attributable to corporation tax (after taxable losses)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MAX(W14 - W20,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,26.640964511625874,32.604926386487158,34.215067191711924,38.049108982008221,41.832596090292732,45.577272304436796,49.294178432553792,52.993715976843134,56.685705952776686,60.379443249872892,64.083746898869066,67.807006581191203,0,0,0,0]
[null,null,null,null,{"$f":"Input!E72","v":"Corporation tax rate"},null,{"$f":"Input!G72","v":"%"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W72","v":0.2},{"$f":"Input!X72","v":0.2},{"$f":"Input!Y72","v":0.2},{"$f":"Input!Z72","v":0.2},{"$f":"Input!AA72","v":0.2},{"$f":"Input!AB72","v":0.2},{"$f":"Input!AC72","v":0.2},{"$f":"Input!AD72","v":0.2},{"$f":"Input!AE72","v":0.2},{"$f":"Input!AF72","v":0.2},{"$f":"Input!AG72","v":0.2},{"$f":"Input!AH72","v":0.2},{"$f":"Input!AI72","v":0.2},{"$f":"Input!AJ72","v":0.2},{"$f":"Input!AK72","v":0.2},{"$f":"Input!AL72","v":0.2},{"$f":"Input!AM72","v":0.2},{"$f":"Input!AN72","v":0.2},{"$f":"Input!AO72","v":0.2},{"$f":"Input!AP72","v":0.2},{"$f":"Input!AQ72","v":0.2},{"$f":"Input!AR72","v":0.2},{"$f":"Input!AS72","v":0.2},{"$f":"Input!AT72","v":0.2},{"$f":"Input!AU72","v":0.2},{"$f":"Input!AV72","v":0.2},{"$f":"Input!AW72","v":0.2},{"$f":"Input!AX72","v":0.2}]
[null,null,null,null,"Corporation tax charge after losses",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W25 * $W26","v":0},0,0,0,0,0,0,0,0,0,0,0,5.3281929023251751,6.5209852772974317,6.8430134383423855,7.6098217964016444,8.3665192180585475,9.11545446088736,9.8588356865107585,10.598743195368627,11.337141190555338,12.07588864997458,12.816749379773814,13.561401316238241,0,0,0,0]
[]
[null,null,null,null,"\"Grossing-up\" factor for tax on tax charge after losses",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"1 / (1 - W26)","v":1.25},{"$f":"1 / (1 - X26)","v":1.25},1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25]
[]
[null,null,null,null,"Unprofiled tax allowance (floor)",null,"£m nominal prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W27 * W29","v":0},{"$f":"X27 * X29","v":0},0,0,0,0,0,0,0,0,0,0,6.6602411279064686,8.1512315966217894,8.553766797927981,9.5122772455020552,10.458149022573185,11.394318076109201,12.323544608138448,13.248428994210784,14.171426488194172,15.094860812468225,16.020936724717266,16.951751645297801,0,0,0,0]
[]
[null,null,"Profiled tax allowance (floor)"]
[]
[null,null,null,null,{"$f":"TaxFloor!E31","v":"Unprofiled tax allowance (floor)"},null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"TaxFloor!W31 / Finance!W71","v":0},{"$f":"TaxFloor!X31 / Finance!X71","v":0},{"$f":"TaxFloor!Y31 / Finance!Y71","v":0},{"$f":"TaxFloor!Z31 / Finance!Z71","v":0},{"$f":"TaxFloor!AA31 / Finance!AA71","v":0},{"$f":"TaxFloor!AB31 / Finance!AB71","v":0},{"$f":"TaxFloor!AC31 / Finance!AC71","v":0},{"$f":"TaxFloor!AD31 / Finance!AD71","v":0},{"$f":"TaxFloor!AE31 / Finance!AE71","v":0},{"$f":"TaxFloor!AF31 / Finance!AF71","v":0},{"$f":"TaxFloor!AG31 / Finance!AG71","v":0},{"$f":"TaxFloor!AH31 / Finance!AH71","v":0},{"$f":"TaxFloor!AI31 / Finance!AI71","v":4.0072653163863343},{"$f":"TaxFloor!AJ31 / Finance!AJ71","v":4.7749480208775923},{"$f":"TaxFloor!AK31 / Finance!AK71","v":4.8785424945707714},{"$f":"TaxFloor!AL31 / Finance!AL71","v":5.2820737046812658},{"$f":"TaxFloor!AM31 / Finance!AM71","v":5.6540813653558093},{"$f":"TaxFloor!AN31 / Finance!AN71","v":5.9976737410454835},{"$f":"TaxFloor!AO31 / Finance!AO71","v":6.3156406442864625},{"$f":"TaxFloor!AP31 / Finance!AP71","v":6.6104865015700369},{"$f":"TaxFloor!AQ31 / Finance!AQ71","v":6.8844599750860107},{"$f":"TaxFloor!AR31 / Finance!AR71","v":7.1395804993737082},{"$f":"TaxFloor!AS31 / Finance!AS71","v":7.3776620544794476},{"$f":"TaxFloor!AT31 / Finance!AT71","v":7.6003344636875196},{"$f":"TaxFloor!AU31 / Finance!AU71","v":0},{"$f":"TaxFloor!AV31 / Finance!AV71","v":0},{"$f":"TaxFloor!AW31 / Finance!AW71","v":0},{"$f":"TaxFloor!AX31 / Finance!AX71","v":0}]
[null,null,null,null,{"$f":"AllowancesFloor!E$25","v":"Discount factor to start of operational period (floor)"},null,{"$f":"AllowancesFloor!G$25","v":"scalar"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesFloor!W$25","v":0.99127676447264079},{"$f":"AllowancesFloor!X$25","v":0.98262962378334739},{"$f":"AllowancesFloor!Y$25","v":0.97405791413892495},{"$f":"AllowancesFloor!Z$25","v":0.96556097753660286},{"$f":"AllowancesFloor!AA$25","v":0.95713816171352395},{"$f":"AllowancesFloor!AB$25","v":0.9487888200966732},{"$f":"AllowancesFloor!AC$25","v":0.9405123117532449},{"$f":"AllowancesFloor!AD$25","v":0.9323080013414401},{"$f":"AllowancesFloor!AE$25","v":0.92417525906169717},{"$f":"AllowancesFloor!AF$25","v":0.91611346060834387},{"$f":"AllowancesFloor!AG$25","v":0.90812198712167325},{"$f":"AllowancesFloor!AH$25","v":0.90020022514043729},{"$f":"AllowancesFloor!AI$25","v":0.89234756655475567},{"$f":"AllowancesFloor!AJ$25","v":0.88456340855943261},{"$f":"AllowancesFloor!AK$25","v":0.87684715360768506},{"$f":"AllowancesFloor!AL$25","v":0.8691982093652707},{"$f":"AllowancesFloor!AM$25","v":0.86161598866501854},{"$f":"AllowancesFloor!AN$25","v":0.85409990946175507},{"$f":"AllowancesFloor!AO$25","v":0.84664939478762413},{"$f":"AllowancesFloor!AP$25","v":0.83926387270779546},{"$f":"AllowancesFloor!AQ$25","v":0.83194277627656188},{"$f":"AllowancesFloor!AR$25","v":0.82468554349381629},{"$f":"AllowancesFloor!AS$25","v":0.81749161726191166},{"$f":"AllowancesFloor!AT$25","v":0.8103604453428942},{"$f":"AllowancesFloor!AU$25","v":0.80329148031611231},{"$f":"AllowancesFloor!AV$25","v":0.7962841795361939},{"$f":"AllowancesFloor!AW$25","v":0.78933800509138985},{"$f":"AllowancesFloor!AX$25","v":0.78245242376228163}]
[]
[null,null,null,null,"Discounted unprofiled tax allowance (floor)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W35 * AllowancesFloor!W$25","v":0},{"$f":"X35 * AllowancesFloor!X$25","v":0},{"$f":"Y35 * AllowancesFloor!Y$25","v":0},{"$f":"Z35 * AllowancesFloor!Z$25","v":0},{"$f":"AA35 * AllowancesFloor!AA$25","v":0},{"$f":"AB35 * AllowancesFloor!AB$25","v":0},{"$f":"AC35 * AllowancesFloor!AC$25","v":0},{"$f":"AD35 * AllowancesFloor!AD$25","v":0},{"$f":"AE35 * AllowancesFloor!AE$25","v":0},{"$f":"AF35 * AllowancesFloor!AF$25","v":0},{"$f":"AG35 * AllowancesFloor!AG$25","v":0},{"$f":"AH35 * AllowancesFloor!AH$25","v":0},{"$f":"AI35 * AllowancesFloor!AI$25","v":3.5758734536166186},{"$f":"AJ35 * AllowancesFloor!AJ$25","v":4.2237442970416001},{"$f":"AK35 * AllowancesFloor!AK$25","v":4.2777361001185161},{"$f":"AL35 * AllowancesFloor!AL$25","v":4.5911690058443382},{"$f":"AM35 * AllowancesFloor!AM$25","v":4.8716469056035034},{"$f":"AN35 * AllowancesFloor!AN$25","v":5.1226125992080931},{"$f":"AO35 * AllowancesFloor!AO$25","v":5.3471333291812542},{"$f":"AP35 * AllowancesFloor!AP$25","v":5.5479425017902759},{"$f":"AQ35 * AllowancesFloor!AQ$25","v":5.7274767448379258},{"$f":"AR35 * AllowancesFloor!AR$25","v":5.8879088244438584},{"$f":"AS35 * AllowancesFloor!AS$25","v":6.0311768845282412},{"$f":"AT35 * AllowancesFloor!AT$25","v":6.159010420748765},{"$f":"AU35 * AllowancesFloor!AU$25","v":0},{"$f":"AV35 * AllowancesFloor!AV$25","v":0},{"$f":"AW35 * AllowancesFloor!AW$25","v":0},{"$f":"AX35 * AllowancesFloor!AX$25","v":0}]
[null,null,null,null,"NPV of tax allowance (floor)",null,"£m 15/16 prices",null,{"$f":"SUM(P38:AX38)","v":61.363431066962988}]
[]
[null,null,null,null,{"$f":"AllowancesFloor!E$22","v":"Annuity factor (floor)"},null,{"$f":"AllowancesFloor!G$22","v":"scalar"},null,{"$f":"AllowancesFloor!I$22","v":4.4736242304815661E-2}]
[]
[null,null,null,null,"Annuity of tax allowance (floor)",null,"£m 15/16 prices",null,{"$f":"I39 * I41","v":2.7451693208665091},null,null,2.7451693208665091,"hard coded value to prevent accidental updates as input values change"]
[]
[null,"End of sheet"]

{"sheet":"Availability","index":9,"n_rows":59,"n_cols":50,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Availability",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Availability incentives"]
[]
[null,null,"Avaliability incentive"]
[]
[null,null,null,null,"Cap (pre-availability incentive)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362},{"$f":"AllowancesCap!$I34+TaxCap!$I43","v":94.18546978302362}]
[null,null,null,null,"Floor (pre-availability incentive)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066},{"$f":"AllowancesFloor!$I34+TaxFloor!$I43","v":53.033529212372066}]
[]
[null,null,null,null,"Cap availability incentive rate",null,"scalar","AICt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W43","v":1.02},{"$f":"X43","v":1.02},1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,0,0,0]
[null,null,null,null,"Floor availability incentive rate",null,"scalar","AIFt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W57","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,{"$f":"AU57","v":1},{"$f":"AV57","v":0},0,0]
[]
[null,null,null,null,"Cap (post-availability incentive)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W10 *W13","v":96.069179178684095},{"$f":"X10 *X13","v":96.069179178684095},96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,96.069179178684095,0,0,0]
[null,null,null,null,"Floor (post-availability incentive)",null,"£m 15/16 prices",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W11 *W14","v":53.033529212372066},{"$f":"X11 *X14","v":53.033529212372066},53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,53.033529212372066,0,0,0]
[]
[]
[]
[null,null,null,"Upper and lower availability limits"]
[]
[null,null,null,null,{"$f":"Input!E89","v":"Number of operational years"},null,{"$f":"Input!G89","v":"full years"},null,{"$f":"Input!I89","v":25}]
[null,null,null,null,"Year is within operational period",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(W3 > 0, W3<= $I23)","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false]
[]
[null,null,null,null,"Interconnector Rated Capacity",null,"MW","RC",{"$f":"Input!I52","v":1400}]
[null,null,null,null,"Number of Hours in Relevant Year",null,"hours pa",null,{"$f":"Input!I53","v":8766}]
[]
[null,null,null,"Cap incentive rate"]
[]
[null,null,null,null,{"$f":"Input!E56","v":"Cap availability incentive target"},null,{"$f":"Input!G56","v":"%"},null,{"$f":"Input!I56","v":0.93}]
[]
[null,null,null,null,"Maximum Possible Availability",null,"MWh","MPA",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I$26*$I$27*W24","v":12272400},{"$f":"$I$26*$I$27*X24","v":12272400},{"$f":"$I$26*$I$27*Y24","v":12272400},12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Cap Period",null,"MWh","IOt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W62","v":0},{"$f":"Input!X62","v":0},{"$f":"Input!Y62","v":0},{"$f":"Input!Z62","v":0},{"$f":"Input!AA62","v":0},{"$f":"Input!AB62","v":0},{"$f":"Input!AC62","v":0},{"$f":"Input!AD62","v":0},{"$f":"Input!AE62","v":0},{"$f":"Input!AF62","v":0},{"$f":"Input!AG62","v":0},{"$f":"Input!AH62","v":0},{"$f":"Input!AI62","v":0},{"$f":"Input!AJ62","v":0},{"$f":"Input!AK62","v":0},{"$f":"Input!AL62","v":0},{"$f":"Input!AM62","v":0},{"$f":"Input!AN62","v":0},{"$f":"Input!AO62","v":0},{"$f":"Input!AP62","v":0},{"$f":"Input!AQ62","v":0},{"$f":"Input!AR62","v":0},{"$f":"Input!AS62","v":0},{"$f":"Input!AT62","v":0},{"$f":"Input!AU62","v":0},{"$f":"Input!AV62","v":0},{"$f":"Input!AW62","v":0},{"$f":"Input!AX62","v":0}]
[null,null,null,null,"Actual Availability for Cap",null,"MWh","AACt (AAt)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W33-W34","v":12272400},{"$f":"X33-X34","v":12272400},{"$f":"Y33-Y34","v":12272400},12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,0,0,0]
[null,null,null,null,"Availability Target",null,"MWh","AT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I27*$I26*$I31*W24","v":11413332},{"$f":"$I27*$I26*$I31*X24","v":11413332},11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,11413332,0,0,0]
[null,null,null,null,"Availability Performance at Cap",null,"scalar","APCt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W36=0,0,W35/W36)","v":1.075268817204301},{"$f":"IF(X36=0,0,X35/X36)","v":1.075268817204301},{"$f":"IF(Y36=0,0,Y35/Y36)","v":1.075268817204301},1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,1.075268817204301,0,0,0]
[]
[null,null,null,null,{"$f":"Input!E57","v":"Cap availability incentive upper limit"},null,{"$f":"Input!G57","v":"scalar"},null,{"$f":"Input!I57","v":1.02}]
[null,null,null,null,{"$f":"Input!E58","v":"Cap availability incentive lower limit"},null,{"$f":"Input!G58","v":"scalar"},null,{"$f":"Input!I58","v":0.98}]
[]
[]
[null,null,null,null,"Cap availability incentive rate",null,"scalar","AICt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W37>$I39,$I39,IF(W37<$I40,$I40,W37))*W24","v":1.02},1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,1.02,0,0,0]
[]
[null,null,"Floor incentive rate"]
[]
[]
[null,null,null,null,"Floor availability incentive target",null,"%",null,{"$f":"Input!I68","v":0.8}]
[null,null,null,null,"Maximum Possible Availability",null,"MWh","MPA",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I$26*$I$27*W24","v":12272400},12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,{"$f":"$I$26*$I$27*AU24","v":12272400},{"$f":"$I$26*$I$27*AV24","v":0},0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Floor Period",null,"MWh","IOt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W65","v":0},{"$f":"Input!X65","v":0},{"$f":"Input!Y65","v":0},{"$f":"Input!Z65","v":0},{"$f":"Input!AA65","v":0},{"$f":"Input!AB65","v":0},{"$f":"Input!AC65","v":0},{"$f":"Input!AD65","v":0},{"$f":"Input!AE65","v":0},{"$f":"Input!AF65","v":0},{"$f":"Input!AG65","v":0},{"$f":"Input!AH65","v":0},{"$f":"Input!AI65","v":0},{"$f":"Input!AJ65","v":0},{"$f":"Input!AK65","v":0},{"$f":"Input!AL65","v":0},{"$f":"Input!AM65","v":0},{"$f":"Input!AN65","v":0},{"$f":"Input!AO65","v":0},{"$f":"Input!AP65","v":0},{"$f":"Input!AQ65","v":0},{"$f":"Input!AR65","v":0},{"$f":"Input!AS65","v":0},{"$f":"Input!AT65","v":0},{"$f":"Input!AU65","v":0},{"$f":"Input!AV65","v":0},{"$f":"Input!AW65","v":0},{"$f":"Input!AX65","v":0}]
[null,null,null,null,"Outages associated with Exceptional Events",null,"MWh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W66","v":0},{"$f":"Input!X66","v":0},{"$f":"Input!Y66","v":0},{"$f":"Input!Z66","v":0},{"$f":"Input!AA66","v":0},{"$f":"Input!AB66","v":0},{"$f":"Input!AC66","v":0},{"$f":"Input!AD66","v":0},{"$f":"Input!AE66","v":0},{"$f":"Input!AF66","v":0},{"$f":"Input!AG66","v":0},{"$f":"Input!AH66","v":0},{"$f":"Input!AI66","v":0},{"$f":"Input!AJ66","v":0},{"$f":"Input!AK66","v":0},{"$f":"Input!AL66","v":0},{"$f":"Input!AM66","v":0},{"$f":"Input!AN66","v":0},{"$f":"Input!AO66","v":0},{"$f":"Input!AP66","v":0},{"$f":"Input!AQ66","v":0},{"$f":"Input!AR66","v":0},{"$f":"Input!AS66","v":0},{"$f":"Input!AT66","v":0},{"$f":"Input!AU66","v":0},{"$f":"Input!AV66","v":0},{"$f":"Input!AW66","v":0},{"$f":"Input!AX66","v":0}]
[null,null,null,null,"Actual Availability for Floor",null,"MWh","AAFt (AAt)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W49-W50+W51","v":12272400},{"$f":"X49-X50+X51","v":12272400},12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,12272400,0,0,0]
[null,null,null,null,"Minimum Availability Target",null,"MWh","MAT",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I27*$I26*$I48*W$24","v":9817920},{"$f":"$I27*$I26*$I48*X$24","v":9817920},9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,9817920,0,0,0]
[null,null,null,null,"Availability Performance at Floor",null,"scalar","APFt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W53=0,0,W52/W53)","v":1.25},{"$f":"IF(X53=0,0,X52/X53)","v":1.25},1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,0,0,0]
[]
[]
[null,null,null,null,"Floor availability incentive rate",null,{"$f":"G54","v":"scalar"},"AIFt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W54<1,0,1)","v":1},{"$f":"IF(X54<1,0,1)","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,0,0,0]
[]
[null,"End of sheet"]

{"sheet":"Assessment","index":10,"n_rows":81,"n_cols":52,"rows_kept":81,"cut":false,"hidden":false,"merged":[]}
["Assessment",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Assessment"]
[]
[null,null,"NPVs"]
[]
[null,null,null,"NPV factors"]
[null,null,null,null,null,null,null,{"$f":"RPI!E10","v":"2015/16 RPI inflation index value (CHAW)"}]
[null,null,null,null,"RPI index",null,"scalar","Jan 1987 = 100",{"$f":"RPI!I10","v":259.21699999999998},null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!V81","v":304.32655893596529},{"$f":"Input!W81","v":312.57380868312993},{"$f":"Input!X81","v":321.04455889844269},{"$f":"Input!Y81","v":329.74486644459046},{"$f":"Input!Z81","v":338.68095232523882},{"$f":"Input!AA81","v":347.85920613325277},{"$f":"Input!AB81","v":357.28619061946387},{"$f":"Input!AC81","v":366.9686463852513},{"$f":"Input!AD81","v":376.91349670229158},{"$f":"Input!AE81","v":387.12785246292367},{"$f":"Input!AF81","v":397.61901726466886},{"$f":"Input!AG81","v":408.39449263254136},{"$f":"Input!AH81","v":419.4619833828832},{"$f":"Input!AI81","v":430.82940313255932},{"$f":"Input!AJ81","v":442.50487995745164},{"$f":"Input!AK81","v":454.49676220429853},{"$f":"Input!AL81","v":466.81362446003499},{"$f":"Input!AM81","v":479.46427368290188},{"$f":"Input!AN81","v":492.45775549970847},{"$f":"Input!AO81","v":505.80336067375055},{"$f":"Input!AP81","v":519.51063174800913},{"$f":"Input!AQ81","v":533.58936986838012},{"$f":"Input!AR81","v":548.0496417918132},{"$f":"Input!AS81","v":562.90178708437134},{"$f":"Input!AT81","v":578.15642551435769},{"$f":"Input!AU81","v":593.82446464579675},{"$f":"Input!AV81","v":609.91710763769777},{"$f":"Input!AW81","v":626.44586125467936},{"$f":"Input!AX81","v":643.42254409468114}]
[null,null,null,null,"RPI index increase",null,"annual %",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W12/V12-1","v":2.7099999999999902E-2},{"$f":"X12/W12-1","v":2.7099999999999902E-2},{"$f":"Y12/X12-1","v":2.7099999999999902E-2},2.7099999999999902E-2,{"$f":"AA12/Z12-1","v":2.7099999999999902E-2},2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2,2.7099999999999902E-2]
[null,null,null,null,{"$f":"Input!E41","v":"Operational discount rate"},null,{"$f":"Input!G41","v":"real annual %"},"ODRt",{"$f":"Input!I41","v":4.4274999999999995E-2}]
[null,null,null,null,"Operational discount rate",null,"nominal %","NODRt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(1+$I14)*(1+W13)-1","v":7.2574852500000064E-2},{"$f":"(1+$I14)*(1+X13)-1","v":7.2574852500000064E-2},7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2,7.2574852500000064E-2]
[]
[null,null,null,null,"Five year uplift factor",null,"scalar","UFt1",{"$f":"(1 + $I$14) * I18","v":1.1892126612437137},null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"(1+X15)*(1+Y15)*(1+Z15)*(1+AA15)","v":1.323458846429503},0,0,0,0,{"$f":"(1+AC15)*(1+AD15)*(1+AE15)*(1+AF15)","v":1.323458846429503},0,0,0,0,{"$f":"(1+AH15)*(1+AI15)*(1+AJ15)*(1+AK15)","v":1.323458846429503},0,0,0,0,{"$f":"(1+AM15)*(1+AN15)*(1+AO15)*(1+AP15)","v":1.323458846429503},0,0,0,0,{"$f":"(1+AR15)*(1+AS15)*(1+AT15)*(1+AU15)","v":1.323458846429503},0,0,0,null,{"$f":"(1+AW15)*(1+AX15)*(1+AY15)*(1+AZ15)","v":1.150416814215397}]
[null,null,null,null,"Four year uplift factor",null,"scalar","UFt2",1.138792618078297,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,{"$f":"(1+X15)*(1+Y15)*(1+Z15)","v":1.2339081448205993},{"$f":"(1+Y15)*(1+Z15)*(1+AA15)","v":1.2339081448205993},0,0,0,{"$f":"(1+AC15)*(1+AD15)*(1+AE15)","v":1.2339081448205993},{"$f":"(1+AD15)*(1+AE15)*(1+AF15)","v":1.2339081448205993},0,0,0,{"$f":"(1+AH15)*(1+AI15)*(1+AJ15)","v":1.2339081448205993},{"$f":"(1+AI15)*(1+AJ15)*(1+AK15)","v":1.2339081448205993},0,0,0,{"$f":"(1+AM15)*(1+AN15)*(1+AO15)","v":1.2339081448205993},{"$f":"(1+AN15)*(1+AO15)*(1+AP15)","v":1.2339081448205993},0,0,0,{"$f":"(1+AR15)*(1+AS15)*(1+AT15)","v":1.2339081448205993},{"$f":"(1+AS15)*(1+AT15)*(1+AU15)","v":1.2339081448205993},0,0,0,null,{"$f":"(1+AX15)*(1+AY15)*(1+AZ15)","v":1.0725748525000001}]
[null,null,null,null,"Three year uplift factor",null,"scalar","UFt3",1.090510275625,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,{"$f":"(1+X15)*(1+Y15)","v":1.150416814215397},{"$f":"(1+Y15)*(1+Z15)","v":1.150416814215397},{"$f":"(1+Z15)*(1+AA15)","v":1.150416814215397},0,0,{"$f":"(1+AC15)*(1+AD15)","v":1.150416814215397},{"$f":"(1+AD15)*(1+AE15)","v":1.150416814215397},{"$f":"(1+AE15)*(1+AF15)","v":1.150416814215397},0,0,{"$f":"(1+AH15)*(1+AI15)","v":1.150416814215397},{"$f":"(1+AI15)*(1+AJ15)","v":1.150416814215397},{"$f":"(1+AJ15)*(1+AK15)","v":1.150416814215397},0,0,{"$f":"(1+AM15)*(1+AN15)","v":1.150416814215397},{"$f":"(1+AN15)*(1+AO15)","v":1.150416814215397},{"$f":"(1+AO15)*(1+AP15)","v":1.150416814215397},0,0,{"$f":"(1+AR15)*(1+AS15)","v":1.150416814215397},{"$f":"(1+AS15)*(1+AT15)","v":1.150416814215397},{"$f":"(1+AT15)*(1+AU15)","v":1.150416814215397},0,0,{"$f":"(1+AW15)*(1+AX15)","v":1.150416814215397},null,{"$f":"(1+AY15)*(1+AZ15)","v":1}]
[null,null,null,null,"Two year uplift factor",null,"scalar","UFt4",{"$f":"(1 + $I$14) * I21","v":1.0442750000000001},null,null,null,null,null,null,null,null,null,null,null,null,null,0,{"$f":"(1+X15)","v":1.0725748525000001},{"$f":"(1+Y15)","v":1.0725748525000001},{"$f":"(1+Z15)","v":1.0725748525000001},{"$f":"(1+AA15)","v":1.0725748525000001},0,{"$f":"(1+AC15)","v":1.0725748525000001},{"$f":"(1+AD15)","v":1.0725748525000001},{"$f":"(1+AE15)","v":1.0725748525000001},{"$f":"(1+AF15)","v":1.0725748525000001},0,{"$f":"(1+AH15)","v":1.0725748525000001},{"$f":"(1+AI15)","v":1.0725748525000001},{"$f":"(1+AJ15)","v":1.0725748525000001},{"$f":"(1+AK15)","v":1.0725748525000001},0,{"$f":"(1+AM15)","v":1.0725748525000001},{"$f":"(1+AN15)","v":1.0725748525000001},{"$f":"(1+AO15)","v":1.0725748525000001},{"$f":"(1+AP15)","v":1.0725748525000001},0,{"$f":"(1+AR15)","v":1.0725748525000001},{"$f":"(1+AS15)","v":1.0725748525000001},{"$f":"(1+AT15)","v":1.0725748525000001},{"$f":"(1+AU15)","v":1.0725748525000001},0,{"$f":"(1+AW15)","v":1.0725748525000001},{"$f":"(1+AX15)","v":1.0725748525000001},null,{"$f":"(1+AZ15)","v":1}]
[null,null,null,null,"One year uplift factor",null,"scalar","UFt5",1,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"$I21","v":1},{"$f":"$I21","v":1},{"$f":"$I21","v":1},1,1,{"$f":"$I21","v":1},{"$f":"$I21","v":1},{"$f":"$I21","v":1},1,1,{"$f":"$I21","v":1},{"$f":"$I21","v":1},{"$f":"$I21","v":1},1,1,{"$f":"$I21","v":1},{"$f":"$I21","v":1},{"$f":"$I21","v":1},1,1,{"$f":"$I21","v":1},{"$f":"$I21","v":1},{"$f":"$I21","v":1},1,1,{"$f":"$I21","v":1},{"$f":"$I21","v":1},{"$f":"$I21","v":1},null,1]
[]
[null,null,null,"Revenues and WPA's"]
[]
[null,null,null,null,{"$f":"Input!E24","v":"Gross congestion revenues (net of market-related costs)"},null,"£m nominal","NARt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W24","v":88.761160005919194},{"$f":"Input!X24","v":91.166587442079589},{"$f":"Input!Y24","v":93.637201961759928},{"$f":"Input!Z24","v":96.174770134923619},{"$f":"Input!AA24","v":98.781106405580033},{"$f":"Input!AB24","v":101.45807438917124},{"$f":"Input!AC24","v":104.20758820511777},{"$f":"Input!AD24","v":107.03161384547646},{"$f":"Input!AE24","v":109.93217058068886},{"$f":"Input!AF24","v":112.91133240342552},{"$f":"Input!AG24","v":115.97122951155835},{"$f":"Input!AH24","v":119.11404983132157},{"$f":"Input!AI24","v":122.34204058175038},{"$f":"Input!AJ24","v":125.65750988151581},{"$f":"Input!AK24","v":129.06282839930486},{"$f":"Input!AL24","v":132.56043104892601},{"$f":"Input!AM24","v":136.1528187303519},{"$f":"Input!AN24","v":139.84256011794443},{"$f":"Input!AO24","v":143.63229349714069},{"$f":"Input!AP24","v":147.5247286509132},{"$f":"Input!AQ24","v":151.52264879735296},{"$f":"Input!AR24","v":155.62891257976119},{"$f":"Input!AS24","v":159.84645611067273},{"$f":"Input!AT24","v":164.17829507127192},{"$f":"Input!AU24","v":168.62752686770338}]
[null,null,null,null,"Notional Floor (pre-availability incentive)",null,"£m nominal","NFLt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Availability!W11*W12/$I$12","v":63.9498652241912},{"$f":"Availability!X11*X12/$I$12","v":65.682906571766765},{"$f":"Availability!Y11*Y12/$I$12","v":67.462913339861643},{"$f":"Availability!Z11*Z12/$I$12","v":69.291158291371886},{"$f":"Availability!AA11*AA12/$I$12","v":71.168948681068059},{"$f":"Availability!AB11*AB12/$I$12","v":73.097627190324985},{"$f":"Availability!AC11*AC12/$I$12","v":75.078572887182787},{"$f":"Availability!AD11*AD12/$I$12","v":77.113202212425435},{"$f":"Availability!AE11*AE12/$I$12","v":79.202969992382165},{"$f":"Availability!AF11*AF12/$I$12","v":81.349370479175704},{"$f":"Availability!AG11*AG12/$I$12","v":83.553938419161369},{"$f":"Availability!AH11*AH12/$I$12","v":85.818250150320637},{"$f":"Availability!AI11*AI12/$I$12","v":88.143924729394328},{"$f":"Availability!AJ11*AJ12/$I$12","v":90.532625089560895},{"$f":"Availability!AK11*AK12/$I$12","v":92.986059229487992},{"$f":"Availability!AL11*AL12/$I$12","v":95.505981434607108},{"$f":"Availability!AM11*AM12/$I$12","v":98.094193531484947},{"$f":"Availability!AN11*AN12/$I$12","v":100.75254617618818},{"$f":"Availability!AO11*AO12/$I$12","v":103.48294017756287},{"$f":"Availability!AP11*AP12/$I$12","v":106.28732785637482},{"$f":"Availability!AQ11*AQ12/$I$12","v":109.16771444128256},{"$f":"Availability!AR11*AR12/$I$12","v":112.12615950264131},{"$f":"Availability!AS11*AS12/$I$12","v":115.16477842516289},{"$f":"Availability!AT11*AT12/$I$12","v":118.28574392048479},{"$f":"Availability!AU11*AU12/$I$12","v":121.49128758072992}]
[null,null,null,null,"Floor (post availability incentive)",null,"£m nominal","FLt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Availability!W17*W12/$I$12","v":63.9498652241912},{"$f":"Availability!X17*X12/$I$12","v":65.682906571766765},{"$f":"Availability!Y17*Y12/$I$12","v":67.462913339861643},{"$f":"Availability!Z17*Z12/$I$12","v":69.291158291371886},{"$f":"Availability!AA17*AA12/$I$12","v":71.168948681068059},{"$f":"Availability!AB17*AB12/$I$12","v":73.097627190324985},{"$f":"Availability!AC17*AC12/$I$12","v":75.078572887182787},{"$f":"Availability!AD17*AD12/$I$12","v":77.113202212425435},{"$f":"Availability!AE17*AE12/$I$12","v":79.202969992382165},{"$f":"Availability!AF17*AF12/$I$12","v":81.349370479175704},{"$f":"Availability!AG17*AG12/$I$12","v":83.553938419161369},{"$f":"Availability!AH17*AH12/$I$12","v":85.818250150320637},{"$f":"Availability!AI17*AI12/$I$12","v":88.143924729394328},{"$f":"Availability!AJ17*AJ12/$I$12","v":90.532625089560895},{"$f":"Availability!AK17*AK12/$I$12","v":92.986059229487992},{"$f":"Availability!AL17*AL12/$I$12","v":95.505981434607108},{"$f":"Availability!AM17*AM12/$I$12","v":98.094193531484947},{"$f":"Availability!AN17*AN12/$I$12","v":100.75254617618818},{"$f":"Availability!AO17*AO12/$I$12","v":103.48294017756287},{"$f":"Availability!AP17*AP12/$I$12","v":106.28732785637482},{"$f":"Availability!AQ17*AQ12/$I$12","v":109.16771444128256},{"$f":"Availability!AR17*AR12/$I$12","v":112.12615950264131},{"$f":"Availability!AS17*AS12/$I$12","v":115.16477842516289},{"$f":"Availability!AT17*AT12/$I$12","v":118.28574392048479},{"$f":"Availability!AU17*AU12/$I$12","v":121.49128758072992},{"$f":"Availability!AV17*AV12/$I$12","v":0},{"$f":"Availability!AW17*AW12/$I$12","v":0},{"$f":"Availability!AX17*AX12/$I$12","v":0}]
[]
[null,null,null,null,"Notional Surplus Assessed Revenue",null,"£m nominal","NSARt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W27=0,W25-W26,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Surplus Assessed Revenue",null,"£m nominal","SARt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W29>0,W29,0)","v":0},{"$f":"IF(X29>0,X29,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,{"$f":"Availability!E16","v":"Cap (post-availability incentive)"},null,"£m nominal","CLt",null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"Availability!W16*W12/$I$12","v":115.84390388340015},{"$f":"Availability!X16*X12/$I$12","v":118.98327367864026},{"$f":"Availability!Y16*Y12/$I$12","v":122.20772039533139},{"$f":"Availability!Z16*Z12/$I$12","v":125.51954961804486},{"$f":"Availability!AA16*AA12/$I$12","v":128.92112941269386},{"$f":"Availability!AB16*AB12/$I$12","v":132.41489201977785},{"$f":"Availability!AC16*AC12/$I$12","v":136.00333559351384},{"$f":"Availability!AD16*AD12/$I$12","v":139.68902598809805},{"$f":"Availability!AE16*AE12/$I$12","v":143.47459859237549},{"$f":"Availability!AF16*AF12/$I$12","v":147.36276021422884},{"$f":"Availability!AG16*AG12/$I$12","v":151.35629101603445},{"$f":"Availability!AH16*AH12/$I$12","v":155.45804650256898},{"$f":"Availability!AI16*AI12/$I$12","v":159.67095956278857},{"$f":"Availability!AJ16*AJ12/$I$12","v":163.99804256694011},{"$f":"Availability!AK16*AK12/$I$12","v":168.44238952050421},{"$f":"Availability!AL16*AL12/$I$12","v":173.00717827650985},{"$f":"Availability!AM16*AM12/$I$12","v":177.69567280780325},{"$f":"Availability!AN16*AN12/$I$12","v":182.51122554089469},{"$f":"Availability!AO16*AO12/$I$12","v":187.45727975305294},{"$f":"Availability!AP16*AP12/$I$12","v":192.53737203436063},{"$f":"Availability!AQ16*AQ12/$I$12","v":197.75513481649179},{"$f":"Availability!AR16*AR12/$I$12","v":203.11429897001872},{"$f":"Availability!AS16*AS12/$I$12","v":208.61869647210619},{"$f":"Availability!AT16*AT12/$I$12","v":214.27226314650025},{"$f":"Availability!AU16*AU12/$I$12","v":220.0790414777704}]
[null,null,null,null,"Revenue assessed for cap",null,"£m nominal",{"$f":"H25","v":"NARt"},null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"W25","v":88.761160005919194},91.166587442079589,93.637201961759928,96.174770134923619,98.781106405580033,101.45807438917124,104.20758820511777,107.03161384547646,109.93217058068886,112.91133240342552,115.97122951155835,119.11404983132157,122.34204058175038,125.65750988151581,129.06282839930486,132.56043104892601,136.1528187303519,139.84256011794443,143.63229349714069,147.5247286509132,151.52264879735296,155.62891257976119,159.84645611067273,164.17829507127192,168.62752686770338]
[null,null,null,null,{"$f":"Availability!E17","v":"Floor (post-availability incentive)"},null,"£m nominal","FLt",null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"W27","v":63.9498652241912},{"$f":"X27","v":65.682906571766765},67.462913339861643,69.291158291371886,71.168948681068059,73.097627190324985,75.078572887182787,77.113202212425435,79.202969992382165,81.349370479175704,83.553938419161369,85.818250150320637,88.143924729394328,90.532625089560895,92.986059229487992,95.505981434607108,98.094193531484947,100.75254617618818,103.48294017756287,106.28732785637482,109.16771444128256,112.12615950264131,115.16477842516289,118.28574392048479,121.49128758072992,0,0,0]
[null,null,null,null,"Revenue assessed for floor",null,"£m nominal","Choice of SARt or NARt",null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"IF(W27=0,W30,W25)","v":88.761160005919194},91.166587442079589,93.637201961759928,96.174770134923619,98.781106405580033,101.45807438917124,104.20758820511777,107.03161384547646,109.93217058068886,112.91133240342552,115.97122951155835,119.11404983132157,122.34204058175038,125.65750988151581,129.06282839930486,132.56043104892601,136.1528187303519,139.84256011794443,143.63229349714069,147.5247286509132,151.52264879735296,155.62891257976119,159.84645611067273,164.17829507127192,168.62752686770338,0,0,0]
[null,null,null,null,"Within-period adjustment (assessed)",null,"£m nominal","WPAt",null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"Input!W25","v":0},{"$f":"Input!X25","v":0},{"$f":"Input!Y25","v":0},{"$f":"Input!Z25","v":0},{"$f":"Input!AA25","v":0},{"$f":"Input!AB25","v":0},{"$f":"Input!AC25","v":0},{"$f":"Input!AD25","v":0},{"$f":"Input!AE25","v":0},{"$f":"Input!AF25","v":0},{"$f":"Input!AG25","v":0},{"$f":"Input!AH25","v":0},{"$f":"Input!AI25","v":0},{"$f":"Input!AJ25","v":0},{"$f":"Input!AK25","v":0},{"$f":"Input!AL25","v":0},{"$f":"Input!AM25","v":0},{"$f":"Input!AN25","v":0},{"$f":"Input!AO25","v":0},{"$f":"Input!AP25","v":0},{"$f":"Input!AQ25","v":0},{"$f":"Input!AR25","v":0},{"$f":"Input!AS25","v":0},{"$f":"Input!AT25","v":0},{"$f":"Input!AU25","v":0}]
[]
[null,null,null,"NPV"]
[]
[null,null,null,null,{"$f":"E32 &\" NPV\"","v":"Cap (post-availability incentive) NPV"},null,"£m nominal","CLNap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(S32:W32,W$17:W$21)","v":115.84390388340015},{"$f":"MMULT(T32:X32,X$17:X$21)","v":243.23453179940236},383.09496246298193,536.41757247527084,704.26912808876557,132.41489201977785,278.02821887043046,437.89510183388779,613.1498728523303,{"$f":"MMULT(AB32:AF32,AF$17:AF$21)","v":805.01189464921072},151.35629101603445,317.79899801403917,500.53417298234444,700.85840932468773,920.16549452531581,173.00717827650985,363.258821529172,572.13350246187019,801.11328676640187,1051.7913374236243,197.75513481649179,415.221483526935,653.97481792083977,915.70920701665932,1202.2457091265558]
[null,null,null,null,{"$f":"E33 &\" NPV\"","v":"Revenue assessed for cap NPV"},null,"£m nominal","ARNap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(S33:W33,W$17:W$21)","v":88.761160005919194},{"$f":"MMULT(T33:X33,X$17:X$21)","v":186.36957554315728},293.53252196044946,411.01037158060575,539.62049507961842,101.45807438917124,213.02896737801717,335.52112710918055,469.80369400045197,{"$f":"MMULT(AB33:AF33,AF$17:AF$21)","v":616.81096019991548},115.97122951155835,243.50187421892491,383.51602740558735,537.00715640744966,705.04319997446964,132.56043104892601,278.33380350999016,438.37639836343612,613.82379431128447,805.89669429532944,151.52264879735296,318.14829526399137,501.08431697657477,701.62873244248487,921.17686107696363]
[null,null,null,null,{"$f":"E34 &\" NPV\"","v":"Floor (post-availability incentive) NPV"},null,"£m nominal","FLNap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(S34:W34,W$17:W$21)","v":63.9498652241912},{"$f":"MMULT(T34:X34,X$17:X$21)","v":134.27392383199853},211.48174738856369,296.12116230310289,388.78106066044722,73.097627190324985,153.48124958894562,241.73333085180445,338.4800616750901,{"$f":"MMULT(AB34:AF34,AF$17:AF$21)","v":444.39457270452641},83.553938419161369,175.43610332604675,276.31227737750368,386.89822524167602,507.96336610059041,95.505981434607108,200.5315074815764,315.83759823484263,442.24240551825352,580.62541072436079,109.16771444128256,229.21670471726208,361.01685167781636,505.50334035883304,663.68145830436265]
[null,null,null,null,{"$f":"E35 &\" NPV\"","v":"Revenue assessed for floor NPV"},null,"£m nominal","ARNap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(S35:W35,W$17:W$21)","v":88.761160005919194},{"$f":"MMULT(T35:X35,X$17:X$21)","v":186.36957554315728},293.53252196044946,411.01037158060575,539.62049507961842,101.45807438917124,213.02896737801717,335.52112710918055,469.80369400045197,{"$f":"MMULT(AB35:AF35,AF$17:AF$21)","v":616.81096019991548},115.97122951155835,243.50187421892491,383.51602740558735,537.00715640744966,705.04319997446964,132.56043104892601,278.33380350999016,438.37639836343612,613.82379431128447,805.89669429532944,151.52264879735296,318.14829526399137,501.08431697657477,701.62873244248487,921.17686107696363]
[null,null,null,null,"NPV within-period adjustments (assessed)",null,"£m nominal","WPANap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(S36:W36,W$17:W$21)","v":0},{"$f":"MMULT(T36:X36,X$17:X$21)","v":0},0,0,0,0,0,0,0,{"$f":"MMULT(AB36:AF36,AF$17:AF$21)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["`"]
[null,null,"Assessment"]
[]
[null,null,null,"Assessed adjustment"]
[]
[null,null,null,null,{"$f":"Input!E90","v":"Assessment period length"},null,{"$f":"Input!G90","v":"full years"},null,{"$f":"Input!I90","v":5}]
[null,null,null,null,"Assessment year flag",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(MOD(W3,$I50)=0,W3>=$I50)","v":false},false,false,false,true,false,false,false,false,true,false,false,false,false,true,false,false,false,false,true,false,false,false,false,true,false,false,false]
[]
[null,null,null,null,"Relevant Revenue at Cap",null,"£m nominal","RRACap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W41-W40","v":-27.082743877480951},{"$f":"X41-X40","v":-56.86495625624508},-89.562440502532468,-125.4072008946651,-164.64863300914715,-30.956817630606608,-64.999251492413293,-102.37397472470724,-143.34617885187834,{"$f":"AF41-AF40","v":-188.20093444929523},-35.385061504476099,-74.29712379511426,-117.01814557675709,-163.85125291723807,-215.12229455084616,-40.446747227583842,-84.925018019181834,-133.75710409843407,-187.2894924551174,-245.89464312829489,-46.232486019138832,-97.073188262943631,-152.890500944265,-214.08047457417445,-281.06884804959213,0,0,0]
[null,null,null,null,"Revenue Excess at Cap",null,"£m nominal","RECap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W53>0,W53,0)","v":0},{"$f":"IF(X53>0,X53,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Relevant Revenue at Floor",null,"£m nominal","RRAFap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W42-W43","v":-24.811294781727995},{"$f":"X42-X43","v":-52.095651711158752},-82.050774571885768,-114.88920927750286,-150.8394344191712,-28.360447198846259,-59.547717789071555,-93.787796257376101,-131.32363232536187,-172.41638749538907,-32.417291092396979,-68.065770892878163,-107.20375002808368,-150.10893116577364,-197.07983387387924,-37.054449614318898,-77.802296028413764,-122.53880012859349,-171.58138879303095,-225.27128357096865,-42.354934356070402,-88.931590546729296,-140.06746529875841,-196.12539208365183,-257.49540277260098,0,0,0]
[null,null,null,null,"Revenue Shortfall at Floor",null,"£m nominal","RSFap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(W56>0,W56,0)","v":0},{"$f":"IF(X56>0,X56,0)","v":0},0,0,0,0,{"$f":"IF(AC56>0,AC56,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"NPV within-period adjustments (assessed)",null,"£m nominal",{"$f":"H44","v":"WPANap"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W44","v":0},{"$f":"X44","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"End of Period Cap and Floor Revenue Adjustment - Unadjusted for End of Period",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(ABS(W54)>0,-W54-W59,IF(ABS(W57)>0,W57-W59,IF(AND(W54=0,W57=0,ABS(W59)>0),-W59,0)))","v":0},{"$f":"IF(ABS(X54)>0,-X54-X59,IF(ABS(X57)>0,X57-X59,IF(AND(X54=0,X57=0,ABS(X59)>0),-X59,0)))","v":0},0,0,{"$f":"IF(ABS(AA54)>0,-AA54-AA59,IF(ABS(AA57)>0,AA57-AA59,IF(AND(AA54=0,AA57=0,ABS(AA59)>0),-AA59,0)))","v":0},0,0,0,0,{"$f":"IF(ABS(AF54)>0,-AF54-AF59,IF(ABS(AF57)>0,AF57-AF59,IF(AND(AF54=0,AF57=0,ABS(AF59)>0),-AF59,0)))","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(ABS(AU54)>0,-AU54-AU59,IF(ABS(AU57)>0,AU57-AU59,IF(AND(AU54=0,AU57=0,ABS(AU59)>0),-AU59,0)))","v":0},{"$f":"IF(ABS(AV54)>0,-AV54-AV59,IF(ABS(AV57)>0,AV57-AV59,IF(AND(AV54=0,AV57=0,ABS(AV59)>0),-AV59,0)))","v":0},{"$f":"IF(ABS(AW54)>0,-AW54-AW59,IF(ABS(AW57)>0,AW57-AW59,IF(AND(AW54=0,AW57=0,ABS(AW59)>0),-AW59,0)))","v":0},0]
[]
[null,null,null,null,"End of Period Cap and Floor Revenue Adjustment",null,"£m nominal","CFAap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W61*W51","v":0},{"$f":"X61*X51","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,"Revenue adjustment for changes from cost base case"]
[]
[null,null,null,null,"RPI index",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V12/$I12","v":1.1740223786864492},{"$f":"W12/$I12","v":1.2058383851488519},{"$f":"X12/$I12","v":1.2385166053863856},1.2720804053923565,1.3065537843784891,1.3419613919351463,1.3783285456565884,1.4156812492438819,1.4540462110983909,1.4934508634191572,1.5339233818178162,1.5754927054650789,1.6181885577831825,1.6620414676991067,1.7070827914737523,1.753344735122691,1.8008603774445155,1.8496636936732618,1.899789579771807,1.9512738773836229,2.0041533994607188,2.0584659565861041,2.1142503840095874,2.1715465694162472,2.2303954814474274,2.2908391989946524,2.3529209412874073,2.4166850987962958,2.4821772649736751]
[]
[null,null,null,null,{"$f":"Input!E18","v":"Non-controllable opex (actual)"},null,"£m nominal","ONCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!W18*W68","v":0},{"$f":"Input!X18*X68","v":0},{"$f":"Input!Y18*Y68","v":0},{"$f":"Input!Z18*Z68","v":0},{"$f":"Input!AA18*AA68","v":0},{"$f":"Input!AB18*AB68","v":0},{"$f":"Input!AC18*AC68","v":0},{"$f":"Input!AD18*AD68","v":0},{"$f":"Input!AE18*AE68","v":0},{"$f":"Input!AF18*AF68","v":0},{"$f":"Input!AG18*AG68","v":0},{"$f":"Input!AH18*AH68","v":0},{"$f":"Input!AI18*AI68","v":0},{"$f":"Input!AJ18*AJ68","v":0},{"$f":"Input!AK18*AK68","v":0},{"$f":"Input!AL18*AL68","v":0},{"$f":"Input!AM18*AM68","v":0},{"$f":"Input!AN18*AN68","v":0},{"$f":"Input!AO18*AO68","v":0},{"$f":"Input!AP18*AP68","v":0},{"$f":"Input!AQ18*AQ68","v":0},{"$f":"Input!AR18*AR68","v":0},{"$f":"Input!AS18*AS68","v":0},{"$f":"Input!AT18*AT68","v":0},{"$f":"Input!AU18*AU68","v":0},{"$f":"Input!AV18*AV68","v":0},{"$f":"Input!AW18*AW68","v":0},{"$f":"Input!AX18*AX68","v":0}]
[null,null,null,null,"Less non-controllable opex (baseline)",null,"£m nominal","BNCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-Input!W32*W68","v":0},{"$f":"-Input!X32*X68","v":0},{"$f":"-Input!Y32*Y68","v":0},{"$f":"-Input!Z32*Z68","v":0},{"$f":"-Input!AA32*AA68","v":0},{"$f":"-Input!AB32*AB68","v":0},{"$f":"-Input!AC32*AC68","v":0},{"$f":"-Input!AD32*AD68","v":0},{"$f":"-Input!AE32*AE68","v":0},{"$f":"-Input!AF32*AF68","v":0},{"$f":"-Input!AG32*AG68","v":0},{"$f":"-Input!AH32*AH68","v":0},{"$f":"-Input!AI32*AI68","v":0},{"$f":"-Input!AJ32*AJ68","v":0},{"$f":"-Input!AK32*AK68","v":0},{"$f":"-Input!AL32*AL68","v":0},{"$f":"-Input!AM32*AM68","v":0},{"$f":"-Input!AN32*AN68","v":0},{"$f":"-Input!AO32*AO68","v":0},{"$f":"-Input!AP32*AP68","v":0},{"$f":"-Input!AQ32*AQ68","v":0},{"$f":"-Input!AR32*AR68","v":0},{"$f":"-Input!AS32*AS68","v":0},{"$f":"-Input!AT32*AT68","v":0},{"$f":"-Input!AU32*AU68","v":0},{"$f":"-Input!AV32*AV68","v":0},{"$f":"-Input!AW32*AW68","v":0},{"$f":"-Input!AX32*AX68","v":0}]
[null,null,null,null,"Non-controllable costs (changes from baseline estimate)",null,"£m nominal","DNCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(W70:W71)","v":0},{"$f":"SUM(X70:X71)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"SUM(AU70:AU71)","v":0},0,0,0]
[]
[]
[]
[null,null,null,null,"Total changes from baseline estimates",null,"£m nominal","NCOCt",null,null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":" + W72","v":0},0,{"$f":" + Y72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Pass through revenue adjustment (assessed) - Unadjusted for End of Period",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(S76:W76,W$17:W$21)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"End of Period Pass through revenue adjustment (assessed)",null,"£m nominal","PTAap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"W77*W51","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,"End of sheet"]

{"sheet":"Output","index":11,"n_rows":21,"n_cols":50,"rows_kept":21,"cut":false,"hidden":false,"merged":[]}
["Output",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},{"$f":"L3 + 1","v":-9},{"$f":"M3 + 1","v":-8},{"$f":"N3 + 1","v":-7},{"$f":"O3 + 1","v":-6},{"$f":"P3 + 1","v":-5},{"$f":"Q3 + 1","v":-4},{"$f":"R3 + 1","v":-3},{"$f":"S3 + 1","v":-2},{"$f":"T3 + 1","v":-1},{"$f":"U3 + 1","v":0},{"$f":"V3 + 1","v":1},{"$f":"W3 + 1","v":2},{"$f":"X3 + 1","v":3},{"$f":"Y3 + 1","v":4},{"$f":"Z3 + 1","v":5},{"$f":"AA3 + 1","v":6},{"$f":"AB3 + 1","v":7},{"$f":"AC3 + 1","v":8},{"$f":"AD3 + 1","v":9},{"$f":"AE3 + 1","v":10},{"$f":"AF3 + 1","v":11},{"$f":"AG3 + 1","v":12},{"$f":"AH3 + 1","v":13},{"$f":"AI3 + 1","v":14},{"$f":"AJ3 + 1","v":15},{"$f":"AK3 + 1","v":16},{"$f":"AL3 + 1","v":17},{"$f":"AM3 + 1","v":18},{"$f":"AN3 + 1","v":19},{"$f":"AO3 + 1","v":20},{"$f":"AP3 + 1","v":21},{"$f":"AQ3 + 1","v":22},{"$f":"AR3 + 1","v":23},{"$f":"AS3 + 1","v":24},{"$f":"AT3 + 1","v":25},{"$f":"AU3 + 1","v":26},{"$f":"AV3 + 1","v":27},{"$f":"AW3 + 1","v":28}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},{"$f":"DATE(YEAR(L4) + 1, MONTH(L4), DAY(L4))","v":"2012-12-31"},{"$f":"DATE(YEAR(M4) + 1, MONTH(M4), DAY(M4))","v":"2013-12-31"},{"$f":"DATE(YEAR(N4) + 1, MONTH(N4), DAY(N4))","v":"2014-12-31"},{"$f":"DATE(YEAR(O4) + 1, MONTH(O4), DAY(O4))","v":"2015-12-31"},{"$f":"DATE(YEAR(P4) + 1, MONTH(P4), DAY(P4))","v":"2016-12-31"},{"$f":"DATE(YEAR(Q4) + 1, MONTH(Q4), DAY(Q4))","v":"2017-12-31"},{"$f":"DATE(YEAR(R4) + 1, MONTH(R4), DAY(R4))","v":"2018-12-31"},{"$f":"DATE(YEAR(S4) + 1, MONTH(S4), DAY(S4))","v":"2019-12-31"},{"$f":"DATE(YEAR(T4) + 1, MONTH(T4), DAY(T4))","v":"2020-12-31"},{"$f":"DATE(YEAR(U4) + 1, MONTH(U4), DAY(U4))","v":"2021-12-31"},{"$f":"DATE(YEAR(V4) + 1, MONTH(V4), DAY(V4))","v":"2022-12-31"},{"$f":"DATE(YEAR(W4) + 1, MONTH(W4), DAY(W4))","v":"2023-12-31"},{"$f":"DATE(YEAR(X4) + 1, MONTH(X4), DAY(X4))","v":"2024-12-31"},{"$f":"DATE(YEAR(Y4) + 1, MONTH(Y4), DAY(Y4))","v":"2025-12-31"},{"$f":"DATE(YEAR(Z4) + 1, MONTH(Z4), DAY(Z4))","v":"2026-12-31"},{"$f":"DATE(YEAR(AA4) + 1, MONTH(AA4), DAY(AA4))","v":"2027-12-31"},{"$f":"DATE(YEAR(AB4) + 1, MONTH(AB4), DAY(AB4))","v":"2028-12-31"},{"$f":"DATE(YEAR(AC4) + 1, MONTH(AC4), DAY(AC4))","v":"2029-12-31"},{"$f":"DATE(YEAR(AD4) + 1, MONTH(AD4), DAY(AD4))","v":"2030-12-31"},{"$f":"DATE(YEAR(AE4) + 1, MONTH(AE4), DAY(AE4))","v":"2031-12-31"},{"$f":"DATE(YEAR(AF4) + 1, MONTH(AF4), DAY(AF4))","v":"2032-12-31"},{"$f":"DATE(YEAR(AG4) + 1, MONTH(AG4), DAY(AG4))","v":"2033-12-31"},{"$f":"DATE(YEAR(AH4) + 1, MONTH(AH4), DAY(AH4))","v":"2034-12-31"},{"$f":"DATE(YEAR(AI4) + 1, MONTH(AI4), DAY(AI4))","v":"2035-12-31"},{"$f":"DATE(YEAR(AJ4) + 1, MONTH(AJ4), DAY(AJ4))","v":"2036-12-31"},{"$f":"DATE(YEAR(AK4) + 1, MONTH(AK4), DAY(AK4))","v":"2037-12-31"},{"$f":"DATE(YEAR(AL4) + 1, MONTH(AL4), DAY(AL4))","v":"2038-12-31"},{"$f":"DATE(YEAR(AM4) + 1, MONTH(AM4), DAY(AM4))","v":"2039-12-31"},{"$f":"DATE(YEAR(AN4) + 1, MONTH(AN4), DAY(AN4))","v":"2040-12-31"},{"$f":"DATE(YEAR(AO4) + 1, MONTH(AO4), DAY(AO4))","v":"2041-12-31"},{"$f":"DATE(YEAR(AP4) + 1, MONTH(AP4), DAY(AP4))","v":"2042-12-31"},{"$f":"DATE(YEAR(AQ4) + 1, MONTH(AQ4), DAY(AQ4))","v":"2043-12-31"},{"$f":"DATE(YEAR(AR4) + 1, MONTH(AR4), DAY(AR4))","v":"2044-12-31"},{"$f":"DATE(YEAR(AS4) + 1, MONTH(AS4), DAY(AS4))","v":"2045-12-31"},{"$f":"DATE(YEAR(AT4) + 1, MONTH(AT4), DAY(AT4))","v":"2046-12-31"},{"$f":"DATE(YEAR(AU4) + 1, MONTH(AU4), DAY(AU4))","v":"2047-12-31"},{"$f":"DATE(YEAR(AV4) + 1, MONTH(AV4), DAY(AV4))","v":"2048-12-31"},{"$f":"DATE(YEAR(AW4) + 1, MONTH(AW4), DAY(AW4))","v":"2049-12-31"}]
[]
[null,"Model outputs"]
[]
[null,null,"Cap and floor levels"]
[]
[null,null,null,null,"Cap",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Availability!W16*Assessment!W12/Assessment!$I12","v":115.84390388340015},{"$f":"Availability!X16*Assessment!X12/Assessment!$I12","v":118.98327367864026},{"$f":"Availability!Y16*Assessment!Y12/Assessment!$I12","v":122.20772039533139},{"$f":"Availability!Z16*Assessment!Z12/Assessment!$I12","v":125.51954961804486},{"$f":"Availability!AA16*Assessment!AA12/Assessment!$I12","v":128.92112941269386},{"$f":"Availability!AB16*Assessment!AB12/Assessment!$I12","v":132.41489201977785},{"$f":"Availability!AC16*Assessment!AC12/Assessment!$I12","v":136.00333559351384},{"$f":"Availability!AD16*Assessment!AD12/Assessment!$I12","v":139.68902598809805},{"$f":"Availability!AE16*Assessment!AE12/Assessment!$I12","v":143.47459859237549},{"$f":"Availability!AF16*Assessment!AF12/Assessment!$I12","v":147.36276021422884},{"$f":"Availability!AG16*Assessment!AG12/Assessment!$I12","v":151.35629101603445},{"$f":"Availability!AH16*Assessment!AH12/Assessment!$I12","v":155.45804650256898},{"$f":"Availability!AI16*Assessment!AI12/Assessment!$I12","v":159.67095956278857},{"$f":"Availability!AJ16*Assessment!AJ12/Assessment!$I12","v":163.99804256694011},{"$f":"Availability!AK16*Assessment!AK12/Assessment!$I12","v":168.44238952050421},{"$f":"Availability!AL16*Assessment!AL12/Assessment!$I12","v":173.00717827650985},{"$f":"Availability!AM16*Assessment!AM12/Assessment!$I12","v":177.69567280780325},{"$f":"Availability!AN16*Assessment!AN12/Assessment!$I12","v":182.51122554089469},{"$f":"Availability!AO16*Assessment!AO12/Assessment!$I12","v":187.45727975305294},{"$f":"Availability!AP16*Assessment!AP12/Assessment!$I12","v":192.53737203436063},{"$f":"Availability!AQ16*Assessment!AQ12/Assessment!$I12","v":197.75513481649179},{"$f":"Availability!AR16*Assessment!AR12/Assessment!$I12","v":203.11429897001872},{"$f":"Availability!AS16*Assessment!AS12/Assessment!$I12","v":208.61869647210619},{"$f":"Availability!AT16*Assessment!AT12/Assessment!$I12","v":214.27226314650025},{"$f":"Availability!AU16*Assessment!AU12/Assessment!$I12","v":220.0790414777704},{"$f":"Availability!AV16*Assessment!AV12/Assessment!$I12","v":0},{"$f":"Availability!AW16*Assessment!AW12/Assessment!$I12","v":0},{"$f":"Availability!AX16*Assessment!AX12/Assessment!$I12","v":0}]
[null,null,null,null,"Floor",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Availability!W17*Assessment!W12/Assessment!$I12","v":63.9498652241912},{"$f":"Availability!X17*Assessment!X12/Assessment!$I12","v":65.682906571766765},{"$f":"Availability!Y17*Assessment!Y12/Assessment!$I12","v":67.462913339861643},{"$f":"Availability!Z17*Assessment!Z12/Assessment!$I12","v":69.291158291371886},{"$f":"Availability!AA17*Assessment!AA12/Assessment!$I12","v":71.168948681068059},{"$f":"Availability!AB17*Assessment!AB12/Assessment!$I12","v":73.097627190324985},{"$f":"Availability!AC17*Assessment!AC12/Assessment!$I12","v":75.078572887182787},{"$f":"Availability!AD17*Assessment!AD12/Assessment!$I12","v":77.113202212425435},{"$f":"Availability!AE17*Assessment!AE12/Assessment!$I12","v":79.202969992382165},{"$f":"Availability!AF17*Assessment!AF12/Assessment!$I12","v":81.349370479175704},{"$f":"Availability!AG17*Assessment!AG12/Assessment!$I12","v":83.553938419161369},{"$f":"Availability!AH17*Assessment!AH12/Assessment!$I12","v":85.818250150320637},{"$f":"Availability!AI17*Assessment!AI12/Assessment!$I12","v":88.143924729394328},{"$f":"Availability!AJ17*Assessment!AJ12/Assessment!$I12","v":90.532625089560895},{"$f":"Availability!AK17*Assessment!AK12/Assessment!$I12","v":92.986059229487992},{"$f":"Availability!AL17*Assessment!AL12/Assessment!$I12","v":95.505981434607108},{"$f":"Availability!AM17*Assessment!AM12/Assessment!$I12","v":98.094193531484947},{"$f":"Availability!AN17*Assessment!AN12/Assessment!$I12","v":100.75254617618818},{"$f":"Availability!AO17*Assessment!AO12/Assessment!$I12","v":103.48294017756287},{"$f":"Availability!AP17*Assessment!AP12/Assessment!$I12","v":106.28732785637482},{"$f":"Availability!AQ17*Assessment!AQ12/Assessment!$I12","v":109.16771444128256},{"$f":"Availability!AR17*Assessment!AR12/Assessment!$I12","v":112.12615950264131},{"$f":"Availability!AS17*Assessment!AS12/Assessment!$I12","v":115.16477842516289},{"$f":"Availability!AT17*Assessment!AT12/Assessment!$I12","v":118.28574392048479},{"$f":"Availability!AU17*Assessment!AU12/Assessment!$I12","v":121.49128758072992},{"$f":"Availability!AV17*Assessment!AV12/Assessment!$I12","v":0},{"$f":"Availability!AW17*Assessment!AW12/Assessment!$I12","v":0},{"$f":"Availability!AX17*Assessment!AX12/Assessment!$I12","v":0}]
[]
[null,null,"Amounts due to or from Consumers - £m nominal"]
[]
[]
[]
[null,null,null,null,"Interconnector Cap and Floor Revenue Adjustment for Assessment Periods",null,"£m nominal","ICFap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment!W63+Assessment!W79","v":0},{"$f":"Assessment!X63+Assessment!X79","v":0},{"$f":"Assessment!Y63+Assessment!Y79","v":0},{"$f":"Assessment!Z63+Assessment!Z79","v":0},{"$f":"Assessment!AA63+Assessment!AA79","v":0},{"$f":"Assessment!AB63+Assessment!AB79","v":0},{"$f":"Assessment!AC63+Assessment!AC79","v":0},{"$f":"Assessment!AD63+Assessment!AD79","v":0},{"$f":"Assessment!AE63+Assessment!AE79","v":0},{"$f":"Assessment!AF63+Assessment!AF79","v":0},{"$f":"Assessment!AG63+Assessment!AG79","v":0},{"$f":"Assessment!AH63+Assessment!AH79","v":0},{"$f":"Assessment!AI63+Assessment!AI79","v":0},{"$f":"Assessment!AJ63+Assessment!AJ79","v":0},{"$f":"Assessment!AK63+Assessment!AK79","v":0},{"$f":"Assessment!AL63+Assessment!AL79","v":0},{"$f":"Assessment!AM63+Assessment!AM79","v":0},{"$f":"Assessment!AN63+Assessment!AN79","v":0},{"$f":"Assessment!AO63+Assessment!AO79","v":0},{"$f":"Assessment!AP63+Assessment!AP79","v":0},{"$f":"Assessment!AQ63+Assessment!AQ79","v":0},{"$f":"Assessment!AR63+Assessment!AR79","v":0},{"$f":"Assessment!AS63+Assessment!AS79","v":0},{"$f":"Assessment!AT63+Assessment!AT79","v":0},{"$f":"Assessment!AU63+Assessment!AU79","v":0},{"$f":"Assessment!AV63+Assessment!AV79","v":0},{"$f":"Assessment!AW63+Assessment!AW79","v":0},{"$f":"Assessment!AX63+Assessment!AX79","v":0}]
[]
[null,null,null,null,"Interconnector Cap and Floor Revenue Adjustment for Partial Assessment Periods",null,"£m nominal","ICFpap",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Assessment!W36","v":0},{"$f":"Assessment!X36","v":0},{"$f":"Assessment!Y36","v":0},{"$f":"Assessment!Z36","v":0},{"$f":"Assessment!AA36","v":0},{"$f":"Assessment!AB36","v":0},{"$f":"Assessment!AC36","v":0},{"$f":"Assessment!AD36","v":0},{"$f":"Assessment!AE36","v":0},{"$f":"Assessment!AF36","v":0},{"$f":"Assessment!AG36","v":0},{"$f":"Assessment!AH36","v":0},{"$f":"Assessment!AI36","v":0},{"$f":"Assessment!AJ36","v":0},{"$f":"Assessment!AK36","v":0},{"$f":"Assessment!AL36","v":0},{"$f":"Assessment!AM36","v":0},{"$f":"Assessment!AN36","v":0},{"$f":"Assessment!AO36","v":0},{"$f":"Assessment!AP36","v":0},{"$f":"Assessment!AQ36","v":0},{"$f":"Assessment!AR36","v":0},{"$f":"Assessment!AS36","v":0},{"$f":"Assessment!AT36","v":0},{"$f":"Assessment!AU36","v":0},{"$f":"Assessment!AV36","v":0},{"$f":"Assessment!AW36","v":0},{"$f":"Assessment!AX36","v":0}]
[]
[null,"End of sheet"]

{"sheet":"download from BoE","index":12,"n_rows":24,"n_cols":8,"rows_kept":24,"cut":false,"hidden":false,"merged":[]}
["SERIES","DESCRIPTION"]
["IUDMIZC","Yield from British Government Securities - 10 year Inflation Zero Coupon"]
[]
["DATE","IUDMIZC",null,"DATE","IUDMIZC",null,"DATE","IUDMIZC"]
["2015-02-26",2.7347000000000001,null,"2015-02-26",2.7347000000000001,null,"2015-01-29",2.4863]
["2015-02-27",2.7755999999999998,null,"2015-02-27",2.7755999999999998,null,"2015-01-30",2.4335]
["2015-03-02",2.7719,null,"2015-03-02",2.7719,null,"2015-02-02",2.4704000000000002]
["2015-03-03",2.766,null,"2015-03-03",2.766,null,"2015-02-03",2.5188000000000001]
["2015-03-04",2.7437999999999998,null,"2015-03-04",2.7437999999999998,null,"2015-02-04",2.5581]
["2015-03-05",2.7187000000000001,null,"2015-03-05",2.7187000000000001,null,"2015-02-05",2.5449999999999999]
["2015-03-06",2.7789999999999999,null,"2015-03-06",2.7789999999999999,null,"2015-02-06",2.5531999999999999]
["2015-03-09",2.7612000000000001,null,"2015-03-09",2.7612000000000001,null,"2015-02-09",2.5295999999999998]
["2015-03-10",2.7174999999999998,null,"2015-03-10",2.7174999999999998,null,"2015-02-10",2.5207000000000002]
["2015-03-11",2.7122000000000002,null,"2015-03-11",2.7122000000000002,null,"2015-02-11",2.5068000000000001]
["2015-03-12",2.6772999999999998,null,"2015-03-12",2.6772999999999998,null,"2015-02-12",2.5089999999999999]
["2015-03-13",2.6343999999999999,null,"2015-03-13",2.6343999999999999,null,"2015-02-13",2.5316999999999998]
["2015-03-16",2.6067,null,"2015-03-16",2.6067,null,"2015-02-16",2.5499000000000001]
["2015-03-17",2.6240000000000001,null,"2015-03-17",2.6240000000000001,null,"2015-02-17",2.6951000000000001]
["2015-03-18",2.6597,null,"2015-03-18",2.6597,null,"2015-02-18",2.7482000000000002]
["2015-03-19",2.6850999999999998,null,"2015-03-19",2.6850999999999998,null,"2015-02-19",2.7477]
["2015-03-20",2.7349999999999999,null,"2015-03-20",2.7349999999999999,null,"2015-02-20",2.7454000000000001]
["2015-03-23",2.7113,null,"2015-03-23",2.7113,null,"2015-02-23",2.7618]
["2015-03-24",2.6979000000000002,null,"2015-03-24",2.6979000000000002,null,"2015-02-24",2.7437999999999998]
["2015-03-25",2.6951999999999998,null,"2015-03-25",2.6951999999999998,null,"2015-02-25",2.7198000000000002]

{"sheet":"download from iBoxx","index":13,"n_rows":109,"n_cols":19,"rows_kept":109,"cut":false,"hidden":false,"merged":[[94,16,94,18],[63,16,63,18],[59,17,59,18],[60,17,60,18],[61,17,61,18],[92,16,92,18],[93,16,93,18],[88,17,88,18],[89,17,89,18],[90,17,90,18],[91,17,91,18],[62,17,62,18]]}
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
["DATE","FIXINGFLAG","Years to Maturity / Expected Remaining Life","Price Return Index Level","Total Return Index Level","Gross Price Index Level","Coupon Income Index Level","Redemption Income Index Level","Income Index Level","Market Value","Nominal Value","Base Market Value","Annual Yield in %","Annual Modified Duration","Index Asset Swap Margin",null,"Fixing ","EU_EOD","2015-04-20"]
["2015-03-25","EOD",17.78,134.58000000000001,389.79430000000002,121,1.23,0,1.23,46412531706.900002,36031274000,45482216797.099998,3.5,11.47,193.37,null,"Index ","iBoxx £ Non-Financials BBB 10+"]
["2015-03-24","EOD",17.79,134.18,388.64170000000001,120.79,1.0900000000000001,0,1.0900000000000001,46329437614.610001,36031274000,45482216797.099998,3.52,11.44,192.41,null,"ISIN TRi ","DE000A0JZAH1"]
["2015-03-23","EOD",17.79,134.30000000000001,388.93819999999999,120.88,1.0900000000000001,0,1.0900000000000001,46364868236.449997,36031274000,45482216797.099998,3.52,11.45,191.97,null,"Total Return Index Level  ",385.67]
["2015-03-20","EOD",17.8,134.22999999999999,388.58969999999999,120.86,1,0,1,46357479828.43,36031274000,45482216797.099998,3.52,11.45,193.44,null,"Price Index Level  ",132.69999999999999]
["2015-03-19","EOD",17.8,134.04,388.00220000000002,120.68,1,0,1,46287288940.050003,36031274000,45482216797.099998,3.53,11.44,192.66]
["2015-03-18","EOD",17.8,132.82,384.52760000000001,119.6,1,0,1,45872140549.099998,36031274000,45482216797.099998,3.61,11.4,191.16]
["2015-03-17","EOD",17.809999999999999,132.07,382.3587,118.92,1,0,1,45613002864.779999,36031274000,45482216797.099998,3.66,11.37,187.61]
["2015-03-16","EOD",17.809999999999999,132,382.11739999999998,118.85,1,0,1,45584174563.989998,36031274000,45482216797.099998,3.66,11.37,189.51]
["2015-03-13","EOD",17.82,131.57,380.75529999999998,118.51,0.91,0,0.91,45454428057.760002,36031274000,45482216797.099998,3.69,11.35,189.24]
["2015-03-12","EOD",17.82,131.38,380.18579999999997,118.33,0.91,0,0.91,45386385186.790001,36031274000,45482216797.099998,3.71,11.35,184.07]
["2015-03-11","EOD",17.82,130.5,377.63909999999998,117.54,0.91,0,0.91,45082113230.279999,36031274000,45482216797.099998,3.76,11.32,179.36]
["2015-03-10","EOD",17.829999999999998,130.51,377.63549999999998,117.53,0.91,0,0.91,45081673705.489998,36031274000,45482216797.099998,3.76,11.32,177.52]
["2015-03-09","EOD",17.829999999999998,129.09,373.58390000000003,116.27,0.91,0,0.91,44597601280.839996,36031274000,45482216797.099998,3.86,11.28,174.74]
["2015-03-06","EOD",17.84,128.97999999999999,373.13200000000001,116.13,0.91,0,0.91,44543609408.010002,36031274000,45482216797.099998,3.86,11.28,174.73]
["2015-03-05","EOD",17.84,130.12,376.31180000000001,117.12,0.91,0,0.91,44923526845.040001,36031274000,45482216797.099998,3.79,11.33,176.7]
["2015-03-04","EOD",17.84,129.88,375.56729999999999,116.89,0.91,0,0.91,44834572534.190002,36031274000,45482216797.099998,3.81,11.32,176.21]
["2015-03-03","EOD",17.850000000000001,130.4,377.00909999999999,117.34,0.91,0,0.91,45006837977.290001,36031274000,45482216797.099998,3.77,11.34,176.04]
["2015-03-02","EOD",17.850000000000001,131.5,380.0478,118.29,0.91,0,0.91,45369896313.040001,36031274000,45482216797.099998,3.7,11.39,178.22]
["2015-02-28","EOD",16.84,131.75,380.67090000000002,118.58,0.81,0,0.81,41991936297.110001,33831274000,43897388969.260002,3.77,11,187.21]
["2015-02-27","EOD",16.84,131.75,380.62389999999999,118.56,0.81,0,0.81,41986742021.660004,33831274000,43897388969.260002,3.77,11.01,187.24]
["2015-02-26","EOD",16.850000000000001,132.55000000000001,382.81549999999999,119.25,0.81,0,0.81,42228895303.489998,33831274000,43897388969.260002,3.72,11.04,186.36]
[]
[]
[]
[]
[]
[]
[]
["DATE","FIXINGFLAG","Years to Maturity / Expected Remaining Life","Price Return Index Level","Total Return Index Level","Gross Price Index Level","Coupon Income Index Level","Redemption Income Index Level","Income Index Level","Market Value","Nominal Value","Base Market Value","Annual Yield in %","Annual Modified Duration","Index Asset Swap Margin",null,"Fixing ","EU_EOD","2015-04-20"]
["2015-03-25","EOD",22.76,142.47,383.27260000000001,144.16999999999999,0.81,0,0.81,62139042269.870003,46881056000,60757357299.779999,3.37,13.04,180.12,null,"Index ","iBoxx £ Non-Financials A 10+"]
["2015-03-24","EOD",22.77,142.04,382.11360000000002,143.72999999999999,0.81,0,0.81,61950840645.540001,46881056000,60757357299.779999,3.39,13.02,178.74,null,"ISIN TRi ","DE000A0JY837"]
["2015-03-23","EOD",22.77,142.04,382.0616,143.71,0.81,0,0.81,61942399108.800003,46881056000,60757357299.779999,3.39,13.02,178.98,null,"Total Return Index Level  ",378.72]
["2015-03-20","EOD",22.78,142,381.839,143.63,0.81,0,0.81,61906259572.769997,46881056000,60757357299.779999,3.39,13.03,180.53,null,"Price Index Level  ",140.31]
["2015-03-19","EOD",22.78,141.82,381.31209999999999,143.43,0.81,0,0.81,61820695260.620003,46881056000,60757357299.779999,3.4,13.03,179.35]
["2015-03-18","EOD",22.78,140.36000000000001,377.42349999999999,141.97,0.81,0,0.81,61189281393.540001,46881056000,60757357299.779999,3.48,12.95,177.48]
["2015-03-17","EOD",22.78,139.46,375.01069999999999,141.06,0.81,0,0.81,60797481047.330002,46881056000,60757357299.779999,3.53,12.91,173.81]
["2015-03-16","EOD",22.79,139.4,374.80560000000003,140.97999999999999,0.81,0,0.81,60764178052.099998,46881056000,60757357299.779999,3.53,12.91,175.82]
["2015-03-13","EOD",22.8,138.91999999999999,373.42439999999999,140.46,0.81,0,0.81,60539911262.260002,46881056000,60757357299.779999,3.56,12.89,175.09]
["2015-03-12","EOD",22.8,138.79,373.03710000000001,140.38999999999999,0.74,0,0.74,60509833007.489998,46881056000,60757357299.779999,3.57,12.89,169.57]
["2015-03-11","EOD",22.8,137.66,370.01190000000003,139.25,0.74,0,0.74,60018607734.559998,46881056000,60757357299.779999,3.63,12.83,164.62]
["2015-03-10","EOD",22.8,137.61000000000001,369.84219999999999,139.19,0.74,0,0.74,59991053022.949997,46881056000,60757357299.779999,3.63,12.83,163.24]
["2015-03-09","EOD",22.81,136.08000000000001,365.76600000000002,137.68,0.71,0,0.71,59339904237.099998,46881056000,60757357299.779999,3.72,12.76,159.65]
["2015-03-06","EOD",22.81,136.02000000000001,365.48399999999998,137.66999999999999,0.61,0,0.61,59338750323.059998,46881056000,60757357299.779999,3.72,12.75,159.22999999999999]
["2015-03-05","EOD",22.82,137.33000000000001,368.88150000000002,138.94999999999999,0.61,0,0.61,59890421143.309998,46881056000,60757357299.779999,3.65,12.82,161.69999999999999]
["2015-03-04","EOD",22.82,137.16999999999999,368.42869999999999,138.78,0.61,0,0.61,59816891884.349998,46881056000,60757357299.779999,3.66,12.82,160.44]
["2015-03-03","EOD",22.82,137.80000000000001,370.0369,139.38999999999999,0.61,0,0.61,60078039391.419998,46881056000,60757357299.779999,3.62,12.85,160.22999999999999]
["2015-03-02","EOD",22.83,139.06,373.30779999999999,140.62,0.61,0,0.61,60609165948.139999,46881056000,60757357299.779999,3.55,12.93,162.97999999999999]
["2015-02-28","EOD",23.01,139.41999999999999,374.17079999999999,140.96,0.59,0,0.59,65815659917.830002,50899279000,69498027358.059998,3.57,13.02,169.06]
["2015-02-27","EOD",23.01,139.41999999999999,374.12759999999997,140.96,0.56999999999999995,0,0.56999999999999995,65815544146.230003,50899279000,69498027358.059998,3.57,13.03,169.08]
["2015-02-26","EOD",23.02,140.5,376.93279999999999,142.02000000000001,0.56999999999999995,0,0.56999999999999995,66309632824.900002,50899279000,69498027358.059998,3.51,13.09,168.04]

{"sheet":"Market data","index":14,"n_rows":348,"n_cols":50,"rows_kept":348,"cut":false,"hidden":false,"merged":[[163,8,163,9],[133,8,133,9]]}
["TEMPORARY 1"]
[null,null,null,null,"Parameter",null,"Units",null,"Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Returns"]
[]
[null,null,"Cap"]
[]
[null,null,null,"Beta"]
[]
[null,null,null,null,"Drax asset beta (2yr daily returns delevered with net debt & market cap)",null,"scalar",null,{"$f":"I14 / 2","v":0.625}]
[null,null,null,null,"Notional gearing",null,"%",null,0.5]
[null,null,null,null,"Relevered equity beta",null,"scalar",null,1.25]
[]
[null,null,null,"CAPM"]
[]
[null,null,null,null,"GB risk-free rate",null,"real annual %",null,1.6E-2]
[]
[]
[null,null,null,null,"UK total market returns (latest DMS aritmentic mean of equity market returns since 1900)",null,"real annual %",null,7.0999999999999994E-2]
[null,null,null,null,"UK RPI adjusment ",null,"annual %",null,4.0000000000000001E-3]
[]
[null,null,null,null,"GB market risk premium",null,"real annual %",null,{"$f":"I21 - I18 - I22","v":5.099999999999999E-2}]
[]
[]
[null,null,null,null,"UK cap returns",null,"real annual %",null,{"$f":"I18 + I24 * I$14","v":7.9749999999999988E-2}]
[]
[]
[null,null,null,null,"Cap returns (rounded to 2dp)",null,"real annual %",null,{"$f":"I27","v":7.9749999999999988E-2}]
[]
[null,null,"Floor"]
[]
[null,null,null,"GB"]
[]
[null,null,null,null,"Date",null,null,null,null,null,{"$f":"TRANSPOSE('Market data'!K326:K345)","v":"2015-02-26"},"2015-02-27","2015-03-02","2015-03-03","2015-03-04","2015-03-05","2015-03-06","2015-03-09","2015-03-10","2015-03-11","2015-03-12","2015-03-13","2015-03-16","2015-03-17","2015-03-18","2015-03-19","2015-03-20","2015-03-23","2015-03-24","2015-03-25"]
[null,null,null,null,"UK iBoxx non-financials 10+ broad A rating",null,"ppts",null,null,null,{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!K$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.51},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!L$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.57},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!M$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.55},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!N$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.62},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!O$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.66},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!P$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.65},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!Q$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.72},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!R$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.72},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!S$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.63},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!T$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.63},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!U$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.57},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!V$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.56},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!W$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.53},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!X$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.53},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!Y$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.48},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!Z$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.4},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!AA$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.39},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!AB$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.39},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!AC$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.39},{"$f":"INDEX('Market data'!$W$166:$W$187, MATCH('Market data'!AD$36, 'Market data'!$K$166:$K$187, 0), 0)","v":3.37}]
[null,null,null,null,"UK iBoxx non-financials 10+ broad BBB rating",null,"ppts",null,null,null,{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!K$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.72},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!L$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.77},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!M$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.7},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!N$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.77},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!O$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.81},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!P$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.79},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!Q$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.86},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!R$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.86},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!S$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.76},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!T$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.76},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!U$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.71},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!V$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.69},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!W$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.66},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!X$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.66},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!Y$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.61},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!Z$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.53},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!AA$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.52},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!AB$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.52},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!AC$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.52},{"$f":"INDEX('Market data'!$W$136:$W$157, MATCH('Market data'!AD$36, 'Market data'!$K$136:$K$157, 0), 0)","v":3.5}]
[null,null,null,null,"Yield from British Government Securities, 10 year Inflation Zero Coupon (IUDMIZC)",null,"ppts",null,null,null,{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(K36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7347000000000001},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(L36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7755999999999998},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(M36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7719},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(N36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.766},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(O36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7437999999999998},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(P36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7187000000000001},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(Q36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7789999999999999},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(R36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7612000000000001},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(S36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7174999999999998},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(T36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7122000000000002},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(U36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6772999999999998},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(V36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6343999999999999},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(W36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6067},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(X36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6240000000000001},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(Y36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6597},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(Z36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6850999999999998},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(AA36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7349999999999999},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(AB36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.7113},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(AC36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6979000000000002},{"$f":"INDEX('Market data'!$L$326:$L$345, MATCH(AD36, 'Market data'!$K$326:$K$345, 0), 0)","v":2.6951999999999998}]
[]
[null,null,null,null,"Nominal cost of debt (UK)",null,"ppts",null,null,null,{"$f":"(K37 + K38) / 2","v":3.6150000000000002},3.67,3.625,3.6950000000000003,3.7350000000000003,3.7199999999999998,3.79,3.79,3.6949999999999998,3.6949999999999998,3.6399999999999997,3.625,3.5949999999999998,3.5949999999999998,3.5449999999999999,3.4649999999999999,3.4550000000000001,3.4550000000000001,3.4550000000000001,3.4350000000000001]
[null,null,null,null,"Real cost of debt (UK)",null,"real annual %",null,null,null,{"$f":"((1+K41/100)/(1+K39/100)-1)","v":8.5686725127924745E-3},8.7024546682286097E-3,8.3009071545820934E-3,9.039954848879983E-3,9.6472974524983712E-3,9.7479816235990224E-3,9.8366397804998673E-3,1.0011560783642182E-2,9.5163920461460716E-3,9.5684835881229002E-3,9.3759769686192485E-3,9.6517347010358634E-3,9.6319246209066733E-3,9.4617243529777628E-3,8.6236371234282849E-3,7.5950649120466451E-3,7.0083223828296681E-3,7.2406833522700165E-3,7.372107900940561E-3,7.2038420490929678E-3]
[null,null,null,null,"GB deflated floor (20 day average)",null,"real annual %",null,{"$f":"AVERAGE(K42:AD42)","v":8.8052681411569626E-3}]
[]
[null,null,null,"This interconnector"]
[]
[null,null,null,null,"Floor returns",null,"real annual %",null,{"$f":"I43","v":8.8052681411569626E-3}]
[null,null,null,null,"Floor returns (rounded to 2dp)",null,"real annual %",null,{"$f":"ROUND(I47,4)","v":8.8000000000000005E-3}]
[]
[null,null,null,null,"GB inflation forecast",null,"%",null,{"$f":"AVERAGE(K39:AD39) / 100","v":2.7103600000000002E-2}]
[]
[]
[null,null,null,null,"GB inflation forecast (rounded to 2dp)",null,"%",null,{"$f":"ROUND(AVERAGE(K39:AD39) / 100, 4)","v":2.7099999999999999E-2}]
[]
[]
[null,null,"IDC"]
[]
[null,null,null,"GB"]
[]
[null,null,null,null,"Cost of debt (real)",null,"real annual %",null,{"$f":"I43","v":8.8052681411569626E-3}]
[null,null,null,null,"Risk-free rate (real)",null,"real annual %",null,{"$f":"AVERAGE('Market data'!N199:N318) / 100","v":6.0249666666666599E-3}]
[null,null,null,null,"Market risk premium",null,"real annual %",null,{"$f":"I21-I22-I61","v":6.0975033333333331E-2}]
[null,null,null,null,"Equity beta",null,"scalar",null,1.04]
[null,null,null,null,"Cost of equity (real)",null,"real annual %",null,{"$f":"I61 + I62 * I63","v":6.9439001333333319E-2}]
[null,null,null,null,"Gearing",null,"%",null,0.33410000000000001]
[null,null,null,null,"Vanilla WACC (national basis)",null,"real annual %",null,{"$f":"I60 * I65 + I64 * (1 - I65)","v":4.9181271073827193E-2}]
[]
[null,null,null,"This interconnector"]
[]
[null,null,null,null,"Average vanilla WACC",null,"real annual %",null,{"$f":"I66","v":4.9181271073827193E-2}]
[null,null,null,null,"Development risk premium uplift %",null,"real annual %",null,5.4000000000000003E-3]
[null,null,null,null,"Construction risk premium uplift %",null,"real annual %",null,9.1000000000000004E-3]
[null,null,null,null,"IDC",null,"real annual %",null,{"$f":"I70 + I71 + I72","v":6.3681271073827192E-2}]
[null,null,null,null,"IDC (rounded 2dp)",null,"real annual %",null,{"$f":"ROUND(I73, 4)","v":6.3700000000000007E-2}]
[]
[null,null,null,null,"Pre-operational gearing (rounded to 2dp)",null,"%",null,{"$f":"ROUND(I65, 4)","v":0.33410000000000001}]
[]
[]
[]
[null,null,"Depreciation chart"]
[null,null,null,null,"Note: illustrations below focus just on depreciation and return. They do not include opex, tax, passthroughs etc."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation (RAV)",{"$f":"AllowancesFloor!W12","v":29.358079598551679},{"$f":"AllowancesFloor!X12","v":30.758551739401344},{"$f":"AllowancesFloor!Y12","v":30.758551739401344},{"$f":"AllowancesFloor!Z12","v":30.758551739401344},{"$f":"AllowancesFloor!AA12","v":30.758551739401344},{"$f":"AllowancesFloor!AB12","v":30.758551739401344},{"$f":"AllowancesFloor!AC12","v":30.758551739401344},{"$f":"AllowancesFloor!AD12","v":30.758551739401341},{"$f":"AllowancesFloor!AE12","v":30.758551739401341},{"$f":"AllowancesFloor!AF12","v":30.758551739401341},{"$f":"AllowancesFloor!AG12","v":30.758551739401341},{"$f":"AllowancesFloor!AH12","v":30.758551739401337},{"$f":"AllowancesFloor!AI12","v":30.758551739401337},{"$f":"AllowancesFloor!AJ12","v":30.758551739401337},{"$f":"AllowancesFloor!AK12","v":30.758551739401334},{"$f":"AllowancesFloor!AL12","v":32.258551739401334},{"$f":"AllowancesFloor!AM12","v":32.258551739401327},{"$f":"AllowancesFloor!AN12","v":32.258551739401327},{"$f":"AllowancesFloor!AO12","v":32.258551739401327},{"$f":"AllowancesFloor!AP12","v":32.258551739401327},{"$f":"AllowancesFloor!AQ12","v":32.258551739401327},{"$f":"AllowancesFloor!AR12","v":32.258551739401327},{"$f":"AllowancesFloor!AS12","v":32.258551739401327},{"$f":"AllowancesFloor!AT12","v":32.258551739401327},{"$f":"AllowancesFloor!AU12","v":32.258551739401327}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Floor return (RAV)",{"$f":"AllowancesFloor!W13","v":6.4491578514798427},{"$f":"AllowancesFloor!X13","v":6.3337151136683083},{"$f":"AllowancesFloor!Y13","v":6.0642204403633109},{"$f":"AllowancesFloor!Z13","v":5.7947257670583125},{"$f":"AllowancesFloor!AA13","v":5.525231093753316},{"$f":"AllowancesFloor!AB13","v":5.2557364204483186},{"$f":"AllowancesFloor!AC13","v":4.9862417471433211},{"$f":"AllowancesFloor!AD13","v":4.7167470738383228},{"$f":"AllowancesFloor!AE13","v":4.4472524005333254},{"$f":"AllowancesFloor!AF13","v":4.1777577272283279},{"$f":"AllowancesFloor!AG13","v":3.9082630539233301},{"$f":"AllowancesFloor!AH13","v":3.6387683806183326},{"$f":"AllowancesFloor!AI13","v":3.3692737073133352},{"$f":"AllowancesFloor!AJ13","v":3.0997790340083373},{"$f":"AllowancesFloor!AK13","v":2.8957086271585344},{"$f":"AllowancesFloor!AL13","v":2.6856715272080169},{"$f":"AllowancesFloor!AM13","v":2.4030344272574999},{"$f":"AllowancesFloor!AN13","v":2.1203973273069834},{"$f":"AllowancesFloor!AO13","v":1.8377602273564664},{"$f":"AllowancesFloor!AP13","v":1.5551231274059496},{"$f":"AllowancesFloor!AQ13","v":1.2724860274554328},{"$f":"AllowancesFloor!AR13","v":0.98984892750491627},{"$f":"AllowancesFloor!AS13","v":0.70721182755439937},{"$f":"AllowancesFloor!AT13","v":0.4245747276038826},{"$f":"AllowancesFloor!AU13","v":0.14193762765336584}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation (annuity)",{"$f":"$W95 - W85","v":27.930424139273899},28.176211871699511,28.424162536170467,28.674295166488765,28.926628963953867,29.181183298836661,29.437977711866424,29.697031915730847,29.958365796589277,30.221999415599264,30.487953010456536,30.756246996948555,31.026901970521703,31.299938707862296,31.575378168491483,31.853241496374206,32.133550021542298,32.41632526173187,32.701588924035114,32.989362906566619,33.279669300144405,33.57253038998568,33.867968657417556,34.166006781602825,34.466667641280935]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Floor return (annuity)",{"$f":"W89 * $W96","v":6.8395501772502625},6.5937624448246526,6.3458117803536966,6.0956791500353971,5.8433453525702959,5.5887910176875026,5.3319966046577401,5.0729424007933153,4.8116085199348841,4.5479749009248982,4.2820213060676249,4.0137273195756071,3.7430723460024597,3.4700356086618687,3.194596148032681,2.9167328201499556,2.6364242949818624,2.3536490547922901,2.0683853924890498,1.7806114099575407,1.4903050163797544,1.1974439265384837,0.90200565910660979,0.60396753492133526,0.30330667524323041]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesFloor!E25","v":"Discount factor to start of operational period (floor)"},{"$f":"AllowancesFloor!W25","v":0.99127676447264079},{"$f":"AllowancesFloor!X25","v":0.98262962378334739},{"$f":"AllowancesFloor!Y25","v":0.97405791413892495},{"$f":"AllowancesFloor!Z25","v":0.96556097753660286},{"$f":"AllowancesFloor!AA25","v":0.95713816171352395},{"$f":"AllowancesFloor!AB25","v":0.9487888200966732},{"$f":"AllowancesFloor!AC25","v":0.9405123117532449},{"$f":"AllowancesFloor!AD25","v":0.9323080013414401},{"$f":"AllowancesFloor!AE25","v":0.92417525906169717},{"$f":"AllowancesFloor!AF25","v":0.91611346060834387},{"$f":"AllowancesFloor!AG25","v":0.90812198712167325},{"$f":"AllowancesFloor!AH25","v":0.90020022514043729},{"$f":"AllowancesFloor!AI25","v":0.89234756655475567},{"$f":"AllowancesFloor!AJ25","v":0.88456340855943261},{"$f":"AllowancesFloor!AK25","v":0.87684715360768506},{"$f":"AllowancesFloor!AL25","v":0.8691982093652707},{"$f":"AllowancesFloor!AM25","v":0.86161598866501854},{"$f":"AllowancesFloor!AN25","v":0.85409990946175507},{"$f":"AllowancesFloor!AO25","v":0.84664939478762413},{"$f":"AllowancesFloor!AP25","v":0.83926387270779546},{"$f":"AllowancesFloor!AQ25","v":0.83194277627656188},{"$f":"AllowancesFloor!AR25","v":0.82468554349381629},{"$f":"AllowancesFloor!AS25","v":0.81749161726191166},{"$f":"AllowancesFloor!AT25","v":0.8103604453428942},{"$f":"AllowancesFloor!AU25","v":0.80329148031611231}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Opening net book value (annuity)",{"$f":"W93","v":777.22161105116618},{"$f":"W91","v":749.29118691189228},{"$f":"X91","v":721.1149750401928},692.69081250402235,664.01651733753363,635.08988837357981,605.90870507474312,576.47072736287669,546.77369544714588,516.81532965055658,486.59333023495731,456.10537722450078,425.34913022755222,394.32222825703053,363.02228954916825,331.44691138067674,299.59366988430253,267.46011986276022,235.04379460102837,202.34220567699325,169.35284277042663,136.07317347028223,102.50064308029656,68.632674422879006,34.466667641276182]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V84","v":"Depreciation (annuity)"},{"$f":"-W84","v":-27.930424139273899},{"$f":"-X84","v":-28.176211871699511},-28.424162536170467,-28.674295166488765,-28.926628963953867,-29.181183298836661,-29.437977711866424,-29.697031915730847,-29.958365796589277,-30.221999415599264,-30.487953010456536,-30.756246996948555,-31.026901970521703,-31.299938707862296,-31.575378168491483,-31.853241496374206,-32.133550021542298,-32.41632526173187,-32.701588924035114,-32.989362906566619,-33.279669300144405,-33.57253038998568,-33.867968657417556,-34.166006781602825,-34.466667641280935]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Closing net book value (annuity)",{"$f":"SUM(W89:W90)","v":749.29118691189228},{"$f":"SUM(X89:X90)","v":721.1149750401928},692.69081250402235,664.01651733753363,635.08988837357981,605.90870507474312,576.47072736287669,546.77369544714588,516.81532965055658,486.59333023495731,456.10537722450078,425.34913022755222,394.32222825703053,363.02228954916825,331.44691138067674,299.59366988430253,267.46011986276022,235.04379460102837,202.34220567699325,169.35284277042663,136.07317347028223,102.50064308029656,68.632674422879006,34.466667641276182,-4.7535309022350702E-12]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPV (RAV)",{"$f":"SUMPRODUCT(W87:AU87, W82:AU82 ) + SUMPRODUCT(W87:AU87, W83:AU83)","v":777.22161105116618}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesFloor!E22","v":"Annuity factor (floor)"},{"$f":"AllowancesFloor!I22","v":4.4736242304815661E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Annuity",{"$f":"W93 * W94","v":34.769974316524163}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesFloor!E20","v":"Floor returns"},{"$f":"AllowancesFloor!I20","v":8.8000000000000005E-3}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPV (annuity)",{"$f":"SUMPRODUCT(W84:AU84, W87:AU87) + SUMPRODUCT(W87:AU87, W85:AU85)","v":777.22161105117061}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPVs are equal?",{"$f":"ROUND(W97 - W93, 5) = 0","v":true}]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation (RAV)",{"$f":"AllowancesCap!W12","v":29.358079598551679},{"$f":"AllowancesCap!X12","v":30.758551739401344},{"$f":"AllowancesCap!Y12","v":30.758551739401344},{"$f":"AllowancesCap!Z12","v":30.758551739401344},{"$f":"AllowancesCap!AA12","v":30.758551739401344},{"$f":"AllowancesCap!AB12","v":30.758551739401344},{"$f":"AllowancesCap!AC12","v":30.758551739401344},{"$f":"AllowancesCap!AD12","v":30.758551739401341},{"$f":"AllowancesCap!AE12","v":30.758551739401341},{"$f":"AllowancesCap!AF12","v":30.758551739401341},{"$f":"AllowancesCap!AG12","v":30.758551739401341},{"$f":"AllowancesCap!AH12","v":30.758551739401337},{"$f":"AllowancesCap!AI12","v":30.758551739401337},{"$f":"AllowancesCap!AJ12","v":30.758551739401337},{"$f":"AllowancesCap!AK12","v":30.758551739401334},{"$f":"AllowancesCap!AL12","v":32.258551739401334},{"$f":"AllowancesCap!AM12","v":32.258551739401327},{"$f":"AllowancesCap!AN12","v":32.258551739401327},{"$f":"AllowancesCap!AO12","v":32.258551739401327},{"$f":"AllowancesCap!AP12","v":32.258551739401327},{"$f":"AllowancesCap!AQ12","v":32.258551739401327},{"$f":"AllowancesCap!AR12","v":32.258551739401327},{"$f":"AllowancesCap!AS12","v":32.258551739401327},{"$f":"AllowancesCap!AT12","v":32.258551739401327},{"$f":"AllowancesCap!AU12","v":32.258551739401327}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cap return (RAV)",{"$f":"AllowancesCap!W13","v":56.528140660799103},{"$f":"AllowancesCap!X13","v":55.561830531391941},{"$f":"AllowancesCap!Y13","v":53.199424736575274},{"$f":"AllowancesCap!Z13","v":50.837018941758615},{"$f":"AllowancesCap!AA13","v":48.474613146941941},{"$f":"AllowancesCap!AB13","v":46.112207352125282},{"$f":"AllowancesCap!AC13","v":43.749801557308608},{"$f":"AllowancesCap!AD13","v":41.387395762491948},{"$f":"AllowancesCap!AE13","v":39.024989967675282},{"$f":"AllowancesCap!AF13","v":36.662584172858608},{"$f":"AllowancesCap!AG13","v":34.300178378041942},{"$f":"AllowancesCap!AH13","v":31.937772583225279},{"$f":"AllowancesCap!AI13","v":29.575366788408612},{"$f":"AllowancesCap!AJ13","v":27.212960993591945},{"$f":"AllowancesCap!AK13","v":25.404502871847747},{"$f":"AllowancesCap!AL13","v":23.584827309723835},{"$f":"AllowancesCap!AM13","v":21.10721424759992},{"$f":"AllowancesCap!AN13","v":18.629601185476009},{"$f":"AllowancesCap!AO13","v":16.151988123352094},{"$f":"AllowancesCap!AP13","v":13.674375061228185},{"$f":"AllowancesCap!AQ13","v":11.196761999104275},{"$f":"AllowancesCap!AR13","v":8.7191489369803623},{"$f":"AllowancesCap!AS13","v":6.2415358748564511},{"$f":"AllowancesCap!AT13","v":3.763922812732539},{"$f":"AllowancesCap!AU13","v":1.2863097506086276}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation (annuity)",{"$f":"$W117 - W107","v":10.196676389418535},11.00986133147466,11.88789777265977,12.835957620029383,13.859625240226727,14.964930353134811,16.15838354879731,17.447014636813897,18.838414054099815,20.34077757491427,21.962954586513675,23.714500214788139,25.605731606917495,27.647788702569166,29.852699851599056,32.23345266476408,34.804070514779013,37.579695138332639,40.576675825614672,43.812665722707436,47.306725814093355,51.079437197767298,55.153022314289245,59.551475843853808,64.300706042401146]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cap return (annuity)",{"$f":"W111 * $W118","v":59.232010959864134},58.418826017808009,57.540789576622899,56.592729729253286,55.569062109055942,54.463756996147858,53.270303800485358,51.981672712468772,50.590273295182854,49.087909774368399,47.465732762768994,45.71418713449453,43.822955742365174,41.780898646713503,39.575987497683613,37.195234684518589,34.624616834503655,31.848992210950026,28.852011523668001,25.616021626575229,22.121961535189314,18.349250151515371,14.275665034993427,9.8772115054288605,5.1279813068815203]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesCap!E25","v":"Discount factor to start of operational period (cap)"},{"$f":"AllowancesCap!W25","v":0.92614031025700394},{"$f":"AllowancesCap!X25","v":0.85773587428293951},{"$f":"AllowancesCap!Y25","v":0.79438376872696415},{"$f":"AllowancesCap!Z25","v":0.73571083003191862},{"$f":"AllowancesCap!AA25","v":0.68137145638519903},{"$f":"AllowancesCap!AB25","v":0.63104557201685485},{"$f":"AllowancesCap!AC25","v":0.58443674185399852},{"$f":"AllowancesCap!AD25","v":0.5412704254262547},{"$f":"AllowancesCap!AE25","v":0.50129235973721198},{"$f":"AllowancesCap!AF25","v":0.46426706157648717},{"$f":"AllowancesCap!AG25","v":0.42997644045055539},{"$f":"AllowancesCap!AH25","v":0.39821851396207952},{"$f":"AllowancesCap!AI25","v":0.3688062180709234},{"$f":"AllowancesCap!AJ25","v":0.34156630522891723},{"$f":"AllowancesCap!AK25","v":0.31633832389804795},{"$f":"AllowancesCap!AL25","v":0.29297367344111869},{"$f":"AllowancesCap!AM25","v":0.27133472881789183},{"$f":"AllowancesCap!AN25","v":0.25129402993090239},{"$f":"AllowancesCap!AO25","v":0.23273353084593879},{"$f":"AllowancesCap!AP25","v":0.21554390446486574},{"$f":"AllowancesCap!AQ25","v":0.19962389855509677},{"$f":"AllowancesCap!AR25","v":0.18487973934252996},{"$f":"AllowancesCap!AS25","v":0.17122457915492476},{"$f":"AllowancesCap!AT25","v":0.15857798486216693},{"$f":"AllowancesCap!AU25","v":0.14686546410017776}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Opening net book value (annuity)",{"$f":"W115","v":742.72114056255975},{"$f":"W113","v":732.52446417314127},{"$f":"X113","v":721.5146028416666},709.62670506900679,696.79074744897741,682.93112220875071,667.96619185561588,651.80780830681852,634.36079367000457,615.52237961590481,595.18160204099058,573.21864745447692,549.50414723968879,523.89841563277128,496.25062693020209,466.39792707860306,434.164474413839,399.36040389905997,361.78070876072735,321.20403293511265,277.39136721240521,230.08464139831187,179.00520420054457,123.85218188625532,64.300706042401515]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V106","v":"Depreciation (annuity)"},{"$f":"-W106","v":-10.196676389418535},{"$f":"-X106","v":-11.00986133147466},-11.88789777265977,-12.835957620029383,-13.859625240226727,-14.964930353134811,-16.15838354879731,-17.447014636813897,-18.838414054099815,-20.34077757491427,-21.962954586513675,-23.714500214788139,-25.605731606917495,-27.647788702569166,-29.852699851599056,-32.23345266476408,-34.804070514779013,-37.579695138332639,-40.576675825614672,-43.812665722707436,-47.306725814093355,-51.079437197767298,-55.153022314289245,-59.551475843853808,-64.300706042401146]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Closing net book value (annuity)",{"$f":"SUM(W111:W112)","v":732.52446417314127},{"$f":"SUM(X111:X112)","v":721.5146028416666},{"$f":"SUM(Y111:Y112)","v":709.62670506900679},{"$f":"SUM(Z111:Z112)","v":696.79074744897741},{"$f":"SUM(AA111:AA112)","v":682.93112220875071},{"$f":"SUM(AB111:AB112)","v":667.96619185561588},{"$f":"SUM(AC111:AC112)","v":651.80780830681852},{"$f":"SUM(AD111:AD112)","v":634.36079367000457},{"$f":"SUM(AE111:AE112)","v":615.52237961590481},{"$f":"SUM(AF111:AF112)","v":595.18160204099058},{"$f":"SUM(AG111:AG112)","v":573.21864745447692},{"$f":"SUM(AH111:AH112)","v":549.50414723968879},{"$f":"SUM(AI111:AI112)","v":523.89841563277128},{"$f":"SUM(AJ111:AJ112)","v":496.25062693020209},{"$f":"SUM(AK111:AK112)","v":466.39792707860306},{"$f":"SUM(AL111:AL112)","v":434.164474413839},{"$f":"SUM(AM111:AM112)","v":399.36040389905997},{"$f":"SUM(AN111:AN112)","v":361.78070876072735},{"$f":"SUM(AO111:AO112)","v":321.20403293511265},{"$f":"SUM(AP111:AP112)","v":277.39136721240521},{"$f":"SUM(AQ111:AQ112)","v":230.08464139831187},{"$f":"SUM(AR111:AR112)","v":179.00520420054457},{"$f":"SUM(AS111:AS112)","v":123.85218188625532},{"$f":"SUM(AT111:AT112)","v":64.300706042401515},{"$f":"SUM(AU111:AU112)","v":3.694822225952521E-13}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPV (RAV)",{"$f":"SUMPRODUCT(W109:AU109, W104:AU104 ) + SUMPRODUCT(W109:AU109, W105:AU105)","v":742.72114056255975}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesCap!E22","v":"Annuity factor (cap)"},{"$f":"AllowancesCap!I22","v":9.3478808610046094E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Annuity",{"$f":"W115 * W116","v":69.428687349282669}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AllowancesCap!E20","v":"Cap returns"},{"$f":"AllowancesCap!I20","v":7.9749999999999988E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPV (annuity)",{"$f":"SUMPRODUCT(W106:AU106, W109:AU109) + SUMPRODUCT(W109:AU109, W107:AU107)","v":742.72114056255975}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPVs are equal?",{"$f":"ROUND(W119 - W115, 5) = 0","v":true}]
[]
[]
[]
[]
[]
[]
[null,"Data"]
[]
[null,null,null,"iBoxx £ Non-Financials BBB 10+"]
[]
[null,null,null,null,"Fixing ",null,"EU_EOD",null,{"$f":"K136","v":"2015-03-25"}]
[null,null,null,null,"Index ",null,null,null,"iBoxx £ Non-Financials BBB 10+"]
[null,null,null,null,"ISIN TRi ",null,null,null,"DE000A0JZAH1"]
[null,null,null,null,null,null,null,null,"DE000A0JZAH1"]
[null,null,null,null,null,null,null,null,"iBoxx € Non-Financials BBB 10+",null,"DATE","FIXINGFLAG","Years to Maturity / Expected Remaining Life","Price Return Index Level","Total Return Index Level","Gross Price Index Level","Coupon Income Index Level","Redemption Income Index Level","Income Index Level","Market Value","Nominal Value","Base Market Value","Annual Yield in %","Annual Modified Duration","Index Asset Swap Margin"]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A60","v":"2015-03-25"},{"$f":"'download from iBoxx'!B60","v":"EOD"},{"$f":"'download from iBoxx'!C60","v":17.78},{"$f":"'download from iBoxx'!D60","v":134.58000000000001},{"$f":"'download from iBoxx'!E60","v":389.79430000000002},{"$f":"'download from iBoxx'!F60","v":121},{"$f":"'download from iBoxx'!G60","v":1.23},{"$f":"'download from iBoxx'!H60","v":0},{"$f":"'download from iBoxx'!I60","v":1.23},{"$f":"'download from iBoxx'!J60","v":46412531706.900002},{"$f":"'download from iBoxx'!K60","v":36031274000},{"$f":"'download from iBoxx'!L60","v":45482216797.099998},{"$f":"'download from iBoxx'!M60","v":3.5},{"$f":"'download from iBoxx'!N60","v":11.47},{"$f":"'download from iBoxx'!O60","v":193.37}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A61","v":"2015-03-24"},{"$f":"'download from iBoxx'!B61","v":"EOD"},{"$f":"'download from iBoxx'!C61","v":17.79},{"$f":"'download from iBoxx'!D61","v":134.18},{"$f":"'download from iBoxx'!E61","v":388.64170000000001},{"$f":"'download from iBoxx'!F61","v":120.79},{"$f":"'download from iBoxx'!G61","v":1.0900000000000001},{"$f":"'download from iBoxx'!H61","v":0},{"$f":"'download from iBoxx'!I61","v":1.0900000000000001},{"$f":"'download from iBoxx'!J61","v":46329437614.610001},{"$f":"'download from iBoxx'!K61","v":36031274000},{"$f":"'download from iBoxx'!L61","v":45482216797.099998},{"$f":"'download from iBoxx'!M61","v":3.52},{"$f":"'download from iBoxx'!N61","v":11.44},{"$f":"'download from iBoxx'!O61","v":192.41}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A62","v":"2015-03-23"},{"$f":"'download from iBoxx'!B62","v":"EOD"},{"$f":"'download from iBoxx'!C62","v":17.79},{"$f":"'download from iBoxx'!D62","v":134.30000000000001},{"$f":"'download from iBoxx'!E62","v":388.93819999999999},{"$f":"'download from iBoxx'!F62","v":120.88},{"$f":"'download from iBoxx'!G62","v":1.0900000000000001},{"$f":"'download from iBoxx'!H62","v":0},{"$f":"'download from iBoxx'!I62","v":1.0900000000000001},{"$f":"'download from iBoxx'!J62","v":46364868236.449997},{"$f":"'download from iBoxx'!K62","v":36031274000},{"$f":"'download from iBoxx'!L62","v":45482216797.099998},{"$f":"'download from iBoxx'!M62","v":3.52},{"$f":"'download from iBoxx'!N62","v":11.45},{"$f":"'download from iBoxx'!O62","v":191.97}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A63","v":"2015-03-20"},{"$f":"'download from iBoxx'!B63","v":"EOD"},{"$f":"'download from iBoxx'!C63","v":17.8},{"$f":"'download from iBoxx'!D63","v":134.22999999999999},{"$f":"'download from iBoxx'!E63","v":388.58969999999999},{"$f":"'download from iBoxx'!F63","v":120.86},{"$f":"'download from iBoxx'!G63","v":1},{"$f":"'download from iBoxx'!H63","v":0},{"$f":"'download from iBoxx'!I63","v":1},{"$f":"'download from iBoxx'!J63","v":46357479828.43},{"$f":"'download from iBoxx'!K63","v":36031274000},{"$f":"'download from iBoxx'!L63","v":45482216797.099998},{"$f":"'download from iBoxx'!M63","v":3.52},{"$f":"'download from iBoxx'!N63","v":11.45},{"$f":"'download from iBoxx'!O63","v":193.44}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A64","v":"2015-03-19"},{"$f":"'download from iBoxx'!B64","v":"EOD"},{"$f":"'download from iBoxx'!C64","v":17.8},{"$f":"'download from iBoxx'!D64","v":134.04},{"$f":"'download from iBoxx'!E64","v":388.00220000000002},{"$f":"'download from iBoxx'!F64","v":120.68},{"$f":"'download from iBoxx'!G64","v":1},{"$f":"'download from iBoxx'!H64","v":0},{"$f":"'download from iBoxx'!I64","v":1},{"$f":"'download from iBoxx'!J64","v":46287288940.050003},{"$f":"'download from iBoxx'!K64","v":36031274000},{"$f":"'download from iBoxx'!L64","v":45482216797.099998},{"$f":"'download from iBoxx'!M64","v":3.53},{"$f":"'download from iBoxx'!N64","v":11.44},{"$f":"'download from iBoxx'!O64","v":192.66}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A65","v":"2015-03-18"},{"$f":"'download from iBoxx'!B65","v":"EOD"},{"$f":"'download from iBoxx'!C65","v":17.8},{"$f":"'download from iBoxx'!D65","v":132.82},{"$f":"'download from iBoxx'!E65","v":384.52760000000001},{"$f":"'download from iBoxx'!F65","v":119.6},{"$f":"'download from iBoxx'!G65","v":1},{"$f":"'download from iBoxx'!H65","v":0},{"$f":"'download from iBoxx'!I65","v":1},{"$f":"'download from iBoxx'!J65","v":45872140549.099998},{"$f":"'download from iBoxx'!K65","v":36031274000},{"$f":"'download from iBoxx'!L65","v":45482216797.099998},{"$f":"'download from iBoxx'!M65","v":3.61},{"$f":"'download from iBoxx'!N65","v":11.4},{"$f":"'download from iBoxx'!O65","v":191.16}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A66","v":"2015-03-17"},{"$f":"'download from iBoxx'!B66","v":"EOD"},{"$f":"'download from iBoxx'!C66","v":17.809999999999999},{"$f":"'download from iBoxx'!D66","v":132.07},{"$f":"'download from iBoxx'!E66","v":382.3587},{"$f":"'download from iBoxx'!F66","v":118.92},{"$f":"'download from iBoxx'!G66","v":1},{"$f":"'download from iBoxx'!H66","v":0},{"$f":"'download from iBoxx'!I66","v":1},{"$f":"'download from iBoxx'!J66","v":45613002864.779999},{"$f":"'download from iBoxx'!K66","v":36031274000},{"$f":"'download from iBoxx'!L66","v":45482216797.099998},{"$f":"'download from iBoxx'!M66","v":3.66},{"$f":"'download from iBoxx'!N66","v":11.37},{"$f":"'download from iBoxx'!O66","v":187.61}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A67","v":"2015-03-16"},{"$f":"'download from iBoxx'!B67","v":"EOD"},{"$f":"'download from iBoxx'!C67","v":17.809999999999999},{"$f":"'download from iBoxx'!D67","v":132},{"$f":"'download from iBoxx'!E67","v":382.11739999999998},{"$f":"'download from iBoxx'!F67","v":118.85},{"$f":"'download from iBoxx'!G67","v":1},{"$f":"'download from iBoxx'!H67","v":0},{"$f":"'download from iBoxx'!I67","v":1},{"$f":"'download from iBoxx'!J67","v":45584174563.989998},{"$f":"'download from iBoxx'!K67","v":36031274000},{"$f":"'download from iBoxx'!L67","v":45482216797.099998},{"$f":"'download from iBoxx'!M67","v":3.66},{"$f":"'download from iBoxx'!N67","v":11.37},{"$f":"'download from iBoxx'!O67","v":189.51}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A68","v":"2015-03-13"},{"$f":"'download from iBoxx'!B68","v":"EOD"},{"$f":"'download from iBoxx'!C68","v":17.82},{"$f":"'download from iBoxx'!D68","v":131.57},{"$f":"'download from iBoxx'!E68","v":380.75529999999998},{"$f":"'download from iBoxx'!F68","v":118.51},{"$f":"'download from iBoxx'!G68","v":0.91},{"$f":"'download from iBoxx'!H68","v":0},{"$f":"'download from iBoxx'!I68","v":0.91},{"$f":"'download from iBoxx'!J68","v":45454428057.760002},{"$f":"'download from iBoxx'!K68","v":36031274000},{"$f":"'download from iBoxx'!L68","v":45482216797.099998},{"$f":"'download from iBoxx'!M68","v":3.69},{"$f":"'download from iBoxx'!N68","v":11.35},{"$f":"'download from iBoxx'!O68","v":189.24}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A69","v":"2015-03-12"},{"$f":"'download from iBoxx'!B69","v":"EOD"},{"$f":"'download from iBoxx'!C69","v":17.82},{"$f":"'download from iBoxx'!D69","v":131.38},{"$f":"'download from iBoxx'!E69","v":380.18579999999997},{"$f":"'download from iBoxx'!F69","v":118.33},{"$f":"'download from iBoxx'!G69","v":0.91},{"$f":"'download from iBoxx'!H69","v":0},{"$f":"'download from iBoxx'!I69","v":0.91},{"$f":"'download from iBoxx'!J69","v":45386385186.790001},{"$f":"'download from iBoxx'!K69","v":36031274000},{"$f":"'download from iBoxx'!L69","v":45482216797.099998},{"$f":"'download from iBoxx'!M69","v":3.71},{"$f":"'download from iBoxx'!N69","v":11.35},{"$f":"'download from iBoxx'!O69","v":184.07}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A70","v":"2015-03-11"},{"$f":"'download from iBoxx'!B70","v":"EOD"},{"$f":"'download from iBoxx'!C70","v":17.82},{"$f":"'download from iBoxx'!D70","v":130.5},{"$f":"'download from iBoxx'!E70","v":377.63909999999998},{"$f":"'download from iBoxx'!F70","v":117.54},{"$f":"'download from iBoxx'!G70","v":0.91},{"$f":"'download from iBoxx'!H70","v":0},{"$f":"'download from iBoxx'!I70","v":0.91},{"$f":"'download from iBoxx'!J70","v":45082113230.279999},{"$f":"'download from iBoxx'!K70","v":36031274000},{"$f":"'download from iBoxx'!L70","v":45482216797.099998},{"$f":"'download from iBoxx'!M70","v":3.76},{"$f":"'download from iBoxx'!N70","v":11.32},{"$f":"'download from iBoxx'!O70","v":179.36}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A71","v":"2015-03-10"},{"$f":"'download from iBoxx'!B71","v":"EOD"},{"$f":"'download from iBoxx'!C71","v":17.829999999999998},{"$f":"'download from iBoxx'!D71","v":130.51},{"$f":"'download from iBoxx'!E71","v":377.63549999999998},{"$f":"'download from iBoxx'!F71","v":117.53},{"$f":"'download from iBoxx'!G71","v":0.91},{"$f":"'download from iBoxx'!H71","v":0},{"$f":"'download from iBoxx'!I71","v":0.91},{"$f":"'download from iBoxx'!J71","v":45081673705.489998},{"$f":"'download from iBoxx'!K71","v":36031274000},{"$f":"'download from iBoxx'!L71","v":45482216797.099998},{"$f":"'download from iBoxx'!M71","v":3.76},{"$f":"'download from iBoxx'!N71","v":11.32},{"$f":"'download from iBoxx'!O71","v":177.52}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A72","v":"2015-03-09"},{"$f":"'download from iBoxx'!B72","v":"EOD"},{"$f":"'download from iBoxx'!C72","v":17.829999999999998},{"$f":"'download from iBoxx'!D72","v":129.09},{"$f":"'download from iBoxx'!E72","v":373.58390000000003},{"$f":"'download from iBoxx'!F72","v":116.27},{"$f":"'download from iBoxx'!G72","v":0.91},{"$f":"'download from iBoxx'!H72","v":0},{"$f":"'download from iBoxx'!I72","v":0.91},{"$f":"'download from iBoxx'!J72","v":44597601280.839996},{"$f":"'download from iBoxx'!K72","v":36031274000},{"$f":"'download from iBoxx'!L72","v":45482216797.099998},{"$f":"'download from iBoxx'!M72","v":3.86},{"$f":"'download from iBoxx'!N72","v":11.28},{"$f":"'download from iBoxx'!O72","v":174.74}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A73","v":"2015-03-06"},{"$f":"'download from iBoxx'!B73","v":"EOD"},{"$f":"'download from iBoxx'!C73","v":17.84},{"$f":"'download from iBoxx'!D73","v":128.97999999999999},{"$f":"'download from iBoxx'!E73","v":373.13200000000001},{"$f":"'download from iBoxx'!F73","v":116.13},{"$f":"'download from iBoxx'!G73","v":0.91},{"$f":"'download from iBoxx'!H73","v":0},{"$f":"'download from iBoxx'!I73","v":0.91},{"$f":"'download from iBoxx'!J73","v":44543609408.010002},{"$f":"'download from iBoxx'!K73","v":36031274000},{"$f":"'download from iBoxx'!L73","v":45482216797.099998},{"$f":"'download from iBoxx'!M73","v":3.86},{"$f":"'download from iBoxx'!N73","v":11.28},{"$f":"'download from iBoxx'!O73","v":174.73}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A74","v":"2015-03-05"},{"$f":"'download from iBoxx'!B74","v":"EOD"},{"$f":"'download from iBoxx'!C74","v":17.84},{"$f":"'download from iBoxx'!D74","v":130.12},{"$f":"'download from iBoxx'!E74","v":376.31180000000001},{"$f":"'download from iBoxx'!F74","v":117.12},{"$f":"'download from iBoxx'!G74","v":0.91},{"$f":"'download from iBoxx'!H74","v":0},{"$f":"'download from iBoxx'!I74","v":0.91},{"$f":"'download from iBoxx'!J74","v":44923526845.040001},{"$f":"'download from iBoxx'!K74","v":36031274000},{"$f":"'download from iBoxx'!L74","v":45482216797.099998},{"$f":"'download from iBoxx'!M74","v":3.79},{"$f":"'download from iBoxx'!N74","v":11.33},{"$f":"'download from iBoxx'!O74","v":176.7}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A75","v":"2015-03-04"},{"$f":"'download from iBoxx'!B75","v":"EOD"},{"$f":"'download from iBoxx'!C75","v":17.84},{"$f":"'download from iBoxx'!D75","v":129.88},{"$f":"'download from iBoxx'!E75","v":375.56729999999999},{"$f":"'download from iBoxx'!F75","v":116.89},{"$f":"'download from iBoxx'!G75","v":0.91},{"$f":"'download from iBoxx'!H75","v":0},{"$f":"'download from iBoxx'!I75","v":0.91},{"$f":"'download from iBoxx'!J75","v":44834572534.190002},{"$f":"'download from iBoxx'!K75","v":36031274000},{"$f":"'download from iBoxx'!L75","v":45482216797.099998},{"$f":"'download from iBoxx'!M75","v":3.81},{"$f":"'download from iBoxx'!N75","v":11.32},{"$f":"'download from iBoxx'!O75","v":176.21}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A76","v":"2015-03-03"},{"$f":"'download from iBoxx'!B76","v":"EOD"},{"$f":"'download from iBoxx'!C76","v":17.850000000000001},{"$f":"'download from iBoxx'!D76","v":130.4},{"$f":"'download from iBoxx'!E76","v":377.00909999999999},{"$f":"'download from iBoxx'!F76","v":117.34},{"$f":"'download from iBoxx'!G76","v":0.91},{"$f":"'download from iBoxx'!H76","v":0},{"$f":"'download from iBoxx'!I76","v":0.91},{"$f":"'download from iBoxx'!J76","v":45006837977.290001},{"$f":"'download from iBoxx'!K76","v":36031274000},{"$f":"'download from iBoxx'!L76","v":45482216797.099998},{"$f":"'download from iBoxx'!M76","v":3.77},{"$f":"'download from iBoxx'!N76","v":11.34},{"$f":"'download from iBoxx'!O76","v":176.04}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A77","v":"2015-03-02"},{"$f":"'download from iBoxx'!B77","v":"EOD"},{"$f":"'download from iBoxx'!C77","v":17.850000000000001},{"$f":"'download from iBoxx'!D77","v":131.5},{"$f":"'download from iBoxx'!E77","v":380.0478},{"$f":"'download from iBoxx'!F77","v":118.29},{"$f":"'download from iBoxx'!G77","v":0.91},{"$f":"'download from iBoxx'!H77","v":0},{"$f":"'download from iBoxx'!I77","v":0.91},{"$f":"'download from iBoxx'!J77","v":45369896313.040001},{"$f":"'download from iBoxx'!K77","v":36031274000},{"$f":"'download from iBoxx'!L77","v":45482216797.099998},{"$f":"'download from iBoxx'!M77","v":3.7},{"$f":"'download from iBoxx'!N77","v":11.39},{"$f":"'download from iBoxx'!O77","v":178.22}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A78","v":"2015-02-28"},{"$f":"'download from iBoxx'!B78","v":"EOD"},{"$f":"'download from iBoxx'!C78","v":16.84},{"$f":"'download from iBoxx'!D78","v":131.75},{"$f":"'download from iBoxx'!E78","v":380.67090000000002},{"$f":"'download from iBoxx'!F78","v":118.58},{"$f":"'download from iBoxx'!G78","v":0.81},{"$f":"'download from iBoxx'!H78","v":0},{"$f":"'download from iBoxx'!I78","v":0.81},{"$f":"'download from iBoxx'!J78","v":41991936297.110001},{"$f":"'download from iBoxx'!K78","v":33831274000},{"$f":"'download from iBoxx'!L78","v":43897388969.260002},{"$f":"'download from iBoxx'!M78","v":3.77},{"$f":"'download from iBoxx'!N78","v":11},{"$f":"'download from iBoxx'!O78","v":187.21}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A79","v":"2015-02-27"},{"$f":"'download from iBoxx'!B79","v":"EOD"},{"$f":"'download from iBoxx'!C79","v":16.84},{"$f":"'download from iBoxx'!D79","v":131.75},{"$f":"'download from iBoxx'!E79","v":380.62389999999999},{"$f":"'download from iBoxx'!F79","v":118.56},{"$f":"'download from iBoxx'!G79","v":0.81},{"$f":"'download from iBoxx'!H79","v":0},{"$f":"'download from iBoxx'!I79","v":0.81},{"$f":"'download from iBoxx'!J79","v":41986742021.660004},{"$f":"'download from iBoxx'!K79","v":33831274000},{"$f":"'download from iBoxx'!L79","v":43897388969.260002},{"$f":"'download from iBoxx'!M79","v":3.77},{"$f":"'download from iBoxx'!N79","v":11.01},{"$f":"'download from iBoxx'!O79","v":187.24}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A80","v":"2015-02-26"},{"$f":"'download from iBoxx'!B80","v":"EOD"},{"$f":"'download from iBoxx'!C80","v":16.850000000000001},{"$f":"'download from iBoxx'!D80","v":132.55000000000001},{"$f":"'download from iBoxx'!E80","v":382.81549999999999},{"$f":"'download from iBoxx'!F80","v":119.25},{"$f":"'download from iBoxx'!G80","v":0.81},{"$f":"'download from iBoxx'!H80","v":0},{"$f":"'download from iBoxx'!I80","v":0.81},{"$f":"'download from iBoxx'!J80","v":42228895303.489998},{"$f":"'download from iBoxx'!K80","v":33831274000},{"$f":"'download from iBoxx'!L80","v":43897388969.260002},{"$f":"'download from iBoxx'!M80","v":3.72},{"$f":"'download from iBoxx'!N80","v":11.04},{"$f":"'download from iBoxx'!O80","v":186.36}]
[]
[]
[null,null,null,"iBoxx £ Non-Financials A 10+"]
[]
[null,null,null,null,"Fixing ",null,"EU_EOD",null,{"$f":"K166","v":"2015-03-25"}]
[null,null,null,null,"Index ",null,null,null,"iBoxx £ Non-Financials A 10+"]
[null,null,null,null,"ISIN TRi ",null,null,null,"DE000A0JY837"]
[null,null,null,null,null,null,null,null,"DE000A0JY837"]
[null,null,null,null,null,null,null,null,null,null,"DATE","FIXINGFLAG","Years to Maturity / Expected Remaining Life","Price Return Index Level","Total Return Index Level","Gross Price Index Level","Coupon Income Index Level","Redemption Income Index Level","Income Index Level","Market Value","Nominal Value","Base Market Value","Annual Yield in %","Annual Modified Duration","Index Asset Swap Margin"]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A89","v":"2015-03-25"},{"$f":"'download from iBoxx'!B89","v":"EOD"},{"$f":"'download from iBoxx'!C89","v":22.76},{"$f":"'download from iBoxx'!D89","v":142.47},{"$f":"'download from iBoxx'!E89","v":383.27260000000001},{"$f":"'download from iBoxx'!F89","v":144.16999999999999},{"$f":"'download from iBoxx'!G89","v":0.81},{"$f":"'download from iBoxx'!H89","v":0},{"$f":"'download from iBoxx'!I89","v":0.81},{"$f":"'download from iBoxx'!J89","v":62139042269.870003},{"$f":"'download from iBoxx'!K89","v":46881056000},{"$f":"'download from iBoxx'!L89","v":60757357299.779999},{"$f":"'download from iBoxx'!M89","v":3.37},{"$f":"'download from iBoxx'!N89","v":13.04},{"$f":"'download from iBoxx'!O89","v":180.12}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A90","v":"2015-03-24"},{"$f":"'download from iBoxx'!B90","v":"EOD"},{"$f":"'download from iBoxx'!C90","v":22.77},{"$f":"'download from iBoxx'!D90","v":142.04},{"$f":"'download from iBoxx'!E90","v":382.11360000000002},{"$f":"'download from iBoxx'!F90","v":143.72999999999999},{"$f":"'download from iBoxx'!G90","v":0.81},{"$f":"'download from iBoxx'!H90","v":0},{"$f":"'download from iBoxx'!I90","v":0.81},{"$f":"'download from iBoxx'!J90","v":61950840645.540001},{"$f":"'download from iBoxx'!K90","v":46881056000},{"$f":"'download from iBoxx'!L90","v":60757357299.779999},{"$f":"'download from iBoxx'!M90","v":3.39},{"$f":"'download from iBoxx'!N90","v":13.02},{"$f":"'download from iBoxx'!O90","v":178.74}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A91","v":"2015-03-23"},{"$f":"'download from iBoxx'!B91","v":"EOD"},{"$f":"'download from iBoxx'!C91","v":22.77},{"$f":"'download from iBoxx'!D91","v":142.04},{"$f":"'download from iBoxx'!E91","v":382.0616},{"$f":"'download from iBoxx'!F91","v":143.71},{"$f":"'download from iBoxx'!G91","v":0.81},{"$f":"'download from iBoxx'!H91","v":0},{"$f":"'download from iBoxx'!I91","v":0.81},{"$f":"'download from iBoxx'!J91","v":61942399108.800003},{"$f":"'download from iBoxx'!K91","v":46881056000},{"$f":"'download from iBoxx'!L91","v":60757357299.779999},{"$f":"'download from iBoxx'!M91","v":3.39},{"$f":"'download from iBoxx'!N91","v":13.02},{"$f":"'download from iBoxx'!O91","v":178.98}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A92","v":"2015-03-20"},{"$f":"'download from iBoxx'!B92","v":"EOD"},{"$f":"'download from iBoxx'!C92","v":22.78},{"$f":"'download from iBoxx'!D92","v":142},{"$f":"'download from iBoxx'!E92","v":381.839},{"$f":"'download from iBoxx'!F92","v":143.63},{"$f":"'download from iBoxx'!G92","v":0.81},{"$f":"'download from iBoxx'!H92","v":0},{"$f":"'download from iBoxx'!I92","v":0.81},{"$f":"'download from iBoxx'!J92","v":61906259572.769997},{"$f":"'download from iBoxx'!K92","v":46881056000},{"$f":"'download from iBoxx'!L92","v":60757357299.779999},{"$f":"'download from iBoxx'!M92","v":3.39},{"$f":"'download from iBoxx'!N92","v":13.03},{"$f":"'download from iBoxx'!O92","v":180.53}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A93","v":"2015-03-19"},{"$f":"'download from iBoxx'!B93","v":"EOD"},{"$f":"'download from iBoxx'!C93","v":22.78},{"$f":"'download from iBoxx'!D93","v":141.82},{"$f":"'download from iBoxx'!E93","v":381.31209999999999},{"$f":"'download from iBoxx'!F93","v":143.43},{"$f":"'download from iBoxx'!G93","v":0.81},{"$f":"'download from iBoxx'!H93","v":0},{"$f":"'download from iBoxx'!I93","v":0.81},{"$f":"'download from iBoxx'!J93","v":61820695260.620003},{"$f":"'download from iBoxx'!K93","v":46881056000},{"$f":"'download from iBoxx'!L93","v":60757357299.779999},{"$f":"'download from iBoxx'!M93","v":3.4},{"$f":"'download from iBoxx'!N93","v":13.03},{"$f":"'download from iBoxx'!O93","v":179.35}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A94","v":"2015-03-18"},{"$f":"'download from iBoxx'!B94","v":"EOD"},{"$f":"'download from iBoxx'!C94","v":22.78},{"$f":"'download from iBoxx'!D94","v":140.36000000000001},{"$f":"'download from iBoxx'!E94","v":377.42349999999999},{"$f":"'download from iBoxx'!F94","v":141.97},{"$f":"'download from iBoxx'!G94","v":0.81},{"$f":"'download from iBoxx'!H94","v":0},{"$f":"'download from iBoxx'!I94","v":0.81},{"$f":"'download from iBoxx'!J94","v":61189281393.540001},{"$f":"'download from iBoxx'!K94","v":46881056000},{"$f":"'download from iBoxx'!L94","v":60757357299.779999},{"$f":"'download from iBoxx'!M94","v":3.48},{"$f":"'download from iBoxx'!N94","v":12.95},{"$f":"'download from iBoxx'!O94","v":177.48}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A95","v":"2015-03-17"},{"$f":"'download from iBoxx'!B95","v":"EOD"},{"$f":"'download from iBoxx'!C95","v":22.78},{"$f":"'download from iBoxx'!D95","v":139.46},{"$f":"'download from iBoxx'!E95","v":375.01069999999999},{"$f":"'download from iBoxx'!F95","v":141.06},{"$f":"'download from iBoxx'!G95","v":0.81},{"$f":"'download from iBoxx'!H95","v":0},{"$f":"'download from iBoxx'!I95","v":0.81},{"$f":"'download from iBoxx'!J95","v":60797481047.330002},{"$f":"'download from iBoxx'!K95","v":46881056000},{"$f":"'download from iBoxx'!L95","v":60757357299.779999},{"$f":"'download from iBoxx'!M95","v":3.53},{"$f":"'download from iBoxx'!N95","v":12.91},{"$f":"'download from iBoxx'!O95","v":173.81}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A96","v":"2015-03-16"},{"$f":"'download from iBoxx'!B96","v":"EOD"},{"$f":"'download from iBoxx'!C96","v":22.79},{"$f":"'download from iBoxx'!D96","v":139.4},{"$f":"'download from iBoxx'!E96","v":374.80560000000003},{"$f":"'download from iBoxx'!F96","v":140.97999999999999},{"$f":"'download from iBoxx'!G96","v":0.81},{"$f":"'download from iBoxx'!H96","v":0},{"$f":"'download from iBoxx'!I96","v":0.81},{"$f":"'download from iBoxx'!J96","v":60764178052.099998},{"$f":"'download from iBoxx'!K96","v":46881056000},{"$f":"'download from iBoxx'!L96","v":60757357299.779999},{"$f":"'download from iBoxx'!M96","v":3.53},{"$f":"'download from iBoxx'!N96","v":12.91},{"$f":"'download from iBoxx'!O96","v":175.82}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A97","v":"2015-03-13"},{"$f":"'download from iBoxx'!B97","v":"EOD"},{"$f":"'download from iBoxx'!C97","v":22.8},{"$f":"'download from iBoxx'!D97","v":138.91999999999999},{"$f":"'download from iBoxx'!E97","v":373.42439999999999},{"$f":"'download from iBoxx'!F97","v":140.46},{"$f":"'download from iBoxx'!G97","v":0.81},{"$f":"'download from iBoxx'!H97","v":0},{"$f":"'download from iBoxx'!I97","v":0.81},{"$f":"'download from iBoxx'!J97","v":60539911262.260002},{"$f":"'download from iBoxx'!K97","v":46881056000},{"$f":"'download from iBoxx'!L97","v":60757357299.779999},{"$f":"'download from iBoxx'!M97","v":3.56},{"$f":"'download from iBoxx'!N97","v":12.89},{"$f":"'download from iBoxx'!O97","v":175.09}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A98","v":"2015-03-12"},{"$f":"'download from iBoxx'!B98","v":"EOD"},{"$f":"'download from iBoxx'!C98","v":22.8},{"$f":"'download from iBoxx'!D98","v":138.79},{"$f":"'download from iBoxx'!E98","v":373.03710000000001},{"$f":"'download from iBoxx'!F98","v":140.38999999999999},{"$f":"'download from iBoxx'!G98","v":0.74},{"$f":"'download from iBoxx'!H98","v":0},{"$f":"'download from iBoxx'!I98","v":0.74},{"$f":"'download from iBoxx'!J98","v":60509833007.489998},{"$f":"'download from iBoxx'!K98","v":46881056000},{"$f":"'download from iBoxx'!L98","v":60757357299.779999},{"$f":"'download from iBoxx'!M98","v":3.57},{"$f":"'download from iBoxx'!N98","v":12.89},{"$f":"'download from iBoxx'!O98","v":169.57}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A99","v":"2015-03-11"},{"$f":"'download from iBoxx'!B99","v":"EOD"},{"$f":"'download from iBoxx'!C99","v":22.8},{"$f":"'download from iBoxx'!D99","v":137.66},{"$f":"'download from iBoxx'!E99","v":370.01190000000003},{"$f":"'download from iBoxx'!F99","v":139.25},{"$f":"'download from iBoxx'!G99","v":0.74},{"$f":"'download from iBoxx'!H99","v":0},{"$f":"'download from iBoxx'!I99","v":0.74},{"$f":"'download from iBoxx'!J99","v":60018607734.559998},{"$f":"'download from iBoxx'!K99","v":46881056000},{"$f":"'download from iBoxx'!L99","v":60757357299.779999},{"$f":"'download from iBoxx'!M99","v":3.63},{"$f":"'download from iBoxx'!N99","v":12.83},{"$f":"'download from iBoxx'!O99","v":164.62}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A100","v":"2015-03-10"},{"$f":"'download from iBoxx'!B100","v":"EOD"},{"$f":"'download from iBoxx'!C100","v":22.8},{"$f":"'download from iBoxx'!D100","v":137.61000000000001},{"$f":"'download from iBoxx'!E100","v":369.84219999999999},{"$f":"'download from iBoxx'!F100","v":139.19},{"$f":"'download from iBoxx'!G100","v":0.74},{"$f":"'download from iBoxx'!H100","v":0},{"$f":"'download from iBoxx'!I100","v":0.74},{"$f":"'download from iBoxx'!J100","v":59991053022.949997},{"$f":"'download from iBoxx'!K100","v":46881056000},{"$f":"'download from iBoxx'!L100","v":60757357299.779999},{"$f":"'download from iBoxx'!M100","v":3.63},{"$f":"'download from iBoxx'!N100","v":12.83},{"$f":"'download from iBoxx'!O100","v":163.24}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A101","v":"2015-03-09"},{"$f":"'download from iBoxx'!B101","v":"EOD"},{"$f":"'download from iBoxx'!C101","v":22.81},{"$f":"'download from iBoxx'!D101","v":136.08000000000001},{"$f":"'download from iBoxx'!E101","v":365.76600000000002},{"$f":"'download from iBoxx'!F101","v":137.68},{"$f":"'download from iBoxx'!G101","v":0.71},{"$f":"'download from iBoxx'!H101","v":0},{"$f":"'download from iBoxx'!I101","v":0.71},{"$f":"'download from iBoxx'!J101","v":59339904237.099998},{"$f":"'download from iBoxx'!K101","v":46881056000},{"$f":"'download from iBoxx'!L101","v":60757357299.779999},{"$f":"'download from iBoxx'!M101","v":3.72},{"$f":"'download from iBoxx'!N101","v":12.76},{"$f":"'download from iBoxx'!O101","v":159.65}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A102","v":"2015-03-06"},{"$f":"'download from iBoxx'!B102","v":"EOD"},{"$f":"'download from iBoxx'!C102","v":22.81},{"$f":"'download from iBoxx'!D102","v":136.02000000000001},{"$f":"'download from iBoxx'!E102","v":365.48399999999998},{"$f":"'download from iBoxx'!F102","v":137.66999999999999},{"$f":"'download from iBoxx'!G102","v":0.61},{"$f":"'download from iBoxx'!H102","v":0},{"$f":"'download from iBoxx'!I102","v":0.61},{"$f":"'download from iBoxx'!J102","v":59338750323.059998},{"$f":"'download from iBoxx'!K102","v":46881056000},{"$f":"'download from iBoxx'!L102","v":60757357299.779999},{"$f":"'download from iBoxx'!M102","v":3.72},{"$f":"'download from iBoxx'!N102","v":12.75},{"$f":"'download from iBoxx'!O102","v":159.22999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A103","v":"2015-03-05"},{"$f":"'download from iBoxx'!B103","v":"EOD"},{"$f":"'download from iBoxx'!C103","v":22.82},{"$f":"'download from iBoxx'!D103","v":137.33000000000001},{"$f":"'download from iBoxx'!E103","v":368.88150000000002},{"$f":"'download from iBoxx'!F103","v":138.94999999999999},{"$f":"'download from iBoxx'!G103","v":0.61},{"$f":"'download from iBoxx'!H103","v":0},{"$f":"'download from iBoxx'!I103","v":0.61},{"$f":"'download from iBoxx'!J103","v":59890421143.309998},{"$f":"'download from iBoxx'!K103","v":46881056000},{"$f":"'download from iBoxx'!L103","v":60757357299.779999},{"$f":"'download from iBoxx'!M103","v":3.65},{"$f":"'download from iBoxx'!N103","v":12.82},{"$f":"'download from iBoxx'!O103","v":161.69999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A104","v":"2015-03-04"},{"$f":"'download from iBoxx'!B104","v":"EOD"},{"$f":"'download from iBoxx'!C104","v":22.82},{"$f":"'download from iBoxx'!D104","v":137.16999999999999},{"$f":"'download from iBoxx'!E104","v":368.42869999999999},{"$f":"'download from iBoxx'!F104","v":138.78},{"$f":"'download from iBoxx'!G104","v":0.61},{"$f":"'download from iBoxx'!H104","v":0},{"$f":"'download from iBoxx'!I104","v":0.61},{"$f":"'download from iBoxx'!J104","v":59816891884.349998},{"$f":"'download from iBoxx'!K104","v":46881056000},{"$f":"'download from iBoxx'!L104","v":60757357299.779999},{"$f":"'download from iBoxx'!M104","v":3.66},{"$f":"'download from iBoxx'!N104","v":12.82},{"$f":"'download from iBoxx'!O104","v":160.44}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A105","v":"2015-03-03"},{"$f":"'download from iBoxx'!B105","v":"EOD"},{"$f":"'download from iBoxx'!C105","v":22.82},{"$f":"'download from iBoxx'!D105","v":137.80000000000001},{"$f":"'download from iBoxx'!E105","v":370.0369},{"$f":"'download from iBoxx'!F105","v":139.38999999999999},{"$f":"'download from iBoxx'!G105","v":0.61},{"$f":"'download from iBoxx'!H105","v":0},{"$f":"'download from iBoxx'!I105","v":0.61},{"$f":"'download from iBoxx'!J105","v":60078039391.419998},{"$f":"'download from iBoxx'!K105","v":46881056000},{"$f":"'download from iBoxx'!L105","v":60757357299.779999},{"$f":"'download from iBoxx'!M105","v":3.62},{"$f":"'download from iBoxx'!N105","v":12.85},{"$f":"'download from iBoxx'!O105","v":160.22999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A106","v":"2015-03-02"},{"$f":"'download from iBoxx'!B106","v":"EOD"},{"$f":"'download from iBoxx'!C106","v":22.83},{"$f":"'download from iBoxx'!D106","v":139.06},{"$f":"'download from iBoxx'!E106","v":373.30779999999999},{"$f":"'download from iBoxx'!F106","v":140.62},{"$f":"'download from iBoxx'!G106","v":0.61},{"$f":"'download from iBoxx'!H106","v":0},{"$f":"'download from iBoxx'!I106","v":0.61},{"$f":"'download from iBoxx'!J106","v":60609165948.139999},{"$f":"'download from iBoxx'!K106","v":46881056000},{"$f":"'download from iBoxx'!L106","v":60757357299.779999},{"$f":"'download from iBoxx'!M106","v":3.55},{"$f":"'download from iBoxx'!N106","v":12.93},{"$f":"'download from iBoxx'!O106","v":162.97999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A107","v":"2015-02-28"},{"$f":"'download from iBoxx'!B107","v":"EOD"},{"$f":"'download from iBoxx'!C107","v":23.01},{"$f":"'download from iBoxx'!D107","v":139.41999999999999},{"$f":"'download from iBoxx'!E107","v":374.17079999999999},{"$f":"'download from iBoxx'!F107","v":140.96},{"$f":"'download from iBoxx'!G107","v":0.59},{"$f":"'download from iBoxx'!H107","v":0},{"$f":"'download from iBoxx'!I107","v":0.59},{"$f":"'download from iBoxx'!J107","v":65815659917.830002},{"$f":"'download from iBoxx'!K107","v":50899279000},{"$f":"'download from iBoxx'!L107","v":69498027358.059998},{"$f":"'download from iBoxx'!M107","v":3.57},{"$f":"'download from iBoxx'!N107","v":13.02},{"$f":"'download from iBoxx'!O107","v":169.06}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A108","v":"2015-02-27"},{"$f":"'download from iBoxx'!B108","v":"EOD"},{"$f":"'download from iBoxx'!C108","v":23.01},{"$f":"'download from iBoxx'!D108","v":139.41999999999999},{"$f":"'download from iBoxx'!E108","v":374.12759999999997},{"$f":"'download from iBoxx'!F108","v":140.96},{"$f":"'download from iBoxx'!G108","v":0.56999999999999995},{"$f":"'download from iBoxx'!H108","v":0},{"$f":"'download from iBoxx'!I108","v":0.56999999999999995},{"$f":"'download from iBoxx'!J108","v":65815544146.230003},{"$f":"'download from iBoxx'!K108","v":50899279000},{"$f":"'download from iBoxx'!L108","v":69498027358.059998},{"$f":"'download from iBoxx'!M108","v":3.57},{"$f":"'download from iBoxx'!N108","v":13.03},{"$f":"'download from iBoxx'!O108","v":169.08}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from iBoxx'!A109","v":"2015-02-26"},{"$f":"'download from iBoxx'!B109","v":"EOD"},{"$f":"'download from iBoxx'!C109","v":23.02},{"$f":"'download from iBoxx'!D109","v":140.5},{"$f":"'download from iBoxx'!E109","v":376.93279999999999},{"$f":"'download from iBoxx'!F109","v":142.02000000000001},{"$f":"'download from iBoxx'!G109","v":0.56999999999999995},{"$f":"'download from iBoxx'!H109","v":0},{"$f":"'download from iBoxx'!I109","v":0.56999999999999995},{"$f":"'download from iBoxx'!J109","v":66309632824.900002},{"$f":"'download from iBoxx'!K109","v":50899279000},{"$f":"'download from iBoxx'!L109","v":69498027358.059998},{"$f":"'download from iBoxx'!M109","v":3.51},{"$f":"'download from iBoxx'!N109","v":13.09},{"$f":"'download from iBoxx'!O109","v":168.04}]
[]
[]
[]
[]
[null,null,"Bank of England"]
[]
[null,null,null,"Monthly UK Govt yields"]
[]
[null,null,null,null,"SERIES",null,"DESCRIPTION",null,{"$f":"K318","v":"2014-09-30"}]
[null,null,null,null,"IUMAMRZC",null,"Monthly average yield from British Government Securities - 10 year Real Zero Coupon"]
[]
[null,null,null,null,null,null,null,null,null,null,"DATE","IUMAMRZC"]
[null,null,null,null,null,null,null,null,null,null,"2004-10-31",1.8876999999999999,"2005-04-30",1.7638]
[null,null,null,null,null,null,null,null,null,null,"2004-11-30",1.8754999999999999,"2005-05-31",1.6959]
[null,null,null,null,null,null,null,null,null,null,"2004-12-31",1.7552000000000001,"2005-06-30",1.6497999999999999]
[null,null,null,null,null,null,null,null,null,null,"2005-01-31",1.7474000000000001,"2005-07-31",1.6469]
[null,null,null,null,null,null,null,null,null,null,"2005-02-28",1.77,"2005-08-31",1.6094999999999999]
[null,null,null,null,null,null,null,null,null,null,"2005-03-31",1.8740000000000001,"2005-09-30",1.5097]
[null,null,null,null,null,null,null,null,null,null,"2005-04-30",1.7638,"2005-10-31",1.5665]
[null,null,null,null,null,null,null,null,null,null,"2005-05-31",1.6959,"2005-11-30",1.5409999999999999]
[null,null,null,null,null,null,null,null,null,null,"2005-06-30",1.6497999999999999,"2005-12-31",1.4668000000000001]
[null,null,null,null,null,null,null,null,null,null,"2005-07-31",1.6469,"2006-01-31",1.2921]
[null,null,null,null,null,null,null,null,null,null,"2005-08-31",1.6094999999999999,"2006-02-28",1.3237000000000001]
[null,null,null,null,null,null,null,null,null,null,"2005-09-30",1.5097,"2006-03-31",1.4135]
[null,null,null,null,null,null,null,null,null,null,"2005-10-31",1.5665,"2006-04-30",1.542]
[null,null,null,null,null,null,null,null,null,null,"2005-11-30",1.5409999999999999,"2006-05-31",1.6291]
[null,null,null,null,null,null,null,null,null,null,"2005-12-31",1.4668000000000001,"2006-06-30",1.6832]
[null,null,null,null,null,null,null,null,null,null,"2006-01-31",1.2921,"2006-07-31",1.6456999999999999]
[null,null,null,null,null,null,null,null,null,null,"2006-02-28",1.3237000000000001,"2006-08-31",1.5515000000000001]
[null,null,null,null,null,null,null,null,null,null,"2006-03-31",1.4135,"2006-09-30",1.4912000000000001]
[null,null,null,null,null,null,null,null,null,null,"2006-04-30",1.542,"2006-10-31",1.5738000000000001]
[null,null,null,null,null,null,null,null,null,null,"2006-05-31",1.6291,"2006-11-30",1.4736]
[null,null,null,null,null,null,null,null,null,null,"2006-06-30",1.6832,"2006-12-31",1.5561]
[null,null,null,null,null,null,null,null,null,null,"2006-07-31",1.6456999999999999,"2007-01-31",1.7848999999999999]
[null,null,null,null,null,null,null,null,null,null,"2006-08-31",1.5515000000000001,"2007-02-28",1.7983]
[null,null,null,null,null,null,null,null,null,null,"2006-09-30",1.4912000000000001,"2007-03-31",1.7001999999999999]
[null,null,null,null,null,null,null,null,null,null,"2006-10-31",1.5738000000000001,"2007-04-30",1.9068000000000001]
[null,null,null,null,null,null,null,null,null,null,"2006-11-30",1.4736,"2007-05-31",2.0466000000000002]
[null,null,null,null,null,null,null,null,null,null,"2006-12-31",1.5561,"2007-06-30",2.2101000000000002]
[null,null,null,null,null,null,null,null,null,null,"2007-01-31",1.7848999999999999,"2007-07-31",2.1934]
[null,null,null,null,null,null,null,null,null,null,"2007-02-28",1.7983,"2007-08-31",1.9665999999999999]
[null,null,null,null,null,null,null,null,null,null,"2007-03-31",1.7001999999999999,"2007-09-30",1.7894000000000001]
[null,null,null,null,null,null,null,null,null,null,"2007-04-30",1.9068000000000001,"2007-10-31",1.7455000000000001]
[null,null,null,null,null,null,null,null,null,null,"2007-05-31",2.0466000000000002,"2007-11-30",1.4823]
[null,null,null,null,null,null,null,null,null,null,"2007-06-30",2.2101000000000002,"2007-12-31",1.4983]
[null,null,null,null,null,null,null,null,null,null,"2007-07-31",2.1934,"2008-01-31",1.3031999999999999]
[null,null,null,null,null,null,null,null,null,null,"2007-08-31",1.9665999999999999,"2008-02-29",1.3275999999999999]
[null,null,null,null,null,null,null,null,null,null,"2007-09-30",1.7894000000000001,"2008-03-31",1.0236000000000001]
[null,null,null,null,null,null,null,null,null,null,"2007-10-31",1.7455000000000001,"2008-04-30",1.2032]
[null,null,null,null,null,null,null,null,null,null,"2007-11-30",1.4823,"2008-05-31",1.3612]
[null,null,null,null,null,null,null,null,null,null,"2007-12-31",1.4983,"2008-06-30",1.3581000000000001]
[null,null,null,null,null,null,null,null,null,null,"2008-01-31",1.3031999999999999,"2008-07-31",1.2887]
[null,null,null,null,null,null,null,null,null,null,"2008-02-29",1.3275999999999999,"2008-08-31",1.1652]
[null,null,null,null,null,null,null,null,null,null,"2008-03-31",1.0236000000000001,"2008-09-30",1.2511000000000001]
[null,null,null,null,null,null,null,null,null,null,"2008-04-30",1.2032,"2008-10-31",2.0565000000000002]
[null,null,null,null,null,null,null,null,null,null,"2008-05-31",1.3612,"2008-11-30",2.58]
[null,null,null,null,null,null,null,null,null,null,"2008-06-30",1.3581000000000001,"2008-12-31",2.1901000000000002]
[null,null,null,null,null,null,null,null,null,null,"2008-07-31",1.2887,"2009-01-31",1.5257000000000001]
[null,null,null,null,null,null,null,null,null,null,"2008-08-31",1.1652,"2009-02-28",1.2501]
[null,null,null,null,null,null,null,null,null,null,"2008-09-30",1.2511000000000001,"2009-03-31",1.1901999999999999]
[null,null,null,null,null,null,null,null,null,null,"2008-10-31",2.0565000000000002,"2009-04-30",1.0831999999999999]
[null,null,null,null,null,null,null,null,null,null,"2008-11-30",2.58,"2009-05-31",1.0904]
[null,null,null,null,null,null,null,null,null,null,"2008-12-31",2.1901000000000002,"2009-06-30",1.0821000000000001]
[null,null,null,null,null,null,null,null,null,null,"2009-01-31",1.5257000000000001,"2009-07-31",1.2284999999999999]
[null,null,null,null,null,null,null,null,null,null,"2009-02-28",1.2501,"2009-08-31",1.1561999999999999]
[null,null,null,null,null,null,null,null,null,null,"2009-03-31",1.1901999999999999,"2009-09-30",1.0559000000000001]
[null,null,null,null,null,null,null,null,null,null,"2009-04-30",1.0831999999999999,"2009-10-31",0.70299999999999996]
[null,null,null,null,null,null,null,null,null,null,"2009-05-31",1.0904,"2009-11-30",0.77400000000000002]
[null,null,null,null,null,null,null,null,null,null,"2009-06-30",1.0821000000000001,"2009-12-31",0.80459999999999998]
[null,null,null,null,null,null,null,null,null,null,"2009-07-31",1.2284999999999999,"2010-01-31",0.82369999999999999]
[null,null,null,null,null,null,null,null,null,null,"2009-08-31",1.1561999999999999,"2010-02-28",0.96079999999999999]
[null,null,null,null,null,null,null,null,null,null,"2009-09-30",1.0559000000000001,"2010-03-31",0.8276]
[null,null,null,null,null,null,null,null,null,null,"2009-10-31",0.70299999999999996,"2010-04-30",0.71179999999999999]
[null,null,null,null,null,null,null,null,null,null,"2009-11-30",0.77400000000000002,"2010-05-31",0.72640000000000005]
[null,null,null,null,null,null,null,null,null,null,"2009-12-31",0.80459999999999998,"2010-06-30",0.7631]
[null,null,null,null,null,null,null,null,null,null,"2010-01-31",0.82369999999999999,"2010-07-31",0.84330000000000005]
[null,null,null,null,null,null,null,null,null,null,"2010-02-28",0.96079999999999999,"2010-08-31",0.65349999999999997]
[null,null,null,null,null,null,null,null,null,null,"2010-03-31",0.8276,"2010-09-30",0.46279999999999999]
[null,null,null,null,null,null,null,null,null,null,"2010-04-30",0.71179999999999999,"2010-10-31",0.3775]
[null,null,null,null,null,null,null,null,null,null,"2010-05-31",0.72640000000000005,"2010-11-30",0.48149999999999998]
[null,null,null,null,null,null,null,null,null,null,"2010-06-30",0.7631,"2010-12-31",0.6754]
[null,null,null,null,null,null,null,null,null,null,"2010-07-31",0.84330000000000005,"2011-01-31",0.63529999999999998]
[null,null,null,null,null,null,null,null,null,null,"2010-08-31",0.65349999999999997,"2011-02-28",0.72030000000000005]
[null,null,null,null,null,null,null,null,null,null,"2010-09-30",0.46279999999999999,"2011-03-31",0.54239999999999999]
[null,null,null,null,null,null,null,null,null,null,"2010-10-31",0.3775,"2011-04-30",0.56989999999999996]
[null,null,null,null,null,null,null,null,null,null,"2010-11-30",0.48149999999999998,"2011-05-31",0.41039999999999999]
[null,null,null,null,null,null,null,null,null,null,"2010-12-31",0.6754,"2011-06-30",0.2576]
[null,null,null,null,null,null,null,null,null,null,"2011-01-31",0.63529999999999998,"2011-07-31",0.19270000000000001]
[null,null,null,null,null,null,null,null,null,null,"2011-02-28",0.72030000000000005,"2011-08-31",-0.14419999999999999]
[null,null,null,null,null,null,null,null,null,null,"2011-03-31",0.54239999999999999,"2011-09-30",-0.20710000000000001]
[null,null,null,null,null,null,null,null,null,null,"2011-04-30",0.56989999999999996,"2011-10-31",-0.1245]
[null,null,null,null,null,null,null,null,null,null,"2011-05-31",0.41039999999999999,"2011-11-30",-0.31769999999999998]
[null,null,null,null,null,null,null,null,null,null,"2011-06-30",0.2576,"2011-12-31",-0.47499999999999998]
[null,null,null,null,null,null,null,null,null,null,"2011-07-31",0.19270000000000001,"2012-01-31",-0.59150000000000003]
[null,null,null,null,null,null,null,null,null,null,"2011-08-31",-0.14419999999999999,"2012-02-29",-0.57850000000000001]
[null,null,null,null,null,null,null,null,null,null,"2011-09-30",-0.20710000000000001,"2012-03-31",-0.52810000000000001]
[null,null,null,null,null,null,null,null,null,null,"2011-10-31",-0.1245,"2012-04-30",-0.57589999999999997]
[null,null,null,null,null,null,null,null,null,null,"2011-11-30",-0.31769999999999998,"2012-05-31",-0.68440000000000001]
[null,null,null,null,null,null,null,null,null,null,"2011-12-31",-0.47499999999999998,"2012-06-30",-0.59350000000000003]
[null,null,null,null,null,null,null,null,null,null,"2012-01-31",-0.59150000000000003,"2012-07-31",-0.64270000000000005]
[null,null,null,null,null,null,null,null,null,null,"2012-02-29",-0.57850000000000001,"2012-08-31",-0.69440000000000002]
[null,null,null,null,null,null,null,null,null,null,"2012-03-31",-0.52810000000000001,"2012-09-30",-0.66390000000000005]
[null,null,null,null,null,null,null,null,null,null,"2012-04-30",-0.57589999999999997,"2012-10-31",-0.58720000000000006]
[null,null,null,null,null,null,null,null,null,null,"2012-05-31",-0.68440000000000001,"2012-11-30",-0.62829999999999997]
[null,null,null,null,null,null,null,null,null,null,"2012-06-30",-0.59350000000000003,"2012-12-31",-0.72740000000000005]
[null,null,null,null,null,null,null,null,null,null,"2012-07-31",-0.64270000000000005,"2013-01-31",-0.82499999999999996]
[null,null,null,null,null,null,null,null,null,null,"2012-08-31",-0.69440000000000002,"2013-02-28",-1.01]
[null,null,null,null,null,null,null,null,null,null,"2012-09-30",-0.66390000000000005,"2013-03-31",-1.2531000000000001]
[null,null,null,null,null,null,null,null,null,null,"2012-10-31",-0.58720000000000006,"2013-04-30",-1.3223]
[null,null,null,null,null,null,null,null,null,null,"2012-11-30",-0.62829999999999997,"2013-05-31",-1.0738000000000001]
[null,null,null,null,null,null,null,null,null,null,"2012-12-31",-0.72740000000000005,"2013-06-30",-0.63770000000000004]
[null,null,null,null,null,null,null,null,null,null,"2013-01-31",-0.82499999999999996,"2013-07-31",-0.57940000000000003]
[null,null,null,null,null,null,null,null,null,null,"2013-02-28",-1.01,"2013-08-31",-0.37980000000000003]
[null,null,null,null,null,null,null,null,null,null,"2013-03-31",-1.2531000000000001,"2013-09-30",-0.22059999999999999]
[null,null,null,null,null,null,null,null,null,null,"2013-04-30",-1.3223,"2013-10-31",-0.38190000000000002]
[null,null,null,null,null,null,null,null,null,null,"2013-05-31",-1.0738000000000001,"2013-11-30",-0.29830000000000001]
[null,null,null,null,null,null,null,null,null,null,"2013-06-30",-0.63770000000000004,"2013-12-31",-0.19789999999999999]
[null,null,null,null,null,null,null,null,null,null,"2013-07-31",-0.57940000000000003,"2014-01-31",-0.16539999999999999]
[null,null,null,null,null,null,null,null,null,null,"2013-08-31",-0.37980000000000003,"2014-02-28",-0.18970000000000001]
[null,null,null,null,null,null,null,null,null,null,"2013-09-30",-0.22059999999999999,"2014-03-31",-0.3044]
[null,null,null,null,null,null,null,null,null,null,"2013-10-31",-0.38190000000000002,"2014-04-30",-0.35299999999999998]
[null,null,null,null,null,null,null,null,null,null,"2013-11-30",-0.29830000000000001,"2014-05-31",-0.38900000000000001]
[null,null,null,null,null,null,null,null,null,null,"2013-12-31",-0.19789999999999999,"2014-06-30",-0.29599999999999999]
[null,null,null,null,null,null,null,null,null,null,"2014-01-31",-0.16539999999999999,"2014-07-31",-0.31390000000000001]
[null,null,null,null,null,null,null,null,null,null,"2014-02-28",-0.18970000000000001,"2014-08-31",-0.47160000000000002]
[null,null,null,null,null,null,null,null,null,null,"2014-03-31",-0.3044,"2014-09-30",-0.5363]
[null,null,null,null,null,null,null,null,null,null,"2014-04-30",-0.35360000000000003,"2014-10-31",-0.61980000000000002]
[null,null,null,null,null,null,null,null,null,null,"2014-05-31",-0.38900000000000001,"2014-11-30",-0.73839999999999995]
[null,null,null,null,null,null,null,null,null,null,"2014-06-30",-0.29599999999999999,"2014-12-31",-0.93210000000000004]
[null,null,null,null,null,null,null,null,null,null,"2014-07-31",-0.31390000000000001,"2015-01-31",-1.0627]
[null,null,null,null,null,null,null,null,null,null,"2014-08-31",-0.47160000000000002,"2015-02-28",-0.88900000000000001]
[null,null,null,null,null,null,null,null,null,null,"2014-09-30",-0.5363,"2015-03-31",-0.93120000000000003]
[]
[null,null,null,"Daily breakeven UK inflation expectations"]
[]
[null,null,null,null,"SERIES",null,"DESCRIPTION",null,{"$f":"K345","v":"2015-03-25"},null,null,null,null,null,{"$f":"Q345","v":"2014-10-24"}]
[null,null,null,null,"IUDMIZC",null,"Yield from British Government Securities - 10 year Inflation Zero Coupon"]
[]
[null,null,null,null,null,null,null,null,null,null,"DATE","IUDMIZC",null,null,"DATE","IUDMIZC","DATE","IUDMIZC"]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A5","v":"2015-02-26"},{"$f":"'download from BoE'!B5","v":2.7347000000000001},null,null,"2015-01-30",2.4863,"2014-09-29",2.9916]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A6","v":"2015-02-27"},{"$f":"'download from BoE'!B6","v":2.7755999999999998},null,null,"2015-02-02",2.4335,"2014-09-30",2.9773000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A7","v":"2015-03-02"},{"$f":"'download from BoE'!B7","v":2.7719},null,null,"2015-02-03",2.4704000000000002,"2014-10-01",2.9460000000000002]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A8","v":"2015-03-03"},{"$f":"'download from BoE'!B8","v":2.766},null,null,"2015-02-04",2.5188000000000001,"2014-10-02",2.9165000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A9","v":"2015-03-04"},{"$f":"'download from BoE'!B9","v":2.7437999999999998},null,null,"2015-02-05",2.5581,"2014-10-03",2.944]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A10","v":"2015-03-05"},{"$f":"'download from BoE'!B10","v":2.7187000000000001},null,null,"2015-02-06",2.5449999999999999,"2014-10-06",2.9453]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A11","v":"2015-03-06"},{"$f":"'download from BoE'!B11","v":2.7789999999999999},null,null,"2015-02-09",2.5531999999999999,"2014-10-07",2.9215]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A12","v":"2015-03-09"},{"$f":"'download from BoE'!B12","v":2.7612000000000001},null,null,"2015-02-10",2.5295999999999998,"2014-10-08",2.8866000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A13","v":"2015-03-10"},{"$f":"'download from BoE'!B13","v":2.7174999999999998},null,null,"2015-02-11",2.5207000000000002,"2014-10-09",2.8753000000000002]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A14","v":"2015-03-11"},{"$f":"'download from BoE'!B14","v":2.7122000000000002},null,null,"2015-02-12",2.5068000000000001,"2014-10-10",2.8595999999999999]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A15","v":"2015-03-12"},{"$f":"'download from BoE'!B15","v":2.6772999999999998},null,null,"2015-02-13",2.5089999999999999,"2014-10-13",2.8376000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A16","v":"2015-03-13"},{"$f":"'download from BoE'!B16","v":2.6343999999999999},null,null,"2015-02-16",2.5316999999999998,"2014-10-14",2.7982]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A17","v":"2015-03-16"},{"$f":"'download from BoE'!B17","v":2.6067},null,null,"2015-02-17",2.5499000000000001,"2014-10-15",2.7549000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A18","v":"2015-03-17"},{"$f":"'download from BoE'!B18","v":2.6240000000000001},null,null,"2015-02-18",2.6951000000000001,"2014-10-16",2.8193000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A19","v":"2015-03-18"},{"$f":"'download from BoE'!B19","v":2.6597},null,null,"2015-02-19",2.7482000000000002,"2014-10-17",2.9]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A20","v":"2015-03-19"},{"$f":"'download from BoE'!B20","v":2.6850999999999998},null,null,"2015-02-20",2.7477,"2014-10-20",2.9102000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A21","v":"2015-03-20"},{"$f":"'download from BoE'!B21","v":2.7349999999999999},null,null,"2015-02-23",2.7454000000000001,"2014-10-21",2.9281000000000001]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A22","v":"2015-03-23"},{"$f":"'download from BoE'!B22","v":2.7113},null,null,"2015-02-24",2.7618,"2014-10-22",2.948]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A23","v":"2015-03-24"},{"$f":"'download from BoE'!B23","v":2.6979000000000002},null,null,"2015-02-25",2.7437999999999998,"2014-10-23",2.9256000000000002]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A24","v":"2015-03-25"},{"$f":"'download from BoE'!B24","v":2.6951999999999998},null,null,"2015-02-26",2.7198000000000002,"2014-10-24",2.9870000000000001]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"…","…"]
[]
[null,"End of sheet"]

{"sheet":"RPI","index":15,"n_rows":309,"n_cols":50,"rows_kept":309,"cut":false,"hidden":false,"merged":[]}
["TEMPORARY 3"]
[null,null,null,null,"Parameter",null,"Units",null,"Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K3","v":-11},{"$f":"K3 + 1","v":-10},-9,-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K4","v":"2010-12-31"},{"$f":"DATE(YEAR(K4) + 1, MONTH(K4), DAY(K4))","v":"2011-12-31"},"2012-12-31","2013-12-31","2014-12-31","2015-12-31","2016-12-31","2017-12-31","2018-12-31","2019-12-31","2020-12-31","2021-12-31","2022-12-31","2023-12-31","2024-12-31","2025-12-31","2026-12-31","2027-12-31","2028-12-31","2029-12-31","2030-12-31","2031-12-31","2032-12-31","2033-12-31","2034-12-31","2035-12-31","2036-12-31","2037-12-31","2038-12-31","2039-12-31","2040-12-31","2041-12-31","2042-12-31","2043-12-31","2044-12-31","2045-12-31","2046-12-31","2047-12-31","2048-12-31","2049-12-31"]
[]
[null,"Inflation"]
[]
[null,null,"Key index values"]
[]
[null,null,null,null,{"$f":"E146","v":"2015/16 RPI inflation index value (CHAW)"},null,{"$f":"G146","v":"Jan 1987 = 100"},null,{"$f":"I146","v":259.21699999999998}]
[]
[]
[]
[null,null,"UK Inflation"]
[null,null,null,null,"http://www.ons.gov.uk/ons/datasets-and-tables/data-selector.html?cdid=CHAW&dataset=mm23&table-id=2.1"]
[]
[null,null,null,null,"2006 JAN",null,"Jan 1987 = 100",null,193.4,null,0,0,0,0,0,0]
[null,null,null,null,"2006 FEB",null,"Jan 1987 = 100",null,194.2,null,0,0,0,0,0,0]
[null,null,null,null,"2006 MAR",null,"Jan 1987 = 100",null,195,null,0,0,0,0,0,0]
[null,null,null,null,"2006 APR",null,"Jan 1987 = 100",null,196.5,null,0,0,0,0,0,0]
[null,null,null,null,"2006 MAY",null,"Jan 1987 = 100",null,197.7,null,0,0,0,0,0,0]
[null,null,null,null,"2006 JUN",null,"Jan 1987 = 100",null,198.5,null,0,0,0,0,0,0]
[null,null,null,null,"2006 JUL",null,"Jan 1987 = 100",null,198.5,null,0,0,0,0,0,0]
[null,null,null,null,"2006 AUG",null,"Jan 1987 = 100",null,199.2,null,0,0,0,0,0,0]
[null,null,null,null,"2006 SEP",null,"Jan 1987 = 100",null,200.1,null,0,0,0,0,0,0]
[null,null,null,null,"2006 OCT",null,"Jan 1987 = 100",null,200.4,null,0,0,0,0,0,0]
[null,null,null,null,"2006 NOV",null,"Jan 1987 = 100",null,201.1,null,0,0,0,0,0,0]
[null,null,null,null,"2006 DEC",null,"Jan 1987 = 100",null,202.7,null,0,0,0,0,0,0]
[null,null,null,null,"2007 JAN",null,"Jan 1987 = 100",null,201.6,null,0,0,0,0,0,0]
[null,null,null,null,"2007 FEB",null,"Jan 1987 = 100",null,203.1,null,0,0,0,0,0,0]
[null,null,null,null,"2007 MAR",null,"Jan 1987 = 100",null,204.4,null,0,0,0,0,0,0]
[null,null,null,null,"2007 APR",null,"Jan 1987 = 100",null,205.4,null,0,0,0,0,0,0]
[null,null,null,null,"2007 MAY",null,"Jan 1987 = 100",null,206.2,null,0,0,0,0,0,0]
[null,null,null,null,"2007 JUN",null,"Jan 1987 = 100",null,207.3,null,0,0,0,0,0,0]
[null,null,null,null,"2007 JUL",null,"Jan 1987 = 100",null,206.1,null,0,0,0,0,0,0]
[null,null,null,null,"2007 AUG",null,"Jan 1987 = 100",null,207.3,null,0,0,0,0,0,0]
[null,null,null,null,"2007 SEP",null,"Jan 1987 = 100",null,208,null,0,0,0,0,0,0]
[null,null,null,null,"2007 OCT",null,"Jan 1987 = 100",null,208.9,null,0,0,0,0,0,0]
[null,null,null,null,"2007 NOV",null,"Jan 1987 = 100",null,209.7,null,0,0,0,0,0,0]
[null,null,null,null,"2007 DEC",null,"Jan 1987 = 100",null,210.9,null,0,0,0,0,0,0]
[null,null,null,null,"2008 JAN",null,"Jan 1987 = 100",null,209.8,null,0,0,0,0,0,0]
[null,null,null,null,"2008 FEB",null,"Jan 1987 = 100",null,211.4,null,0,0,0,0,0,0]
[null,null,null,null,"2008 MAR",null,"Jan 1987 = 100",null,212.1,null,0,0,0,0,0,0]
[null,null,null,null,"2008 APR",null,"Jan 1987 = 100",null,214,null,0,0,0,0,0,0]
[null,null,null,null,"2008 MAY",null,"Jan 1987 = 100",null,215.1,null,0,0,0,0,0,0]
[null,null,null,null,"2008 JUN",null,"Jan 1987 = 100",null,216.8,null,0,0,0,0,0,0]
[null,null,null,null,"2008 JUL",null,"Jan 1987 = 100",null,216.5,null,0,0,0,0,0,0]
[null,null,null,null,"2008 AUG",null,"Jan 1987 = 100",null,217.2,null,0,0,0,0,0,0]
[null,null,null,null,"2008 SEP",null,"Jan 1987 = 100",null,218.4,null,0,0,0,0,0,0]
[null,null,null,null,"2008 OCT",null,"Jan 1987 = 100",null,217.7,null,0,0,0,0,0,0]
[null,null,null,null,"2008 NOV",null,"Jan 1987 = 100",null,216,null,0,0,0,0,0,0]
[null,null,null,null,"2008 DEC",null,"Jan 1987 = 100",null,212.9,null,0,0,0,0,0,0]
[null,null,null,null,"2009 JAN",null,"Jan 1987 = 100",null,210.1,null,0,0,0,0,0,0]
[null,null,null,null,"2009 FEB",null,"Jan 1987 = 100",null,211.4,null,0,0,0,0,0,0]
[null,null,null,null,"2009 MAR",null,"Jan 1987 = 100",null,211.3,null,0,0,0,0,0,0]
[null,null,null,null,"2009 APR",null,"Jan 1987 = 100",null,211.5,null,0,0,0,0,0,0]
[null,null,null,null,"2009 MAY",null,"Jan 1987 = 100",null,212.8,null,0,0,0,0,0,0]
[null,null,null,null,"2009 JUN",null,"Jan 1987 = 100",null,213.4,null,0,0,0,0,0,0]
[null,null,null,null,"2009 JUL",null,"Jan 1987 = 100",null,213.4,null,0,0,0,0,0,0]
[null,null,null,null,"2009 AUG",null,"Jan 1987 = 100",null,214.4,null,0,0,0,0,0,0]
[null,null,null,null,"2009 SEP",null,"Jan 1987 = 100",null,215.3,null,0,0,0,0,0,0]
[null,null,null,null,"2009 OCT",null,"Jan 1987 = 100",null,216,null,0,0,0,0,0,0]
[null,null,null,null,"2009 NOV",null,"Jan 1987 = 100",null,216.6,null,0,0,0,0,0,0]
[null,null,null,null,"2009 DEC",null,"Jan 1987 = 100",null,218,null,0,0,0,0,0,0]
[null,null,null,null,"2010 JAN",null,"Jan 1987 = 100",null,217.9,null,0,0,0,0,0,0]
[null,null,null,null,"2010 FEB",null,"Jan 1987 = 100",null,219.2,null,0,0,0,0,0,0]
[null,null,null,null,"2010 MAR",null,"Jan 1987 = 100",null,220.7,null,0,0,0,0,0,0]
[null,null,null,null,"2010 APR",null,"Jan 1987 = 100",null,222.8,null,{"$f":"L80","v":1},0,0,0,0,0]
[null,null,null,null,"2010 MAY",null,"Jan 1987 = 100",null,223.6,null,1,0,0,0,0,0]
[null,null,null,null,"2010 JUN",null,"Jan 1987 = 100",null,224.1,null,1,0,0,0,0,0]
[null,null,null,null,"2010 JUL",null,"Jan 1987 = 100",null,223.6,null,1,0,0,0,0,0]
[null,null,null,null,"2010 AUG",null,"Jan 1987 = 100",null,224.5,null,1,0,0,0,0,0]
[null,null,null,null,"2010 SEP",null,"Jan 1987 = 100",null,225.3,null,1,0,0,0,0,0]
[null,null,null,null,"2010 OCT",null,"Jan 1987 = 100",null,225.8,null,1,0,0,0,0,0]
[null,null,null,null,"2010 NOV",null,"Jan 1987 = 100",null,226.8,null,1,0,0,0,0,0]
[null,null,null,null,"2010 DEC",null,"Jan 1987 = 100",null,228.4,null,1,0,0,0,0,0]
[null,null,null,null,"2011 JAN",null,"Jan 1987 = 100",null,229,null,1,0,0,0,0,0]
[null,null,null,null,"2011 FEB",null,"Jan 1987 = 100",null,231.3,null,1,0,0,0,0,0]
[null,null,null,null,"2011 MAR",null,"Jan 1987 = 100",null,232.5,null,1,0,0,0,0,0]
[null,null,null,null,"2011 APR",null,"Jan 1987 = 100",null,234.4,null,0,{"$f":"M92","v":1},0,0,0,0]
[null,null,null,null,"2011 MAY",null,"Jan 1987 = 100",null,235.2,null,0,1,0,0,0,0]
[null,null,null,null,"2011 JUN",null,"Jan 1987 = 100",null,235.2,null,0,1,0,0,0,0]
[null,null,null,null,"2011 JUL",null,"Jan 1987 = 100",null,234.7,null,0,1,0,0,0,0]
[null,null,null,null,"2011 AUG",null,"Jan 1987 = 100",null,236.1,null,0,1,0,0,0,0]
[null,null,null,null,"2011 SEP",null,"Jan 1987 = 100",null,237.9,null,0,1,0,0,0,0]
[null,null,null,null,"2011 OCT",null,"Jan 1987 = 100",null,238,null,0,1,0,0,0,0]
[null,null,null,null,"2011 NOV",null,"Jan 1987 = 100",null,238.5,null,0,1,0,0,0,0]
[null,null,null,null,"2011 DEC",null,"Jan 1987 = 100",null,239.4,null,0,1,0,0,0,0]
[null,null,null,null,"2012 JAN",null,"Jan 1987 = 100",null,238,null,0,1,0,0,0,0]
[null,null,null,null,"2012 FEB",null,"Jan 1987 = 100",null,239.9,null,0,1,0,0,0,0]
[null,null,null,null,"2012 MAR",null,"Jan 1987 = 100",null,240.8,null,0,1,0,0,0,0]
[null,null,null,null,"2012 APR",null,"Jan 1987 = 100",null,242.5,null,{"$f":"L104","v":0},0,1,0,0,0]
[null,null,null,null,"2012 MAY",null,"Jan 1987 = 100",null,242.4,null,{"$f":"L105","v":0},0,1,0,0,0]
[null,null,null,null,"2012 JUN",null,"Jan 1987 = 100",null,241.8,null,{"$f":"L106","v":0},0,1,0,0,0]
[null,null,null,null,"2012 JUL",null,"Jan 1987 = 100",null,242.1,null,{"$f":"L107","v":0},0,1,0,0,0]
[null,null,null,null,"2012 AUG",null,"Jan 1987 = 100",null,243,null,{"$f":"L108","v":0},0,1,0,0,0]
[null,null,null,null,"2012 SEP",null,"Jan 1987 = 100",null,244.2,null,{"$f":"L109","v":0},0,1,0,0,0]
[null,null,null,null,"2012 OCT",null,"Jan 1987 = 100",null,245.6,null,{"$f":"L110","v":0},{"$f":"M110","v":0},{"$f":"N110","v":1},{"$f":"O110","v":0},0,0]
[null,null,null,null,"2012 NOV",null,"Jan 1987 = 100",null,245.6,null,0,0,1,0,0,0]
[null,null,null,null,"2012 DEC",null,"Jan 1987 = 100",null,246.8,null,0,0,1,0,0,0]
[null,null,null,null,"2013 JAN",null,"Jan 1987 = 100",null,245.8,null,{"$f":"L113","v":0},{"$f":"M113","v":0},{"$f":"N113","v":1},{"$f":"O113","v":0},0,0]
[null,null,null,null,"2013 FEB",null,"Jan 1987 = 100",null,247.6,null,0,0,1,0,0,0]
[null,null,null,null,"2013 MAR",null,"Jan 1987 = 100",null,248.7,null,0,0,1,0,0,0]
[null,null,null,null,"2013 APR",null,"Jan 1987 = 100",null,249.5,null,0,0,0,1,0,0]
[null,null,null,null,"2013 MAY",null,"Jan 1987 = 100",null,250,null,0,0,0,1,0,0]
[null,null,null,null,"2013 JUN",null,"Jan 1987 = 100",null,249.7,null,0,0,0,1,0,0]
[null,null,null,null,"2013 JUL",null,"Jan 1987 = 100",null,249.7,null,0,0,0,1,0,0]
[null,null,null,null,"2013 AUG",null,"Jan 1987 = 100",null,251,null,0,0,0,1,0,0]
[null,null,null,null,"2013 SEP",null,"Jan 1987 = 100",null,251.9,null,0,0,0,1,0,0]
[null,null,null,null,"2013 OCT",null,"Jan 1987 = 100",null,251.9,null,0,0,0,1,0,0]
[null,null,null,null,"2013 NOV",null,"Jan 1987 = 100",null,252.1,null,0,0,0,1,0,0]
[null,null,null,null,"2013 DEC",null,"Jan 1987 = 100",null,253.4,null,0,0,0,1,0,0]
[null,null,null,null,"2014 JAN",null,"Jan 1987 = 100",null,252.6,null,0,0,0,1,0,0]
[null,null,null,null,"2014 FEB",null,"Jan 1987 = 100",null,254.2,null,0,0,0,1,0,0]
[null,null,null,null,"2014 MAR",null,"Jan 1987 = 100",null,254.8,null,0,0,0,1,0,0]
[null,null,null,null,"2014 APR",null,"Jan 1987 = 100",null,255.7,null,null,null,null,null,1]
[null,null,null,null,"2014 MAY",null,"Jan 1987 = 100",null,255.9,null,null,null,null,null,1]
[null,null,null,null,"2014 JUN",null,"Jan 1987 = 100",null,256.3,null,null,null,null,null,1]
[null,null,null,null,"2014 JUL",null,"Jan 1987 = 100",null,256,null,null,null,null,null,1]
[null,null,null,null,"2014 AUG",null,null,null,257,null,null,null,null,null,1]
[null,null,null,null,"2014 SEP",null,null,null,257.60000000000002,null,null,null,null,null,1]
[null,null,null,null,"2014 OCT",null,null,null,257.7,null,null,null,null,null,1]
[null,null,null,null,"2014 NOV",null,null,null,257.10000000000002,null,null,null,null,null,1]
[null,null,null,null,"2014 DEC",null,null,null,257.5,null,null,null,null,null,1]
[null,null,null,null,"2015 JAN",null,null,null,255.4,null,null,null,null,null,1]
[null,null,null,null,"2015 FEB",null,null,null,256.7,null,null,null,null,null,1]
[null,null,null,null,"2015 MAR",null,null,null,257.10000000000002,null,null,null,null,null,1]
[null,null,null,null,"2015 APL",null,null,null,258,null,null,null,null,null,null,1]
[null,null,null,null,"2015 MAY",null,null,null,258.5,null,null,null,null,null,null,1]
[null,null,null,null,"2015 JUN",null,null,null,258.89999999999998,null,null,null,null,null,null,1]
[null,null,null,null,"2015 JUL",null,null,null,258.60000000000002,null,null,null,null,null,null,1]
[null,null,null,null,"2015 AUG",null,null,null,259.8,null,null,null,null,null,null,1]
[null,null,null,null,"2015 OCT",null,null,null,259.60000000000002,null,null,null,null,null,null,1]
[null,null,null,null,"2015 NOV",null,null,null,259.5,null,null,null,null,null,null,1]
[null,null,null,null,"2015 NOV",null,null,null,259.8,null,null,null,null,null,null,1]
[null,null,null,null,"2015 DEC",null,null,null,260.60000000000002,null,null,null,null,null,null,1]
[null,null,null,null,"2016 JAN",null,null,null,{"$f":"(I136+I138)/2","v":259.70000000000005},null,null,null,null,null,null,1]
[null,null,null,null,"2016 FEB",null,null,null,258.8,null,null,null,null,null,null,1]
[null,null,null,null,"2016 MAR (estimated)",null,null,null,{"$f":"I138","v":258.8},null,null,null,null,null,null,1]
[]
[]
[]
[]
[]
[]
[null,null,null,null,"2015/16 RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,{"$f":"ROUND(AVERAGE(I128:I139), 3)","v":259.21699999999998}]
[null,null,null,null,"12 month average UK RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,null,null,{"$f":"ROUND(SUMPRODUCT($I17:$I139, K17:K139) / SUM(K17:K139), 3)","v":226.47499999999999},237.34200000000001,244.67500000000001,251.733,256.66699999999997,259.21699999999998]
[]
[]
[null,null,"Exchange rate"]
[null,null,null,null,"Monthly average spot exchange rate, Euro into Sterling (XUMAERS)"]
[null,null,null,null,"http://www.bankofengland.co.uk/boeapps/iadb/fromshowcolumns.asp?excel97.x=yes&Datefrom=01/Jan/1992&Dateto=Now&SeriesCodes=XUMABK67,XUMAUSS,XUMAJYS,XUMAERS&UsingCodes=Y&VPD=Y"]
[]
[null,null,null,null,"2010-04-30",null,1.1435999999999999,null,null,null,{"$f":"ROUND(AVERAGE(G154:G165), 3)","v":1.177},{"$f":"ROUND(AVERAGE(G166:G177), 3)","v":1.1599999999999999},{"$f":"ROUND(AVERAGE(G178:G189), 3)","v":1.2270000000000001},{"$f":"ROUND(AVERAGE(G190:G201), 3)","v":1.1859999999999999},{"$f":"ROUND(AVERAGE(G202:G213), 3)","v":1.2749999999999999},{"$f":"ROUND(AVERAGE(G214:G225), 3)","v":1.367}]
[null,null,null,null,"2010-05-31",null,1.1685000000000001]
[null,null,null,null,"2010-06-30",null,1.2081999999999999]
[null,null,null,null,"2010-07-31",null,1.1959]
[null,null,null,null,"2010-08-31",null,1.2132000000000001]
[null,null,null,null,"2010-09-30",null,1.1900999999999999]
[null,null,null,null,"2010-10-31",null,1.1412]
[null,null,null,null,"2010-11-30",null,1.1700999999999999]
[null,null,null,null,"2010-12-31",null,1.1801999999999999]
[null,null,null,null,"2011-01-31",null,1.1817]
[null,null,null,null,"2011-02-28",null,1.1815]
[null,null,null,null,"2011-03-31",null,1.1527000000000001]
[null,null,null,null,"2011-04-30",null,1.1331]
[null,null,null,null,"2011-05-31",null,1.1403000000000001]
[null,null,null,null,"2011-06-30",null,1.1261000000000001]
[null,null,null,null,"2011-07-31",null,1.1308]
[null,null,null,null,"2011-08-31",null,1.1422000000000001]
[null,null,null,null,"2011-09-30",null,1.147]
[null,null,null,null,"2011-10-31",null,1.1487000000000001]
[null,null,null,null,"2011-11-30",null,1.1658999999999999]
[null,null,null,null,"2011-12-31",null,1.1842999999999999]
[null,null,null,null,"2012-01-31",null,1.2034]
[null,null,null,null,"2012-02-29",null,1.1940999999999999]
[null,null,null,null,"2012-03-31",null,1.1980999999999999]
[null,null,null,null,"2012-04-30",null,1.2161]
[null,null,null,null,"2012-05-31",null,1.244]
[null,null,null,null,"2012-06-30",null,1.2416]
[null,null,null,null,"2012-07-31",null,1.2687999999999999]
[null,null,null,null,"2012-08-31",null,1.2676000000000001]
[null,null,null,null,"2012-09-30",null,1.2524]
[null,null,null,null,"2012-10-31",null,1.2393000000000001]
[null,null,null,null,"2012-11-30",null,1.244]
[null,null,null,null,"2012-12-31",null,1.2310000000000001]
[null,null,null,null,"2013-01-31",null,1.2]
[null,null,null,null,"2013-02-28",null,1.1594]
[null,null,null,null,"2013-03-31",null,1.1634]
[null,null,null,null,"2013-04-30",null,1.175]
[null,null,null,null,"2013-05-31",null,1.1777]
[null,null,null,null,"2013-06-30",null,1.1739999999999999]
[null,null,null,null,"2013-07-31",null,1.1599999999999999]
[null,null,null,null,"2013-08-31",null,1.1649]
[null,null,null,null,"2013-09-30",null,1.1882999999999999]
[null,null,null,null,"2013-10-31",null,1.1797]
[null,null,null,null,"2013-11-30",null,1.1938]
[null,null,null,null,"2013-12-31",null,1.1947000000000001]
[null,null,null,null,"2014-01-31",null,1.2097]
[null,null,null,null,"2014-02-28",null,1.2121999999999999]
[null,null,null,null,"2014-03-31",null,1.2020999999999999]
[null,null,null,null,"2014-04-30",null,1.2124999999999999]
[null,null,null,null,"2014-05-31",null,1.2266999999999999]
[null,null,null,null,"2014-06-30",null,1.2436]
[null,null,null,null,"2014-07-31",null,1.2611000000000001]
[null,null,null,null,"2014-08-31",null,1.2542]
[null,null,null,null,"2014-09-30",null,1.2639]
[null,null,null,null,"2014-10-31",null,1.2678]
[null,null,null,null,"2014-11-30",null,1.2645999999999999]
[null,null,null,null,"2014-12-31",null,1.2685999999999999]
[null,null,null,null,"2015-01-31",null,1.3045]
[null,null,null,null,"2015-02-28",null,1.3503000000000001]
[null,null,null,null,"2015-03-31",null,1.3825000000000001]
[null,null,null,null,"2015-04-30",null,1.3855999999999999]
[null,null,null,null,"2015-05-31",null,1.3852]
[null,null,null,null,"2015-06-30",null,1.3878999999999999]
[null,null,null,null,"2015-07-31",null,1.4138999999999999]
[null,null,null,null,"2015-08-31",null,1.4004000000000001]
[null,null,null,null,"2015-09-30",null,1.3665]
[null,null,null,null,"2015-10-31",null,1.3656999999999999]
[null,null,null,null,"2015-11-30",null,1.4168000000000001]
[null,null,null,null,"2015-12-31",null,1.3769]
[null,null,null,null,"2016-01-31",null,1.3257000000000001]
[null,null,null,null,"2016-02-29",null,1.2889999999999999]
[null,null,null,null,"estimate",null,{"$f":"G224","v":1.2889999999999999}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,"End of sheet"]

{"sheet":"change log","index":16,"n_rows":11,"n_cols":4,"rows_kept":11,"cut":false,"hidden":false,"merged":[]}
[]
[]
["date of change","nature of change","impact of change"]
[null,null,"Cap","Floor"]
[null,null,114.61697175779901,57.001093023571102]
[]
[]
[]
[null,null,{"$f":"C10-SUM(C$6:C8)","v":-20.431501974775387},{"$f":"D10-SUM(D$6:D8)","v":-3.9675638111990352}]
[null,null,{"$f":"Availability!W10-114.616971757799","v":-20.431501974775387},{"$f":"Availability!W11-57.0010930235711","v":-3.9675638111990352}]
[null,null,{"$f":"Availability!W10","v":94.18546978302362},{"$f":"Availability!W11","v":53.033529212372066}]