{"text_format":"1","workbook":"xlsx","n_sheets":17,"sheets":["Cover","Input","Pre_Op_RAV","Finance","Op_RAV","AllowancesCap","AllowancesFloor","Deductions","TaxCap","TaxFloor","Availability","Assessment","Output","download from BoE","download from iBoxx","Market data","RPI and currency"],"not_rendered":{"charts":4,"images":0,"macros":1,"external_links":1,"defined_names":85,"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":43,"n_cols":7,"rows_kept":43,"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":"CFFM NSL FPA 17072017.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,"Pre_Op_RAV",null,"Pre-operational RAV balances"]
[null,null,null,null,"Finance",null,"RAV IDC and transaction costs"]
[null,null,null,null,"Op_RAV",null,"Operational RAV balances, return and depreciation"]
[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 and currency"]
[]
[]
[]
[null,"End of sheet"]

{"sheet":"Input","index":1,"n_rows":126,"n_cols":50,"rows_kept":126,"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,"Variables set after financial close"]
[]
[null,null,"Actual value"]
[]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":" - $I$116 + 1","v":-10},{"$f":"K8 + 1","v":-9},{"$f":"L8 + 1","v":-8},{"$f":"M8 + 1","v":-7},{"$f":"N8 + 1","v":-6},{"$f":"O8 + 1","v":-5},{"$f":"P8 + 1","v":-4},{"$f":"Q8 + 1","v":-3},{"$f":"R8 + 1","v":-2},{"$f":"S8 + 1","v":-1},{"$f":"T8 + 1","v":0},{"$f":"U8 + 1","v":1},{"$f":"V8 + 1","v":2},{"$f":"W8 + 1","v":3},{"$f":"X8 + 1","v":4},{"$f":"Y8 + 1","v":5},{"$f":"Z8 + 1","v":6},{"$f":"AA8 + 1","v":7},{"$f":"AB8 + 1","v":8},{"$f":"AC8 + 1","v":9},{"$f":"AD8 + 1","v":10},{"$f":"AE8 + 1","v":11},{"$f":"AF8 + 1","v":12},{"$f":"AG8 + 1","v":13},{"$f":"AH8 + 1","v":14},{"$f":"AI8 + 1","v":15},{"$f":"AJ8 + 1","v":16},{"$f":"AK8 + 1","v":17},{"$f":"AL8 + 1","v":18},{"$f":"AM8 + 1","v":19},{"$f":"AN8 + 1","v":20},{"$f":"AO8 + 1","v":21},{"$f":"AP8 + 1","v":22},{"$f":"AQ8 + 1","v":23},{"$f":"AR8 + 1","v":24},{"$f":"AS8 + 1","v":25},{"$f":"AT8 + 1","v":26},{"$f":"AU8 + 1","v":27},{"$f":"AV8 + 1","v":28},{"$f":"AW8 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"$I$107","v":"2010-04-01"},{"$f":"+K10+1","v":"2011-04-01"},{"$f":"+L10+1","v":"2012-04-01"},{"$f":"+M10+1","v":"2013-04-01"},{"$f":"+N10+1","v":"2014-04-01"},{"$f":"+O10+1","v":"2015-04-01"},{"$f":"+P10+1","v":"2016-04-01"},{"$f":"+Q10+1","v":"2017-04-01"},{"$f":"+R10+1","v":"2018-04-01"},{"$f":"+S10+1","v":"2019-04-01"},{"$f":"+T10+1","v":"2020-04-01"},{"$f":"+U10+1","v":"2021-04-01"},{"$f":"+V10+1","v":"2022-04-01"},{"$f":"+W10+1","v":"2023-04-01"},{"$f":"+X10+1","v":"2024-04-01"},{"$f":"+Y10+1","v":"2025-04-01"},{"$f":"+Z10+1","v":"2026-04-01"},{"$f":"+AA10+1","v":"2027-04-01"},{"$f":"+AB10+1","v":"2028-04-01"},{"$f":"+AC10+1","v":"2029-04-01"},{"$f":"+AD10+1","v":"2030-04-01"},{"$f":"+AE10+1","v":"2031-04-01"},{"$f":"+AF10+1","v":"2032-04-01"},{"$f":"+AG10+1","v":"2033-04-01"},{"$f":"+AH10+1","v":"2034-04-01"},{"$f":"+AI10+1","v":"2035-04-01"},{"$f":"+AJ10+1","v":"2036-04-01"},{"$f":"+AK10+1","v":"2037-04-01"},{"$f":"+AL10+1","v":"2038-04-01"},{"$f":"+AM10+1","v":"2039-04-01"},{"$f":"+AN10+1","v":"2040-04-01"},{"$f":"+AO10+1","v":"2041-04-01"},{"$f":"+AP10+1","v":"2042-04-01"},{"$f":"+AQ10+1","v":"2043-04-01"},{"$f":"+AR10+1","v":"2044-04-01"},{"$f":"+AS10+1","v":"2045-04-01"},{"$f":"+AT10+1","v":"2046-04-01"},{"$f":"+AU10+1","v":"2047-04-01"},{"$f":"+AV10+1","v":"2048-04-01"},{"$f":"+AW10+1","v":"2049-04-01"}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"EOMONTH(K9,11)","v":"2011-03-31"},{"$f":"DATE(YEAR(K10) + 1, MONTH(K10), DAY(K10))","v":"2012-03-31"},{"$f":"DATE(YEAR(L10) + 1, MONTH(L10), DAY(L10))","v":"2013-03-31"},{"$f":"DATE(YEAR(M10) + 1, MONTH(M10), DAY(M10))","v":"2014-03-31"},{"$f":"DATE(YEAR(N10) + 1, MONTH(N10), DAY(N10))","v":"2015-03-31"},{"$f":"DATE(YEAR(O10) + 1, MONTH(O10), DAY(O10))","v":"2016-03-31"},{"$f":"DATE(YEAR(P10) + 1, MONTH(P10), DAY(P10))","v":"2017-03-31"},{"$f":"DATE(YEAR(Q10) + 1, MONTH(Q10), DAY(Q10))","v":"2018-03-31"},{"$f":"DATE(YEAR(R10) + 1, MONTH(R10), DAY(R10))","v":"2019-03-31"},{"$f":"DATE(YEAR(S10) + 1, MONTH(S10), DAY(S10))","v":"2020-03-31"},{"$f":"DATE(YEAR(T10) + 1, MONTH(T10), DAY(T10))","v":"2021-03-31"},{"$f":"DATE(YEAR(U10) + 1, MONTH(U10), DAY(U10))","v":"2022-03-31"},{"$f":"DATE(YEAR(V10) + 1, MONTH(V10), DAY(V10))","v":"2023-03-31"},{"$f":"DATE(YEAR(W10) + 1, MONTH(W10), DAY(W10))","v":"2024-03-31"},{"$f":"DATE(YEAR(X10) + 1, MONTH(X10), DAY(X10))","v":"2025-03-31"},{"$f":"DATE(YEAR(Y10) + 1, MONTH(Y10), DAY(Y10))","v":"2026-03-31"},{"$f":"DATE(YEAR(Z10) + 1, MONTH(Z10), DAY(Z10))","v":"2027-03-31"},{"$f":"DATE(YEAR(AA10) + 1, MONTH(AA10), DAY(AA10))","v":"2028-03-31"},{"$f":"DATE(YEAR(AB10) + 1, MONTH(AB10), DAY(AB10))","v":"2029-03-31"},{"$f":"DATE(YEAR(AC10) + 1, MONTH(AC10), DAY(AC10))","v":"2030-03-31"},{"$f":"DATE(YEAR(AD10) + 1, MONTH(AD10), DAY(AD10))","v":"2031-03-31"},{"$f":"DATE(YEAR(AE10) + 1, MONTH(AE10), DAY(AE10))","v":"2032-03-31"},{"$f":"DATE(YEAR(AF10) + 1, MONTH(AF10), DAY(AF10))","v":"2033-03-31"},{"$f":"DATE(YEAR(AG10) + 1, MONTH(AG10), DAY(AG10))","v":"2034-03-31"},{"$f":"DATE(YEAR(AH10) + 1, MONTH(AH10), DAY(AH10))","v":"2035-03-31"},{"$f":"DATE(YEAR(AI10) + 1, MONTH(AI10), DAY(AI10))","v":"2036-03-31"},{"$f":"DATE(YEAR(AJ10) + 1, MONTH(AJ10), DAY(AJ10))","v":"2037-03-31"},{"$f":"DATE(YEAR(AK10) + 1, MONTH(AK10), DAY(AK10))","v":"2038-03-31"},{"$f":"DATE(YEAR(AL10) + 1, MONTH(AL10), DAY(AL10))","v":"2039-03-31"},{"$f":"DATE(YEAR(AM10) + 1, MONTH(AM10), DAY(AM10))","v":"2040-03-31"},{"$f":"DATE(YEAR(AN10) + 1, MONTH(AN10), DAY(AN10))","v":"2041-03-31"},{"$f":"DATE(YEAR(AO10) + 1, MONTH(AO10), DAY(AO10))","v":"2042-03-31"},{"$f":"DATE(YEAR(AP10) + 1, MONTH(AP10), DAY(AP10))","v":"2043-03-31"},{"$f":"DATE(YEAR(AQ10) + 1, MONTH(AQ10), DAY(AQ10))","v":"2044-03-31"},{"$f":"DATE(YEAR(AR10) + 1, MONTH(AR10), DAY(AR10))","v":"2045-03-31"},{"$f":"DATE(YEAR(AS10) + 1, MONTH(AS10), DAY(AS10))","v":"2046-03-31"},{"$f":"DATE(YEAR(AT10) + 1, MONTH(AT10), DAY(AT10))","v":"2047-03-31"},{"$f":"DATE(YEAR(AU10) + 1, MONTH(AU10), DAY(AU10))","v":"2048-03-31"},{"$f":"DATE(YEAR(AV10) + 1, MONTH(AV10), DAY(AV10))","v":"2049-03-31"},{"$f":"DATE(YEAR(AW10) + 1, MONTH(AW10), DAY(AW10))","v":"2050-03-31"}]
[]
[]
[null,null,null,null,"Development costs",null,"£m 13/14 prices",null,null,null,{"$f":"0.029+0.303","v":0.33200000000000002},0.51,6.4630000000000001,1.397,3.4910000000000001,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Average exchange rate (XUMAERS)",null,"EUR / GBP",null,null,null,{"$f":"'RPI and currency'!K148","v":1.177},{"$f":"'RPI and currency'!L148","v":1.1599999999999999},{"$f":"'RPI and currency'!M148","v":1.2270000000000001},{"$f":"'RPI and currency'!N148","v":1.1859999999999999},{"$f":"'RPI and currency'!O148","v":1.2749999999999999},{"$f":"'RPI and currency'!P148","v":1.367},{"$f":"P15","v":1.367},{"$f":"Q15","v":1.367},1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367,1.367]
[]
[null,null,null,null,"Development costs",null,"£m 15/16 prices",null,null,null,{"$f":"K13*$P98/$N98","v":0.34215520412500544},0.52559986175829154,6.6606900128310551,1.439731386032026,3.5977825831337169,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Capex",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,27.12,46.09,46.01,86.71,185.61,125.8,42.67,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Spares",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Non-controllable opex (actual)",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"€m nominal prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal prices","NARt",null,null,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AVERAGE(Availability!V11, Availability!V12)*V98/$I$97","v":82.61896594374825},{"$f":"AVERAGE(Availability!W11, Availability!W12)*W98/$I$97","v":84.857939920823824},{"$f":"AVERAGE(Availability!X11, Availability!X12)*X98/$I$97","v":87.157590092678149},{"$f":"AVERAGE(Availability!Y11, Availability!Y12)*Y98/$I$97","v":89.519560784189707},{"$f":"AVERAGE(Availability!Z11, Availability!Z12)*Z98/$I$97","v":91.945540881441232},{"$f":"AVERAGE(Availability!AA11, Availability!AA12)*AA98/$I$97","v":94.437265039328281},{"$f":"AVERAGE(Availability!AB11, Availability!AB12)*AB98/$I$97","v":96.996514921894061},{"$f":"AVERAGE(Availability!AC11, Availability!AC12)*AC98/$I$97","v":99.625120476277402},{"$f":"AVERAGE(Availability!AD11, Availability!AD12)*AD98/$I$97","v":102.32496124118451},{"$f":"AVERAGE(Availability!AE11, Availability!AE12)*AE98/$I$97","v":105.09796769082058},{"$f":"AVERAGE(Availability!AF11, Availability!AF12)*AF98/$I$97","v":107.9461226152418},{"$f":"AVERAGE(Availability!AG11, Availability!AG12)*AG98/$I$97","v":110.87146253811486},{"$f":"AVERAGE(Availability!AH11, Availability!AH12)*AH98/$I$97","v":113.87607917289778},{"$f":"AVERAGE(Availability!AI11, Availability!AI12)*AI98/$I$97","v":116.96212091848329},{"$f":"AVERAGE(Availability!AJ11, Availability!AJ12)*AJ98/$I$97","v":120.13179439537419},{"$f":"AVERAGE(Availability!AK11, Availability!AK12)*AK98/$I$97","v":123.38736602348881},{"$f":"AVERAGE(Availability!AL11, Availability!AL12)*AL98/$I$97","v":126.73116364272533},{"$f":"AVERAGE(Availability!AM11, Availability!AM12)*AM98/$I$97","v":130.16557817744319},{"$f":"AVERAGE(Availability!AN11, Availability!AN12)*AN98/$I$97","v":133.6930653460519},{"$f":"AVERAGE(Availability!AO11, Availability!AO12)*AO98/$I$97","v":137.31614741692988},{"$f":"AVERAGE(Availability!AP11, Availability!AP12)*AP98/$I$97","v":141.03741501192866},{"$f":"AVERAGE(Availability!AQ11, Availability!AQ12)*AQ98/$I$97","v":144.85952895875192},{"$f":"AVERAGE(Availability!AR11, Availability!AR12)*AR98/$I$97","v":148.78522219353405},{"$f":"AVERAGE(Availability!AS11, Availability!AS12)*AS98/$I$97","v":152.81730171497884},{"$f":"AVERAGE(Availability!AT11, Availability!AT12)*AT98/$I$97","v":156.95865059145476},{"$f":"AVERAGE(Availability!AU11, Availability!AU12)*AU98/$I$97","v":161.21223002248317},{"$f":"AVERAGE(Availability!AV11, Availability!AV12)*AV98/$I$97","v":165.58108145609245},{"$f":"AVERAGE(Availability!AW11, Availability!AW12)*AW98/$I$97","v":170.06832876355256},{"$f":"AVERAGE(Availability!AX11, Availability!AX12)*AX98/$I$97","v":174.67718047304481}]
[null,null,null,null,"Within-period adjustment (assessed)",null,"£m nominal","WPAt",null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,"Ex ante allowance - Operational Period"]
[null,null,null,null,"Operational Year",null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[null,null,null,null,"Replacement capex",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,15,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Decommissioning baseline / actual",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,6.5]
[null,null,null,null,"Controllable opex",null,"£m 15/16 prices",null,null,null,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001,15.284800000000001]
[null,null,null,null,"Non-controllable opex (baseline)",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m 15/16 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,"Variables set at financial close"]
[]
[null,null,"Finance"]
[]
[null,null,null,null,"Cap returns",null,"real annual %",null,{"$f":"'Market data'!I31","v":7.9749999999999988E-2}]
[null,null,null,null,"Floor returns",null,"real annual %",null,{"$f":"'Market data'!I49","v":8.8000000000000005E-3}]
[null,null,null,null,"Operational discount rate",null,"real annual %",null,{"$f":"(I43 + I44) / 2","v":4.4274999999999995E-2}]
[null,null,null,null,"Interest during construction",null,"real annual %",null,{"$f":"'Market data'!I75","v":6.3700000000000007E-2}]
[null,null,null,null,"Cost of debt (for tax)",null,"real annual %",null,{"$f":"I44","v":8.8000000000000005E-3}]
[null,null,null,null,"Pre-operational notional gearing",null,"%",null,{"$f":"'Market data'!I77","v":0.33410000000000001}]
[null,null,null,null,"Operational notional gearing",null,"%",null,{"$f":"'Market data'!I14","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,"Project year",null,null,null,null,null,{"$f":" - $I$116 + 1","v":-10},{"$f":"K55 + 1","v":-9},{"$f":"L55 + 1","v":-8},{"$f":"M55 + 1","v":-7},{"$f":"N55 + 1","v":-6},{"$f":"O55 + 1","v":-5},{"$f":"P55 + 1","v":-4},{"$f":"Q55 + 1","v":-3},{"$f":"R55 + 1","v":-2},{"$f":"S55 + 1","v":-1},{"$f":"T55 + 1","v":0},{"$f":"U55 + 1","v":1},{"$f":"V55 + 1","v":2},{"$f":"W55 + 1","v":3},{"$f":"X55 + 1","v":4},{"$f":"Y55 + 1","v":5},{"$f":"Z55 + 1","v":6},{"$f":"AA55 + 1","v":7},{"$f":"AB55 + 1","v":8},{"$f":"AC55 + 1","v":9},{"$f":"AD55 + 1","v":10},{"$f":"AE55 + 1","v":11},{"$f":"AF55 + 1","v":12},{"$f":"AG55 + 1","v":13},{"$f":"AH55 + 1","v":14},{"$f":"AI55 + 1","v":15},{"$f":"AJ55 + 1","v":16},{"$f":"AK55 + 1","v":17},{"$f":"AL55 + 1","v":18},{"$f":"AM55 + 1","v":19},{"$f":"AN55 + 1","v":20},{"$f":"AO55 + 1","v":21},{"$f":"AP55 + 1","v":22},{"$f":"AQ55 + 1","v":23},{"$f":"AR55 + 1","v":24},{"$f":"AS55 + 1","v":25},{"$f":"AT55 + 1","v":26},{"$f":"AU55 + 1","v":27},{"$f":"AV55 + 1","v":28},{"$f":"AW55 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"$I$107","v":"2010-04-01"},{"$f":"+K57+1","v":"2011-04-01"},{"$f":"+L57+1","v":"2012-04-01"},{"$f":"+M57+1","v":"2013-04-01"},{"$f":"+N57+1","v":"2014-04-01"},{"$f":"+O57+1","v":"2015-04-01"},{"$f":"+P57+1","v":"2016-04-01"},{"$f":"+Q57+1","v":"2017-04-01"},{"$f":"+R57+1","v":"2018-04-01"},{"$f":"+S57+1","v":"2019-04-01"},{"$f":"+T57+1","v":"2020-04-01"},{"$f":"+U57+1","v":"2021-04-01"},{"$f":"+V57+1","v":"2022-04-01"},{"$f":"+W57+1","v":"2023-04-01"},{"$f":"+X57+1","v":"2024-04-01"},{"$f":"+Y57+1","v":"2025-04-01"},{"$f":"+Z57+1","v":"2026-04-01"},{"$f":"+AA57+1","v":"2027-04-01"},{"$f":"+AB57+1","v":"2028-04-01"},{"$f":"+AC57+1","v":"2029-04-01"},{"$f":"+AD57+1","v":"2030-04-01"},{"$f":"+AE57+1","v":"2031-04-01"},{"$f":"+AF57+1","v":"2032-04-01"},{"$f":"+AG57+1","v":"2033-04-01"},{"$f":"+AH57+1","v":"2034-04-01"},{"$f":"+AI57+1","v":"2035-04-01"},{"$f":"+AJ57+1","v":"2036-04-01"},{"$f":"+AK57+1","v":"2037-04-01"},{"$f":"+AL57+1","v":"2038-04-01"},{"$f":"+AM57+1","v":"2039-04-01"},{"$f":"+AN57+1","v":"2040-04-01"},{"$f":"+AO57+1","v":"2041-04-01"},{"$f":"+AP57+1","v":"2042-04-01"},{"$f":"+AQ57+1","v":"2043-04-01"},{"$f":"+AR57+1","v":"2044-04-01"},{"$f":"+AS57+1","v":"2045-04-01"},{"$f":"+AT57+1","v":"2046-04-01"},{"$f":"+AU57+1","v":"2047-04-01"},{"$f":"+AV57+1","v":"2048-04-01"},{"$f":"+AW57+1","v":"2049-04-01"}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"EOMONTH(K56,11)","v":"2011-03-31"},{"$f":"DATE(YEAR(K57) + 1, MONTH(K57), DAY(K57))","v":"2012-03-31"},{"$f":"DATE(YEAR(L57) + 1, MONTH(L57), DAY(L57))","v":"2013-03-31"},{"$f":"DATE(YEAR(M57) + 1, MONTH(M57), DAY(M57))","v":"2014-03-31"},{"$f":"DATE(YEAR(N57) + 1, MONTH(N57), DAY(N57))","v":"2015-03-31"},{"$f":"DATE(YEAR(O57) + 1, MONTH(O57), DAY(O57))","v":"2016-03-31"},{"$f":"DATE(YEAR(P57) + 1, MONTH(P57), DAY(P57))","v":"2017-03-31"},{"$f":"DATE(YEAR(Q57) + 1, MONTH(Q57), DAY(Q57))","v":"2018-03-31"},{"$f":"DATE(YEAR(R57) + 1, MONTH(R57), DAY(R57))","v":"2019-03-31"},{"$f":"DATE(YEAR(S57) + 1, MONTH(S57), DAY(S57))","v":"2020-03-31"},{"$f":"DATE(YEAR(T57) + 1, MONTH(T57), DAY(T57))","v":"2021-03-31"},{"$f":"DATE(YEAR(U57) + 1, MONTH(U57), DAY(U57))","v":"2022-03-31"},{"$f":"DATE(YEAR(V57) + 1, MONTH(V57), DAY(V57))","v":"2023-03-31"},{"$f":"DATE(YEAR(W57) + 1, MONTH(W57), DAY(W57))","v":"2024-03-31"},{"$f":"DATE(YEAR(X57) + 1, MONTH(X57), DAY(X57))","v":"2025-03-31"},{"$f":"DATE(YEAR(Y57) + 1, MONTH(Y57), DAY(Y57))","v":"2026-03-31"},{"$f":"DATE(YEAR(Z57) + 1, MONTH(Z57), DAY(Z57))","v":"2027-03-31"},{"$f":"DATE(YEAR(AA57) + 1, MONTH(AA57), DAY(AA57))","v":"2028-03-31"},{"$f":"DATE(YEAR(AB57) + 1, MONTH(AB57), DAY(AB57))","v":"2029-03-31"},{"$f":"DATE(YEAR(AC57) + 1, MONTH(AC57), DAY(AC57))","v":"2030-03-31"},{"$f":"DATE(YEAR(AD57) + 1, MONTH(AD57), DAY(AD57))","v":"2031-03-31"},{"$f":"DATE(YEAR(AE57) + 1, MONTH(AE57), DAY(AE57))","v":"2032-03-31"},{"$f":"DATE(YEAR(AF57) + 1, MONTH(AF57), DAY(AF57))","v":"2033-03-31"},{"$f":"DATE(YEAR(AG57) + 1, MONTH(AG57), DAY(AG57))","v":"2034-03-31"},{"$f":"DATE(YEAR(AH57) + 1, MONTH(AH57), DAY(AH57))","v":"2035-03-31"},{"$f":"DATE(YEAR(AI57) + 1, MONTH(AI57), DAY(AI57))","v":"2036-03-31"},{"$f":"DATE(YEAR(AJ57) + 1, MONTH(AJ57), DAY(AJ57))","v":"2037-03-31"},{"$f":"DATE(YEAR(AK57) + 1, MONTH(AK57), DAY(AK57))","v":"2038-03-31"},{"$f":"DATE(YEAR(AL57) + 1, MONTH(AL57), DAY(AL57))","v":"2039-03-31"},{"$f":"DATE(YEAR(AM57) + 1, MONTH(AM57), DAY(AM57))","v":"2040-03-31"},{"$f":"DATE(YEAR(AN57) + 1, MONTH(AN57), DAY(AN57))","v":"2041-03-31"},{"$f":"DATE(YEAR(AO57) + 1, MONTH(AO57), DAY(AO57))","v":"2042-03-31"},{"$f":"DATE(YEAR(AP57) + 1, MONTH(AP57), DAY(AP57))","v":"2043-03-31"},{"$f":"DATE(YEAR(AQ57) + 1, MONTH(AQ57), DAY(AQ57))","v":"2044-03-31"},{"$f":"DATE(YEAR(AR57) + 1, MONTH(AR57), DAY(AR57))","v":"2045-03-31"},{"$f":"DATE(YEAR(AS57) + 1, MONTH(AS57), DAY(AS57))","v":"2046-03-31"},{"$f":"DATE(YEAR(AT57) + 1, MONTH(AT57), DAY(AT57))","v":"2047-03-31"},{"$f":"DATE(YEAR(AU57) + 1, MONTH(AU57), DAY(AU57))","v":"2048-03-31"},{"$f":"DATE(YEAR(AV57) + 1, MONTH(AV57), DAY(AV57))","v":"2049-03-31"},{"$f":"DATE(YEAR(AW57) + 1, MONTH(AW57), DAY(AW57))","v":"2050-03-31"}]
[]
[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,{"$f":"365.25*24","v":8766}]
[]
[null,null,null,null,"Cap availability incentive ratio",null,"ratio",null,1]
[null,null,null,null,"Cap availability incentive target",null,"%",null,0.93]
[null,null,null,null,"Cap availability incentive upper limit",null,"scalar",null,1.02]
[null,null,null,null,"Cap availability incentive lower limit",null,"scalar",null,0.98]
[]
[null,null,null,null,"Total Interconnector Outages during Active Cap period",null,"MWh",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Allowed Outages during Active Cap period",null,"MWh",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Cap period",null,"MWh","IOt",null,null,{"$f":"K67-K68","v":0},0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"X67-X68","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages during Active Floor period",null,"MWh",null,null,null,{"$f":"K68-K69","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Allowed Outages during Active Floor period",null,"MWh",null,null,null,{"$f":"K69-K70","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Floor period",null,"MWh","IOt",null,null,{"$f":"K70-K71","v":0},0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"X70-X71","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Outages associated with Exceptional Events",null,"MWh",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AA71-AA72","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]
[]
[null,null,null,null,"Floor availability incentive target",null,"%",null,0.8]
[]
[null,null,"Tax - Operational Period"]
[]
[null,null,null,null,"Operational Year",null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[null,null,null,null,"Corporation tax rate",null,"%",null,null,null,0.2,0.2,{"$f":"L81","v":0.2},{"$f":"M81","v":0.2},{"$f":"N81","v":0.2},{"$f":"O81","v":0.2},{"$f":"P81","v":0.2},{"$f":"Q81","v":0.2},{"$f":"R81","v":0.2},{"$f":"S81","v":0.2},{"$f":"T81","v":0.2},{"$f":"U81","v":0.2},{"$f":"V81","v":0.2},{"$f":"W81","v":0.2},{"$f":"X81","v":0.2},{"$f":"Y81","v":0.2},{"$f":"Z81","v":0.2},{"$f":"AA81","v":0.2},{"$f":"AB81","v":0.2},{"$f":"AC81","v":0.2},{"$f":"AD81","v":0.2},{"$f":"AE81","v":0.2},{"$f":"AF81","v":0.2},{"$f":"AG81","v":0.2},{"$f":"AH81","v":0.2}]
[null,null,null,null,"Capital allowance rate (declining balance)",null,"%",null,null,null,0.08,0.08,{"$f":"L82","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]
[]
[]
[]
[null,null,null,null,"Corporation tax rate",null,"%",null,null,null,null,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,0.2,{"$f":"W86","v":0.2},{"$f":"X86","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,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,{"$f":"W87","v":0.08},{"$f":"X87","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,"Project year",null,null,null,null,null,{"$f":" - $I$116 + 1","v":-10},{"$f":"K90 + 1","v":-9},{"$f":"L90 + 1","v":-8},{"$f":"M90 + 1","v":-7},{"$f":"N90 + 1","v":-6},{"$f":"O90 + 1","v":-5},{"$f":"P90 + 1","v":-4},{"$f":"Q90 + 1","v":-3},{"$f":"R90 + 1","v":-2},{"$f":"S90 + 1","v":-1},{"$f":"T90 + 1","v":0},{"$f":"U90 + 1","v":1},{"$f":"V90 + 1","v":2},{"$f":"W90 + 1","v":3},{"$f":"X90 + 1","v":4},{"$f":"Y90 + 1","v":5},{"$f":"Z90 + 1","v":6},{"$f":"AA90 + 1","v":7},{"$f":"AB90 + 1","v":8},{"$f":"AC90 + 1","v":9},{"$f":"AD90 + 1","v":10},{"$f":"AE90 + 1","v":11},{"$f":"AF90 + 1","v":12},{"$f":"AG90 + 1","v":13},{"$f":"AH90 + 1","v":14},{"$f":"AI90 + 1","v":15},{"$f":"AJ90 + 1","v":16},{"$f":"AK90 + 1","v":17},{"$f":"AL90 + 1","v":18},{"$f":"AM90 + 1","v":19},{"$f":"AN90 + 1","v":20},{"$f":"AO90 + 1","v":21},{"$f":"AP90 + 1","v":22},{"$f":"AQ90 + 1","v":23},{"$f":"AR90 + 1","v":24},{"$f":"AS90 + 1","v":25},{"$f":"AT90 + 1","v":26},{"$f":"AU90 + 1","v":27},{"$f":"AV90 + 1","v":28},{"$f":"AW90 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"$I$107","v":"2010-04-01"},{"$f":"+K92+1","v":"2011-04-01"},{"$f":"+L92+1","v":"2012-04-01"},{"$f":"+M92+1","v":"2013-04-01"},{"$f":"+N92+1","v":"2014-04-01"},{"$f":"+O92+1","v":"2015-04-01"},{"$f":"+P92+1","v":"2016-04-01"},{"$f":"+Q92+1","v":"2017-04-01"},{"$f":"+R92+1","v":"2018-04-01"},{"$f":"+S92+1","v":"2019-04-01"},{"$f":"+T92+1","v":"2020-04-01"},{"$f":"+U92+1","v":"2021-04-01"},{"$f":"+V92+1","v":"2022-04-01"},{"$f":"+W92+1","v":"2023-04-01"},{"$f":"+X92+1","v":"2024-04-01"},{"$f":"+Y92+1","v":"2025-04-01"},{"$f":"+Z92+1","v":"2026-04-01"},{"$f":"+AA92+1","v":"2027-04-01"},{"$f":"+AB92+1","v":"2028-04-01"},{"$f":"+AC92+1","v":"2029-04-01"},{"$f":"+AD92+1","v":"2030-04-01"},{"$f":"+AE92+1","v":"2031-04-01"},{"$f":"+AF92+1","v":"2032-04-01"},{"$f":"+AG92+1","v":"2033-04-01"},{"$f":"+AH92+1","v":"2034-04-01"},{"$f":"+AI92+1","v":"2035-04-01"},{"$f":"+AJ92+1","v":"2036-04-01"},{"$f":"+AK92+1","v":"2037-04-01"},{"$f":"+AL92+1","v":"2038-04-01"},{"$f":"+AM92+1","v":"2039-04-01"},{"$f":"+AN92+1","v":"2040-04-01"},{"$f":"+AO92+1","v":"2041-04-01"},{"$f":"+AP92+1","v":"2042-04-01"},{"$f":"+AQ92+1","v":"2043-04-01"},{"$f":"+AR92+1","v":"2044-04-01"},{"$f":"+AS92+1","v":"2045-04-01"},{"$f":"+AT92+1","v":"2046-04-01"},{"$f":"+AU92+1","v":"2047-04-01"},{"$f":"+AV92+1","v":"2048-04-01"},{"$f":"+AW92+1","v":"2049-04-01"}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"EOMONTH(K91,11)","v":"2011-03-31"},{"$f":"DATE(YEAR(K92) + 1, MONTH(K92), DAY(K92))","v":"2012-03-31"},{"$f":"DATE(YEAR(L92) + 1, MONTH(L92), DAY(L92))","v":"2013-03-31"},{"$f":"DATE(YEAR(M92) + 1, MONTH(M92), DAY(M92))","v":"2014-03-31"},{"$f":"DATE(YEAR(N92) + 1, MONTH(N92), DAY(N92))","v":"2015-03-31"},{"$f":"DATE(YEAR(O92) + 1, MONTH(O92), DAY(O92))","v":"2016-03-31"},{"$f":"DATE(YEAR(P92) + 1, MONTH(P92), DAY(P92))","v":"2017-03-31"},{"$f":"DATE(YEAR(Q92) + 1, MONTH(Q92), DAY(Q92))","v":"2018-03-31"},{"$f":"DATE(YEAR(R92) + 1, MONTH(R92), DAY(R92))","v":"2019-03-31"},{"$f":"DATE(YEAR(S92) + 1, MONTH(S92), DAY(S92))","v":"2020-03-31"},{"$f":"DATE(YEAR(T92) + 1, MONTH(T92), DAY(T92))","v":"2021-03-31"},{"$f":"DATE(YEAR(U92) + 1, MONTH(U92), DAY(U92))","v":"2022-03-31"},{"$f":"DATE(YEAR(V92) + 1, MONTH(V92), DAY(V92))","v":"2023-03-31"},{"$f":"DATE(YEAR(W92) + 1, MONTH(W92), DAY(W92))","v":"2024-03-31"},{"$f":"DATE(YEAR(X92) + 1, MONTH(X92), DAY(X92))","v":"2025-03-31"},{"$f":"DATE(YEAR(Y92) + 1, MONTH(Y92), DAY(Y92))","v":"2026-03-31"},{"$f":"DATE(YEAR(Z92) + 1, MONTH(Z92), DAY(Z92))","v":"2027-03-31"},{"$f":"DATE(YEAR(AA92) + 1, MONTH(AA92), DAY(AA92))","v":"2028-03-31"},{"$f":"DATE(YEAR(AB92) + 1, MONTH(AB92), DAY(AB92))","v":"2029-03-31"},{"$f":"DATE(YEAR(AC92) + 1, MONTH(AC92), DAY(AC92))","v":"2030-03-31"},{"$f":"DATE(YEAR(AD92) + 1, MONTH(AD92), DAY(AD92))","v":"2031-03-31"},{"$f":"DATE(YEAR(AE92) + 1, MONTH(AE92), DAY(AE92))","v":"2032-03-31"},{"$f":"DATE(YEAR(AF92) + 1, MONTH(AF92), DAY(AF92))","v":"2033-03-31"},{"$f":"DATE(YEAR(AG92) + 1, MONTH(AG92), DAY(AG92))","v":"2034-03-31"},{"$f":"DATE(YEAR(AH92) + 1, MONTH(AH92), DAY(AH92))","v":"2035-03-31"},{"$f":"DATE(YEAR(AI92) + 1, MONTH(AI92), DAY(AI92))","v":"2036-03-31"},{"$f":"DATE(YEAR(AJ92) + 1, MONTH(AJ92), DAY(AJ92))","v":"2037-03-31"},{"$f":"DATE(YEAR(AK92) + 1, MONTH(AK92), DAY(AK92))","v":"2038-03-31"},{"$f":"DATE(YEAR(AL92) + 1, MONTH(AL92), DAY(AL92))","v":"2039-03-31"},{"$f":"DATE(YEAR(AM92) + 1, MONTH(AM92), DAY(AM92))","v":"2040-03-31"},{"$f":"DATE(YEAR(AN92) + 1, MONTH(AN92), DAY(AN92))","v":"2041-03-31"},{"$f":"DATE(YEAR(AO92) + 1, MONTH(AO92), DAY(AO92))","v":"2042-03-31"},{"$f":"DATE(YEAR(AP92) + 1, MONTH(AP92), DAY(AP92))","v":"2043-03-31"},{"$f":"DATE(YEAR(AQ92) + 1, MONTH(AQ92), DAY(AQ92))","v":"2044-03-31"},{"$f":"DATE(YEAR(AR92) + 1, MONTH(AR92), DAY(AR92))","v":"2045-03-31"},{"$f":"DATE(YEAR(AS92) + 1, MONTH(AS92), DAY(AS92))","v":"2046-03-31"},{"$f":"DATE(YEAR(AT92) + 1, MONTH(AT92), DAY(AT92))","v":"2047-03-31"},{"$f":"DATE(YEAR(AU92) + 1, MONTH(AU92), DAY(AU92))","v":"2048-03-31"},{"$f":"DATE(YEAR(AV92) + 1, MONTH(AV92), DAY(AV92))","v":"2049-03-31"},{"$f":"DATE(YEAR(AW92) + 1, MONTH(AW92), DAY(AW92))","v":"2050-03-31"}]
[]
[null,null,null,null,"GB allocation",null,"%",null,1]
[null,null,null,null,"Expected UK RPI inflation",null,"%",null,{"$f":"'Market data'!I54","v":2.7099999999999999E-2}]
[null,null,null,null,"End date of price base year",null,"date",null,"2016-03-31"]
[null,null,null,null,{"$f":"'RPI and currency'!E11","v":"2015/16 RPI inflation index value (CHAW)"},null,{"$f":"'RPI and currency'!G11","v":"Jan 1987 = 100"},null,{"$f":"'RPI and currency'!I11","v":259.43299999999999}]
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[null,"Inflation"]
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[]
[null,null,"Ex post actuals"]
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[null,null,null,null,"GB inflation uplift (actual)",null,"scalar",null,null,null,{"$f":"K70 / $I69","v":0.87296141971144769},0.91484892053054168,0.94311440718798312,0.97031988991377349,0.98933828772746712,1,1.0270999999999999,1.05493441,1.0835231325109997,1.1128866094020478,1.143045836516843,1.1740223786864492,1.2058383851488519,1.2385166053863856,1.2720804053923565,1.3065537843784893,1.3419613919351461,1.3783285456565886,1.4156812492438819,1.4540462110983909,1.4934508634191572,1.5339233818178162,1.5754927054650789,1.6181885577831825,1.6620414676991067,1.7070827914737523,1.753344735122691,1.8008603774445158,1.8496636936732618,1.8997895797718072,1.9512738773836229,2.0041533994607188,2.0584659565861041,2.1142503840095874,2.1715465694162468,2.2303954814474274,2.2908391989946524,2.3529209412874073,2.4166850987962958,2.4821772649736751]
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[]
[null,"End of sheet"]

{"sheet":"Op_RAV","index":4,"n_rows":52,"n_cols":35,"rows_kept":52,"cut":false,"hidden":false,"merged":[]}
["Op_RAV",null,null,null,null,null,null,"Licence"]
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[]
[]
[null,"Running total RAV"]
[]
[null,null,"Operational"]
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[null,null,null,null,"Opening operational RAV (before transfers)",null,"£m 15/16 prices",null,null,null,{"$f":"J17","v":0},696.21044966469867,667.20168092866959,638.19291219264051,609.18414345661142,580.17537472058234,551.16660598455326,522.15783724852417,493.14906851249503,464.14029977646589,435.13153104043676,406.12276230440762,377.11399356837848,348.10522483234934,319.09645609632025,305.08768736029111,274.57891862426197,244.07014988823286,213.56138115220375,183.05261241617464,152.54384368014553,122.03507494411642,91.526306208087306,61.017537472058208,30.508768736029104]
[null,null,null,null,"Transfers of Transaction Costs",null,"£m 15/16 prices",null,null,null,{"$f":"-SUM(Finance!K53:AX53)","v":41.634755024384155}]
[null,null,null,null,"Transfers from pre-operational RAV",null,"£m 15/16 prices",null,null,null,{"$f":"-SUM(Pre_Op_RAV!K24:AX24)","v":683.58446337634359}]
[null,null,null,null,"Opening operational RAV (after transfers)",null,"£m 15/16 prices",null,null,null,{"$f":"SUM(K11:K13)","v":725.21921840072775},696.21044966469867,{"$f":"SUM(M11:M13)","v":667.20168092866959},638.19291219264051,609.18414345661142,580.17537472058234,551.16660598455326,522.15783724852417,493.14906851249503,464.14029977646589,435.13153104043676,406.12276230440762,377.11399356837848,348.10522483234934,319.09645609632025,305.08768736029111,274.57891862426197,244.07014988823286,213.56138115220375,183.05261241617464,152.54384368014553,122.03507494411642,91.526306208087306,61.017537472058208,30.508768736029104]
[null,null,null,null,"Replacement capex",null,"£m 15/16 prices",null,null,null,{"$f":"Input!K32","v":0},{"$f":"Input!L32","v":0},{"$f":"Input!M32","v":0},{"$f":"Input!N32","v":0},{"$f":"Input!O32","v":0},{"$f":"Input!P32","v":0},{"$f":"Input!Q32","v":0},{"$f":"Input!R32","v":0},{"$f":"Input!S32","v":0},{"$f":"Input!T32","v":0},{"$f":"Input!U32","v":0},{"$f":"Input!V32","v":0},{"$f":"Input!W32","v":0},{"$f":"Input!X32","v":0},{"$f":"Input!Y32","v":15},{"$f":"Input!Z32","v":0},{"$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}]
[null,null,null,null,"Depreciation (negative)",null,"£m 15/16 prices",null,null,null,{"$f":" - K29","v":-29.008768736029111},{"$f":" - L29","v":-29.008768736029111},{"$f":" - M29","v":-29.008768736029111},-29.008768736029115,-29.008768736029115,-29.008768736029118,-29.008768736029118,-29.008768736029122,-29.008768736029118,-29.008768736029118,-29.008768736029118,-29.008768736029115,-29.008768736029115,-29.008768736029111,-29.008768736029115,-30.508768736029111,-30.508768736029108,-30.508768736029108,-30.508768736029108,-30.508768736029108,-30.508768736029104,-30.508768736029104,-30.508768736029101,-30.508768736029104,-30.508768736029104]
[null,null,null,null,"Closing operational RAV",null,"£m 15/16 prices",null,null,null,{"$f":"SUM(K14:K16)","v":696.21044966469867},667.20168092866959,638.19291219264051,609.18414345661142,580.17537472058234,551.16660598455326,522.15783724852417,493.14906851249503,464.14029977646589,435.13153104043676,406.12276230440762,377.11399356837848,348.10522483234934,319.09645609632025,305.08768736029111,274.57891862426197,244.07014988823286,213.56138115220375,183.05261241617464,152.54384368014553,122.03507494411642,91.526306208087306,61.017537472058208,30.508768736029104,0]
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[null,null,null,null,"Average operational RAV",null,"£m 15/16 prices",null,null,null,{"$f":"AVERAGE(K14, K17)","v":710.71483403271327},681.70606529668407,652.6972965606551,623.68852782462591,594.67975908859694,565.67099035256774,536.66222161653877,507.65345288050958,478.64468414448049,449.6359154084513,420.62714667242221,391.61837793639302,362.60960920036393,333.60084046433479,312.09207172830565,289.83330299227657,259.32453425624743,228.81576552021829,198.30699678418921,167.79822804816007,137.28945931213099,106.78069057610186,76.271921840072764,45.763153104043653,15.254384368014552]
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[]
[]
[null,"RAV depreciation"]
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[null,null,null,null,"Number of operational years",null,"full years",null,{"$f":"Input!I117","v":25}]
[null,null,null,null,"Years remaining until end of operational period",null,"full years",null,null,null,{"$f":"I25","v":25},{"$f":"+K26-1","v":24},{"$f":"+L26-1","v":23},22,21,20,19,18,17,16,15,14,13,12,11,10,9,8,7,6,5,4,3,2,1]
[null,null,null,null,"Year is before end of operational period",null,"flag",null,null,null,{"$f":"K26 > 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]
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[null,null,null,null,"RAV depreciation",null,"£m 15/16 prices",null,null,null,{"$f":"IF(K27, K14 / K26, 0)","v":29.008768736029111},29.008768736029111,29.008768736029111,29.008768736029115,29.008768736029115,29.008768736029118,29.008768736029118,29.008768736029122,29.008768736029118,29.008768736029118,29.008768736029118,29.008768736029115,29.008768736029115,29.008768736029111,29.008768736029115,30.508768736029111,30.508768736029108,30.508768736029108,30.508768736029108,30.508768736029108,30.508768736029104,30.508768736029104,30.508768736029101,30.508768736029104,30.508768736029104]
[]
[null,null,null,null,"Depreciation equal to additions",null,"test",null,{"$f":"SUM(Pre_Op_RAV!K19:AX22,Finance!K47:AX50,Finance!K52:AX52,K15:AI15) = SUM(K29:AX29)","v":true}]
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[null,"Operational RAV return"]
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[null,null,null,null,null,null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[null,null,null,null,"Cap returns",null,{"$f":"Input!G43","v":"real annual %"},null,{"$f":"Input!I43","v":7.9749999999999988E-2}]
[null,null,null,null,"Floor returns",null,{"$f":"Input!G44","v":"real annual %"},null,{"$f":"Input!I44","v":8.8000000000000005E-3}]
[]
[null,null,null,null,"Opening operational RAV (after transfers)",null,"£m 15/16 prices",null,null,null,{"$f":"K14","v":725.21921840072775},{"$f":"L14","v":696.21044966469867},667.20168092866959,638.19291219264051,609.18414345661142,580.17537472058234,551.16660598455326,522.15783724852417,493.14906851249503,464.14029977646589,435.13153104043676,406.12276230440762,377.11399356837848,348.10522483234934,319.09645609632025,305.08768736029111,274.57891862426197,244.07014988823286,213.56138115220375,183.05261241617464,152.54384368014553,122.03507494411642,91.526306208087306,61.017537472058208,30.508768736029104]
[null,null,null,null,"Closing operational RAV",null,"£m 15/16 prices",null,null,null,{"$f":"K17","v":696.21044966469867},{"$f":"L17","v":667.20168092866959},638.19291219264051,609.18414345661142,580.17537472058234,551.16660598455326,522.15783724852417,493.14906851249503,464.14029977646589,435.13153104043676,406.12276230440762,377.11399356837848,348.10522483234934,319.09645609632025,305.08768736029111,274.57891862426197,244.07014988823286,213.56138115220375,183.05261241617464,152.54384368014553,122.03507494411642,91.526306208087306,61.017537472058208,30.508768736029104,0]
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[null,null,null,null,"NPV neutral return base  (cap)",null,"£m 15/16 prices",null,null,null,{"$f":"0.5 * K$40 + 0.5 * K$41 / (1 + $I37)","v":685.00389012868004},657.06641072198568,629.12893131529131,601.19145190859695,573.25397250190258,545.31649309520822,517.37901368851385,489.44153428181937,461.50405487512501,433.56657546843053,405.62909606173616,377.69161665504168,349.75413724834732,321.8166578416529,300.82523076188602,279.69314612249889,250.3110614831117,220.92897684372457,191.54689220433741,162.16480756495025,132.78272292556312,103.40063828617596,74.018553646788831,44.636469007401693,15.254384368014552]
[null,null,null,null,"NPV neutral return base (floor)",null,"£m 15/16 prices",null,null,null,{"$f":"0.5 * K$40 + 0.5 * K$41 / (1 + $I38)","v":707.67823016819625},678.79598659318879,649.91374301818121,621.03149944317374,592.14925586816616,563.26701229315859,534.38476871815101,505.50252514314343,476.62028156813585,447.73803799312827,418.85579441812069,389.97355084311306,361.09130726810542,332.20906369309785,310.76139585163514,288.63569470327303,258.25999355491098,227.88429240654892,197.50859125818687,167.13289010982481,136.75718896146276,106.38148781310069,76.00578666473865,45.630085516376596,15.254384368014552]
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[null,null,null,null,"Return (cap)",null,"£m 15/16 prices",null,null,null,{"$f":"K43 * $I37","v":54.629060237762225},52.401046255078349,50.173032272394472,47.945018289710596,45.717004307026727,43.488990324342851,41.260976341658974,39.032962358975091,36.804948376291215,34.576934393607331,32.348920410923455,30.120906428239568,27.892892445555695,25.664878462871815,23.990812153260407,22.305528403269282,19.962307153278154,17.619085903287033,15.275864653295907,12.93264340330478,10.589422153313658,8.2462009033225314,5.9029796533314087,3.5597584033402847,1.2165371533491602]
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[]
[]
[]
[null,"End of sheet"]

{"sheet":"AllowancesCap","index":5,"n_rows":38,"n_cols":35,"rows_kept":38,"cut":false,"hidden":false,"merged":[]}
["AllowancesCap",null,null,null,null,null,null,"Licence"]
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[null,"Unprofiled allowances except tax (cap)"]
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[null,null,null,null,"Controllable opex",null,"£m 15/16 prices",null,null,null,{"$f":"Input!K34","v":15.284800000000001},{"$f":"Input!L34","v":15.284800000000001},{"$f":"Input!M34","v":15.284800000000001},{"$f":"Input!N34","v":15.284800000000001},{"$f":"Input!O34","v":15.284800000000001},{"$f":"Input!P34","v":15.284800000000001},{"$f":"Input!Q34","v":15.284800000000001},{"$f":"Input!R34","v":15.284800000000001},{"$f":"Input!S34","v":15.284800000000001},{"$f":"Input!T34","v":15.284800000000001},{"$f":"Input!U34","v":15.284800000000001},{"$f":"Input!V34","v":15.284800000000001},{"$f":"Input!W34","v":15.284800000000001},{"$f":"Input!X34","v":15.284800000000001},{"$f":"Input!Y34","v":15.284800000000001},{"$f":"Input!Z34","v":15.284800000000001},{"$f":"Input!AA34","v":15.284800000000001},{"$f":"Input!AB34","v":15.284800000000001},{"$f":"Input!AC34","v":15.284800000000001},{"$f":"Input!AD34","v":15.284800000000001},{"$f":"Input!AE34","v":15.284800000000001},{"$f":"Input!AF34","v":15.284800000000001},{"$f":"Input!AG34","v":15.284800000000001},{"$f":"Input!AH34","v":15.284800000000001},{"$f":"Input!AI34","v":15.284800000000001}]
[null,null,null,null,"Non-controllable opex (baseline)",null,"£m 15/16 prices",null,null,null,{"$f":"Input!K35","v":0},{"$f":"Input!L35","v":0},{"$f":"Input!M35","v":0},{"$f":"Input!N35","v":0},{"$f":"Input!O35","v":0},{"$f":"Input!P35","v":0},{"$f":"Input!Q35","v":0},{"$f":"Input!R35","v":0},{"$f":"Input!S35","v":0},{"$f":"Input!T35","v":0},{"$f":"Input!U35","v":0},{"$f":"Input!V35","v":0},{"$f":"Input!W35","v":0},{"$f":"Input!X35","v":0},{"$f":"Input!Y35","v":0},{"$f":"Input!Z35","v":0},{"$f":"Input!AA35","v":0},{"$f":"Input!AB35","v":0},{"$f":"Input!AC35","v":0},{"$f":"Input!AD35","v":0},{"$f":"Input!AE35","v":0},{"$f":"Input!AF35","v":0},{"$f":"Input!AG35","v":0},{"$f":"Input!AH35","v":0},{"$f":"Input!AI35","v":0}]
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[null,null,"Allowances except tax"]
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[null,null,null,null,"Discounted unprofiled allowances except tax (floor)",null,"£m 15/16 prices",null,null,null,{"$f":"K15 * K$26","v":50.080429382939379},{"$f":"L15 * L$26","v":49.393817178505188},48.715373071857314,48.045006806158668,47.382629077685372,46.728151526066398,46.081486724620916,45.442548170792456,44.811250276678955,44.187508359657684,43.571238633103995,42.962358197203365,42.360785029855357,{"$f":"X15 * X$26","v":41.766437977668836},41.236603828865661,42.011446280957827,41.41465527017224,40.825079302280386,40.242637912960596,39.667251492682091,39.098841277914943,38.53732934242808,37.982638588674973,37.434692739265728,42.114810950579766]
[null,null,null,null,"NPV of allowances except tax (floor)",null,"£m 15/16 prices",null,{"$f":"SUM(K30:AI30)","v":1082.0950073995762}]
[]
[null,null,null,null,"Annuity factor (floor)",null,{"$f":"G$23","v":"scalar"},null,{"$f":"I$23","v":4.4736242304815661E-2}]
[]
[null,null,null,null,"Annuity of allowances except tax (floor)",null,"£m 15/16 prices",null,{"$f":"I31 * I33","v":48.408864447858733}]
[null,null,null,null,"Annuitised allowances except tax (floor)",null,"£m 15/16 prices",null,null,null,{"$f":"K$25 * $I35","v":48.408864447858733},48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,{"$f":"X$25 * $I35","v":48.408864447858733},48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733,48.408864447858733]
[]
[null,"End of sheet"]

{"sheet":"Deductions","index":7,"n_rows":68,"n_cols":35,"rows_kept":68,"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"]
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[]
[]
[]
[null,"Tax deductions"]
[]
[null,null,null,null,null,null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[null,null,null,null,"RPI Scalar from 2015/16 terms to start of regime",null,"scalar",null,{"$f":"Input!I111","v":1.1508757233464444}]
[null,null,null,null,"Expected UK RPI inflation",null,"%",null,{"$f":"Input!I95","v":2.7099999999999999E-2}]
[null,null,null,null,"Forecast GB Inflation Uplift",null,"scalar",null,null,null,{"$f":"I10*(1+$I$11)^0.5","v":1.1663658453534818},{"$f":"K12*(1+$I$11)","v":1.1979743597625609},{"$f":"L12*(1+$I$11)","v":1.2304394649121262},1.2637843744112447,1.2980329309577894,1.3332096233867454,1.3693396041805261,1.4064487074538183,1.4445634674258168,1.4837111373930563,1.5239197092164078,1.5652179333361724,1.6076353393295826,1.6512022570254141,1.6959498381908027,1.7419100788057733,1.7891158419414095,1.8376008812580216,1.8873998651401138,1.9385484014854106,1.9910830631656651,2.0450414141774544,2.1004620365016633,2.1573845576908584,2.2158496792042803]
[]
[]
[null,null,"Total"]
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[null,null,null,null,"Revenue pool additions",null,"£m nominal",null,null,null,{"$f":"K30","v":17.827668673058898},18.310798494098794,18.807021133288867,19.316691406000995,19.84017374310362,20.377842451541728,20.930081981978507,21.497287203690124,{"$f":"S30","v":22.079863686910127},22.678227992825388,23.292807971430953,23.924043067456729,24.572384634584804,{"$f":"X30","v":25.23829625818205},25.922254086778782,26.624747172530483,27.346277820906057,28.08736194985261,28.848529458693612,29.630324607024207,30.43330640387456,31.258049007419558,32.105142135520623,32.975191487393232,33.868819176701585]
[null,null,null,null,"Capital allowances",null,"£m nominal",null,null,null,{"$f":"K45","v":49.392195738209004},45.440820079152282,41.805554472820099,38.461110114994483,35.384221305794931,32.55348360133133,29.949204913224825,27.553268520166839,{"$f":"S45","v":25.349007038553491},23.321086475469212,21.455399557431676,19.738967592837138,18.159850185410168,{"$f":"X45","v":16.707062170577355},17.40563700276013,16.013186042539321,14.732131159136173,13.553560666405279,12.469275813092857,11.471733748045429,10.553995048201793,9.709675444345649,8.9329014087979974,8.2182692960941583,94.510096905082804]
[null,null,null,null,"Interest Payable",null,"£m nominal",null,null,null,{"$f":"K61","v":15.081259745323116},14.699890704935287,14.304739567108783,13.895308267790959,13.471080743651365,13.031522281615201,12.576078844889913,12.104176374635397,{"$f":"S61","v":11.615220066397638},11.108593620393757,10.583658464703491,10.039752950388017,9.4761915175215634,{"$f":"X61","v":8.8922638310846942},8.28723388563008,7.6603390775922522,7.010789244072047,6.3377656668841684,5.6404200406125584,4.9178734033728428,4.1692150289341736,3.3935012788040209,2.5897544128290635,1.7569613568130082,0.89407242559797795]
[null,null,null,null,"Debt transaction costs",null,"£m nominal",null,null,null,{"$f":"SUMPRODUCT(Finance!K47:AX47,Finance!K65:AX65)+SUMPRODUCT(Finance!K49:AX49,Finance!K65:AX65)","v":8.9773136906163362}]
[null,null,null,null,"Total tax deductions",null,"£m nominal",null,null,null,{"$f":"SUM(K17:K20)","v":91.278437847207357},78.451509278186364,74.917315173217744,71.673109788786434,68.695475792549914,65.962848334488257,63.455365740093249,61.15473209849236,{"$f":"SUM(S17:S20)","v":59.044090791861258},57.107908088688355,55.331865993566119,53.702763610681885,52.208426337516535,{"$f":"SUM(X17:X20)","v":50.837622259844096},51.615124975168989,50.298272292662062,49.08919822411427,47.978688283142056,46.95822531239903,46.019931758442482,45.156516481010527,44.361225730569231,43.627797957147685,42.950422140300397,129.27298850738237]
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[null,null,"Tax pools"]
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[null,null,null,"Revenue pool"]
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[null,null,null,null,"Controllable opex",null,"£m nominal",null,null,null,{"$f":"Input!K34 * K$12","v":17.827668673058898},{"$f":"Input!L34 * L$12","v":18.310798494098794},{"$f":"Input!M34 * M$12","v":18.807021133288867},{"$f":"Input!N34 * N$12","v":19.316691406000995},{"$f":"Input!O34 * O$12","v":19.84017374310362},{"$f":"Input!P34 * P$12","v":20.377842451541728},{"$f":"Input!Q34 * Q$12","v":20.930081981978507},{"$f":"Input!R34 * R$12","v":21.497287203690124},{"$f":"Input!S34 * S$12","v":22.079863686910127},{"$f":"Input!T34 * T$12","v":22.678227992825388},{"$f":"Input!U34 * U$12","v":23.292807971430953},{"$f":"Input!V34 * V$12","v":23.924043067456729},{"$f":"Input!W34 * W$12","v":24.572384634584804},{"$f":"Input!X34 * X$12","v":25.23829625818205},{"$f":"Input!Y34 * Y$12","v":25.922254086778782},{"$f":"Input!Z34 * Z$12","v":26.624747172530483},{"$f":"Input!AA34 * AA$12","v":27.346277820906057},{"$f":"Input!AB34 * AB$12","v":28.08736194985261},{"$f":"Input!AC34 * AC$12","v":28.848529458693612},{"$f":"Input!AD34 * AD$12","v":29.630324607024207},{"$f":"Input!AE34 * AE$12","v":30.43330640387456},{"$f":"Input!AF34 * AF$12","v":31.258049007419558},{"$f":"Input!AG34 * AG$12","v":32.105142135520623},{"$f":"Input!AH34 * AH$12","v":32.975191487393232},{"$f":"Input!AI34 * AI$12","v":33.868819176701585}]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m nominal",null,null,null,{"$f":"Input!K36*K$12","v":0},{"$f":"Input!L36*L$12","v":0},{"$f":"Input!M36*M$12","v":0},{"$f":"Input!N36*N$12","v":0},{"$f":"Input!O36*O$12","v":0},{"$f":"Input!P36*P$12","v":0},{"$f":"Input!Q36*Q$12","v":0},{"$f":"Input!R36*R$12","v":0},{"$f":"Input!S36*S$12","v":0},{"$f":"Input!T36*T$12","v":0},{"$f":"Input!U36*U$12","v":0},{"$f":"Input!V36*V$12","v":0},{"$f":"Input!W36*W$12","v":0},{"$f":"Input!X36*X$12","v":0},{"$f":"Input!Y36*Y$12","v":0},{"$f":"Input!Z36*Z$12","v":0},{"$f":"Input!AA36*AA$12","v":0},{"$f":"Input!AB36*AB$12","v":0},{"$f":"Input!AC36*AC$12","v":0},{"$f":"Input!AD36*AD$12","v":0},{"$f":"Input!AE36*AE$12","v":0},{"$f":"Input!AF36*AF$12","v":0},{"$f":"Input!AG36*AG$12","v":0},{"$f":"Input!AH36*AH$12","v":0},{"$f":"Input!AI36*AI$12","v":0}]
[null,null,null,null,"Non-controllable opex (baseline)",null,"£m nominal",null,null,null,{"$f":"Input!K35 * K$12","v":0},{"$f":"Input!L35 * L$12","v":0},{"$f":"Input!M35 * M$12","v":0},{"$f":"Input!N35 * N$12","v":0},{"$f":"Input!O35 * O$12","v":0},{"$f":"Input!P35 * P$12","v":0},{"$f":"Input!Q35 * Q$12","v":0},{"$f":"Input!R35 * R$12","v":0},{"$f":"Input!S35 * S$12","v":0},{"$f":"Input!T35 * T$12","v":0},{"$f":"Input!U35 * U$12","v":0},{"$f":"Input!V35 * V$12","v":0},{"$f":"Input!W35 * W$12","v":0},{"$f":"Input!X35 * X$12","v":0},{"$f":"Input!Y35 * Y$12","v":0},{"$f":"Input!Z35 * Z$12","v":0},{"$f":"Input!AA35 * AA$12","v":0},{"$f":"Input!AB35 * AB$12","v":0},{"$f":"Input!AC35 * AC$12","v":0},{"$f":"Input!AD35 * AD$12","v":0},{"$f":"Input!AE35 * AE$12","v":0},{"$f":"Input!AF35 * AF$12","v":0},{"$f":"Input!AG35 * AG$12","v":0},{"$f":"Input!AH35 * AH$12","v":0},{"$f":"Input!AI35 * AI$12","v":0}]
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[null,null,null,"Capital allowance pool"]
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[null,null,null,null,"Capital allowance rate (declining balance)",null,{"$f":"Input!G87","v":"%"},null,null,null,{"$f":"Input!K82","v":0.08},{"$f":"Input!L82","v":0.08},{"$f":"Input!M82","v":0.08},{"$f":"Input!N82","v":0.08},{"$f":"Input!O82","v":0.08},{"$f":"Input!P82","v":0.08},{"$f":"Input!Q82","v":0.08},{"$f":"Input!R82","v":0.08},{"$f":"Input!S82","v":0.08},{"$f":"Input!T82","v":0.08},{"$f":"Input!U82","v":0.08},{"$f":"Input!V82","v":0.08},{"$f":"Input!W82","v":0.08},{"$f":"Input!X82","v":0.08},{"$f":"Input!Y82","v":0.08},{"$f":"Input!Z82","v":0.08},{"$f":"Input!AA82","v":0.08},{"$f":"Input!AB82","v":0.08},{"$f":"Input!AC82","v":0.08},{"$f":"Input!AD82","v":0.08},{"$f":"Input!AE82","v":0.08},{"$f":"Input!AF82","v":0.08},{"$f":"Input!AG82","v":0.08},{"$f":"Input!AH82","v":0.08},{"$f":"Input!AI82","v":0.08}]
[null,null,null,null,"Number of operational years",null,{"$f":"Input!G117","v":"full years"},null,{"$f":"Input!I117","v":25}]
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[null,null,null,null,"Opening balance brought forward",null,"£m nominal",null,null,null,{"$f":"J43","v":0},568.01025098940352,{"$f":"L43","v":522.56943091025119},{"$f":"M43","v":480.76387643743107},{"$f":"N43","v":442.30276632243658},{"$f":"O43","v":406.91854501664164},{"$f":"P43","v":374.36506141531032},{"$f":"Q43","v":344.41585650208549},{"$f":"R43","v":316.86258798191864},{"$f":"S43","v":291.51358094336513},{"$f":"T43","v":268.19249446789593},{"$f":"U43","v":246.73709491046424},{"$f":"V43","v":226.99812731762711},{"$f":"W43","v":208.83827713221694},192.13121496163959,200.16482553174149,184.15163948920215,169.41950833006598,155.86594766366071,143.39667185056786,131.92493810252242,121.37094305432062,111.66126760997497,102.72836620117697,94.510096905082804]
[null,null,null,null,"Capex",null,"£m nominal",null,null,null,{"$f":"SUMPRODUCT(Pre_Op_RAV!K20:AX20,Finance!K71:AX71)","v":617.40244672761253}]
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[null,null,null,null,"Capital allowance (reducing balance)",null,"£m nominal",null,null,null,{"$f":"-K40 * K34","v":-49.392195738209004},{"$f":"-L40 * L34","v":-45.440820079152282},{"$f":"-M40 * M34","v":-41.805554472820099},-38.461110114994483,-35.384221305794931,-32.55348360133133,-29.949204913224825,-27.553268520166839,-25.349007038553491,-23.321086475469212,-21.455399557431676,-19.738967592837138,-18.159850185410168,-16.707062170577355,-17.40563700276013,-16.013186042539321,-14.732131159136173,-13.553560666405279,-12.469275813092857,-11.471733748045429,-10.553995048201793,-9.709675444345649,-8.9329014087979974,-8.2182692960941583,-7.5608077524066246]
[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,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-SUM(AI40:AI41)","v":-86.949289152676187}]
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[null,null,null,null,"Capital allowances",null,"£m nominal",null,null,null,{"$f":"-(K41 + K42)","v":49.392195738209004},45.440820079152282,41.805554472820099,38.461110114994483,35.384221305794931,32.55348360133133,29.949204913224825,27.553268520166839,25.349007038553491,23.321086475469212,21.455399557431676,19.738967592837138,18.159850185410168,{"$f":"-(X41 + X42)","v":16.707062170577355},17.40563700276013,16.013186042539321,14.732131159136173,13.553560666405279,12.469275813092857,11.471733748045429,10.553995048201793,9.709675444345649,8.9329014087979974,8.2182692960941583,94.510096905082804]
[]
[null,null,"Interest "]
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[null,null,null,"Cost of debt"]
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[null,null,null,null,"Cost of debt (for tax)",null,{"$f":"Input!G47","v":"real annual %"},null,{"$f":"Input!I47","v":8.8000000000000005E-3}]
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[null,null,null,"Net debt"]
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[null,null,null,null,"Number of operational years",null,{"$f":"Input!G117","v":"full years"},null,{"$f":"Input!I117","v":25}]
[null,null,null,null,"Operational notional gearing",null,{"$f":"Input!G49","v":"%"},null,{"$f":"Input!I49","v":0.5}]
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[null,null,null,null,"Principal repayments",null,"£m nominal",null,null,null,{"$f":"K62 - K61","v":10.552990617973734},{"$f":"L62 - L61","v":10.934359658361563},11.329510796188067,11.738942095505891,12.163169619645485,12.602728081681649,13.058171518406937,13.530073988661453,14.019030296899212,14.525656742903093,15.050591898593359,15.594497412908833,16.158058845775287,{"$f":"X62 - X61","v":16.741986532212156},17.34701647766677,17.973911285704599,18.623461119224803,19.296484696412683,19.993830322684293,20.716376959924006,21.465035334362675,22.24074908449283,23.044495950467788,23.877289006483842,24.740177937698871]
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[null,null,null,null,"Total",null,"£m nominal",null,null,null,{"$f":"$I$66*$I53/(1-(1+$I53)^(-$I57))","v":25.63425036329685},25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685,25.63425036329685]
[]
[null,null,null,null,"Opening net debt",null,"£m nominal",null,null,null,{"$f":"I66","v":417.31859628084027},{"$f":"K66","v":406.76560566286651},{"$f":"L66","v":395.83124600450492},384.50173520831686,372.76279311281098,360.5996234931655,347.99689541148382,334.93872389307688,321.40864990441543,307.38961960751624,292.86396286461314,277.81337096601976,262.21887355311094,246.06081470733565,229.31882817512349,211.9718116974567,193.99790041175211,175.37443929252731,156.07795459611464,136.08412427343035,115.36774731350634,93.902711979143675,71.661962894650841,48.61746694418305,24.740177937699208]
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[]
[null,"End of sheet"]

{"sheet":"TaxCap","index":8,"n_rows":46,"n_cols":35,"rows_kept":46,"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,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[]
[]
[null,"Tax (cap)"]
[]
[null,null,"Unprofiled tax allowance (cap)"]
[]
[null,null,null,"Profits attributable to corporation tax"]
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[null,null,null,null,"Annuitised allowances except tax (cap)",null,"£m nominal prices",null,null,null,{"$f":"AllowancesCap!K36 * Deductions!K$12","v":94.600036262153921},{"$f":"AllowancesCap!L36 * Deductions!L$12","v":97.16369724485827},{"$f":"AllowancesCap!M36 * Deductions!M$12","v":99.796833440193922},{"$f":"AllowancesCap!N36 * Deductions!N$12","v":102.50132762642316},{"$f":"AllowancesCap!O36 * Deductions!O$12","v":105.27911360509923},{"$f":"AllowancesCap!P36 * Deductions!P$12","v":108.13217758379741},{"$f":"AllowancesCap!Q36 * Deductions!Q$12","v":111.06255959631832},{"$f":"AllowancesCap!R36 * Deductions!R$12","v":114.07235496137854},{"$f":"AllowancesCap!S36 * Deductions!S$12","v":117.16371578083189},{"$f":"AllowancesCap!T36 * Deductions!T$12","v":120.33885247849243},{"$f":"AllowancesCap!U36 * Deductions!U$12","v":123.60003538065955},{"$f":"AllowancesCap!V36 * Deductions!V$12","v":126.94959633947542},{"$f":"AllowancesCap!W36 * Deductions!W$12","v":130.3899304002752},{"$f":"AllowancesCap!X36 * Deductions!X$12","v":133.92349751412263},{"$f":"AllowancesCap!Y36 * Deductions!Y$12","v":137.55282429675535},{"$f":"AllowancesCap!Z36 * Deductions!Z$12","v":141.2805058351974},{"$f":"AllowancesCap!AA36 * Deductions!AA$12","v":145.10920754333125},{"$f":"AllowancesCap!AB36 * Deductions!AB$12","v":149.0416670677555},{"$f":"AllowancesCap!AC36 * Deductions!AC$12","v":153.08069624529168},{"$f":"AllowancesCap!AD36 * Deductions!AD$12","v":157.22918311353905},{"$f":"AllowancesCap!AE36 * Deductions!AE$12","v":161.49009397591595},{"$f":"AllowancesCap!AF36 * Deductions!AF$12","v":165.86647552266325},{"$f":"AllowancesCap!AG36 * Deductions!AG$12","v":170.36145700932741},{"$f":"AllowancesCap!AH36 * Deductions!AH$12","v":174.97825249428018},{"$f":"AllowancesCap!AI36 * Deductions!AI$12","v":179.72016313687516}]
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[]
[null,null,null,"Tax losses"]
[]
[null,null,null,null,"Taxable losses brought forward",null,"£m nominal prices",null,null,null,{"$f":"J22","v":0},0,{"$f":"L22","v":0},{"$f":"M22","v":0},{"$f":"N22","v":0},{"$f":"O22","v":0},{"$f":"P22","v":0},{"$f":"Q22","v":0},{"$f":"R22","v":0},{"$f":"S22","v":0},{"$f":"T22","v":0},{"$f":"U22","v":0},{"$f":"V22","v":0},{"$f":"W22","v":0},0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"In-year taxable loss",null,"£m nominal prices",null,null,null,{"$f":"MIN(K15, 0)","v":0},{"$f":"MIN(L15, 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,{"$f":"MIN(X15, 0)","v":0},0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,{"$f":"IF(K15 >= 0, MIN(K15, -K19), 0)","v":0},{"$f":"IF(L15 >= 0, MIN(L15, -L19), 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(X15 >= 0, MIN(X15, -X19), 0)","v":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,{"$f":"SUM(K19:K21)","v":0},{"$f":"SUM(L19:L21)","v":0},0,0,0,0,0,0,0,0,0,0,0,{"$f":"SUM(X19:X21)","v":0},0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"Tax allowance"]
[]
[null,null,null,null,"Profits attributable to corporation tax (after taxable losses)",null,"£m nominal prices",null,null,null,{"$f":"MAX(K15 - K21,0)","v":3.321598414946564},{"$f":"MAX(L15 - L21,0)","v":18.712187966671905},24.879518266976177,30.828217837636728,36.583637812549313,42.169329249309158,47.607193856225074,52.917622862886176,58.119624988970635,63.230944389804073,68.268169387093423,73.246832728793535,78.181504062758677,{"$f":"MAX(X15 - X21,0)","v":83.085875254278534},{"$f":"MAX(Y15 - Y21,0)","v":85.937699321586365},90.98223354253534,96.020009319216982,101.06297878461345,106.12247093289264,111.20925135509657,116.33357749490543,121.50524979209402,126.73365905217972,132.02783035397979,50.447174629492793]
[null,null,null,null,"Corporation tax rate",null,{"$f":"Input!G86","v":"%"},null,null,null,{"$f":"Input!K81","v":0.2},{"$f":"Input!L81","v":0.2},{"$f":"Input!M81","v":0.2},{"$f":"Input!N81","v":0.2},{"$f":"Input!O81","v":0.2},{"$f":"Input!P81","v":0.2},{"$f":"Input!Q81","v":0.2},{"$f":"Input!R81","v":0.2},{"$f":"Input!S81","v":0.2},{"$f":"Input!T81","v":0.2},{"$f":"Input!U81","v":0.2},{"$f":"Input!V81","v":0.2},{"$f":"Input!W81","v":0.2},{"$f":"Input!X81","v":0.2},{"$f":"Input!Y81","v":0.2},{"$f":"Input!Z81","v":0.2},{"$f":"Input!AA81","v":0.2},{"$f":"Input!AB81","v":0.2},{"$f":"Input!AC81","v":0.2},{"$f":"Input!AD81","v":0.2},{"$f":"Input!AE81","v":0.2},{"$f":"Input!AF81","v":0.2},{"$f":"Input!AG81","v":0.2},{"$f":"Input!AH81","v":0.2},{"$f":"Input!AI81","v":0.2}]
[null,null,null,null,"Corporation tax charge after losses",null,"£m nominal prices",null,null,null,{"$f":"K26 * K27","v":0.66431968298931288},{"$f":"L26 * L27","v":3.7424375933343814},4.9759036533952354,6.1656435675273462,7.3167275625098629,8.4338658498618315,9.5214387712450144,10.583524572577236,11.623924997794127,12.646188877960816,13.653633877418685,14.649366545758708,15.636300812551736,{"$f":"X26 * X27","v":16.617175050855707},{"$f":"Y26 * Y27","v":17.187539864317273},18.196446708507068,19.204001863843398,20.212595756922692,21.224494186578529,22.241850271019317,23.266715498981085,24.301049958418805,25.346731810435944,26.40556607079596,10.089434925898559]
[]
[null,null,null,null,"\"Grossing-up\" factor for tax on tax charge after losses",null,"scalar",null,null,null,{"$f":"1 / (1 - K27)","v":1.25},{"$f":"1 / (1 - L27)","v":1.25},1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,{"$f":"1 / (1 - X27)","v":1.25},{"$f":"1 / (1 - Y27)","v":1.25},1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25,1.25]
[]
[null,null,null,null,"Unprofiled tax allowance (cap)",null,"£m nominal prices",null,null,null,{"$f":"K28 * K30","v":0.83039960373664112},{"$f":"L28 * L30","v":4.6780469916679763},6.2198795667440443,7.707054459409183,9.1459094531373282,10.542332312327289,11.901798464056268,13.229405715721544,14.529906247242659,15.80773609745102,17.067042346773356,18.311708182198384,19.545376015689669,{"$f":"X28 * X30","v":20.771468813569633},{"$f":"Y28 * Y30","v":21.484424830396591},{"$f":"Z28 * Z30","v":22.745558385633835},24.005002329804249,25.265744696153366,26.53061773322316,27.802312838774146,29.083394373726357,30.376312448023505,31.683414763044929,33.006957588494949,12.611793657373198]
[]
[null,null,"Profiled tax allowance (cap)"]
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[null,null,null,null,"Unprofiled tax allowance (cap)",null,"£m 15/16 prices",null,null,null,{"$f":"TaxCap!K32 / Deductions!K12","v":0.71195466417741182},{"$f":"TaxCap!L32 / Deductions!L12","v":3.9049642035704064},{"$f":"TaxCap!M32 / Deductions!M12","v":5.0550065599433998},{"$f":"TaxCap!N32 / Deductions!N12","v":6.0983935356849495},{"$f":"TaxCap!O32 / Deductions!O12","v":7.0459764425150349},{"$f":"TaxCap!P32 / Deductions!P12","v":7.9074829099617938},{"$f":"TaxCap!Q32 / Deductions!Q12","v":8.6916338559993918},{"$f":"TaxCap!R32 / Deductions!R12","v":9.406248266011465},{"$f":"TaxCap!S32 / Deductions!S12","v":10.058337051216352},{"$f":"TaxCap!T32 / Deductions!T12","v":10.654187125147477},{"$f":"TaxCap!U32 / Deductions!U12","v":11.199436718059868},{"$f":"TaxCap!V32 / Deductions!V12","v":11.699142842791243},{"$f":"TaxCap!W32 / Deductions!W12","v":12.157841730351921},{"$f":"TaxCap!X32 / Deductions!X12","v":12.579602968196484},{"$f":"TaxCap!Y32 / Deductions!Y12","v":12.668077997705193},{"$f":"TaxCap!Z32 / Deductions!Z12","v":13.057825809945275},{"$f":"TaxCap!AA32 / Deductions!AA12","v":13.417243180718742},{"$f":"TaxCap!AB32 / Deductions!AB12","v":13.749310284862531},{"$f":"TaxCap!AC32 / Deductions!AC12","v":14.056702145230693},{"$f":"TaxCap!AD32 / Deductions!AD12","v":14.341820311254882},{"$f":"TaxCap!AE32 / Deductions!AE12","v":14.606821238028138},{"$f":"TaxCap!AF32 / Deductions!AF12","v":14.853641709863027},{"$f":"TaxCap!AG32 / Deductions!AG12","v":15.084021616412508},{"$f":"TaxCap!AH32 / Deductions!AH12","v":15.2995243573189},{"$f":"TaxCap!AI32 / Deductions!AI12","v":5.6916287127844063}]
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[]
[null,"End of sheet"]

{"sheet":"Assessment","index":11,"n_rows":82,"n_cols":52,"rows_kept":82,"cut":false,"hidden":false,"merged":[]}
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[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
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[null,"Assessment"]
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[null,null,"NPVs"]
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[]
[null,null,null,"Revenues and WPA's"]
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[]
[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,{"$f":"IF(V28=0,V26-V27,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(AX28=0,AX26-AX27,0)","v":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,{"$f":"IF(V30>0,V30,0)","v":0},{"$f":"IF(W30>0,W30,0)","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,{"$f":"IF(AX30>0,AX30,0)","v":0}]
[]
[null,null,null,null,"Cap (post-availability incentive)",null,"£m nominal","CLt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"Availability!V17*V13/$I$13","v":107.59360644782613},{"$f":"Availability!W17*W13/$I$13","v":110.50939318256221},{"$f":"Availability!X17*X13/$I$13","v":113.50419773780963},{"$f":"Availability!Y17*Y13/$I$13","v":116.58016149650425},{"$f":"Availability!Z17*Z13/$I$13","v":119.7394838730595},{"$f":"Availability!AA17*AA13/$I$13","v":122.9844238860194},{"$f":"Availability!AB17*AB13/$I$13","v":126.31730177333053},{"$f":"Availability!AC17*AC13/$I$13","v":129.74050065138778},{"$f":"Availability!AD17*AD13/$I$13","v":133.25646821904036},{"$f":"Availability!AE17*AE13/$I$13","v":136.86771850777635},{"$f":"Availability!AF17*AF13/$I$13","v":140.57683367933706},{"$f":"Availability!AG17*AG13/$I$13","v":144.3864658720471},{"$f":"Availability!AH17*AH13/$I$13","v":148.29933909717957},{"$f":"Availability!AI17*AI13/$I$13","v":152.3182511867131},{"$f":"Availability!AJ17*AJ13/$I$13","v":156.44607579387301},{"$f":"Availability!AK17*AK13/$I$13","v":160.68576444788695},{"$f":"Availability!AL17*AL13/$I$13","v":165.0403486644247},{"$f":"Availability!AM17*AM13/$I$13","v":169.51294211323059},{"$f":"Availability!AN17*AN13/$I$13","v":174.10674284449914},{"$f":"Availability!AO17*AO13/$I$13","v":178.82503557558502},{"$f":"Availability!AP17*AP13/$I$13","v":183.67119403968334},{"$f":"Availability!AQ17*AQ13/$I$13","v":188.64868339815877},{"$f":"Availability!AR17*AR13/$I$13","v":193.76106271824884},{"$f":"Availability!AS17*AS13/$I$13","v":199.01198751791335},{"$f":"Availability!AT17*AT13/$I$13","v":204.40521237964882}]
[null,null,null,null,"Revenue assessed for cap",null,"£m nominal",{"$f":"H26","v":"NARt"},null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"V26","v":82.61896594374825},84.857939920823824,87.157590092678149,89.519560784189707,91.945540881441232,94.437265039328281,96.996514921894061,99.625120476277402,102.32496124118451,105.09796769082058,107.9461226152418,110.87146253811486,113.87607917289778,116.96212091848329,120.13179439537419,123.38736602348881,126.73116364272533,130.16557817744319,133.6930653460519,137.31614741692988,141.03741501192866,144.85952895875192,148.78522219353405,152.81730171497884,156.95865059145476]
[null,null,null,null,"Floor (post-availability incentive)",null,"£m nominal","FLt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"V28","v":59.754003997470896},{"$f":"W28","v":61.373337505802354},63.036554952209599,64.74484559141446,66.499430906941782,68.301565484519898,70.152537909150396,72.053671686488343,74.00632618919218,76.011897628919272,78.071820054662979,80.187566378144339,82.360649426992055,84.592623026463528,86.885083110480693,89.239668862774707,91.658063888955894,94.141997420346584,96.693245550437979,99.313632504854837,102.00503194573639,104.76936831146584,107.60861819270654,110.52481174572888,113.52003414403815,0,0,0,{"$f":"AX28","v":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,0,0,0,0,{"$f":"IF(V28=0,V31,V26)","v":82.61896594374825},84.857939920823824,87.157590092678149,89.519560784189707,91.945540881441232,94.437265039328281,96.996514921894061,99.625120476277402,102.32496124118451,105.09796769082058,107.9461226152418,110.87146253811486,113.87607917289778,116.96212091848329,120.13179439537419,123.38736602348881,126.73116364272533,130.16557817744319,133.6930653460519,137.31614741692988,141.03741501192866,144.85952895875192,148.78522219353405,152.81730171497884,156.95865059145476,0,0,0,{"$f":"IF(AX28=0,AX31,AX26)","v":0}]
[null,null,null,null,"Within-period adjustment (assessed)",null,"£m nominal","WPAt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"Input!V27","v":0},{"$f":"Input!W27","v":0},{"$f":"Input!X27","v":0},{"$f":"Input!Y27","v":0},{"$f":"Input!Z27","v":0},{"$f":"Input!AA27","v":0},{"$f":"Input!AB27","v":0},{"$f":"Input!AC27","v":0},{"$f":"Input!AD27","v":0},{"$f":"Input!AE27","v":0},{"$f":"Input!AF27","v":0},{"$f":"Input!AG27","v":0},{"$f":"Input!AH27","v":0},{"$f":"Input!AI27","v":0},{"$f":"Input!AJ27","v":0},{"$f":"Input!AK27","v":0},{"$f":"Input!AL27","v":0},{"$f":"Input!AM27","v":0},{"$f":"Input!AN27","v":0},{"$f":"Input!AO27","v":0},{"$f":"Input!AP27","v":0},{"$f":"Input!AQ27","v":0},{"$f":"Input!AR27","v":0},{"$f":"Input!AS27","v":0},{"$f":"Input!AT27","v":0}]
[]
[null,null,null,"NPV"]
[]
[null,null,null,null,"Cap (post-availability incentive) NPV",null,"£m nominal","CLNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R33:V33,V$18:V$22)","v":107.59360644782613},{"$f":"MMULT(S33:W33,W$18:W$22)","v":225.91158974828238},{"$f":"MMULT(T33:X33,X$18:X$22)","v":355.81128779011414},{"$f":"MMULT(U33:Y33,Y$18:Y$22)","v":498.21440101582095},{"$f":"MMULT(V33:Z33,Z$18:Z$22)","v":654.11172155597956},{"$f":"MMULT(W33:AA33,AA$18:AA$22)","v":122.9844238860194},{"$f":"MMULT(X33:AB33,AB$18:AB$22)","v":258.22730208267529},{"$f":"MMULT(Y33:AC33,AC$18:AC$22)","v":406.70861109418621},{"$f":"MMULT(Z33:AD33,AD$18:AD$22)","v":569.48189677386699},{"$f":"MMULT(AA33:AE33,AE$18:AE$22)","v":747.67967994142691},{"$f":"MMULT(AB33:AF33,AF$18:AF$22)","v":140.57683367933706},{"$f":"MMULT(AC33:AG33,AG$18:AG$22)","v":295.16564252057907},{"$f":"MMULT(AD33:AH33,AH$18:AH$22)","v":464.88658458675741},{"$f":"MMULT(AE33:AI33,AI$18:AI$22)","v":650.94391107908314},{"$f":"MMULT(AF33:AJ33,AJ$18:AJ$22)","v":854.63214520529391},{"$f":"MMULT(AG33:AK33,AK$18:AK$22)","v":160.68576444788695},{"$f":"MMULT(AH33:AL33,AL$18:AL$22)","v":337.38785876596683},{"$f":"MMULT(AI33:AM33,AM$18:AM$22)","v":531.38667496442827},{"$f":"MMULT(AJ33:AN33,AN$18:AN$22)","v":744.0587273649362},{"$f":"MMULT(AK33:AO33,AO$18:AO$22)","v":976.88371533036923},{"$f":"MMULT(AL33:AP33,AP$18:AP$22)","v":183.67119403968334},{"$f":"MMULT(AM33:AQ33,AQ$18:AQ$22)","v":385.64978725377102},{"$f":"MMULT(AN33:AR33,AR$18:AR$22)","v":607.39932639861865},{"$f":"MMULT(AO33:AS33,AS$18:AS$22)","v":850.4932304385112},{"$f":"MMULT(AP33:AT33,AT$18:AT$22)","v":1116.6228635694836}]
[null,null,null,null,"Revenue assessed for cap NPV",null,"£m nominal","ARNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R34:V34,V$18:V$22)","v":82.61896594374825},173.47296513164213,273.22033008148685,382.56881602134183,502.27923229663156,94.437265039328281,198.287550541955,312.3033607514011,437.29369233437285,{"$f":"MMULT(AA34:AE34,AE$18:AE$22)","v":574.12818524554098},107.9461226152418,226.65175908010474,356.97705623710669,499.84673435788227,656.25483177188642,123.38736602348881,259.07334955573236,408.04113786386381,571.34772860431781,750.12935315091613,141.03741501192866,296.13271356215262,466.40972376288471,653.07664238452071,857.43223396822725]
[null,null,null,null,"Floor (post-availability incentive) NPV",null,"£m nominal","FLNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R35:V35,V$18:V$22)","v":59.754003997470896},125.46397952967412,197.60606429031284,276.69214085070229,363.27246306779301,68.301565484519898,143.41107943422844,225.87278905752171,316.27179959632713,{"$f":"MMULT(AA35:AE35,AE$18:AE$22)","v":415.23707643085942},78.071820054662979,163.92543725768104,258.18295111464732,361.51316373627111,474.63501138172001,89.239668862774707,187.37428855659533,295.11494733122925,413.22611665477643,542.52957362499956,102.00503194573639,214.17740040492185,337.32991184084904,472.33639218226557,620.13617031931381]
[null,null,null,null,"Revenue assessed for floor NPV",null,"£m nominal","ARNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R36:V36,V$18:V$22)","v":82.61896594374825},173.47296513164213,273.22033008148685,382.56881602134183,502.27923229663156,94.437265039328281,198.287550541955,312.3033607514011,437.29369233437285,{"$f":"MMULT(AA36:AE36,AE$18:AE$22)","v":574.12818524554098},107.9461226152418,226.65175908010474,356.97705623710669,499.84673435788227,656.25483177188642,123.38736602348881,259.07334955573236,408.04113786386381,571.34772860431781,750.12935315091613,141.03741501192866,296.13271356215262,466.40972376288471,653.07664238452071,857.43223396822725]
[null,null,null,null,"NPV within-period adjustments (assessed)",null,"£m nominal","WPANap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R37:V37,V$18:V$22)","v":0},0,0,0,0,0,0,0,0,{"$f":"MMULT(AA37:AE37,AE$18:AE$22)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["`"]
[null,null,"Assessment"]
[]
[null,null,null,"Assessed adjustment"]
[]
[null,null,null,null,"Assessment period length",null,{"$f":"Input!G118","v":"full years"},null,{"$f":"Input!I118","v":5}]
[null,null,null,null,"Assessment year flag",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(MOD(V3,$I51)=0,V3>=$I51)","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,{"$f":"AND(MOD(AX3,$I51)=0,AX3>=$I51)","v":false}]
[]
[null,null,null,null,"Relevant Revenue at Cap",null,"£m nominal","RRACap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V42-V41","v":-24.974640504077882},{"$f":"W42-W41","v":-52.438624616640254},-82.590957708627286,-115.64558499447912,-151.83248925934799,-28.547158846691119,-59.939751540720295,-94.405250342785109,-132.18820443949414,{"$f":"AE42-AE41","v":-173.55149469588594},{"$f":"AF42-AF41","v":-32.630711064095252},-68.513883440474331,-107.90952834965071,-151.09717672120087,-198.37731343340749,-37.298398424398144,-78.314509210234462,-123.34553710056446,-172.71099876061839,-226.7543621794531,-42.633779027754684,-89.517073691618407,-140.98960263573395,-197.41658805399049,-259.19062960125632,0,0,0,{"$f":"AX42-AX41","v":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,{"$f":"IF(V54>0,V54,0)","v":0},{"$f":"IF(W54>0,W54,0)","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,{"$f":"IF(AX54>0,AX54,0)","v":0}]
[]
[null,null,null,null,"Relevant Revenue at Floor",null,"£m nominal","RRAFap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V43-V44","v":-22.864961946277354},{"$f":"W43-W44","v":-48.008985601968007},-75.614265791174006,-105.87667517063954,-139.00676922883855,-26.135699554808383,-54.876471107726559,-86.430571693879386,-121.02189273804572,-158.89110881468156,-29.874302560578826,-62.726321822423699,-98.794105122459371,-138.33357062161116,-181.61982039016641,-34.147697160714102,-71.699060999137032,-112.92619053263456,-158.12161194954137,-207.59977952591657,-39.032383066192267,-81.955313157230762,-129.07981192203567,-180.74025020225514,-237.29606364891345,0,0,0,{"$f":"AX43-AX44","v":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,{"$f":"IF(V57>0,V57,0)","v":0},{"$f":"IF(W57>0,W57,0)","v":0},0,0,0,0,{"$f":"IF(AB57>0,AB57,0)","v":0},{"$f":"IF(AC57>0,AC57,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(AX57>0,AX57,0)","v":0}]
[]
[null,null,null,null,"NPV within-period adjustments (assessed)",null,"£m nominal",{"$f":"H45","v":"WPANap"},null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V45","v":0},{"$f":"W45","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,{"$f":"AX45","v":0}]
[]
[null,null,null,null,"End of Period Cap and Floor Revenue Adjustment - Unadjusted for End of Period",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(ABS(V55)>0,-V55-V60,IF(ABS(V58)>0,V58-V60,IF(AND(V55=0,V58=0,ABS(V60)>0),-V60,0)))","v":0},{"$f":"IF(ABS(W55)>0,-W55-W60,IF(ABS(W58)>0,W58-W60,IF(AND(W55=0,W58=0,ABS(W60)>0),-W60,0)))","v":0},0,0,{"$f":"IF(ABS(Z55)>0,-Z55-Z60,IF(ABS(Z58)>0,Z58-Z60,IF(AND(Z55=0,Z58=0,ABS(Z60)>0),-Z60,0)))","v":0},{"$f":"IF(ABS(AA55)>0,-AA55-AA60,IF(ABS(AA58)>0,AA58-AA60,IF(AND(AA55=0,AA58=0,ABS(AA60)>0),-AA60,0)))","v":0},0,0,0,{"$f":"IF(ABS(AE55)>0,-AE55-AE60,IF(ABS(AE58)>0,AE58-AE60,IF(AND(AE55=0,AE58=0,ABS(AE60)>0),-AE60,0)))","v":0},{"$f":"IF(ABS(AF55)>0,-AF55-AF60,IF(ABS(AF58)>0,AF58-AF60,IF(AND(AF55=0,AF58=0,ABS(AF60)>0),-AF60,0)))","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(ABS(AT55)>0,-AT55-AT60,IF(ABS(AT58)>0,AT58-AT60,IF(AND(AT55=0,AT58=0,ABS(AT60)>0),-AT60,0)))","v":0},{"$f":"IF(ABS(AU55)>0,-AU55-AU60,IF(ABS(AU58)>0,AU58-AU60,IF(AND(AU55=0,AU58=0,ABS(AU60)>0),-AU60,0)))","v":0},{"$f":"IF(ABS(AV55)>0,-AV55-AV60,IF(ABS(AV58)>0,AV58-AV60,IF(AND(AV55=0,AV58=0,ABS(AV60)>0),-AV60,0)))","v":0},0,{"$f":"IF(ABS(AX55)>0,-AX55-AX60,IF(ABS(AX58)>0,AX58-AX60,IF(AND(AX55=0,AX58=0,ABS(AX60)>0),-AX60,0)))","v":0}]
[]
[null,null,null,null,"End of Period Cap and Floor Revenue Adjustment",null,"£m nominal","CFAap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V62*V52","v":0},{"$f":"W62*W52","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AX62*AX52","v":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,{"$f":"V13/$I13","v":1.1740223786864492},{"$f":"W13/$I13","v":1.2058383851488519},{"$f":"X13/$I13","v":1.2385166053863856},1.2720804053923565,1.3065537843784893,1.3419613919351461,1.3783285456565886,1.4156812492438819,1.4540462110983909,1.4934508634191572,1.5339233818178162,1.5754927054650789,1.6181885577831825,1.6620414676991067,1.7070827914737523,1.753344735122691,1.8008603774445158,1.8496636936732618,1.8997895797718072,1.9512738773836229,2.0041533994607188,2.0584659565861041,2.1142503840095874,2.1715465694162468,2.2303954814474274,2.2908391989946524,2.3529209412874073,2.4166850987962958,2.4821772649736751]
[]
[null,null,null,null,"Non-controllable opex (actual)",null,"£m nominal","ONCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!V20*V69","v":0},{"$f":"Input!W20*W69","v":0},{"$f":"Input!X20*X69","v":0},{"$f":"Input!Y20*Y69","v":0},{"$f":"Input!Z20*Z69","v":0},{"$f":"Input!AA20*AA69","v":0},{"$f":"Input!AB20*AB69","v":0},{"$f":"Input!AC20*AC69","v":0},{"$f":"Input!AD20*AD69","v":0},{"$f":"Input!AE20*AE69","v":0},{"$f":"Input!AF20*AF69","v":0},{"$f":"Input!AG20*AG69","v":0},{"$f":"Input!AH20*AH69","v":0},{"$f":"Input!AI20*AI69","v":0},{"$f":"Input!AJ20*AJ69","v":0},{"$f":"Input!AK20*AK69","v":0},{"$f":"Input!AL20*AL69","v":0},{"$f":"Input!AM20*AM69","v":0},{"$f":"Input!AN20*AN69","v":0},{"$f":"Input!AO20*AO69","v":0},{"$f":"Input!AP20*AP69","v":0},{"$f":"Input!AQ20*AQ69","v":0},{"$f":"Input!AR20*AR69","v":0},{"$f":"Input!AS20*AS69","v":0},{"$f":"Input!AT20*AT69","v":0},{"$f":"Input!AU20*AU69","v":0},{"$f":"Input!AV20*AV69","v":0},{"$f":"Input!AW20*AW69","v":0},{"$f":"Input!AX20*AX69","v":0}]
[null,null,null,null,"Less non-controllable opex (baseline)",null,"£m nominal","BNCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-Input!K35*V69","v":0},{"$f":"-Input!L35*W69","v":0},{"$f":"-Input!M35*X69","v":0},{"$f":"-Input!N35*Y69","v":0},{"$f":"-Input!O35*Z69","v":0},{"$f":"-Input!P35*AA69","v":0},{"$f":"-Input!Q35*AB69","v":0},{"$f":"-Input!R35*AC69","v":0},{"$f":"-Input!S35*AD69","v":0},{"$f":"-Input!T35*AE69","v":0},{"$f":"-Input!U35*AF69","v":0},{"$f":"-Input!V35*AG69","v":0},{"$f":"-Input!W35*AH69","v":0},{"$f":"-Input!X35*AI69","v":0},{"$f":"-Input!Y35*AJ69","v":0},{"$f":"-Input!Z35*AK69","v":0},{"$f":"-Input!AA35*AL69","v":0},{"$f":"-Input!AB35*AM69","v":0},{"$f":"-Input!AC35*AN69","v":0},{"$f":"-Input!AD35*AO69","v":0},{"$f":"-Input!AE35*AP69","v":0},{"$f":"-Input!AF35*AQ69","v":0},{"$f":"-Input!AG35*AR69","v":0},{"$f":"-Input!AH35*AS69","v":0},{"$f":"-Input!AI35*AT69","v":0},{"$f":"-Input!AJ35*AU69","v":0},{"$f":"-Input!AK35*AV69","v":0},{"$f":"-Input!AL35*AW69","v":0},{"$f":"-Input!AM35*AX69","v":0}]
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[]
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[]
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[]
[null,"End of sheet"]

{"sheet":"Output","index":12,"n_rows":22,"n_cols":50,"rows_kept":22,"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"]
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[]
[null,"Model outputs"]
[]
[null,null,"Cap and floor levels"]
[]
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[]
[null,null,"Amounts due to or from Consumers - £m nominal"]
[]
[]
[]
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["SERIES","DESCRIPTION"]
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["2015-02-26",2.7347000000000001]
["2015-02-27",2.7755999999999998]
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["SERIES","DESCRIPTION"]
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["2006-11-30",1.4736]
["2006-12-31",1.5561]
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["2007-02-28",1.7983]
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["2007-04-30",1.9068000000000001]
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["2007-06-30",2.2101000000000002]
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["2008-08-31",1.1652]
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["ISIN TRi ","DE000A0JZAH1"]
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["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"]
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["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]
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[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"Input!K9","v":"2010-04-01"},{"$f":"+K5+1","v":"2011-04-01"},{"$f":"+L5+1","v":"2012-04-01"},{"$f":"+M5+1","v":"2013-04-01"},"2014-04-01","2015-04-01","2016-04-01","2017-04-01","2018-04-01","2019-04-01","2020-04-01","2021-04-01","2022-04-01","2023-04-01","2024-04-01","2025-04-01","2026-04-01","2027-04-01","2028-04-01","2029-04-01","2030-04-01","2031-04-01","2032-04-01","2033-04-01","2034-04-01","2035-04-01","2036-04-01","2037-04-01","2038-04-01","2039-04-01","2040-04-01","2041-04-01","2042-04-01","2043-04-01","2044-04-01","2045-04-01","2046-04-01","2047-04-01","2048-04-01","2049-04-01"]
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[]
[null,null,null,"CAPM"]
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[]
[]
[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]
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[]
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[]
[]
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[]
[]
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[null,null,"Floor"]
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[null,null,null,"GB"]
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[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A129","v":"2013-07-31"},{"$f":"'download from BoE'!B129","v":-0.57940000000000003}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A130","v":"2013-08-31"},{"$f":"'download from BoE'!B130","v":-0.37980000000000003}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A131","v":"2013-09-30"},{"$f":"'download from BoE'!B131","v":-0.22059999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A132","v":"2013-10-31"},{"$f":"'download from BoE'!B132","v":-0.38190000000000002}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A133","v":"2013-11-30"},{"$f":"'download from BoE'!B133","v":-0.29830000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A134","v":"2013-12-31"},{"$f":"'download from BoE'!B134","v":-0.19789999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A135","v":"2014-01-31"},{"$f":"'download from BoE'!B135","v":-0.16539999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A136","v":"2014-02-28"},{"$f":"'download from BoE'!B136","v":-0.18970000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A137","v":"2014-03-31"},{"$f":"'download from BoE'!B137","v":-0.3044}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A138","v":"2014-04-30"},{"$f":"'download from BoE'!B138","v":-0.35299999999999998}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A139","v":"2014-05-31"},{"$f":"'download from BoE'!B139","v":-0.38900000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A140","v":"2014-06-30"},{"$f":"'download from BoE'!B140","v":-0.29599999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A141","v":"2014-07-31"},{"$f":"'download from BoE'!B141","v":-0.31390000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A142","v":"2014-08-31"},{"$f":"'download from BoE'!B142","v":-0.47160000000000002}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A143","v":"2014-09-30"},{"$f":"'download from BoE'!B143","v":-0.5363}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A144","v":"2014-10-31"},{"$f":"'download from BoE'!B144","v":-0.61980000000000002}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A145","v":"2014-11-30"},{"$f":"'download from BoE'!B145","v":-0.73839999999999995}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A146","v":"2014-12-31"},{"$f":"'download from BoE'!B146","v":-0.93210000000000004}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A147","v":"2015-01-31"},{"$f":"'download from BoE'!B147","v":-1.0627}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A148","v":"2015-02-28"},{"$f":"'download from BoE'!B148","v":-0.88900000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A149","v":"2015-03-31"},{"$f":"'download from BoE'!B149","v":-0.93120000000000003}]
[]
[null,null,null,"Daily breakeven UK inflation expectations"]
[]
[null,null,null,null,"SERIES",null,"DESCRIPTION",null,{"$f":"K299","v":"2015-03-25"}]
[null,null,null,null,"IUDMIZC",null,"Yield from British Government Securities - 10 year Inflation Zero Coupon"]
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[null,null,null,null,null,null,null,null,null,null,"DATE","IUDMIZC"]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A5","v":"2015-02-26"},{"$f":"'download from BoE'!B5","v":2.7347000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A6","v":"2015-02-27"},{"$f":"'download from BoE'!B6","v":2.7755999999999998}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A7","v":"2015-03-02"},{"$f":"'download from BoE'!B7","v":2.7719}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A8","v":"2015-03-03"},{"$f":"'download from BoE'!B8","v":2.766}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A9","v":"2015-03-04"},{"$f":"'download from BoE'!B9","v":2.7437999999999998}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A10","v":"2015-03-05"},{"$f":"'download from BoE'!B10","v":2.7187000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A11","v":"2015-03-06"},{"$f":"'download from BoE'!B11","v":2.7789999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A12","v":"2015-03-09"},{"$f":"'download from BoE'!B12","v":2.7612000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A13","v":"2015-03-10"},{"$f":"'download from BoE'!B13","v":2.7174999999999998}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A14","v":"2015-03-11"},{"$f":"'download from BoE'!B14","v":2.7122000000000002}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A15","v":"2015-03-12"},{"$f":"'download from BoE'!B15","v":2.6772999999999998}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A16","v":"2015-03-13"},{"$f":"'download from BoE'!B16","v":2.6343999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A17","v":"2015-03-16"},{"$f":"'download from BoE'!B17","v":2.6067}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A18","v":"2015-03-17"},{"$f":"'download from BoE'!B18","v":2.6240000000000001}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A19","v":"2015-03-18"},{"$f":"'download from BoE'!B19","v":2.6597}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A20","v":"2015-03-19"},{"$f":"'download from BoE'!B20","v":2.6850999999999998}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A21","v":"2015-03-20"},{"$f":"'download from BoE'!B21","v":2.7349999999999999}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A22","v":"2015-03-23"},{"$f":"'download from BoE'!B22","v":2.7113}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A23","v":"2015-03-24"},{"$f":"'download from BoE'!B23","v":2.6979000000000002}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A24","v":"2015-03-25"},{"$f":"'download from BoE'!B24","v":2.6951999999999998}]
[]
[null,"End of sheet"]

{"sheet":"RPI and currency","index":16,"n_rows":221,"n_cols":50,"rows_kept":221,"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,{"$f":"Input!K8","v":-10},{"$f":"K3 + 1","v":-9},-8,-7,-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"Input!K9","v":"2010-04-01"},{"$f":"+K5+1","v":"2011-04-01"},{"$f":"+L5+1","v":"2012-04-01"},{"$f":"+M5+1","v":"2013-04-01"},"2014-04-01","2015-04-01","2016-04-01","2017-04-01","2018-04-01","2019-04-01","2020-04-01","2021-04-01","2022-04-01","2023-04-01","2024-04-01","2025-04-01","2026-04-01","2027-04-01","2028-04-01","2029-04-01","2030-04-01","2031-04-01","2032-04-01","2033-04-01","2034-04-01","2035-04-01","2036-04-01","2037-04-01","2038-04-01","2039-04-01","2040-04-01","2041-04-01","2042-04-01","2043-04-01","2044-04-01","2045-04-01","2046-04-01","2047-04-01","2048-04-01","2049-04-01"]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K10","v":"2011-03-31"},{"$f":"DATE(YEAR(K5) + 1, MONTH(K5), DAY(K5))","v":"2012-03-31"},"2013-03-31","2014-03-31","2015-03-31","2016-03-31","2017-03-31","2018-03-31","2019-03-31","2020-03-31","2021-03-31","2022-03-31","2023-03-31","2024-03-31","2025-03-31","2026-03-31","2027-03-31","2028-03-31","2029-03-31","2030-03-31","2031-03-31","2032-03-31","2033-03-31","2034-03-31","2035-03-31","2036-03-31","2037-03-31","2038-03-31","2039-03-31","2040-03-31","2041-03-31","2042-03-31","2043-03-31","2044-03-31","2045-03-31","2046-03-31","2047-03-31","2048-03-31","2049-03-31","2050-03-31"]
[]
[null,"Inflation"]
[]
[null,null,"Key index values"]
[]
[null,null,null,null,{"$f":"E140","v":"2015/16 RPI inflation index value (CHAW)"},null,{"$f":"G140","v":"Jan 1987 = 100"},null,{"$f":"I140","v":259.43299999999999}]
[]
[null,null,"UK Inflation"]
[null,null,null,null,"http://www.ons.gov.uk/ons/datasets-and-tables/data-selector.html?cdid=CHAW&dataset=mm23&table-id=2.1"]
[]
[null,null,null,null,"2006 JAN",null,"Jan 1987 = 100",null,193.4,null,{"$f":"IF(L28=1,1,0)","v":0},{"$f":"IF(M28=1,1,0)","v":0},{"$f":"IF(N28=1,1,0)","v":0},{"$f":"IF(O28=1,1,0)","v":0},{"$f":"IF(P28=1,1,0)","v":0},{"$f":"IF(Q28=1,1,0)","v":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":"IF(L79=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 MAY",null,"Jan 1987 = 100",null,223.6,null,{"$f":"IF(L80=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 JUN",null,"Jan 1987 = 100",null,224.1,null,{"$f":"IF(L81=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 JUL",null,"Jan 1987 = 100",null,223.6,null,{"$f":"IF(L82=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 AUG",null,"Jan 1987 = 100",null,224.5,null,{"$f":"IF(L83=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 SEP",null,"Jan 1987 = 100",null,225.3,null,{"$f":"IF(L84=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 OCT",null,"Jan 1987 = 100",null,225.8,null,{"$f":"IF(L85=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 NOV",null,"Jan 1987 = 100",null,226.8,null,{"$f":"IF(L86=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2010 DEC",null,"Jan 1987 = 100",null,228.4,null,{"$f":"IF(L87=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2011 JAN",null,"Jan 1987 = 100",null,229,null,{"$f":"IF(L88=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2011 FEB",null,"Jan 1987 = 100",null,231.3,null,{"$f":"IF(L89=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2011 MAR",null,"Jan 1987 = 100",null,232.5,null,{"$f":"IF(L90=1,1,0)","v":1},0,0,0,0,0]
[null,null,null,null,"2011 APR",null,"Jan 1987 = 100",null,234.4,null,{"$f":"IF(L91=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 MAY",null,"Jan 1987 = 100",null,235.2,null,{"$f":"IF(L92=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 JUN",null,"Jan 1987 = 100",null,235.2,null,{"$f":"IF(L93=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 JUL",null,"Jan 1987 = 100",null,234.7,null,{"$f":"IF(L94=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 AUG",null,"Jan 1987 = 100",null,236.1,null,{"$f":"IF(L95=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 SEP",null,"Jan 1987 = 100",null,237.9,null,{"$f":"IF(L96=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 OCT",null,"Jan 1987 = 100",null,238,null,{"$f":"IF(L97=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 NOV",null,"Jan 1987 = 100",null,238.5,null,{"$f":"IF(L98=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2011 DEC",null,"Jan 1987 = 100",null,239.4,null,{"$f":"IF(L99=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2012 JAN",null,"Jan 1987 = 100",null,238,null,{"$f":"IF(L100=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2012 FEB",null,"Jan 1987 = 100",null,239.9,null,{"$f":"IF(L101=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2012 MAR",null,"Jan 1987 = 100",null,240.8,null,{"$f":"IF(L102=1,1,0)","v":0},1,0,0,0,0]
[null,null,null,null,"2012 APR",null,"Jan 1987 = 100",null,242.5,null,{"$f":"IF(L103=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 MAY",null,"Jan 1987 = 100",null,242.4,null,{"$f":"IF(L104=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 JUN",null,"Jan 1987 = 100",null,241.8,null,{"$f":"IF(L105=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 JUL",null,"Jan 1987 = 100",null,242.1,null,{"$f":"IF(L106=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 AUG",null,"Jan 1987 = 100",null,243,null,{"$f":"IF(L107=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 SEP",null,"Jan 1987 = 100",null,244.2,null,{"$f":"IF(L108=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 OCT",null,"Jan 1987 = 100",null,245.6,null,{"$f":"IF(L109=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 NOV",null,"Jan 1987 = 100",null,245.6,null,{"$f":"IF(L110=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2012 DEC",null,"Jan 1987 = 100",null,246.8,null,{"$f":"IF(L111=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2013 JAN",null,"Jan 1987 = 100",null,245.8,null,{"$f":"IF(L112=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2013 FEB",null,"Jan 1987 = 100",null,247.6,null,{"$f":"IF(L113=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2013 MAR",null,"Jan 1987 = 100",null,248.7,null,{"$f":"IF(L114=1,1,0)","v":0},0,1,0,0,0]
[null,null,null,null,"2013 APR",null,"Jan 1987 = 100",null,249.5,null,{"$f":"IF(L115=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 MAY",null,"Jan 1987 = 100",null,250,null,{"$f":"IF(L116=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 JUN",null,"Jan 1987 = 100",null,249.7,null,{"$f":"IF(L117=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 JUL",null,"Jan 1987 = 100",null,249.7,null,{"$f":"IF(L118=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 AUG",null,"Jan 1987 = 100",null,251,null,{"$f":"IF(L119=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 SEP",null,"Jan 1987 = 100",null,251.9,null,{"$f":"IF(L120=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 OCT",null,"Jan 1987 = 100",null,251.9,null,{"$f":"IF(L121=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 NOV",null,"Jan 1987 = 100",null,252.1,null,{"$f":"IF(L122=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2013 DEC",null,"Jan 1987 = 100",null,253.4,null,{"$f":"IF(L123=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2014 JAN",null,"Jan 1987 = 100",null,252.6,null,{"$f":"IF(L124=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2014 FEB",null,"Jan 1987 = 100",null,254.2,null,{"$f":"IF(L125=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2014 MAR",null,"Jan 1987 = 100",null,254.8,null,{"$f":"IF(L126=1,1,0)","v":0},0,0,1,0,0]
[null,null,null,null,"2014 APR",null,"Jan 1987 = 100",null,255.7,null,{"$f":"IF(L127=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 MAY",null,"Jan 1987 = 100",null,255.9,null,{"$f":"IF(L128=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 JUN",null,"Jan 1987 = 100",null,256.3,null,{"$f":"IF(L129=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 JUL",null,"Jan 1987 = 100",null,256,null,{"$f":"IF(L130=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 AUG",null,"Jan 1987 = 100",null,257,null,{"$f":"IF(L131=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 SEP",null,"Jan 1987 = 100",null,257.60000000000002,null,{"$f":"IF(L132=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 OCT",null,"Jan 1987 = 100",null,257.7,null,{"$f":"IF(L133=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 NOV",null,"Jan 1987 = 100",null,257.10000000000002,null,{"$f":"IF(L134=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2014 DEC",null,"Jan 1987 = 100",null,257.5,null,{"$f":"IF(L135=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2015 JAN",null,"Jan 1987 = 100",null,255.4,null,{"$f":"IF(L136=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2015 FEB",null,"Jan 1987 = 100",null,256.7,null,{"$f":"IF(L137=1,1,0)","v":0},0,0,0,1,0]
[null,null,null,null,"2015 MAR",null,"Jan 1987 = 100",null,257.10000000000002,null,{"$f":"IF(L138=1,1,0)","v":0},0,0,0,{"$f":"IF(P138=1,1,0)","v":1},{"$f":"IF(Q138=1,1,0)","v":0}]
[null,null,null,null,"2015 APL",null,"Jan 1987 = 100",null,258,null,0,0,0,0,{"$f":"IF(P139=1,1,0)","v":0},1]
[null,null,null,null,"2015 MAY",null,"Jan 1987 = 100",null,258.5,null,0,0,0,0,0,1]
[null,null,null,null,"2015 JUN",null,"Jan 1987 = 100",null,258.89999999999998,null,0,0,0,0,0,1]
[null,null,null,null,"2015 JUL",null,"Jan 1987 = 100",null,258.60000000000002,null,0,0,0,0,0,1]
[null,null,null,null,"2015 AUG",null,"Jan 1987 = 100",null,259.8,null,0,0,0,0,0,1]
[null,null,null,null,"2015 OCT",null,"Jan 1987 = 100",null,259.60000000000002,null,0,0,0,0,0,1]
[null,null,null,null,"2015 NOV",null,"Jan 1987 = 100",null,259.5,null,0,0,0,0,0,1]
[null,null,null,null,"2015 NOV",null,"Jan 1987 = 100",null,259.8,null,0,0,0,0,0,1]
[null,null,null,null,"2015 DEC",null,"Jan 1987 = 100",null,260.60000000000002,null,0,0,0,0,0,1]
[null,null,null,null,"2016 JAN",null,"Jan 1987 = 100",null,258.8,null,0,0,0,0,0,1]
[null,null,null,null,"2016 FEB",null,"Jan 1987 = 100",null,260,null,0,0,0,0,0,1]
[null,null,null,null,"2016 MAR",null,"Jan 1987 = 100",null,261.10000000000002,null,0,0,0,0,0,1]
[]
[null,null,null,null,"2015/16 RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,{"$f":"P141","v":259.43299999999999}]
[null,null,null,null,"12 month average UK RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,null,null,{"$f":"ROUND(SUMPRODUCT($I16:$I138, K16:K138) / SUM(K16:K138), 3)","v":226.47499999999999},237.34200000000001,244.67500000000001,251.733,256.66699999999997,259.43299999999999]
[]
[]
[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,{"$f":"ROUND(AVERAGE(G148:G159), 3)","v":1.177},{"$f":"ROUND(AVERAGE(G160:G171), 3)","v":1.1599999999999999},{"$f":"ROUND(AVERAGE(G172:G183), 3)","v":1.2270000000000001},{"$f":"ROUND(AVERAGE(G184:G195), 3)","v":1.1859999999999999},{"$f":"ROUND(AVERAGE(G196:G207), 3)","v":1.2749999999999999},{"$f":"ROUND(AVERAGE(G208:G219), 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":"G218","v":1.2889999999999999}]
[]
[null,"End of sheet"]