EXPLANATORY NOTE
(This note is not part of the Order)
This Order amends article 4 of, and Schedule 2 to, the Defence Aviation Repair Agency Trading Fund Order 2001 (“the 2001 Order”). The Electronics and Large Aircraft operations of the Defence Aviation Repair Agency (DARA) will be transferred to, and financed by means of, a new trading fund, the Defence Support Group (DSG). The DSG will be established under the Defence Support Group Trading Fund Order 2008. The assets and liabilities relating to those operations of DARA, as at 1st April 2008, will be appropriated to the new DSG trading fund.
The remaining assets and liabilities of DARA Trading Fund, as at 1st April 2008, namely those attributable to the Rotary Wing and Components business units, will continue to be appropriated to the DARA Trading Fund. Following revaluation, the assets are estimated at £78,700,000 and the liabilities are estimated at £12,300,000.