Visit Scotland

Statutory background

The Scottish Tourist Board is an executive non-departmental public body which operates within the terms of a management statement and financial memorandum agreed with its sponsor department in the Scottish Government.

The Scottish Tourist Board was established under the Development of Tourism Act 1969 and continued to trade under the name of VisitScotland during the 2006-07 year. New legislation in the form of the Tourist Boards (Scotland) Act 2006 came into force on 1 April 2007 which formally changed the name of the Scottish Tourist Board to VisitScotland from that date forward.

VisitScotland is required to produce annual accounts which comply with the Government Financial Reporting Manual. These accounts include the directors' report and a management commentary reviewing the results for the year together with details of VisitScotland's income, expenditure, assets and liabilities. The accounts were audited this year by KPMG.

The full accounts are available on the VisitScotland corporate website, or on application to:

Corporate Affairs Team
VisitScotland
Ocean Point One
94 Ocean Drive
Edinburgh

Some Financial Operating Highlights

• The integrated VisitScotland tourism network has now completed its second full year of operations. The following graph illustrates the scale of these operations compared to the year before the merger with the 14 former Area Tourist Boards:
• Approximately two thirds of VisitScotland's funding came from the Scottish Executive Education Department - £45,226,000 in 2006-07 compared with £49,750,000 the previous year

• Retail and commercial income increased by over £1 million to £10,828,000 year on year
• A substantial contribution is also made to income by local authorities and the European Regional Development Fund
• Under the Efficient Government initiative a £1 million savings target has been achieved during the year through a combination of salary savings under the new organisational structure and efficiency savings in procurement contracts
• A total of £750,000 has been spent on new equipment including £403,000 on ongoing work to create a new IT technical infrastructure for the organisation

Summary Of Cash Flow

Income

£m

Expenditure

£m