The current values of the Royal Navy vessels are shown in the following table. The values quoted reflect the net book value (NBV) of the asset, which is calculated by adding the cost of any major upgrades to the original capital cost of the asset and deducting depreciation.
|Name||NBV (£ million)|
|(1 )HMS Protector is not owned by the Ministry of Defence (MOD). It is operated under a lease arrangement and is not therefore recorded as an asset on the MOD balance sheet. No NBV is available. (2) HMS Gleaner has a current NBV of some £80,000 but, for consistency with the approach taken to rounding the other figures, her NBV is shown as zero. Note: 1. The NBVs shown above are all rounded to the nearest £ million.|
The figures shown in the table bear no relation to the replacement costs of the assets and capabilities.