The Scottish Government Consolidated Accounts for the year ended 31 March 2018
Annual report of consolidated financial results of the Scottish Government, its Executive Agencies and the Crown Office, prepared in accordance with IFRS
20. Third Party Assets
Assets held at Statement of Financial Position date to which monetary value can be assigned:
| 2016-17 | Gross Inflows | Gross Outflows | 2017-18 | |
|---|---|---|---|---|
| £m | £m | £m | £m | |
| Monetary amounts such as bank balances and monies on deposit | 39 | 27 | (32) | 34 |
| Unclaimed dividends and unapplied balances | 17 | - | (2) | 15 |
| Total Monetary Assets | 56 | 27 | (34) | 49 |
Accountant in Bankruptcy holds funds of £38m (2016-17: £45m) on behalf of third parties. This mainly comprises realised assets that are held whilst awaiting repayment to the public purse or distribution to creditors with a value of £24m (2016-17: £28m). The balance of £14m (2016-17: £17m) relates to money consigned in respect of unclaimed dividends and unapplied balances.
The NHS Bodies hold money on behalf of patients. This totalled £9m in 2017-18 (2016-17: £9m).
The Scottish Prison Service also holds £1m on behalf of prisoners (2016-17: £1m).
Other Assets held at the Statement of Financial Position date all relate to Accountant in Bankruptcy:
| Description | 2017-18 | 2016-17 |
|---|---|---|
| Number held | Number held | |
| Residential property | 1,057 | 1,211 |
| Motor vehicles, boats and caravans | 23 | 157 |
| Life Policies | 140 | 434 |
| Shares and Investments | 99 | 153 |
| Miscellaneous | 186 | 290 |
No third party assets have been included within the Statement of Financial Position.
Contact
There is a problem
Thanks for your feedback