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
Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayers' Equity
For the year ended 31 March 2018
| Note | General Fund | Revaluation Reserve | Total | |
|---|---|---|---|---|
| £m | £m | £m | ||
| Balance at 1 April 2017 | 21,064 | 10,107 | 31,171 | |
| Net operating cost for the year | (32,449) | - | (32,449) | |
| Net gain/(loss) on revaluation/indexation of property, plant and equipment | - | 399 | 399 | |
| Total Comprehensive Net Expenditure | (32,449) | 399 | (32,050) | |
| Non Cash Charges | ||||
| Non cash charges - auditor's remuneration | 2 | - | 2 | |
| Non cash charges - NHS adjustment | 16 | - | 16 | |
| Non cash charges - Roads adjustment | (8) | - | (8) | |
| Total Non Cash Charges | 10 | - | 10 | |
| Other Reserve Movements | ||||
| Transfers between reserves | 512 | (512) | - | |
| Net movement on investment funds | 4 | - | 4 | |
| Total Other Reserve Movements/Adjustments | 516 | (512) | 4 | |
| Funding | ||||
| Parliamentary Funding | 33,968 | - | 33,968 | |
| Less funding to pensions schemes | (406) | - | (406) | |
| Less funding to National Records of Scotland, Office of Scottish Charity Regulator, Scottish Courts and Tribunals Service, Revenue Scotland, Scottish Fiscal Commission and Scottish Housing Regulator | (132) | - | (132) | |
| Net parliamentary funding drawn down | 33,430 | - | 33,430 | |
| Movement of balance with the SCF | 41 | - | 41 | |
| Net Funding Position | 33,471 | - | 33,471 | |
| Net increase/(decrease) in year | 1,548 | (113) | 1,435 | |
| Balance at 31 March 2018 | 22,612 | 9,994 | 32,606 | |
Explanation of Reserves:
General Fund – The General Fund represents the total assets less liabilities of the Scottish Government, to the extent that they are not represented by the revaluation reserve and financing items.
Revaluation Reserve – The Revaluation reserve reflects the unrealised element of the cumulative balance of indexation and revaluation adjustments (excluding donated assets).
Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayers' Equity
For the year ended 31 March 2017
| Note | General Fund | Revaluation Reserve | Total | |
|---|---|---|---|---|
| £m | £m | £m | ||
| Balance as at 1 April 2016 | 20,623 | 9,558 | 30,181 | |
| Net operating cost for the year | (31,862) | - | (31,862) | |
| Net gain/(loss) on revaluation/indexation of property, plant and equipment | - | 771 | 771 | |
| Total Comprehensive Expenditure | (31,862) | 771 | (31,091) | |
| Non Cash Charges | ||||
| Non cash charges - auditor's remuneration | 3a | 2 | - | 2 |
| Non cash charges - NHS adjustment | (10) | - | (10) | |
| Total Non Cash Charges | (8) | - | (8) | |
| Other Reserve Movements | ||||
| Transfer of fixed assets (to)/from other bodies | (3) | 5 | 2 | |
| Transfers between reserves | 222 | (222) | - | |
| Non-current asset adjustments | 5 | (5) | - | |
| Roads historic value adjustment | (125) | - | (125) | |
| Prior Year Adjustments | 9 | - | 9 | |
| Net movement on investment funds | 2 | - | 2 | |
| Total Other Reserve Movements/Adjustments | 110 | (222) | (112) | |
| Funding | ||||
| Parliamentary Funding | 33,189 | - | 33,189 | |
| Less funding to pensions schemes | (347) | - | (347) | |
| Less funding to NRS, OSCR, Scottish Courts and Tribunals Service, Revenue Scotland and Scottish Housing Regulator | (140) | - | (140) | |
| Net parliamentary funding drawn down | 32,702 | - | 32,702 | |
| Movement of balance with the SCF | (489) | - | (489) | |
| Movement in working capital | (12) | - | (12) | |
| Net Funding Position | 22 | 32,201 | - | 32,201 |
| Net increase/(decrease) in year | 441 | 549 | 990 | |
| Balance at 31 March 2017 | 21,064 | 10,107 | 31,171 | |
Explanation of Reserves:
General Fund – The General Fund represents the total assets less liabilities of the Scottish Government, to the extent that they are not represented by the revaluation reserve and financing items.
Revaluation Reserve – The Revaluation reserve reflects the unrealised element of the cumulative balance of indexation and revaluation adjustments (excluding donated assets).
Contact
There is a problem
Thanks for your feedback