Publication - Corporate report
The Scottish Government Consolidated Accounts for the year ended 31 March 2024
The consolidated accounts report actual outturn and compare it to the budget authorised by the Scottish Parliament, each stated on the same accounting basis. The accounts have received a clean bill of health from Audit Scotland for the past 19 years.
Consolidated Statement of Comprehensive Net Expenditure and Changes in Taxpayers’ Equity
| Note | General Fund | Revaluation Reserve | Total | ||
|---|---|---|---|---|---|
| £m | £m | £m | |||
| Balance at 1 April 2023 | 27,493 | 17,327 | 44,820 | ||
| Net operating expenditure for the year | (51,573) | - | (51,573) | ||
| Net gain/(loss) on revaluation/indexation of property, plant and equipment | - | 944 | 944 | ||
| Net gain/(loss) on revaluation/indexation of Right of Use Assets | (8) | (8) | |||
| Total Comprehensive Expenditure for the year ended 31 March 2023 | (51,573) | 936 | (50,637) | ||
| Non Cash Charges | Non cash charges - auditor's remuneration | 3 | 3 | - | 3 |
| Non cash charges - Roads adjustment | (51) | - | (51) | ||
| Total Non Cash charges | (48) | - | (48) | ||
| Other Reserve movements | Lease liability remeasurement on PPP/PFI contracts | (37) | - | (37) | |
| Other Adjustment | 2 | - | 2 | ||
| NHS Adjustment | 8 | - | 8 | ||
| Other Adjustment | (683) | (1) | (684) | ||
| Transfer between reserves | 9 | (9) | - | ||
| Total other reserve movements/adjustments | (701) | (10) | (711) | ||
| Funding | Parliamentary Funding | 52,518 | - | 52,518 | |
| Less funding to Revenue Scotland, National Records of Scotland, Office of Scottish Charity Regulator, Environmental Standards Scotland and Scottish Housing Regulator | (20) | - | (20) | ||
| NHS Adjustment | (1) | - | (1) | ||
| Other - Funding Adjustment | (23) | - | (23) | ||
| Net parliamentary funding drawn down | 52,474 | - | 52,474 | ||
| Additional funding from pensions schemes | 317 | - | 317 | ||
| Movement of balance with the SCF | (296) | - | (296) | ||
| Net funding position | 52,495 | - | 52,495 | ||
| Net increase/(decrease) in year | 173 | 926 | 1,099 | ||
| Balance as at 31 March 2024 | 27,666 | 18,253 | 45,919 | ||
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).
| Note | General Fund | Revaluation Reserve | Total | ||
|---|---|---|---|---|---|
| £m | £m | £m | |||
| Balance at 1 April 2022 | 24,669 | 12,905 | 37,574 | ||
| Social Security prior year adjustments | 105 | - | 105 | ||
| Health Prior year adjustments | 35 | - | 35 | ||
| Revised Balance at 1 April 2022 | 24,809 | 12,905 | 37,714 | ||
| Net operating expenditure for the year | (47,707) | - | (47,707) | ||
| Net gain/(loss) on revaluation/indexation of property, plant and equipment | 1 | 4,587 | 4,588 | ||
| Total Comprehensive Expenditure for the year ended 31 March 2023 | (47,706) | 4,587 | (43,119) | ||
| Non Cash Charges | Non cash charges - auditor's remuneration | 3 | 2 | - | 2 |
| Non cash charges - NHS Adjustment | 55 | - | 55 | ||
| Non cash charges - Roads adjustment | (28) | (31) | (59) | ||
| Total Non Cash charges | 29 | (31) | (2) | ||
| Other Reserve movements | NHS Adjustment | 50 | - | 50 | |
| Other Adjustment | 3 | (3) | - | ||
| Transfer between reserves | 131 | (131) | - | ||
| Total other reserve movements/adjustments | 184 | (134) | 50 | ||
| Funding | Parliamentary Funding | 49,640 | - | 49,640 | |
| Less funding to pensions schemes | (105) | - | (105) | ||
| Less funding to Revenue Scotland, National Records of Scotland, Office of Scottish Charity Regulator, Scottish Courts and Tribunals Service, Scottish Fiscal Commission and Scottish Housing Regulator | - | - | - | ||
| Net parliamentary funding drawn down | 49,535 | - | 49,535 | ||
| Movement of balance with the SCF | 642 | - | 642 | ||
| Net funding position | 50,177 | - | 50,177 | ||
| Net increase/(decrease) in year | 2,684 | 4,422 | 7,106 | ||
| Balance as at 31 March 2023 | 27,493 | 17,327 | 44,820 | ||
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