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 Cash Flows
| Restated 2022-23 | Note | 2023-24 | ||
|---|---|---|---|---|
| £m | £m | |||
| (48,211) | Net cash outflow from operating activities | (A) | (49,828) | |
| (1,829) | Net cash outflow from investment activities | (B) | (1,936) | |
| 117 | Payments (from)/to the SCF | (D) | (251) | |
| 49,245 | Cash flows from financing activities | (C) | 52,430 | |
| (678) | Increase / (Decrease) in cash in the period | 2 | 415 | |
| (A) Reconciliation of operating costs to operating cash flows | (47,707) | Net Operating Expenditure | SoCTE | (51,573) |
| 12 | Income not applied | 5b | 5 | |
| 460 | Adjustments for non-cash transactions | 3 | 1,104 | |
| 220 | Add back: interest payable for financing | 244 | ||
| (4) | Increase / (decrease) in inventories | 45 | ||
| (148) | (Increase) / decrease in receivables and other current assets | 4 | 62 | |
| (951) | Increase / (decrease) in trade and other payables | 4 | (148) | |
| 14 | Increase / (decrease) in provisions | 4 | 433 | |
| (107) | Interest receivable | - | ||
| (48,211) | Net cash outflow from operating activities | (49,828) | ||
| (B) Analysis of cash flows from investing activities | (863) | Purchase of property, plant and equipment | (766) | |
| (162) | Purchase of intangible assets | (152) | ||
| - | Proceeds of disposal of property, plant and equipment | (3) | ||
| 6 | Proceeds of disposal of intangible assets | 5 | ||
| - | Proceeds of assets held for sale | - | ||
| (1,108) | Advances of Investments | (1,183) | ||
| (151) | Acquisition of Shares | (302) | ||
| 417 | Repayments of Investments | 371 | ||
| 32 | NLF Loans | 14 | 94 | |
| (1,829) | Net Cash outflow from investment activities | (1,936) | ||
| (C) Analysis of cash flows from financing activities | 49,535 | From Scottish Consolidated Fund | SOCTE | 52,474 |
| - | Additional funding from pensions schemes | 317 | ||
| - | Non-cash adjustments to SCF Funding | 64 | ||
| (32) | Loan transactions with the National Loans Fund | (94) | ||
| (146) | Capital element of payments in respect of finance leases | (211) | ||
| 109 | Interest received | 124 | ||
| (221) | Interest element of finance leases and NPD/PPP/PFI contracts included in SoFP | (244) | ||
| - | Interest paid | - | ||
| 49,245 | Cash flows from financing activities | 52,430 | ||
| 678 | Decrease/(Increase) in cash equivalents | 2 | (415) | |
| 49,923 | Net cash and cash equivalents requirement | 52,015 |
(D) Payments to the Scottish Consolidated Fund (SCF) represent the increase in the balance receivable from the SCF of £251m.
The prior year cashflow balances have been adjusted for the adjustments processed through the Health board figures, due to changes in the accounting for the PFI liabilities and the NHS Boards consolidation adjustments.
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