Publication - Corporate report
Scottish Government consolidated accounts: annual report 2019 to 2020
Annual report of the consolidated financial results of the Scottish Government, its Executive Agencies and the Crown Office, prepared in accordance with International Financial Reporting Standards (IFRS). The Audit Scotland report on the accounts is also linked and is unqualified.
Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayer’s Equity
| Note | General Fund £m |
Revaluation Reserve £m |
Total £m |
|
|---|---|---|---|---|
| Balance at 1 April 2019 | 22,862 | 10,425 | 33,287 | |
| Net operating cost for the year | (37,695) | - | (37,695) | |
| Net gain/(loss) on revaluation/indexation of property, plant and equipment | 7 | - | 395 | 395 |
| Non-Operating gain/(loss) on transfer of property, plant and equipment | 7 | - | - | - |
| Scottish Forestry transfer in year | 5 | (3) | - | (3) |
| Total Comprehensive Expenditure for the year ended 31 March 2020 | (37,698) | 395 | (37,303) | |
| Non Cash Charges | ||||
| Non cash charges - auditor's remuneration | 6e | 3 | - | 3 |
| Non cash charges - NHS adjustment | - | - | - | |
| Non cash charges - Roads adjustment | 3a | (235) | - | (235) |
| Total Non Cash charges | (232) | - | (232) | |
| Other Reserve movements | ||||
| Prior year adjustments | 11 | (17) | - | (17) |
| NHS Highland Pension movement | 16 | - | 16 | |
| Roads historic adjustment | 75 | |||
| Transfer between reserves | 144 | (144) | - | |
| Total other reserve movements/adjustments | 218 | (144) | (1) | |
| Funding | ||||
| Parliamentary Funding | 37,616 | - | 37,616 | |
| Less funding to pensions schemes | (39) | - | (39) | |
| 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 | (53) | - | (53) | |
| Net parliamentary funding drawn down | 22 | 37,524 | - | 37,524 |
| Movement of balance with the SCF | 88 | - | 88 | |
| Net funding position | 37,612 | - | 37,612 | |
| Net increase/(decrease) in year | (100) | 251 | 76 | |
| Balance as at 31 March 2020 | 22,762 | 10,676 | 33,363 | |
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 £m |
Revaluation Reserve £m |
Total £m |
|
|---|---|---|---|---|
| Balance at 1 April 2018 | 22,357 | 9,994 | 32,351 | |
| Net operating cost for the year | (34,601) | - | (34,601) | |
| Net gain/(loss) on revaluation/indexation of property, plant and equipment | 7 | - | 797 | 797 |
| Total Comprehensive Expenditure for the year ended 31 March 2019 | (34,601) | 797 | (33,804) | |
| Non Cash Charges | ||||
| Non cash charges - auditor's remuneration | 6 | 2 | - | 2 |
| Non cash charges - NHS adjustment | - | - | - | |
| Non cash charges - Roads adjustment | 241 | - | 241 | |
| Total Non Cash charges | 243 | - | 243 | |
| Other Reserve movements | ||||
| Transfer between reserves | 57 | (57) | - | |
| Realised element of the revaluation reserve | 309 | (309) | - | |
| Prior year adjustment (roundings) | 1 | 1 | ||
| Total other reserve movements/adjustments | 367 | (366) | 1 | |
| Funding | ||||
| Parliamentary Funding | 35,374 | - | 35,374 | |
| Less funding to pensions schemes | (447) | - | (447) | |
| Less funding to Revenue Scotland, National Records of Scotland, Office of Scottish Charity Regulator, Forestry Commission (Scotland), Scottish Courts and Tribunals Service, Revenue Scotland, Scottish Fiscal Commission and Scottish Housing Regulator | (47) | - | (47) | |
| Net parliamentary funding drawn down | 22 | 34,880 | - | 34,880 |
| Movement of balance with the SCF | (394) | - | (394) | |
| Transfer of benefit overpayment receivables from DWP | 10 | - | 10 | |
| Net funding position | 34,496 | - | 34,496 | |
| Net increase/(decrease) in year | 505 | 431 | 936 | |
| Balance as at 31 March 2019 | 22,862 | 10,425 | 33,287 | |
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