Publication - Corporate report

Scottish Government consolidated accounts: annual report 2019 to 2020

Published: 17 Dec 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.

146 page PDF

3.9 MB

146 page PDF

3.9 MB

Contents
Scottish Government consolidated accounts: annual report 2019 to 2020
Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayer's Equity

146 page PDF

3.9 MB

Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayer’s Equity

Statement of Comprehensive Net Expenditure and Changes in Taxpayers' Equity
For the year ended 31 March 2020
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).

Statement of Comprehensive Net Expenditure and Changes in Taxpayers' Equity
For the year ended 31 March 2019
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

Contact

Email: accountancyservicesunit@gov.scot