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

20. Third Party Assets

Assets held at Statement of Financial Position date to which monetary value can be assigned:

  2016-17 Gross Inflows Gross Outflows 2017-18
£m £m £m £m
Monetary amounts such as bank balances and monies on deposit 39 27 (32) 34
Unclaimed dividends and unapplied balances 17 - (2) 15
Total Monetary Assets 56 27 (34) 49

Accountant in Bankruptcy holds funds of £38m (2016-17: £45m) on behalf of third parties. This mainly comprises realised assets that are held whilst awaiting repayment to the public purse or distribution to creditors with a value of £24m (2016-17: £28m). The balance of £14m (2016-17: £17m) relates to money consigned in respect of unclaimed dividends and unapplied balances.

The NHS Bodies hold money on behalf of patients. This totalled £9m in 2017-18 (2016-17: £9m).

The Scottish Prison Service also holds £1m on behalf of prisoners (2016-17: £1m).

Other Assets held at the Statement of Financial Position date all relate to Accountant in Bankruptcy:

Description 2017-18 2016-17
Number held Number held
Residential property 1,057 1,211
Motor vehicles, boats and caravans 23 157
Life Policies 140 434
Shares and Investments 99 153
Miscellaneous 186 290

No third party assets have been included within the Statement of Financial Position.


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