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


Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayers' Equity

For the year ended 31 March 2018

  Note General Fund Revaluation Reserve Total
£m £m £m
Balance at 1 April 2017   21,064 10,107 31,171
Net operating cost for the year   (32,449) - (32,449)
Net gain/(loss) on revaluation/indexation of property, plant and equipment   - 399 399
Total Comprehensive Net Expenditure   (32,449) 399 (32,050)
Non Cash Charges
Non cash charges - auditor's remuneration   2 - 2
Non cash charges - NHS adjustment   16 - 16
Non cash charges - Roads adjustment   (8) - (8)
Total Non Cash Charges   10 - 10
Other Reserve Movements
Transfers between reserves   512 (512) -
Net movement on investment funds   4 - 4
Total Other Reserve Movements/Adjustments   516 (512) 4
Funding
Parliamentary Funding   33,968 - 33,968
Less funding to pensions schemes   (406) - (406)
Less funding to National Records of Scotland, Office of Scottish Charity Regulator, Scottish Courts and Tribunals Service, Revenue Scotland, Scottish Fiscal Commission and Scottish Housing Regulator   (132) - (132)
Net parliamentary funding drawn down   33,430 - 33,430
Movement of balance with the SCF   41 - 41
Net Funding Position   33,471 - 33,471
Net increase/(decrease) in year   1,548 (113) 1,435
Balance at 31 March 2018   22,612 9,994 32,606

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).

Consolidated Statements of Comprehensive Net Expenditure and Changes in Taxpayers' Equity

For the year ended 31 March 2017

  Note General Fund Revaluation Reserve Total
£m £m £m
Balance as at 1 April 2016   20,623 9,558 30,181
Net operating cost for the year   (31,862) - (31,862)
Net gain/(loss) on revaluation/indexation of property, plant and equipment   - 771 771
Total Comprehensive Expenditure   (31,862) 771 (31,091)
Non Cash Charges
Non cash charges - auditor's remuneration 3a 2 - 2
Non cash charges - NHS adjustment   (10) - (10)
Total Non Cash Charges   (8) - (8)
Other Reserve Movements
Transfer of fixed assets (to)/from other bodies   (3) 5 2
Transfers between reserves   222 (222) -
Non-current asset adjustments   5 (5) -
Roads historic value adjustment   (125) - (125)
Prior Year Adjustments   9 - 9
Net movement on investment funds   2 - 2
Total Other Reserve Movements/Adjustments   110 (222) (112)
Funding
Parliamentary Funding   33,189 - 33,189
Less funding to pensions schemes   (347) - (347)
Less funding to NRS, OSCR, Scottish Courts and Tribunals Service, Revenue Scotland and Scottish Housing Regulator   (140) - (140)
Net parliamentary funding drawn down   32,702 - 32,702
Movement of balance with the SCF   (489) - (489)
Movement in working capital   (12) - (12)
Net Funding Position 22 32,201 - 32,201
Net increase/(decrease) in year   441 549 990
Balance at 31 March 2017   21,064 10,107 31,171

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).

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