Scottish Government consolidated accounts: 2018-2019
Annual report of consolidated financial results of the Scottish Government, its Executive Agencies and the Crown Office, prepared in accordance with IFRS.
Rural Economy
Portfolio Outturn Statement for the Year Ended 31 March 2019
| 2017-18 Outturn |
Programme | Variance Note |
Gross Expenditure |
Income Applied |
Outturn | Budget | Variance |
|---|---|---|---|---|---|---|---|
| £m | £m | £m | £m | £m | £m | ||
| Expenditure Limit | |||||||
| 120 | EU Support and Related Services | 1 | 809 | 667 | 142 | 164 | (22) |
| 3 | Fisheries & Aquaculture grants | 16 | 11 | 5 | 6 | (1) | |
| 38 | Rural Services | 32 | - | 32 | 34 | (2) | |
| 70 | Highlands and Islands Enterprise | 2 | 73 | - | 73 | 67 | 6 |
| 231 | Total Expenditure Limit | 930 | 678 | 252 | 271 | (19) | |
| UK Funded Annually Managed Expenditure | |||||||
| (4) | EU Support and Related Services | 3 | 9 | - | 9 | 4 | 5 |
| (4) | Total AME | 9 | - | 9 | 4 | 5 | |
| Other Expenditure | |||||||
| - | Animal License Fees | - | - | - | - | - | |
| - | Total Other Expenditure | - | - | - | - | - | |
| 227 | Total Resources | 939 | 678 | 261 | 275 | (14) | |
| 401 | Capital - Additions/Advances | 4 | 452 | - | 452 | 30 | 422 |
| (232) | Capital - Disposals/Repayments | 4 | (493) | - | (493) | (170) | (323) |
| 169 | Total Capital | (41) | - | (41) | (140) | 99 | |
| 396 | Total Outturn | 898 | 678 | 220 | 135 | 85 | |
In addition to direct expenditure, the share of administration costs allocated to the Rural Economy portfolio is £2m. This gives a total net expenditure of £222m.
Explanation of Major Variances greater than £3m:
Note 1 £7m of increased EU recovery in the Less Favoured Area Support Scheme (LFASS) following change in the co-financing rate. £5m as a result of lower than anticipated depreciation charges. £3m as anticipated EU disallowance not crystallised in 2018-19. £2m as a result of lower than anticipated demand in the Agri-Environment scheme. £5m of miscellaneous minor underspends across a range of programmes.
Note 2 Higher than anticipated Highlands and Islands Enterprise working capital requirement.
Note 3 Higher than anticipated asset impairment and provisions that include £1m related to a potential exchange rate loss.
Note 4 Recovery of prior years' loans to farmers partially offset by Basic Payment Scheme (BPS) and LFASS 2018 loan advances.
Remaining £3m consists of other minor variances across a number of programmes within the portfolio.
Contact
Email: alison.douglas@gov.scot
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