Scottish Public Finance Manual

The Scottish Public Finance Manual (SPFM) is issued by the Scottish Ministers to provide guidance on the proper handling and reporting of public funds.

Annex 1: accounts contents



Summary of Total Outturn 

This is the “Parliamentary control” statement, providing a comparison of actual outturn with the budget (as reconciled to the total approved budget).

Summary of Resource Outturn and Summary of Capital Outturn 

These summaries provide a link between the Summary of Total Outturn statement, the individual Portfolio outturn statements and the note on capital expenditure.

Portfolio Outturn statements

These statements present the programme outturn for the year against budget; a separate statement is provided for Administration. They are the equivalent of the “Operating Cost statement” required by the FReM for Whitehall departments.

These statements also include narrative explanations of the differences in outturn from the budgeted position

Statement of Financial Position

The Statement of Financial Position follows conventional practice.

Statement of Comprehensive Net Expenditure and Changes in Taxpayers' Equity The change in equity during a period resulting from transactions and other events

Cash Flow statement

This statement also follows conventional practice and the particular format and disclosures required by the FReM. It will report the net cash requirement for the financial year and the funding provided from the SCF. 

Notes to the Accounts

The notes to the accounts provide additional information to support the figures in the primary statements and to provide additional disclosures required by the FReM. The notes to the consolidated accounts include both core and consolidated information.

 Page reviewed: January 2019

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