Audited Whole Of Government Accounts 2010-11 Published
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31 October 2012
Government Accounts (WGA) is a consolidated set of financial statements
for the UK public sector. It consolidates the audited accounts
of over 1,500 organisations across the public sector, including central
government departments, local authorities, devolved administrations,
the health service, academies and public corporations, in order to
produce a comprehensive, accounts-based picture of the fiscal position
in any one year.
based on EU adopted International Financial Reporting Standards (IFRS),
the system of accounts used internationally by the private sector, as
adapted or interpreted for the public sector context, and is similar in
presentation to private sector accounts. It complements the National
Accounts figures, produced by the Office for National Statistics (ONS),
by providing a set of financial statements based on standards familiar
to users of private sector accounts. It makes clear a number
of metrics that previously had been difficult to calculate, such as the
net public service pension liability, the Government’s commitments
under Private Finance Initiative (PFI) contracts, total provisions, and
contingent liabilities. In particular, the account includes:
consolidated Statement of Revenue and Expenditure;
consolidated Statement of Financial Position, showing public sector
assets and liabilities;
consolidated Cash Flow Statement; and
Statement on Internal Control.
The aim of
WGA is to enable Parliament and the public better to understand and
scrutinise how taxpayers’ money is spent. By presenting the
public finances in a framework familiar to the commercial and
accountancy professions, WGA increases transparency and accessibility
of information about public finances.
2010-11 Whole of Government Accounts
Attached below is the Whole of Government Accounts for the year ended
31 March 2011.
2010-11 WGA Unaudited Summary Report
The WGA Unaudited Summary Report for the year ended 31 March
2011 was published on 12 July 2012. It provided the Office of
Budget Responsibility with the best available evidence on which to base
its analysis of the public sector balance sheet for its Fiscal
Sustainability Report published at the same time as this summary report.
Attached below is the Unaudited Summary Report for the year ended 31
Previous Whole of Government Accounts
Guidance for preparers
Acts of Parliament and Statutory Instruments
For England and Wales
The following links are to the OPSI website and all open
in a new window
For Scotland and Northern Ireland
Some of the above documents are available in Adobe Acrobat
Portable Document Format (PDF). If you do not have Adobe Acrobat
installed on your computer you can download the software free of charge
from the Adobe
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