Corporate report

DFID Annual Report and Accounts 2015-16

The latest Department for International Development's Annual Report and Accounts was published on 13 July 2016.

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Annual Report

The Annual Report meets DFID’s obligation to report on its activities and progress under the International Development (Reporting and Transparency) Act 2006. It includes information on DFID’s results achieved, spending, performance and efficiency.

Accounts

DFID’s Accounts are prepared in accordance with the 2015-16 Government Financial Reporting Manual (FReM), issued by HM Treasury. The accounting policies contained in the FReM apply International Financial Reporting Standards as adapted or interpreted for the public sector context. DFID’s Accounts are similar in many respects to the annual accounts prepared by private sector businesses. They contain the primary financial statements recording the full costs of activities, DFID’s assets and liabilities as well as providing information on how resources have been used to meet objectives.

The format is tailored to central government accounting including, for example, financial comparisons against the Department’s resource-based estimates. Those not familiar with the format of the accounts might like to focus on the Financial Review within the Performance Report, which summarises the key areas of performance. The Financial Statements and certain sections of the Accountability Report are audited by the National Audit Office before they are presented to Parliament.

Published 13 July 2016
Last updated 15 August 2016 + show all updates
  1. Print ready version of DFID Annual Report and Accounts 2015- 2016 added
  2. First published.