Corporate report

Whole of Government Accounts, 2010 to 2011

This publication contains the Whole of Government Accounts for the year ended 31 March 2011.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Whole of Government Accounts 2010-11

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Whole of government reports, unaudited summary report

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This publication contains the Whole of Government Accounts for the year ended 31 March 2011.

Whole of 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.

WGA is 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:

  • a consolidated Statement of Revenue and Expenditure;
  • a consolidated Statement of Financial Position, showing public sector assets and liabilities;
  • a consolidated Cash Flow Statement; and
  • a 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.

Contact WGA

Please email wga.team@hmtreasury.gsi.gov.uk or write to:

Whole of Government Accounts
HM Treasury
1 Horse Guards Road
London
SW1A 2HQ

Updates to this page

Published 31 October 2012

Sign up for emails or print this page