Annual report and Accounts

Annual Report and Accounts 2011-12

The latest annual report was published on 25 June 2012.

The Annual report meets the department’s obligation to report on its activities and progress toward the Millennium Development Goals under the International Development (Reporting and Transparency) Act 2006.  It includes information on DFID results achieved spending, performance and efficiency. The audited statutory accounts include spend against Parliamentary Estimate, and a statement of DFID’s assets and liabilities.

Accounts

DFID's Accounts are prepared in accordance with the 2011-2012 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 operating and financial review within the Management Commentary to the accounts, which summarises the key areas of performance.

The accounts are audited each year by the National Audit Office (NAO) before they are presented to Parliament.

Note the datasets on the right hand side of the page are:

  • 2011-12 Core tables: referred to in Chapter 6: Analysis of Departmental Expenditure, Common Core Tables, Tables B.1 to B.5 – pages 187 – 197.
  • 2011-12 Annual Accounts: referred to in Chapter 5: Accounts, Page 133 to 186 (excluding note 1 on pages 138 to 145).
Last updated: 25 Jun 2012