DFID Annual Report and Accounts 2017 to 2018
The Department for International Development's Annual Report and Accounts 2017 to 2018 was published on 5 July 2018.
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DFID is issuing an amendment for its results on Private sector capital mobilised by CDC. The figure for private sector capital mobilised for the two year period from January 2015 to December 2016 as reported in DFID바카라 사이트檚 2017 Annual Report and Accounts (ARA) and the Results sector pages was $2.8bn. This was based on initial figures provided by CDC using the OECD methodology. During quality control for the publication of CDC바카라 사이트檚 own annual review, CDC reclassified a number of co-investments as not meeting the criteria for inclusion in private sector investment mobilised, and therefore amended the reported figure to $2.6 billion. This figure is amended to $2.6bn on page 32 and is also reflected in the table on page 23.
Note these figures are now superseded by CDC바카라 사이트檚 release of their 2017 figures in their annual review which estimate total private sector capital mobilised over a 3 year period (from January 2015 through to December 2017) to be $3.3bn.
The Annual Report meets DFID바카라 사이트檚 obligation to report on its activities and progress under the International Development (Reporting and Transparency) Act 2006. It includes information on DFID바카라 사이트檚 results, spending, performance and efficiency.
DFID바카라 사이트檚 Accounts are prepared in accordance with the 2017 to 2018 바카라 사이트 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. DFID바카라 사이트檚 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, DFID바카라 사이트檚 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 Department바카라 사이트檚 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.
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The figure for private sector capital mobilised for the 2 year period from January 2015 to December 2016 as reported was $2.8bn. This figure is amended to $2.6bn on page 32 and is also reflected in the table on page 23.
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First published.