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Government Accounts 2007-08

The Treasury has released the audited Government’s Accounts for the year to 31 March 2008.

These Accounts are the financial report style version of the Accounts and have been subject to audit by the Public Auditors. In accordance with the Audit Act 2006 they have been formally laid before the October 2008 sitting of Tynwald. The detailed, unaudited management version of the Accounts was issued earlier in the year, in May 2008 (Detailed Government Accounts, GD 019/08).

The Accounts are the first to be prepared by Treasury in accordance with the Audit Act 2006. This has led to numerous changes in the scope and presentation of the Accounts, with significant changes from previous years including:

The underlying figures previously reported in the Detailed Government Accounts for Central Government remain unchanged. Those Accounts revealed:

The production of the audited Government Accounts represents further progress by the Treasury towards full compliance with UK GAAP. Earlier in 2008, Tynwald approved Audit Directions permitting certain exemptions in respect of the accounting treatment of fixed assets and pension schemes and further work will be undertaken on these areas to bring them into line with accounting best practice.

21 October 2008

Downloadable Documents
Acrobat PDF FileIOM Government Accounts - Year ended 31st March 2008 (342 kb)
Format:Acrobat PDF File
Acrobat PDF FileDetailed Government Accounts - year ended 31st March 2008 (572 kb)
Format:Acrobat PDF File
Acrobat PDF FileFinancial Information and Miscellaneous Accounts – Year ended 31st March 2008 (Part 1) (2587 kb)
Format:Acrobat PDF File
Acrobat PDF FileFinancial Information and Miscellaneous Accounts – Year ended 31st March 2008 (Part 2) (3825 kb)
Format:Acrobat PDF File
Acrobat PDF FileFinancial Information and Miscellaneous Accounts – Year ended 31st March 2008 (Part 3 (2749 kb)
Format:Acrobat PDF File

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