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LAGOS STATE GOVERNMENT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017

Lagos State Government
Financial Statements
For the year ended 31 December  2017
Statement of Changes in Net Assets
Accumulated surplus Available for sale reserve Total reserve
 ₦’000  ₦’000  ₦’000
Balance at 1 January 2017       1,381,465,775          76,733,407       1,458,199,182
Actuarial Gains/(Losses)                (4,728,169)                               –                (4,728,169)
Change in Fair Value Available-for -sale Financial Assets                                 –                 (539,205)                   (539,205)
Surplus/(Deficit) for the period           (196,759,096)                               –           (196,759,096)
Balance at 31 December 2017       1,179,978,510          76,194,202        1,256,172,712
The accounting policies and notes form an integral part of these financial statements.
STATE TREASURY OFFICE
MINISTRY OF FINANCE  A. S.  UMAR (MRS.)
THE SECRETARIAT PERMANENT SECRETARY/ACCOUNTANT-GENERAL
ALAUSA -IKEJA, LAGOS  LAGOS STATE