Lagos State Government |
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Financial Statements |
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For the year ended 31 December 2017 |
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Statement of Changes in Net Assets |
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Accumulated surplus |
Available for sale reserve |
Total reserve |
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₦’000 |
₦’000 |
₦’000 |
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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) |
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Balance at 31 December 2017 |
1,179,978,510 |
76,194,202 |
1,256,172,712 |
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The accounting policies and notes form an integral part of these financial statements. |
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STATE TREASURY OFFICE |
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MINISTRY OF FINANCE |
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A. S. UMAR (MRS.) |
THE SECRETARIAT |
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PERMANENT SECRETARY/ACCOUNTANT-GENERAL |
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ALAUSA -IKEJA, LAGOS |
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LAGOS STATE |
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