The concepts of revenue and expenditure used in business accounting correspond to those used in general business accounting. In such situations, borrowings and credits are treated as financial transactions, and revenue and expenditure are allocated as income and expenses for the purposes of creating the income and expense account and balance sheet. Deferrable appropriations that are not used during the budget year and that can be used in the following budget year do have any impact on the income and expense account or the balance sheet.
The report consists of ten tables, in which income and expenses are presented by account group. The first three tables show the operating income and expenses and the difference between them (surplus I). The next three tables present financial income and expenses, extraordinary income and expenses and the difference between them, which comprises balance II when added to surplus I. The next tables presents the income and expenses from payment transfers and the difference between them, which comprises surplus III when added to surplus II. The next table shows income from taxes and mandatory charges, which are added to surplus III. This results in the surplus/deficit for the financial year. The figures in the report are presented with an accuracy of one million euros.
The columns show the accumulation for the reporting month from the start of the year, compared with the same period a year before. The next columns show the difference between these years in euros and in percentage terms.
During 2022, a drilling feature will be added to the report, which will allow a review at the level of financial statement templates used in central government accounting.