Report on State Annual Accounts 2017 Annex 4 State corporate holdings Hallituksen vuosikertomuksen 2017 liite 4 Valtion yhtiöomistus

Abstract

As provided in section 46 of the Constitution, the Government submits to Parliament a report on the State annual accounts and information on the management of government finances and compliance with the budget including measures taken by the Government in response to the resolutions passed by Parliament.

More detailed provisions on the report on the State annual accounts are set out in section 9a of the Government Act (715/2003) and sections 17 and 18 of the State Budget Act (42371988). Section 18 of the State Budget Act stipulates that the State annual accounts and information on the central government finances and the State’s financial management and operative performance included in the report on the State annual accounts shall provide true and fair information on compliance with the budget, State revenues and expenditure, the State’s financial position, and performance (true and fair view). Legislatively, the contents of the report are more specifically governed by the requirements laid down in the State Budget Decree (1243/1992). The statutory regulation of the report on the State annual accounts was updated by an amendment to the the State Budget Decree (118/2016) effective as of February 2016.

The 2017 report on the State annual accounts issued by the Government consists of five sections, the actual report and four annexes:

Annex 1 Financial performance by ministries

Annex 2 Financial statements

Annex 3 Measures taken in response to statements and opinions issued by Parliament

Annex 4 State corporate holdings