Appendix C. Audit opinion on the AFR
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Appendix B. About this report, the AFR and our financial audits
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Appendix A. Submissions and comments
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2. Financial outcomes for the GGS
Conclusion
In 2021–22 the state made an operating loss from transactions of $15.3 billion (compared to $18.3 billion in 2020–21) and had an operating cash deficit of $4.8 billion (compared to $9.3 billion in 2020–21).
The GGS made an operating loss from transactions of $13.8 billion (compared to $14.6 billion in 2020–21) and had an operating cash deficit of $8.9 billion (compared to $13.0 billion in 2020–21).
1. Audit outcomes
Conclusion
Our unmodified opinion provides reasonable assurance that the financial performance and position of the State of Victoria, and within that the general government sector (GGS), as reported in the 2021–22 Annual Financial Report of the State of Victoria (AFR), are reliable.
Auditor-General's Report on the Annual Financial Report of the State of Victoria: 2021–22
Body
The 2021–22 Annual Financial Report of the State of Victoria (AFR) is free from material error and we issued an unmodified audit opinion on it.
Key audit matters
We issued clear opinions on 25 of the 28 material entities’ financial reports.
Appendix D. Data elements in the VADC
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Appendix C. Scope of this audit
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Appendix B. Acronyms, abbreviations and glossary
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Appendix A. Submissions and comments
Click the link below to download a PDF copy of Appendix A. Submissions and comments.