Communication on the consolidated annual accounts of the European Union 2017

The consolidated annual accounts of the EU provide financial information on the activities of the institutions, agencies and other bodies of the EU from both an accrual accounting and budgetary perspective, including information on contingent liabilities, financial commitments and other obligations.

The consolidated annual accounts of the EU consist of two separate but linked parts: (a) the consolidated financial statements; and (b) the reports on implementation of the budget, which provide an aggregated record of budget implementation. They are accompanied by a Financial Statement Discussion and Analysis (FSDA) which summarises significant changes and trends in the financial statements and explains significant risks and uncertainties the EU has faced and needs to address in future.

This document presents a complete overview of the EU's finances and the implementation of the EU budget for the financial year 2017.