[Verse 1] When government meets business in a corporate dance Creating enterprises with a public stance They operate commercially but serve the state IFRS applies when profits they generate Control and ownership blend in hybrid form Beyond traditional boundaries of the norm [Chorus] GBE's - Government Business Entities P-three partnerships singing harmonies Consolidate when control is clear Disclose the risks that stakeholders fear Hybrid structures need transparency Show the substance, not what meets the eye [Verse 2] Public-private partnerships share the load Infrastructure projects down a blended road Government provides the public benefit Private sector brings efficiency to it Risk allocation determines who controls Accounting follows where the power rolls [Chorus] GBE's - Government Business Entities P-three partnerships singing harmonies Consolidate when control is clear Disclose the risks that stakeholders fear Hybrid structures need transparency Show the substance, not what meets the eye [Bridge] Control means power over policies and decisions Not just equity or voting provisions Look beyond the legal form you see To economic substance and dependency Service concessions, build-operate-transfer too Each arrangement needs a thorough review [Verse 3] Consolidation when you have control Even if ownership isn't the whole goal Disclosure notes must tell the story true Risks and commitments, contingencies too Related party transactions need the light Governance structures must be brought to sight [Chorus] GBE's - Government Business Entities P-three partnerships singing harmonies Consolidate when control is clear Disclose the risks that stakeholders fear Hybrid structures need transparency Show the substance, not what meets the eye [Outro] In the world where public meets private gain Accountants make the complex clear and plain Substance over form will guide the way For government partnerships today
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