The following components make up a complete set of GRAP-based financial statements: a) a balance sheet b) income statement c) statement of changes in net assets d) a cash flow statement e) a comparison of budget and actual amounts when the entity makes its approved budget publicly available f) notes; and g) comparative information In accordance with e) above, GRAP 24 Budget Information helps to guide the preparation of such comparison between budget and actual amounts, if required to be included in a set of financial statements.