Note 12: Surplus payment due to the Crown

Annual Report for the year ended 30 June 2010.

The Office is not permitted to retain operating surpluses under the Public Finance Act 1989. Thus, the surplus for the year of $2,014,000 is repayable to the Crown, and is due to be paid by 31 October 2010.

Actual   Actual
2009   2010
$000   $000
486 Surplus current year 2,014
285 Surplus brought forward 486
(285) Payment to the Crown (486)
486 Total provision for payment to the Crown 2,014
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