Statement of comprehensive income

for the year ended 30 June 2013

Annual Report 2012/13

This statement reports the income and expenditure relating to all outputs (goods and services) produced by the Office. Supporting statements showing the income and expenditure of each output class are on pages 24, 29, and 39.

Explanations of major variances against the Main Estimates are detailed in Note 20.

Actual
2011/12
Notes Actual
2012/13
Supp. Estimates
2012/13
Main Estimates
2012/13
$000 $000 $000 $000
Income
10,045 Crown funding 2 10,080 10,080 10,045
71,433 Audit fee revenue 3 70,041 68,912 69,093
329 Other income 163 - -
56 Gain on sale of plant and equipment 41 - -
81,863 Total income 80,325 78,992 79,138
Expenditure
37,660 Personnel costs 4 38,075 37,573 36,989
41,546 Operating costs 5 39,920 39,996 40,579
886 Depreciation and amortisation expense 9, 10 1,035 1,057 1,204
322 Capital charge 6 366 366 366
80,414 Total expenditure 79,396 78,992 79,138
- Other comprehensive income - - -
1,449 Total comprehensive income for the year 929 - -

The accompanying notes form part of these financial statements.

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