Statement of comprehensive income

Annual Report 2010/11.

for the year ended 30 June 2011

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 34, 44, and 59.

Explanations of significant variances against the main Estimates are detailed in Note 19.

Actual 2010
$000		   Notes Actual 2011
$000		 Supp. Estimates 2011
$000		 Main Estimates 2011
$000

Income



9,859 Crown funding 2 10,000 10,000 9,948
63,475 Audit fee revenue 3 64,958 64,635 61,602
442 Other income   212 162 141
22 Gain on sale of plant and equipment   25 0 0
73,798 Total income   75,195 74,797 71,691

Expenditure



34,020 Personnel costs 4 34,744 34,285 33,467
36,602 Other operating costs 5 38,407 39,329 36,767
898 Depreciation and amortisation expense 9, 10 867 914 1,117
264 Capital charge 6 261 269 302
71,784 Total expenditure   74,279 74,797 71,653
2,014 Net surplus/(deficit)   916 0 38
0 Other comprehensive income   0 0 0
2,014 Total comprehensive income   916 0 38

The accompanying notes form part of these financial statements.

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