Note 12: Surplus payment due to the Crown
Annual Report 2010/11.
The Office is not permitted to retain operating surpluses under the Public Finance Act 1989. Thus, the surplus for the year of $916,000 is repayable to the Crown, and is due to be paid by 31 October 2011.
| Actual 2010 $000 |
Actual 2011 $000 |
|
|---|---|---|
| 2,014 | Surplus current year | 916 |
| 486 | Surplus brought forward | 2,014 |
| (486) | Payment to the Crown | (2,014) |
| 2,014 | Total provision for payment to the Crown | 916 |