Note 12: Surplus payment due to the Crown

The Office is not permitted to retain operating surpluses under the Public Finance Act 1989. Thus, the surplus for the year of $1,449,567 is repayable to the Crown, and is due to be paid by 31 October 2012.

Actual
2011
$000
Actual
2012
$000
916 Surplus current year 1,449
2,014 Surplus brought forward 916
(2,014) Payment to the Crown (916)
916 Total provision for payment to the Crown 1,449