Statement of comprehensive income

for the year ended 30 June 2014

Annual Report 2013/14.

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 22 and 37.

Explanations of significant variances against the Main Estimates are detailed in Note 21.

Notes Actual
2013/14
Actual
2012/13
Main Estimates
2013/14
Supplementary Estimates
2013/14
Main Estimates
2014/15
$000 $000 $000* $000* $000*
Income
Crown funding 2 10,120 10,080 10,080 10,120 10,120
Audit fee revenue 3 72,116 70,041 68,114 71,042 75,390
Other income 199 163 275 275 260
Gain on sale of plant and equipment 31 41 - - -
Total income 82,466 80,325 78,469 81,437 85,770
Expenditure            
Personnel costs 4 37,664 38,075 37,629 37,543 39,392
Other operating costs 5 42,079 39,920 39,018 42,080 44,735
Depreciation and amortisation expense 9, 10 1,236 1,035 1,324 1,316 1,145
Capital charge 6 498 366 498 498 498
Total expenditure 81,477 79,396 78,469 81,437 85,770
Other comprehensive income - - - - -
Total comprehensive income for the year 989 929 - - -

* All Estimates information is unaudited.

The accompanying notes form part of these financial statements.

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