Note 13: Surplus repayment due to the Crown

The repayment of surplus to the Crown is due to be paid by 31 October each year. The amount to be repaid includes any unused Crown funding and/or gains on sale of assets from the previous financial year. Any surplus arising from audit fees collected under the revenue dependent appropriation is transferred to the memorandum account and held for use in the Audit and Assurance Services RDA output class in future years. The memorandum account is explained further in Note 21.

Surplus 976 2,075
Less Surplus transferred to memorandum account 21 (899) (1,811)
Total provision for surplus repayment to the Crown 77 264