Statement of comprehensive revenue and expense

Annual Report 2016/17.

for the year ended 30 June 2017

This statement reports the revenue and expense relating to all outputs (goods and services) produced by the Office. Supporting statements showing the revenue and expense of each output class are on pages 29, 30, 40, 41, and 42.

	Notes	Actual 2016/17	Actual 2015/16	Main Estimates 2016/17	Supplementary Estimates 2016/17	Main Estimates 2017/18
		$000	$000	$000*	$000*	$000*
Revenue
Crown funding	2	10,817	10,749	10,735	10,817	10,813
Audit fee revenue	3	76,414	78,298	75,295	75,774	83,162
Other revenue		149	204	230	230	230
Gain on sale of plant and equipment		47	41	18	46	18
Total revenue		87,427	89,292	86,278	86,867	94,223
Expenditure
Personnel costs	4	43,252	41,649	42,654	42,118	43,960
Other operating costs	5	44,709	45,081	43,313	45,642	46,597
Depreciation and amortisation expense	10, 11	1,126	1,088	1,102	1,199	1,191
Capital charge	6	404	498	498	404	373
Total expenditure		89,491	88,316	87,567	89,363	92,121
Surplus/(deficit)		(2,064)	976	(1,289)	(2,496)	2,102
Other comprehensive revenue and expense		-	-	-	-	-
Total comprehensive revenue and expense for the year		(2,064)	976	(1,289)	(2,496)	2,102

* All Estimates information is unaudited.

Explanations of significant variances against the Main Estimates are detailed in Note 20.

The accompanying notes form part of these financial statements.