Statement of comprehensive revenue and expense

Annual report 2020/21.

for the year ended 30 June 2021

This statement reports the revenue and expenditure relating to all outputs (goods and services) produced by the Office. Supporting statements showing the revenue and expenditure of each output class are presented in Part 6.

	Notes	Actual 2020/21 $000	Actual 2019/20 $000	Main Estimates 2020/21 $000*	Supplementary Estimates 2020/21 $000*	Main Estimates 2021/22 $000*
Revenue
Crown funding	2	18,380	15,882	17,482	18,387	18,906
Audit fee revenue	3	95,382	81,816	94,642	93,460	89,556
Other revenue		644	524	230	230	230
Gain on sale of plant and equipment		20	5	-	-	-
Total revenue		114,426	98,227	112,354	112,077	108,692
Expenditure
Personnel costs	4	58,170	51,154	54,866	58,813	59,651
Other operating costs	5	52,674	47,138	54,416	49,837	48,363
Depreciation and amortisation expense	10, 11	1,270	1,196	1,357	1,298	1,527
Capital charge	6	311	373	419	349	419
Total expenditure		112,425	99,861	111,058	110,297	109,960
Surplus/(Deficit)		2,001	(1,634)	1,296	1,780	(1,268)
Other comprehensive revenue and expense		-	-	-	-	-
Total comprehensive revenue and expense for the year		2,001	(1,634)	1,296	1,780	(1,268)

* All Estimates information is unaudited. The figures under Main Estimates 2020/21 reflect the forecasts published in Budget 2020 and in the Office's 2019/20 annual report, and the figures under Supplementary Estimates 2020/21 reflect the updated forecasts published in Budget 2021.

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

The accompanying notes form part of these financial statements.