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 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 15.
| Note | Actual 2021/22 $000 |
Actual 2020/21 $000 |
|
|---|---|---|---|
| Surplus/(Deficit) current year | (1,813) | 2,001 | |
| Less: Surplus/(Deficit) transferred to/from memorandum account | 15 | (4,928) | 384 |
| Total provision for payment to the Crown | 3,115 | 1,617 |