Note 19: Capital management

The Office’s capital is its equity, which comprises taxpayers’ funds and a memorandum account. Equity is represented by net assets.

We manage revenue, expenses, assets, liabilities, and general financial dealings prudently to achieve the goals and objectives for which we have been established. The Office’s equity is largely managed as a by-product of managing income, expenses, assets, and liabilities and compliance with the Government Budget processes, Treasury Instructions, and the Public Finance Act 1989