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  3. Annual report 2021/22
  4. Our finances
  5. Notes to the financial statements
  6. Note 6: Capital charge

Annual report 2021/22

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Note 6: Capital charge

Accounting policy

The capital charge is recognised as an expense in the financial year to which the charge relates.

Further information on the capital charge

We pay a capital charge to the Crown on taxpayers’ funds as at 30 June and 31 December each year. The capital charge rate is determined by the Treasury, and for the year ended 30 June 2022 was 5% (2021: 5%).

Note 6: Capital charge
  • Note 1: Statement of accounting policies
  • Note 2: Crown funding
  • Note 3: Audit fee revenue
  • Note 4: Personnel costs
  • Note 5: Other operating costs
  • Note 6: Capital charge
  • Note 7: Cash and cash equivalents
  • Note 8: Receivables
  • Note 9: Work in progress
  • Note 10: Property, plant, and equipment
  • Note 11: Intangible assets
  • Note 12: Payables and deferred revenue
  • Note 13: Surplus repayment due to the Crown
  • Note 14: Employee entitlements
  • Note 15: Memorandum account
  • Note 16: Reconciliation of cash flow statement activities
  • Note 17: Related party transactions
  • Note 18: Financial instruments
  • Note 19: Capital management
  • Note 20: Explanations of significant variances against the Main Estimates
  • Note 21: Events after the balance date
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