Note 4: Personnel costs
Accounting policy
Salaries and wages
Salaries and wages are recognised as an expense as employees provide services.
Superannuation schemes
Obligations for contributions to The Auditor-General's Retirement Savings Plan, KiwiSaver, and the Government Superannuation Fund are accounted for as defined contribution plans and are recognised as an expense in the surplus or deficit as incurred.
Breakdown of personnel costs
| Actual 2023/24 $000 |
Actual 2022/23 $000 |
|
|---|---|---|
| Salaries and wages | 64,716 | 60,322 |
| Other employee-related costs | 1,517 | 1,950 |
| Employer contributions to defined contribution plans | 1,824 | 1,643 |
| Increase/(decrease) in employee entitlements | 623 | 327 |
| Total personnel costs | 68,680 | 64,242 |