Statement of comprehensive revenue and expense

for the year ended 30 June 2024

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 in the "Appropriation statements" section.

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

	Notes	Actual 2023/24 $000	Actual 2022/23 $000	Main Estimates 2023/24 $000*	Supplementary Estimates 2023/24 $000*	Main Estimates 2024/25 $000*
Revenue
Crown funding	2	21,273	21,757	20,906	21,273	23,098
Audit fee revenue	3	132,216	110,906	118,016	123,952	122,631
Other revenue		580	496	230	230	230
Gains on sale of plant and equipment		1	19	-	-	-
Total revenue		154,070	133,178	139,152	145,455	145,959
Expenditure
Personnel costs	4	68,680	64,242	67,429	69,748	70,928
Other operating costs	5	78,558	69,199	76,640	75,527	77,322
Depreciation and amortisation expense	10, 11	1,921	1,865	2,685	2,532	3,064
Capital charge	6	1,231	751	1,231	1,231	1,6188
Total expenditure		150,390	136,057	147,985	149,038	152,932
Surplus/(Deficit)		3,680	(2,879)	(8,833)	(3,583)	(6,973)
Other comprehensive revenue and expense		-	-	-	-	-
Total comprehensive revenue and expense for the year		3,680	(2,879)	(8,833)	(3,583)	(6,973)

* All Estimates information is unaudited. The figures under Main Estimates 2023/24 reflect the forecasts published in Budget 2023 and in the Office's 2022/23 annual report, and the figures under Supplementary Estimates 2023/24 reflect the updated forecasts published in Budget 2024.