Annual report 2021/22

Statement of comprehensive revenue and expense for the year ended 30 June 2022

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 section on Our appropriations.

Notes

 Actual 2021/22
$000		 Actual 2020/21
$000		 Main Estimates 2021/22
$000*		 Supplementary 
Estimates
2021/22
$000*		 Main Estimates 2022/23
$000*
Revenue            
Crown funding 2 19,993 18,380 18,906 19,993 19,757
Audit fee revenue 3 93,468 95,382 89,556 92,983 94,040
Other revenue   437 644 230 230 230
Gain on sale of plant and equipment   7 20 - - -
Total revenue   113,905 114,426 108,692 113,206 114,027
Expenditure            
Personnel costs 4 57,276 58,170 59,651 58,356 61,774
Other operating costs 5 56,552 52,674 48,363 53,777 54,423
Depreciation and amortisation expense 10, 11 1,569 1,270 1,527 1,733 2,365
Capital charge 6 321 311 419 321 941
Total expenditure   115,718 112,425 109,960 114,187 119,503
Surplus/(Deficit)   (1,813) 2,001 (1,268) (981) (5,476)
Other comprehensive revenue and expense   - - - - -
Total comprehensive revenue and expense for the year   (1,813) 2,001 (1,268) (981) (5,476)

* All Estimates information is unaudited. The figures under Main Estimates 2021/22 reflect the forecasts published in Budget 2021 and in the Office’s 2020/21 annual report, and the figures under Supplementary Estimates 2021/22 reflect the updated forecasts published in Budget 2022.

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