Our financial statements
Statement of comprehensive revenue and expense
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.
Statement of financial position
This statement reports total assets and liabilities. The difference between total assets and total liabilities is called equity.
Statement of changes in equity
Equity is the Crown’s investment in the Office and is measured as the difference between total assets and total liabilities. Equity is disaggregated and classified as taxpayers’ funds and a memorandum account.
Statement of cash flows
This statement summarises the cash movements in and out of the Office during the year. It takes no account of money owed to the Office or owing by the Office, and therefore differs from the Statement of comprehensive revenue and expense.
Statement of commitments
This statement records expenditure to which the Office is contractually committed at 30 June 2023.
Statement of contingent liabilities and contingent assets
This statement discloses situations that existed at 30 June 2023, the ultimate outcome of which is uncertain and will be confirmed only on the occurrence of one or more future events after the date of approval of the financial statements.