| 2012–13 $’000 |
2013–14 $’000 |
2014–15 $’000 |
2015–16 $’000 |
2016–17 $’000 |
|
|---|---|---|---|---|---|
| Five year trend | |||||
| Financial performance1 | |||||
| Total revenue | 42,541 | 42,271 | 43,021 | 44,979 | 47,251 |
| Total expenses | 42,659 | 42,658 | 43,534 | 43,975 | 47,246 |
| (Loss) on disposal | (38) | (22) | 0 | 0 | 0 |
| Operating profit/(loss) | (156) | (409) | (513) | 1,004 | 5 |
| Financial position | |||||
| Total assets | 28,555 | 27,587 | 26,020 | 26,857 | 27,228 |
| Accumulated funds | (19,601) | (20,288) | (26,696) | (45,970) | (29,051) |
| Solvency and debtor management | |||||
| Current ratio | 1.8 | 1.7 | 1.8 | 2.1 | 2.0 |
| Average days to collect debts | 53 | 42 | 44 | 40 | 37 |
| 2016–17 Budget $’000 | 2016–17 Actual $’000 | 2017–18 Budget $’000 | |
|---|---|---|---|
| Performance against budget1 | |||
| Revenue | |||
| Audit fees | 38,236 | 37,827 | 50,801 |
| Government contributions | 7,980 | 8,592 | 9,750 |
| Interest | 150 | 167 | 151 |
| Other revenue | 206 | 665 | 214 |
| Total revenue | 46,572 | 47,251 | 60,916 |
| Expenditure | |||
| Salaries and related expenses | 33,560 | 33,498 | 38,685 |
| Other expenses including operating expenses, maintenance, loss on disposal and finance costs | 7,894 | 7,880 | 8,025 |
| Contract audit agent costs | 2,443 | 4,718 | 11,304 |
| Depreciation and amortisation | 1,239 | 1,150 | 1,039 |
| Total expenditure | 45,136 | 47,246 | 59,053 |
| Operating profit | 1,436 | 5 | 1,863 |
1 Excludes defined benefit superannuation scheme adjustments of $2,088,000 in 2016–17 ($1,803,000 in 2015–16).