Key financial statistics

 

2013–14
$’000
2014–15
$’000
2015–16
$’000
2016–17
$’000
2017–18
$’000
Five year trend
Financial performance1
Total revenue 42,271 43,021 44,979 47,251 59,334
Total expenses 42,658 43,534 43,975 47,246 59,147
(Loss) on disposal (22) 0 0 0 0
Operating profit/(loss) (409)  (513) 1,004 5 187
Financial position
Total assets 27,587  26,020 26,857 27,228  28,721
Accumulated funds (20,288)  (26,696) (45,970)  (29,051) (26,776)
Solvency and debtor management
Current ratio 1.7 1.8 2.1 2.0 2.0
Average days to collect debts 42 44 40 37 33

 

2017–18 Budget $’000 2017–18 Actual $’000 2018–19 Budget $’000
Performance against budget1
Revenue
Audit fees 50,801 48,000 49,941
Government contributions 9,750 10,337 10,089
Interest 151 172 150
Other revenue 213 825 212
Total revenue 60,915 59,334 60,392
Expenditure
Salaries and related expenses 38,685 35,508 38,749
Other operating 8,024 9,474 9,467
Audit service provider costs 11,304 12,918 11,219
Depreciation and amortisation 1,039 1,247 1,308
Total expenditure 59,052 59,147 60,743
Operating surplus/(loss) 1,863 187 (351)

1 Excludes defined benefit superannuation scheme adjustments of $1,758,000 in 2017–18 ($2,008,000 in 2016–17).