Key financial statistics

Five year trend

 2011-12
$'000
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
Financial Performance¹
Total revenue42,85942,54142,27143,02144,978
Total expenses41,86942,65942,65843,53443,975
(Loss) on disposal0(38)(22)00
Operating profit/(loss)990(156)(409)(513)1,003
Financial Position
Total assets28,82328,55527,58726,02027,005
Accumulated funds(31,303)(19,601)(20,288)(26,696)(45,970)
Solvency and debtor management
Current ratio1.91.81.71.82.1
Average days to collect debts4653424440

Performance against budget¹

 2015-16
Budget
$'000
2015-16
Actual
$'000
2016-17
Budget
$'000
Revenue
Audit fees44,54044,40946,216
Interest150175150
Other revenue206394206
Total revenue44,89644,97846,572
Expenditure
Salaries and related expenses33,42432,75334,805
Other expenses including operating expenses, maintenance, loss on disposal and
finance costs
6,8026,9566,730
Contract audit agent costs2,1352,7232,443
Depreciation and amortisation1,7611,5431,158
Total expenditure44,12243,97545,136
Operating profit7741,0031,436

¹ Excludes defined benefit superannuation scheme adjustments of $1,802,592 in 2015–16 ($1,733,000 in 2014–15 and $1,843,000 in 2013–14).