Note 12: Surplus payment due to the Crown

Annual Report 2010/11.

The Office is not permitted to retain operating surpluses under the Public Finance Act 1989. Thus, the surplus for the year of $916,000 is repayable to the Crown, and is due to be paid by 31 October 2011.

Actual 2010
$000
  Actual 2011
$000
2,014 Surplus current year 916
486 Surplus brought forward 2,014
(486) Payment to the Crown (2,014)
2,014 Total provision for payment to the Crown 916