Securities Commission | Publications: Annual report 2006

for the year ended 30 June 2006

2006 Budget $		Note	2006 Actual $	2005 Actual $

	REVENUE
5,983,000	Government grant		5,478,000	5,240,889
1,050,280	Administrative services to the Takeovers Panel	5	1,115,956	888,621
250,000	Exemptions and authorisations fees		260,914	267,970
70,000	Interest		117,839	79,370
-	Other income	4	12,987	7,658
1,243,000	Litigation fund income	7	785,010	1,724,140

8,596,280	Total income		7,770,706	8,208,648


	EXPENSE
4,293,347	Personnel expenses	4	3,892,863	3,657,052
500,500	Occupancy expenses		497,283	500,858
434,369	Depreciation and amortisation	4	428,933	410,684
2,143,500	Other operating expenses	4	1,755,734	1,894,202
1,760,874	Litigation fund expenses	7	785,010	1,724,140

9,132,590	Total expense		7,359,823	8,186,936



(536,310)	Surplus (deficit)		410,883	21,712


	COMPRISING
(18,436)	Operating surplus (deficit)		410,883	21,712
(517,874)	Litigation fund surplus (deficit)		-	-

(536,310)			410,883	21,712

The accompanying Notes form part of these Financial Statements.

for the year ended 30 June 2006

Budget $		Note	Accumulated Funds $	Litigation Fund $	Total Equity $

	At 1 July 2004		2,277,789	843,750	3,121,539
	Surplus (deficit) for year		21,712	-	21,712

	Total recognised income/expense for the year		21,712	-	21,712

3,143,251	At 30 June 2005		2,299,501	843,750	3,143,251

(536,310)	Surplus (deficit) for year		410,883	-	410,883
(536,310)	Total recognised income/expense for the year		410,883	-	410,883

2,606,941	At 30 June 2006	7, 8	2,710,384	843,750	3,554,134

2006 Annual Report