Annual Report 2011 - Legal Services Commissioner
Annual Report 2011 - Legal Services Commissioner
Annual Report 2011 - Legal Services Commissioner
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Comprehensive<br />
operating statement<br />
For the year ended 30 June <strong>2011</strong><br />
<strong>2011</strong> 2010<br />
Notes $ $<br />
Continuing operations<br />
Income from transactions<br />
<strong>Legal</strong> <strong>Services</strong> Board (LSB) contributions 2(a) 11,050,833 10,086,106<br />
Interest 2(b) 37,066 24,163<br />
Other income 2(c) 188,682 97,829<br />
Total income from transactions 11,276,581 10,208,098<br />
Expenses from transactions<br />
Depreciation and amortisation expense 3 (a) (280,565) (229,548)<br />
Employee benefits 3 (b) (7,657,900) (7,151,859)<br />
Consultants and legal expenses 3 (c) (843,264) (858,514)<br />
Supplies and services 3 (d) (843,149) (794,087)<br />
Other operating expenses 3 (e) (1,241,356) (1,191,228)<br />
Total expenses from transactions (10,866,234) (10,225,236)<br />
Net result from transactions (net operating balance) 410,347 (17,138)<br />
Other economic flows included in net result<br />
Net gain/ (loss) from the revaluation of the long service leave provision<br />
due to changes in the present value of the discount rate<br />
7,994 (12,159)<br />
Net gain/ (loss) on disposal of assets (4,129) 6,751<br />
Total other economic flows included in net result 3,865 (5,408)<br />
Net result for the year 414,212 (22,546)<br />
Other economic flows‐ other non‐owner changes in equity - -<br />
Comprehensive result 414,212 (22,546)<br />
The comprehensive operating statement should be read in conjunction with the accompanying notes included on pages 46 to 68.<br />
42 <strong>Legal</strong> <strong>Services</strong> COMMISSIONER <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
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