Statement of Comprehensive Revenue and Expense For the year ended 31 March 2017 NOTE 2017 $ 2016 $ Revenue from non-exchange transactions Registration Income – Annual Practising Certificate 4,800,950 4,686,517 Disciplinary Levies 479,151 466,880 Disciplinary Orders and Recoveries 92,636 206,685 5,372,738 5,360,082 Revenue from exchange transactions Registration Income – Other 1,484,620 1,161,440 Interest Received 242,295 256,794 Sundry Income 690,034 236,577 Education and Standards Income 534,955 466,431 2,951,903 2,121,241 Total revenue 8,324,641 7,481,323 Expenses Corporate Services Expenses 6 2,794,304 2,470,511 Education and Standards Expenses 501,041 476,835 Registration Expenses – Annual Practising Certificate 121,933 97,660 Registration Expenses – Other 8 1,150,550 1,021,616 Disciplinary Expenses 9 985,055 1,117,224 Fitness to Practise Expenses 715,026 759,292 Council Expenses 15 259,050 183,706 Strategic Policy 248,027 222,889 Operational Projects 123,432 82,261 Strategic Projects 17,242 24,178 Total expenses 6,915,660 6,456,172 Total surplus for the year 1,408,981 1,025,151 Other comprehensive revenue and expenses - - Total comprehensive revenue and expense for the year 1,408,981 1,025,151 These financial statements should be read in conjunction with the notes to the financial statements. 66 | The Nursing Council of New Zealand
Statement of Changes in Net Assets/Equity For the year ended 31 March 2017 NOTE ACCUMULATED COMPREHENSIVE REVENUE AND EXPENSE $ TOTAL EQUITY $ Opening balance 1 April 2016 6,510,503 6,510,503 Surplus for the year 1,408,981 1,408,981 Other comprehensive income - - Closing equity 31 March 2017 7,919,484 7,919,484 Opening balance 1 April 2015 5,485,352 5,485,352 Surplus for the year 1,025,151 1,025,151 Other comprehensive income - - Closing equity 31 March 2016 6,510,503 6,510,503 These financial statements should be read in conjunction with the notes to the financial statements. Annual Report 2017 | 67