5-Year Financial Summary
|5-Year Financial Summary ($'m)||FY2013||FY2014||FY2015||FY2016||FY2017|
|Gross Surplus (after Government grants)||45.9||46.4||28.1||90.7||45.3|
For FY2017, the Authority recorded a net surplus of $37.6 million before other comprehensive income, a decrease of 50% over the $75.2 million in FY2016.
The Authority’s operating income comprised agency fees, regulatory fees, processing fees and other fees and charges. FY2017 operating income of $182.2 million was lower by 13% (or $27.1 million).
|Operating Income||FY2017||FY2016||Increase/ Decrease|
|Regulatory Fees & Charges||83.6||112.6||(29.0)||-26%|
|Other Fees & Charges||10.3||8.0||2.3||29%|
Operating expenditure of the Authority increased by 15% (or $18.9 million) to $146.3 million for FY2017.
|Operating Expenditure||FY2017||FY2016||Increase/ Decrease|
|Expenditure on Manpower||58.8||57.8||1.0||2%|
|Maintenance of IT Systems & Services||23.7||21.5||2.2||10%|
|Expenditure relating to Agency Functions||36.1||21.4||14.7||69%|
|Depreciation & Amortisation of Assets||8.2||7.3||0.9||12%|
|Project & Professional Fees||3.5||3.7||(0.2)||-5%|
As at 31 March 2018, the Authority’s financial position strengthened, with total equity at $346.4 million, an increase of $27.2 million from a year ago. This was mainly attributable to the net surplus of $37.6 million for FY2017, offset by the dividend paid to Government of $9.0 million in FY2017.
Total assets of the Authority stood at $441.9 million, whilst liabilities totalled $95.5 million.
|Property, Plant & Equipment and Intangible Assets||24.8||23.0||1.8||8%|
|Other Non-Current Assets||3.4||6.1||(2.7)||-44%|
|Equity & Liabilities||FY2017||FY2016||Increase/ Decrease|