20 Memorandum Accounts
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Landonline - Statement of memorandum account
For the year ended 30 June 2008
| Actual 30/6/07 $000 |
Actual 30/6/08 $000 |
|
|---|---|---|
| 45,462 | Balance as at 1 July | 28,744 |
| Income | ||
| 49,084 | Operating revenue | 45,154 |
| Expenses | ||
| 65,802 | Operating expenses | 62,093 |
| (16,718) | Net surplus/(deficit) | (16,939) |
| 28,744 | Balance as at 30 June | 11,805 |
The memorandum account is a notional account to record the accumulated balance of surpluses and deficits incurred for outputs operating on a full cost-recovery basis. It is intended to provide a long-run perspective to the pricing of outputs.
Overseas Investment Office (OIO) - Statement of memorandum account
For the year ended 30 June 2008
| Actual 30/6/07 $000 |
Actual 30/6/08 $000 |
|
|---|---|---|
| (254) | Balance as at 1 July | 117 |
| Income | ||
| 1,409 | Income from OIO applications | 1,466 |
| Expenses | ||
| 1,038 | Expenses from OIO operations | 1,538 |
| 371 | Surplus/(deficit) for the period | (72) |
| 117 | Balance as at 30 June | 45 |
The opening balance is the accumulated deficit from Overseas Investment Commission operations transferred from the Reserve Bank in August 2005.
