FINANCIAL REVIEW

5-YEAR FINANCIAL SUMMARY

FINANCIAL HIGHLIGHTS

For FY2016, the Authority achieved a net surplus of $75.2 million, after Government grants and contribution to Government Consolidated Fund, an increase of 223% (or $51.9 million) over the $23.3 million
recorded in FY2015.

OPERATING INCOME

The Authority’s operating income comprised agency fees, regulatory fees, processing fees and other fees and charges. FY2016 operating income of $209.3 million was higher by 48% (or $67.8 million).

OPERATING EXPENDITURE

The operating expenditure of the Authority increased by 5% (or $5.6 million) to $127.4 million for FY2016.

FINANCIAL POSITION

As at 31 March 2017, the Authority’s financial position strengthened, with total equity at $319.2 million, an increase of $75.4 million from a year ago. This was mainly attributable to the net surplus of $75.2 million for FY2016. Total assets of the Authority stood at $411.0 million, whilst liabilities totalled $91.8 million.