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APPENDIX F
PROFORMA COMPARAT IVE INCOME AND EXPENDI TURE
ACCOUNT (UNAUDI TED)
for the year ended 31 March 2017
This account brings together the closing Insurance and Pensions Authority and Financial
Supervision Commission accounts for the period 1 April 2015 to 31 October 2015, and the Isle
of Man Financial Services Authority accounts for the period 1 November 2015 to 31 March 2016.
Its purpose is to aid comparability of the results of the Authority for the year ended 31 March
2017 with all the component authorities existing in the previous financial period.
This combined income and expenditure account has not been audited.
Income
2016-17
2015-16
£
Licence & Scheme Fees
Fee income and
Civil Penalties
3,385,557
3,259,842
Government Grant
2,516,199
1,950,602
Other Income
146,442
28,225
Reimbursements from
Internal Funds
-
179,788
Total Income
6,048,198
5,418,457
Expenditure
Salaries
4,212,020
3,790,126
Members’ Fees
169,233
194,503
Recruitment
67,383
67,488
Agency Staff
2,100
11,750
Premises
304,085
317,811
Training
57,521
47,168
Travel
48,041
37,289
Professional Fees and
Consultancy
806,282
642,499
Operating Expenses
42,776
62,494
Information Technology
131,976
184,483
Expenses –
Subscriptions
66,487
52,589
Other expenses
12,997
10,257
Loan Charges
11,500
-
Bad Debts
115,797
-
Total Expenditure
(6,048,198)
(5,418,457)
Surplus/(deficit)
for the year
-
-
£
£
£
Isle of Man Financial Services Authority Annual Report 2016/17 • 59