For 2010–11, the AEC recorded an operating deficit of $16.6 million. This compares to the operating loss in 2009–10 of $4.4 million. The operating loss reflects:
The Balance Sheet as at 30 June 2011 shows total assets of $43.8 million and total liabilities of $29.5 million. The total assets include cash and receivable of $14.8 million.
Net assets have decreased by $8.6 million (37.5 per cent). This can be attributed to:
The Australian National Audit Office has issued an unqualified audit opinion for the AEC's 2010–11 financial statements.
The AEC received a cash injection of $5.1 million from an Advance to Finance Minister to cover the additional costs for the 2010 federal election and the cost of preparing for an early election.