The Land Registry 2006/07 Annual Report

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Financial Management

Actual Performance

In the year ended 31 March 2007, the Land Registry Trading Fund achieved a net profit after taxation of $118 million and attained a return on ANFA of 20.9 per cent.

When compared with 2005/06, overall revenue decreased by $21.2 million (down 4.7 per cent). Operating expenses also increased by $7 million (up 2.5 per cent) mainly due to increase in staff cost and depreciation.

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