DSB Statutory Accounts 2018
On 13 June 2019, the DSB filed its 2018 statutory accounts containing the independent auditor’s report conducted in accordance with FRS 102 the Financial Reporting Standard applicable in the UK. In order to facilitate greater transparency, the Financial Statements include analysis of statement of income and retained earnings separated in to DSB Cost Recovery and DSB Commercial activities.
The DSB’s continued focus on cost-efficiency has resulted in operating expenditure of €942K below the 2018 budget. This saving, together with an additional €166K of revenue above the 2018 revenue expectations, due to intra-year new user agreements, will result in a total reduction of €1,108K to be applied against the 2020 Estimated Total DSB Cost. The original 2018 Estimated Total DSB Cost, as published on the ANNA-DSB website was €9.2M - see ‘Fee Model Variables’.
DSB Statutory Accounts 2017
On 31 October 2018, the DSB filed its 2017 statutory accounts containing the independent auditor’s report conducted in accordance with FRS 102 the Financial Reporting Standard applicable in the UK. The accounts cover the period from DSB start-up to 31 December 2017 and include the DSB commercial services consisting of €273K revenue and €236K of costs.
The DSB’s focus on cost-efficiency resulted in operating expenditure of €263K below the 2017 DSB Cost recovery Budget. This saving, together with an additional €90K of DSB Cost Recovery revenue above the 2017 revenue expectations, due to increased take up of user agreements in Q4 2017, resulted in a cost recovery surplus of €353K. The surplus generated of €353K has been applied against the 2019 Estimated Total DSB Cost.