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 2nd November 2018, the DSB filed its first statutory accounts containing the independent auditor’s report to the members of the DSB conducted in accordance with International Standards on Auditing (UK) and applicable UK law. 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.