Territory Stories

Charles Darwin Univiersity financial statements 2017

Details:

Title

Charles Darwin Univiersity financial statements 2017

Creator

Charles Darwin Univiersity

Collection

Charles Darwin Univiersity financial statements; Reports; PublicationNT

Date

2018

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Charles Darwin University -- Periodicals; Charles Darwin University -- Finance -- Periodicals; Financial statements -- Australia -- Northern Territory; Universities and colleges -- Australia -- Northern Territory -- Finance -- Periodicals

Publisher name

Charles Darwin University

Place of publication

Casuarina

Volume

2017

Format

v. ; 30 cm.

File type

application/pdf

Copyright owner

Charles Darwin University

Related materials

http://territorystories.nt.gov.au/jspui/handle/10070/306001 [Charles Darwin University finanical statement]

Parent handle

https://hdl.handle.net/10070/305197

Citation address

https://hdl.handle.net/10070/360771

Page content

Notes to the Financial Statements For the year ended 31 December 2017 29 Note 8: Other revenue Consolidated Parent Entity 2017 2016 2017 2016 $'000 $'000 $'000 $'000 Other revenue Donations - CDUFT and other 959 1,563 38 65 Scholarships and prizes 2,091 1,503 1,631 1,239 Financial assistance/grants 488 301 488 301 Sales 4,682 5,446 5,590 6,191 Facility and equipment hire 1,358 1,341 1,242 1,349 Catering 169 148 166 145 Guest accommodation 3,968 3,367 2,483 3,342 Joint venture operations 2,350 8,366 2,350 8,366 Sundry income 1,485 852 1,448 1,476 Other 1,730 1,112 1,508 1,164 Total other revenue 19,280 24,000 16,944 23,637 Other income Change in fair value less point of sale cost of livestock 657 122 657 122 Total other income 657 122 657 122 Total other revenue 19,937 24,122 17,601 23,759 Accounting Policy Sale of goods Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer and can be measured reliably. Risks and rewards are considered to have passed to the buyer at the time of delivery of the goods to the customer. Rendering of services Revenue from rendering of services is recognised only when the entity has a right to be compensated, it is probable that compensation will be received, and the amount of revenue and the stage of completion of a transaction can be reliably measured. Sale of goods and disposal of assets Revenue from the sale of goods and disposal of assets is recognised when the group has passed control to the buyer. Contribution of assets Revenue arising from the contribution of assets is recognised when the group gains control of the contribution or the right to receive the contribution. Liabilities forgiven The gross amount of a liability forgiven by a credit provider is recognised as revenue. Change in fair value less point of sale cost of livestock Changes in the fair value less estimated point of sale costs are recognised in the income statement in the year they arise.


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