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 55 Note 31: Reserves, restricted funds and retained earnings (continued) Consolidated Parent Entity 2017 2016 2017 2016 $'000 $'000 $'000 $'000 Restricted reserve - building Balance at 1 January 82 201 - - Transfers from/(to) accumulated funds (20) (119) - - Balance at 31 December 62 82 - - Consolidated Parent Entity 2017 2016 2017 2016 $'000 $'000 $'000 $'000 (b) Restricted funds reserve Balance at 1 January 27,609 28,968 27,609 28,968 Transfers from/(to) accumulated funds or Adjustments via revenue and (expenditure) (6,126) (1,359) (6,126) (1,360) Balance at 31 December 21,483 27,609 21,483 27,608 Consolidated Parent Entity 2017 2016 2017 2016 $'000 $'000 $'000 $'000 (c) Retained earnings Retained earnings at 1 January 328,950 337,124 266,125 278,170 Operating result for the period (19,527) (17,297) (14,283) (21,917) Accumulated funds before transfers to Restricted funds 309,423 319,827 251,842 256,253 Transfers (to) / from restricted funds 6,125 1,359 6,125 1,359 Transfer of property, plant and equipment revaluation reserve for retired assets 7,165 6,743 7,986 7,493 Transfer from retained earning - 1,020 - 1,020 Total retained earnings at 31 December 322,713 328,950 265,953 266,125 (d) Nature and purpose of reserves Property, plant and equipment revaluation reserve The property, plant and equipment revaluation reserve arises on the revaluation of non-current assets. Where a revalued asset is sold that portion of the asset revaluation reserve which relates to that asset, and is effectively realised, is transferred to retained earnings.


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