Territory Stories

Department of Corporate and Information Services annual report 2016-17

Details:

Title

Department of Corporate and Information Services annual report 2016-17

Creator

Northern Territory. Department of Corporate and Information Services

Collection

E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report

Date

2017

Notes

Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Northern Territory. Department of Corporate and Information Services -- Periodical

Publisher name

Northern Territory Government

Place of publication

Darwin

Series

Department of Corporate and Information Services annual report; Annual report

Volume

2016/2017

File type

application/pdf

ISSN

1835-2332

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0

Parent handle

https://hdl.handle.net/10070/304926

Citation address

https://hdl.handle.net/10070/361114

Page content

Annual Report 2016-17 | Department of Corporate and Information Services 143 DEPARTMENT OF CORPORATE AND INFORMATION SERVICES - FINANCIAL REPORT Total Carrying Amount $000 Net Fair Value Level 1 $000 Net Fair Value Level 2 $000 Net Fair Value Level 3 $000 Net Fair Value Total $000 2017 Financial Assets Cash and deposits 46 810 46 810 - - 46 810 Receivables 1 687 1 687 - - 1 687 Total Financial Assets 48 497 48 497 - - 48 497 Financial Liabilities Deposits held 4 730 4 730 - - 4 730 Payables 5 872 5 872 - - 5 872 Total Financial Liabilities 10 602 10 602 - - 10 602 2016 Financial Assets Cash and deposits 21 696 21 696 - - 21 696 Receivables 3 354 3 354 - - 3 354 Total Financial Assets 25 050 25 050 - - 25 050 Financial Liabilities Deposits held 8 823 8 823 - - 8 823 Payables 4 111 4 111 - - 4 111 Total Financial Liabilities 12 934 12 934 - - 12 934 The net fair value of financial instruments disclosed above are based on Level 1 method, the carrying amount of these financial instruments recorded in the financial statements approximates their respective net fair values. Where differences exist, these are not material. There were no changes in valuation techniques during the period. 19. Related Parties i) Related Parties DCIS is a government administrative entity and is wholly owned and controlled by the Northern Territory Government. Related parties of the department include: the Portfolio Minister and key management personnel (KMP) because they have authority and responsibility for planning, directing and controlling the activities of the department directly; spouses, children and dependents who are close family members of the Portfolio Minister or KMP; all public sector entities that are controlled and consolidated into the all-of-government financial statements; and any entities controlled or jointly controlled by KMPs or the Portfolio Minister or controlled or jointly controlled by their close family members. ii) Key Management Personnel (KMP) KMP of DCIS are those persons having authority and responsibility for planning, directing and controlling the activities of DCIS. These include the Minister, the Chief Executive Officer and 11 members of the executive team.


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