Department of Corporate and Information Services annual report 2016-17
Annual report 2016-17
Northern Territory. Department of Corporate and Information Services
E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report
2017
Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).
English
Northern Territory. Department of Corporate and Information Services -- Periodical
Northern Territory Government
Darwin
Department of Corporate and Information Services annual report; Annual report
2016/2017
application/pdf
1835-2332
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0
https://hdl.handle.net/10070/304926
https://hdl.handle.net/10070/361114
Annual Report 2016-17 | Department of Corporate and Information Services150 N T FLEET FIN AN CIAL R EPO RT Financial Statement Overview For the year ended 30 June 2017 Financial Performance (Comprehensive Operating Statement) NT Fleet achieved an improved operating result for 2016-17 of $7.1 million after tax which was $0.5 million improvement from the final budget. NT Fleet will pay an income tax equivalent of $3.0 million and return a dividend of $3.5 million to government for 2016-17. Table 1: 2016-17 and 2015-16 Actual and Final Budget Performance The comprehensive result was marginally higher than 2015-16. Table 2: 2016-17 and 2015-16 Actual Performance INCOME NT Fleets primary income source comes from vehicle lease charges. These services, classified under the income category of goods and services in Table 3 below, represented 90.8% of NT Fleets total income, with the remainder made up of interest, asset sales and other miscellaneous income. Total income increased by $1.1 million in 2016-17, primarily resulting from increased goods and services income from vehicle leases and asset sales due to a greater number of vehicles disposed. Actual $000 Final Budget $000 Variation $000 2017 2016 2017 2016 2017 2016 Income 42 955 41 828 42 411 41 779 544 49 Expenses 32 817 31 939 32 958 31 742 (141) 197 Net Surplus Before Tax 10 138 9 889 9 453 10 037 685 (148) Income Tax Expense 3 041 2 967 2 836 3 011 205 (44) Net Surplus After Tax 7 097 6 922 6 617 7 026 480 (104) Other Comprehensive Income - - - - - Comprehensive Result 7 097 6 922 6 617 7 026 480 (104) 2017 $000 2016 $000 Variation $000 Income 42 955 41 828 1 127 Expenses 32 817 31 939 878 Net Surplus Before Tax 10 138 9 889 249 Income Tax Expense 3 041 2 967 74 Net Surplus After Tax 7 097 6 922 175 Other Comprehensive Income - - Comprehensive Result 7 097 6 922 175