Territory Stories

Department of Corporate and Information Services annual report 2016-17

Details:

Title

Department of Corporate and Information Services annual report 2016-17

Other title

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 Services152 N T FLEET FIN AN CIAL R EPO RT Financial Position (Balance Sheet) NT Fleets net financial position as at end of 2016-17 was $116.2 million, which was $3.6 million higher than the previous years financial position. The net increase reflects the operating result of $7.1 million, partially offset by dividend payable to government of $3.5 million. The major movements in assets included a $3.1 million increase in plant and equipment. Major assets at 30 June 2017 included: $23.9 million cash and deposits; $0.8 million receivables (GST receivable and outstanding service fees); $1.4 million assets held for sale; and $99.5 million property, plant and equipment (mainly motor vehicles). Major liabilities at 30 June 2017 included: $2.6 million payables and accrued expenses; $3.0 million income tax provisions; $0.5 million provisions for employee entitlements; and $3.5 million provisions for dividend. Table 5: 2016-17 and 2015-16 Actual Financial Position 2017 $000 2016 $000 Variation $000 ASSETS Current Assets 26 347 27 134 (787) Non-Current Assets 99 535 95 949 3 586 TOTAL ASSETS 125 882 123 083 2 799 LIABILITIES Current Liabilities 9 649 10 331 (682) Non-Current Liabilities - 97 (97) TOTAL LIABILITIES 9 649 10 428 (779) NET ASSETS 116 233 112 655 3 578 EQUITY 116 233 112 655 3 578 TOTAL EQUITY 116 233 112 655 3 578


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