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 173 NT FLEET FINANCIAL REPORT 17. Notes to the Cash Flow Statement RECONCILIATION OF CASH The total of NT Fleet 'Cash and deposits' of $24 million recorded in the Balance Sheet is consistent with that recorded as Cash in the Cash Flow Statement. Reconciliation of Net Surplus to Net Cash from Operating Activities 2017 $000 2016 $000 Net Surplus 7 097 6 922 Non-cash items: Depreciation and amortisation 17 076 16 851 (Gain)/Loss on disposal of assets (3 375) (2 954) Changes in assets and liabilities: Decrease/(Increase) in receivables 253 1 034 Decrease/(Increase) in prepayments (3) (1) Decrease/(Increase) in other assets - (Decrease)/Increase in payables (33) 34 (Decrease)/Increase in provision for employee benefits 5 (43) (Decrease)/Increase in other provisions 77 (379) (Decrease)/Increase in deferred income (307) 35 Net Cash from Operating Activities 20 790 21 501 18. Financial Instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial instruments held by NT Fleet include cash and deposits, receivables, payables and finance leases. NT Fleet has limited exposure to financial risks as discussed below. FINANCIAL INSTRUMENTS A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets and liabilities are recognised on the Balance Sheet when NT Fleet becomes a party to the contractual provisions of the financial instrument. NT Fleets financial instruments include cash and deposits; receivables; advances; investments loan and placements; payables; advances received; borrowings and derivatives. Due to the nature of operating activities, certain financial assets and financial liabilities arise under statutory obligations rather than a contract. Such financial assets and liabilities do not meet the definition of financial instruments as per AASB 132 Financial Instruments Presentation. These include statutory receivables arising from taxes including GST and penalties. Exposure to interest rate risk, foreign exchange risk, credit risk, price risk and liquidity risk arise in the normal course of activities. NT Fleets investments, loans and placements, and borrowings are predominantly managed through the Northern Territory Treasury Corporation (NTTC) adopting strategies to minimise the risk.


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.