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 Services180 N T FLEET FIN AN CIAL R EPO RT All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the following fair value hierarchy based on the inputs used: Level 1 inputs are quoted prices in active markets for identical assets or liabilities Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly Level 3 inputs are unobservable. The fair value of financial instruments is determined on the following basis: the fair value of cash, deposits, advances, receivables and payables approximates their carrying amount, which is also their amortised cost the fair value of derivative financial instruments are derived using current market yields and exchange rates appropriate to the instrument the fair value of other monetary financial assets and liabilities is based on discounting to present value the expected future cash flows by applying current market interest rates for assets and liabilities with similar riskprofiles. For financial instruments measured and disclosed at fair value, the following table groups the instruments based on the level of inputs used. 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 23 925 23 925 - - 23 925 Receivables 780 780 - - 780 Total Financial Assets 24 705 24 705 - - 24 705 Financial Liabilities Payables 2 572 2 572 - - 2 572 Total Financial Liabilities 2 572 2 572 - - 2 572 2016 Financial Assets Cash and deposits 24 013 24 013 - - 24 013 Receivables 921 921 - - 921 Total Financial Assets 24 934 24 934 - - 24 934 Financial Liabilities Payables 3 213 3 213 - - 3 213 Total Financial Liabilities 3 213 3 213 - - 3 213 There were no changes in valuation techniques during the period.