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 Services186 D ATA CEN TR E SERVICES FIN AN CIAL R EPO RT Financial Statement Overview For the year ended 30 June 2017 Data Centre Services (DCS) achieved an improved operating result for 2016-17 of $2.9 million after tax, $0.6 million above budget expectations. This operating result has been achieved primarily through higher than expected revenue due to increased client demand. Income was higher than budget in 2016-17 due to an increase in demand for midrange services and an increase in mainframe income. Expenses were lower than budget due to timing changes for asset acquisitions reducing expected depreciation expenses. DCS will pay an income tax equivalent of $1.3 million and will return a dividend of $1.5 million to government for 2016-17. Table 1: 2016-17 and 2015-16 Actual and Final Budget Performance Actual $000 Final Budget $000 Variation $000 2017 2016 2017 2016 2017 2016 Income 25 583 25 258 24 941 24 892 642 366 Expenses 21 373 20 113 21 534 21 103 161 990 Net Surplus Before Tax 4 210 5 145 3 407 3 789 803 1 356 Income Tax Expense 1 263 1 544 1 022 1 137 (241) (407) Net Surplus After Tax 2 947 3 601 2 385 2 652 562 949 Other Comprehensive Income - - - - - Comprehensive Result 2 947 3 601 2 385 2 652 562 949 Financial Performance (Comprehensive Operating Statement) The primary change in DCS financial performance between 2016-17 and 2015-16 relates to the project to establish a new Government Data Centre in Millner, which is increasing DCS costs while reducing governments ICT risks. Table 2: 2016-17 and 2015-16 Actual Performance 2017 $000 2016 $000 Variation $000 Income 25 583 25 258 325 Expenses 21 373 20 113 (1 260) Net Surplus Before Tax 4 210 5 145 (935) Income Tax Expense 1 263 1 544 281 Net Surplus After Tax 2 947 3 601 (654) Other Comprehensive Income - - Comprehensive Result 2 947 3 601 (654)