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 Services 201 DATA CENTRE SERVICES FINANCIAL REPORT Rendering of Services Revenue from rendering services is recognised by reference to the stage of completion of the contract. The revenue is recognised when: the amount of revenue, stage of completion and transaction costs incurred can be reliably measured it is probable that the economic benefits associated with the transaction will flow to the entity. 2017 $000 2016 $000 3. Purchases of Goods and Services The net surplus has been arrived at after charging the following expenses: Goods and Services Expenses Contractors and consultants1 3 389 2 629 Legal expenses2 2 Recruitment - 6 Training and study 65 55 Official duty fares 3 6 Travelling allowance 2 8 1 Includes IT contractors and consultants. 2 Includes legal fees, claim and settlement costs. 4. Write-Offs, Postponements, Waivers, Gifts and Ex-Gratia Payments DCS had no write-offs, postponements, waivers, gifts and ex-gratia payments in 2016-17 and 2015-16. 2017 $000 2016 $000 5. Income Tax Expense Prima facie income tax expense calculated at 30% of the surplus before income tax 1 263 1 544 1 263 1 544 2017 $000 2016 $000 6. Cash and Deposits Cash at bank 10 817 16 861 10 817 16 861 For the purposes of the Balance Sheet and the Cash Flow Statement, cash includes cash on hand, cash at bank and cash equivalents. Cash equivalents are highly liquid short-term investments that are readily convertible to cash.