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 Services214 D ATA CEN TR E SERVICES FIN AN CIAL R EPO RT c) LIQUIDITY RISK Liquidity risk is the risk that DCS will not be able to meet its financial obligations as they fall due. DCS approach to managing liquidity is to ensure that it will always have sufficient liquidity to meet its liabilities when they fall due. The following tables detail DCS remaining contractual maturity for its financial assets and liabilities. 2017 Maturity analysis for financial assets and liabilities 2016 Maturity analysis for financial assets and liabilities Variable Interest Rate Fixed Interest Rate Less than a Year 1 to 5 Years More than 5 Years Less than a Year 1 to 5 Years More than 5 Years NonInterest Bearing Total Weighted Average $000 $000 $000 $000 $000 $000 $000 $000 % ASSETS Cash and deposits 10 817 - - - - - - 10 817 1.52 Receivables - - - - - - 2 427 2 427 Total Financial Assets 10 817 - - - - - 2 427 13 244 LIABILITIES Payables - - - - - - 510 510 Total Financial Liabilities - - - - - - 510 510 Variable Interest Rate Fixed Interest Rate Less than a Year 1 to 5 Years More than 5 Years Less than a Year 1 to 5 Years More than 5 Years NonInterest Bearing Total Weighted Average $000 $000 $000 $000 $000 $000 $000 $000 % ASSETS Cash and deposits 16 861 - - - - - - 16 861 1.96 Receivable - - - - - - 2 625 2 625 Total Financial Assets 16 861 - - - - - 2 625 19 486 LIABILITIES Payables - - - - - - 816 816 Total Financial Liabilities - - - - - - 816 816 d) MARKET RISK Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. It comprises interest rate risk, price risk and currency risk. (i) Interest Rate Risk DCS has limited exposure to interest rate risk as DCS financial assets and financial liabilities, are non interest bearing. Finance lease arrangements are established on a fixed interest rate and as such do not expose DCS to interest rate risk.


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