Annual Report 2017-2018 OmbudsmanNT
Tabled paper 934
Tabled Papers for 13th Assembly 2016 - 2020; Tabled Papers; ParliamentNT
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OMBUDSMANS OFFICE NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2018 122 Notes: The following note descriptions relate to variances greater than 10 per cent or $20 000, or where multiple significant variances have occurred. 1. Personnel savings due to delay in ongoing appointments pending anticipated transfer of Office of the Information Commissioner. 2. Operational savings due to reduced FTE relating to note 1 and related reduced capacity. 2017-18 2017-18 Actual Original Balance Sheet budget Variance Note $000 $000 $000 ASSETS Current assets Cash and deposits 1 346 969 377 1 Receivables 2 -2 Prepayments 6 4 2 Other assets Total current assets 1 353 975 378 Non-current assets Property, plant and equipment - 9 -9 Total non-current assets - 9 -9 TOTAL ASSETS 1353 984 369 LIABILITIES Current liabilities Payables 15 25 -10 Provisions 329 224 105 2 Other liabilities Total current liabilities 344 249 95 TOTAL LIABILITIES 344 249 95 NET ASSETS 1 008 735 273 EQUITY Capital 346 346 Accumulated funds 662 389 273 TOTAL EQUITY 1 008 735 273 Notes: The following note descriptions relate to variances greater than 10 per cent or $20 000, or where multiple significant variances have occurred. 1. Variance due to greater cash holdings from operational savings in both current and prior reporting periods. 2. Increased provisions largely due to new staff member transferring in with a large volume of accrued entitlements.
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