Territory Stories

Annual Report 1989-1990 Legislative Assembly Members Superannuation Trust

Details:

Title

Annual Report 1989-1990 Legislative Assembly Members Superannuation Trust

Other title

Tabled Paper 94

Collection

Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT

Date

1991-02-12

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2021C00044

Parent handle

https://hdl.handle.net/10070/292784

Citation address

https://hdl.handle.net/10070/398342

Page content

(c) The provision for deferred tax liability relates to timing differences: 1990 1989 S S Deferred Tax Liability 0 596 Note 7 Fund Income Tax Payable 1990 1989 $ S Income Tax Payable 1988/89 54,222 0 Less: Payments Made 1989/90 (20,000) 0 Less: Write Back to Profit & Loss Account (3,022) 0 Plus Income Tax Payable 1989/90 0 54,222 31,200 54,222 Note 8 Prepaid Territory Contributions $ Prepaid Territory Contributions made 1988/89 245 Less : Territory Contributions Repaid 1989/90 245 Balance Prepaid Territory Contributions 30 June 1990 Q Note 9 Reconciliation o f Funds from Operations with increase in Accumulated Funds Reconciliation of Funds from Operations with increase in Accumulated Funds is as fo llow s: 1990 1989 S S Increase in Accumulated Funds 1,380,134 1,767,820 Less: Non-fund Income 1,504,807 1,317,620 A d d : Non-fund Expenditure (3,618) 54,818 Funds from Operations (128,291) 505,018