Territory Stories

Corrigendum Treasurer’s Annual Financial Statement Minor Corrections to pages 19, 29 and 43

Details:

Title

Corrigendum Treasurer’s Annual Financial Statement Minor Corrections to pages 19, 29 and 43

Other title

Tabled paper 894

Collection

Tabled Papers for 9th Assembly 2001 - 2005; Tabled Papers; ParliamentNT

Date

2003-05-27

Description

Tabled By Speaker

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/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/284469

Citation address

https://hdl.handle.net/10070/408351

Page content

REPORT ON THE 2001/02 TREASURERS ANNUAL FINANCIAL STATEMENT , Financial performance GBDs, GOCs and other relevant trading arms of Government Profitability Comparison of the expected, actual and comparative financial performance is detailed in Table 18 below. Table 18 - Net profit or (loss) before taxation and dividends GBD/GOC/Other Budget 2002/03 $000 Actual 2001/02 $000 Actual 2000/01 $000 Actual 1999/2000 $000 Construction Division 1,836 (1,179) 2,981 2,060 Darwin Bus Service 112 500 479 337 Darwin Port Corporation1 3,485 (32,813) (5,196) (47,684) Government Printing Office 276 0 (186) 185 Housing Business Services (7,713) (17,944) (5,533) 5,943 ITMS 1 1,570 2,927 (2,145) 2,207 NT Fleet 6,524 5,297 6,634 6,879 NT Treasury CorporationJ 31,051 26,133 13,688 33,638 Power and Water Authority N /A 4 18,560 19,447 44,766 Territory Discoveries (456) (1,092) (888) (1,071) Territory Insurance Office N/A (12,004) 8,424 3,393 Territory Wildlife Parks (590) (18) (778) (1,112) Totals (11,633) 36,927 49,541 1 This is after asset write downs o f $34.7 million, $6.7 mi lion and $60.6 million in 2001/02, 2000/01 and 1999/00 respectively. 2 Information Technology Management Services. 3 Became a GBD on 1 July 2001. 4 No budget included in the 2002/03 Budget Paper No. 3 as Power and Water became the Territorys first Government Owned Corporation on 1 July 2002 and as such, is now no longer classified as a budget dependent agency. The Corporations Statement o f Corporate Intent for 2002/03 was tabled in the Legislative Assembly in August 2002 by the Treasurer. This document contains the Corporations projected financial performance over the 2002/03 to 2004/05 period. The profitability of these business divisions has been inconsistent and it is encouraging to note that the Northern Territory Government, in most cases anticipates improved performances in 2002/03 Auditor-General for the Northern Territory 43