Territory Stories

Annual Report 2006-2007 Department of Natural Resources Environment and the Arts

Details:

Title

Annual Report 2006-2007 Department of Natural Resources Environment and the Arts

Other title

Tabled paper 1189

Collection

Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT

Date

2007-11-29

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/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/283663

Citation address

https://hdl.handle.net/10070/410687

Page content

Sttaftemeiraft off CDnanrsges m Eqpotty for the year ended 3 0 June 2 0 0 7 BALANCE OF EQUITY AT 1 JULY Capital Balance at 1 July Equity Injections Net Effect of Administrative Restructure Balance at 30 June Reserves Balance at 1 July lncrease/(Decrease) in Asset Revaluation Reserve Balance at 30 June Accumulated Funds Balance at 1 July Changes in Accounting Policies (a| Correction of Prior Period Errors (b) Surplus/(Deficit) for the Period Balance at 30 June BALANCE OF EQUITY AT 30 JUNE Note 15 15 15 Department 2007 $000 123 494 130 412 4 611 0 135 023 535 0 535 (7 453) 0 0 (3 944) (11 397) Department 2006 $000 0 4 604 125 808 130 412 0 535 535 0 117 (1 510) (6 060) (7 453) Group 2007 $000 123 494 130 412 4 611 0 135 023 535 0 535 (7 453) 0 0 (3 515) (10.968) Group 2006 $000 0 4 604 125 808 130 412 0 53.5 535 0 117 (1 510) (6 060) (7 453) 124 161 123 494 124 590 123 494 This Statement o f Changes in Equity is to be read in conjunction with the notes to the financial statements. fa) Non current employee provisions that were transferred to the Department of Natural Resources, Environment and The Arts from other agencies during the Administrative Restructure process have been adjusted to recognise the discounted net present value of the future benefits.. This treatment is in accordance with the requirement o f Australian equivalent for International Financial Reporting Standards. (b) The provision of $0,499 million for employee entitlements balances and $1,011 million for Property, Plant and Equipment that were transferred to the Department of Natural Resources, Environment and The Arts as part of the Administrative restructure in 2006 were incorrect. These balances have been corrected through equity and recognised as a correction of prior period errors. N O R T H E R N T E R R I T O R Y G O V E H N M C U T @ C3 W 0 B @ G3C3 @ 68? CO I f CAB a i a y @ " A N. N u : a L R E P O R T 8 8 @ 8 8 f f


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