Annual Report 2004-2005 Darwin Port Corporation
Tabled paper 335
Tabled papers for 10th Assembly 2005 - 2008; Tabled Papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT; Tabled Papers
2005-12-01
Deemed
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.
English
Tabled papers
application/pdf
Copyright
See publication
https://www.legislation.gov.au/Details/C2019C00042
https://hdl.handle.net/10070/282736
https://hdl.handle.net/10070/412790
9.Financial Performance cont. D A R W IN P O R T C O R P O R A T IO N A N N U A L R E P O R T 2 00 4/ 20 05 74 Notes to the Financial Statements for the Year Ended 30 June 2005 cont. Note 2005 2004 $000 $000 12 PROVISIONS cont. (a) Reconciliations: Balance as at 30 June 2004 1,519 1,386 Reductions arising from payments (535) (486) Additional provisions recognised 657 619 Balance as at 30 June 2005 1,641 1,519 The entity employed 65 employees as at 30 June 2005 (2004: 56 employees) including Advisory Board members. 13 OTHER LIABILITIES Current Prepayments from clients 190 186 190 186 14 RESERVES Asset revaluation - unimproved land 6,084 6,084 Asset revaluation - land improvements 2,284 2,284 Asset revaluation - buildings 1,767 1,767 10,135 10,135 Nature and purpose of reserves Asset Revaluation The asset revaluation reserve includes the net revaluation increments and decrements arising from the revaluation of non-current assets in accordance with AASB1041. 15 ACCUMULATED DEFICIT Accumulated deficit at the beginning of the year (115,390) (102,944) Net loss (8,781) (12,946) Transfers from reserves 0 500 Accumulated deficit at the end of the year (124,171) (115,390) 16 CONTRIBUTED EQUITY Contributed equity at beginning of the year 128,369 109,993 Equity injections for the financial year which funded: Capital works at East Arm Wharf 8c 12,914 17,631 Capital works on RORO facility 8c 0 745 Capital works at Fishermans Wharf 283 0 Capital contribution from NT Treasury 5,300 0 Total equity injection 18,497 18,376 Contributed equity at the end of the year 146,866 128,369