Territory Stories

Annual Report 2010-2011 Northern Territory Electoral Commission

Details:

Title

Annual Report 2010-2011 Northern Territory Electoral Commission

Other title

Tabled paper 1602

Collection

Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT

Date

2011-11-21

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/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/280792

Citation address

https://hdl.handle.net/10070/415582

Page content

NORTHERN TERRITORY ELECTORAL COMMISSION NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2011 57 2010 Maturity analysis for financial assets & liabilities Interest Bearing Fixed or Variable Less than a Year $000 1 to 5 Years $000 More than 5 Years $000 Non Interest Bearing $000 Total $000 Weighted Average % Assets Cash and deposits 511 511 100 Receivables 28 28 100 Advances Investment, loans and placements Total Financial Assets: 539 539 100 Liabilities Deposits Held Payables (84) (84) 100 Advances (110) (110) 100 Borrowings Finance Lease Liabilities Total Financial Liabilities: (194) (194) 100 (d) Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. It comprises interest rate risk, price risk and currency risk. i) Interest Rate Risk The Northern Territory Electoral Commission is not exposed to interest rate risk as Agency financial assets and financial liabilities are non-interest bearing. Finance lease arrangements are established on a fixed interest rate and as such do not expose the Northern Territory Electoral Commission to interest rate risk. ii) Price Risk The Northern Territory Electoral Commission is not exposed to price risk as the Northern Territory Electoral Commission does not hold units in unit trusts. iii) Currency Risk The Northern Territory Electoral Commission is not exposed to currency risk as the Northern Territory Electoral Commission does not hold borrowings denominated in foreign currencies or transactional currency exposures arising from purchases in a foreign currency. (e) Net Fair Value The carrying amount of financial assets and financial liabilities recorded in the financial statements approximates their respective net fair values. Where differences exist, these are not material.


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