Annual Report 2010-2011 Northern Territory Electoral Commission
Tabled paper 1602
Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT
Tabled By Speaker
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.
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.
Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.
We use temporary cookies on this site to provide functionality.
You are welcome to provide further information or feedback about this item by emailing TerritoryStories@nt.gov.au