Annual Report 2016-2017 Department of the Legislative Assembly
Tabled paper 405
Tabled Papers for 13th Assembly 2016 - 2020; Tabled Papers; ParliamentNT
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DEPARTMENT OF THE LEGISLATIVE ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 DLA Annual Report 2016-17 Page 49 2017 2016 $000 $000 19. RESERVES Asset Revaluation Surplus (i) Nature and purpose of the asset revaluation surplus The asset revaluation surplus includes the net revaluation increments and decrements arising from the revaluation of non-current assets. Impairment adjustments may also be recognised in the asset revaluation surplus. (ii) Movements in the asset revaluation surplus Balance as at 1 July 169,603 140,718 Increment/(Decrement) land - 30,760 Increment/(Decrement) buildings - (1,772) Increment/(Decrement) infrastructure - (103) Balance as at 30 June 169,603 169,603 20. NOTES TO THE CASH FLOW STATEMENT Reconciliation of Cash The total of agency 'Cash and deposits' of $5,320,000 recorded in the Balance Sheet is consistent with that recorded as Cash in the Cash Flow Statement. Reconciliation of Net Surplus/(Deficit) to Net Cash from Operating Activities Net Surplus/(Deficit) (3,025) (3,063) Non-cash items: Depreciation and amortisation 3,549 3,554 R&M minor new works non-cash 231 234 Changes in assets and liabilities: Decrease/(Increase) in receivables (1) (15) Decrease/(Increase) in inventories 2 - Decrease/(Increase) in prepayments 9 (1) (Decrease)/Increase in payables 185 (448) (Decrease)/Increase in provision for employee benefits (28) 109 (Decrease)/Increase in other provisions (15) (28) (Decrease)/Increase in other liabilities 2 - Net Cash from Operating Activities 909 341