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 57 the fair value of other monetary financial assets and liabilities is based on discounting to present value the expected future cash flows by applying current market interest rates for assets and liabilities with similar risk profiles. For financial instruments measured and disclosed at fair value, the following table groups the instruments based on the level of inputs used. 2017 Total Carrying Amount Net Fair Value Level 1 Net Fair Value Level 2 Net Fair Value Level 3 Net Fair Value Total $000 $000 $000 $000 $000 Financial Assets Cash and Deposits 5,320 5,320 Receivables 29 29 Total Financial Assets 5,349 5,349 Financial Liabilities Deposits Held 1 1 Payables 549 549 Total Financial Liabilities 550 550 2016 Total Carrying Amount Net Fair Value Level 1 Net Fair Value Level 2 Net Fair Value Level 3 Net Fair Value Total $000 $000 $000 $000 $000 Financial Assets Cash and Deposits 4,664 4,664 Receivables 35 35 Total Financial Assets 4,699 4,699 Financial Liabilities Deposits Held 1 1 Payables 364 364 Total Financial Liabilities 365 365 The net fair value of all financial instruments are based on market value. There were no changes in valuation techniques during the period. Transfer Between Categories There were no transfers between categories during the period.