Territory Stories

Alice Springs Town Council 2003/2004 Annual Report



Alice Springs Town Council 2003/2004 Annual Report

Other title

Annual report 2003/2004; Alice Springs Town Council annual report


Alice Springs Town Council


E-Publications; E-Books; PublicationNT; Annual Report




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Alice Springs (N.T.). Council -- Periodicals; Local government -- Northern Territory -- Alice Springs -- Periodicals

Publisher name

Alice Springs Town Council

Place of publication

Alice Springs


Annual Report



File type


Copyright owner

Alice Springs Town Council

Parent handle


Citation address


Page content

Note 16 (cont) - FINANCIAL INSTRUMENTS Reconciliation of Financial Assets & Liabilities 2005 2004 $'000 $'000 Net financial assets from previous page Financial Assets 10,768 7,130 Financial Liabilities 5,096 523 5,672 6,607 Non-financial assets and liabilities Accrued Revenues 222 66 Inventories 78 96 Real Estate for resale - - Property, Plant & Equipment 159,900 137,014 Other Assets 55 - Accrued Expenses (849) (166) Provisions (1,094) (984) Other liabilities 158,312 136,026 Net Assets per Statement of Financial Position 163,984 142,633 Net Fair Value NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS for the year ended 30 June 2005 ALICE SPRINGS TOWN COUNCIL All carrying values approximate fair value for all recognised financial instruments. With the exception of investments, there is no recognised market for the financial assets of the Council. Credit Risk Exposures Credit risk represents the loss that would be recognised if counterparties fail to perform as contracted. The maximum credit risk on financial assets of the Council is the carrying amount, net of any provision for doubtful debts. Except as detailed in Notes 6 & 7 in relation to individual classes of financial assets, exposure is concentrated within the Council's boundaries within the Northern Territory, and there is no material exposure to any individual debtor. Page 34

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