Territory Stories

Alice Springs Town Council Annual Report 2016/17



Alice Springs Town Council Annual Report 2016/17

Other title

Annual report 2016/2017; 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

for the year ended 30 June 2004 Note 19 (CONT) - FINANCIAL INSTRUMENTS Reconciliation of Financial Assets & Liabilities 2004 2003 $'000 $'000 Net financial assets from previous page Financial Assets 7,196 7,760 Financial Liabilities 523 729 6,673 7,031 Non-financial assets and liabilities Accrued Revenues - Inventories 96 92 Property, Plant & Equipment 137,014 136,896 Other Assets - 22 Accrued Expenses (166) (139) Provisions (984) (942) Other liabilities - - 142,633 142,960 Net Assets per Statement of Financial Position 142,633 142,960 Net Fair Value NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS ALICE SPRINGS TOWN COUNCIL 22 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 Note 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 33

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