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Department of Construction and Infrastructure annual report 2010-2011



Department of Construction and Infrastructure annual report 2010-2011


Northern Territory. Department of Construction and Infrastructure


E-Publications; PublicationNT; E-Books; Department of Construction and Infrastructure annual report; Annual Report




Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT)




Northern Territory. Department of Construction and Infrastructur; Public works; Construction industry; Infrastructure (Economics); Periodicals; Annual report

Publisher name

Northern Territory Government

Place of publication



Department of Construction and Infrastructure annual report; Annual Report



Now known as

Department of Infrastructure

Previously known as

Department of Planning and Infrastructure

File type



Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government



Parent handle


Citation address


Page content

CONSTRUCTION DIVISION Department of Construction and Infrastructure Financial Report 2010-2011 108 The Agency makes superannuation contributions on behalf of its employees to the Central Holding Authority or non-government employee nominated schemes. Superannuation liabilities related to government superannuation schemes are held by the Central Holding Authority and as such are not recognised in Agency financial statements. t) Contributions by and Distributions to Government In accordance with the Financial Management Act and Treasurers Directions, when the Construction Division make a distribution to Government, where the Government is acting as the owner, these distributions have been designated as distributions to, Government. These designated distributions are treated by the Construction Division as adjustments to equity. The Statement of Changes in Equity provides additional information in relation to contributions by, and distributions to, Government. u) Commitments Disclosures in relation to capital and other commitments, including lease commitments are shown at note 15 and are consistent with the requirements contained in AASB 101, AASB 116 and AASB 117. Commitments are those contracted as at 30 June where the amount of the future commitment can be reliably measured. v) Dividends Construction Division is required to remit a dividend in accordance with the Northern Territory Governments dividend Policy which is 50 per cent of net profit after tax. 2011 $000 2010 $000 3. GAIN ON DISPOSAL OF ASSETS Net proceeds from the disposal of minor assets 2 1 Gain on the disposal of non-current assets 2 1 4. INCOME TAX EXPENSE The prima facie income tax expense on pre-tax accounting surplus from operations reconciles to the income tax expense in the financial statements as follows; Net surplus before income tax 1,424 4,570 Income tax expense calculated at 30% (427) (1,371) Income Tax Expense 427 1371 5. PURCHASES OF GOODS AND SERVICES The net deficit includes, but is not limited to, the following expenses: Goods and Services Expenses: Consultants (1) 30,544 31,467 Advertising (2) 30 5 Marketing and Promotion (3) 155 356 Document Production 142 129 Legal Expenses (4) 7 86 Recruitment (5) 150 324 Training and Study 1,384 1,537 Official Duty Fares 491 602 Property Management 2,858 2,447 Communications 789 763 Other Equipment Expenses 481 431 IT Expenses 1,705 2,347 Insurance 465 558 Accommodation 331 357 Corporate Support by external agencies 9,353 3,589 Motor vehicle expense 3,281 3,069 Travelling Allowance 287 318 Other 628 1,101 53,081 49,486 (1) Includes marketing, promotion and IT consultants. (2) Does not include recruitment advertising or marketing and promotion advertising. (3) Includes advertising for marketing and promotion but excludes marketing and promotion consultants expenses, which are incorporated in the consultants category. (4) Includes legal fees, claim and settlement costs. (5) Includes recruitment related advertising costs. 6. CASH AND DEPOSITS Cash at Bank 6,600 21,959 6,600 21,959 2011 $000 2010 $000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2011 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2011

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