Territory Stories

Department of Construction and Infrastructure annual report 2010-2011

Details:

Title

Department of Construction and Infrastructure annual report 2010-2011

Creator

Northern Territory. Department of Construction and Infrastructure

Collection

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

Date

2011

Notes

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

Language

English

Subject

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

Publisher name

Northern Territory Government

Place of publication

Darwin

Series

Department of Construction and Infrastructure annual report; Annual Report

Volume

2009-2010

Now known as

Department of Infrastructure

Previously known as

Department of Planning and Infrastructure

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0

Parent handle

https://hdl.handle.net/10070/236244

Citation address

https://hdl.handle.net/10070/642761

Page content

Department of Construction and Infrastructure Financial Report 2010-2011 94 14. FINANCIAL INSTRUMENTS (continued) Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. It comprises interest rate risk, price risk and currency risk. i) Interest Rate Risk DCI is not exposed to interest rate risk as DCI financial assets and financial liabilities are non interest bearing. ii) Price Risk DCI is not exposed to price risk as DCI does not hold units in unit trusts. iii) Currency Risk DCI is not exposed to currency risk as DCI does not hold borrowings denominated in foreign currencies or transactional currency exposures arising from purchases in a foreign currency. iv) Net Fair Value The fair value of financial instruments is estimated using various methods. These methods are classified into the following levels: Level 1 derived from quoted prices in active markets for identical assets or liabilities. Level 2 derived from inputs other than quoted prices that are observable directly or indirectly. Level 3 derived from inputs not based on observable market data. 2011 Total Carrying Amount Net Fair Value Level 1 Net Fair Value Total $000 $000 $000 Financial Assets Cash and Deposits 23,278 23,278 23,278 Receivables 4,749 4,749 4,749 Total Financial Assets: 28,027 28,027 28,027 Financial Liabilities Deposits Held 1,038 1,038 1,038 Payables 8,261 8,261 8,261 Total Financial Liabilities: 9,299 9,299 9,299 15. COMMITMENTS 2011 $000 2010 $000 (i) Capital Expenditure Commitments Capital expenditure commitments primarily relation to the construction of buildings and infrastructure. Capital expenditure commitments contracted for at balance date but not recognised as liabilities are payable as follows: Within one year 277,589 123,270 Later than one year and not later than five years 102,166 2,560 379,755 125,830 2010 Total Carrying Amount Net Fair Value Level 1 Net Fair Value Total $000 $000 $000 Financial Assets Cash and Deposits 13,190 13,190 13,190 Receivables 4,900 4,900 4,900 Total Financial Assets: 18,090 18,090 18,090 Financial Liabilities Deposits Held 845 845 845 Payables 5,763 5,763 5,763 Total Financial Liabilities: 6,608 6,608 6,608 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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