Annual report 2003 - 2004
Department of the Chief Minister
Dept. of the Chief Minister annual report; Department of the Chief Minister annual report; Reports; PublicationNT
2004
Made available via the Publications (Legal Deposit) Act 2004 (NT).
Date:2004
English
Northern Territory. Dept. of the Chief Minister -- Periodicals; Executive departments -- Northern Territory -- Periodicals
Dept. of the Chief Minister
Darwin
Check within Publication or with content Publisher.
https://hdl.handle.net/10070/231446
https://hdl.handle.net/10070/668403
ANNUAL REPORT 2003 - 2004 65 FIN A N C IA L STA TEM EN TS DEPARTMENT OF THE CHIEF MINISTER FINANCIAL STATEMENT OVERVIEW FOR THE YEAR ENDED 30 JUNE 2004 2003-2004 year was the second year that accrual accounting has been fully utilised by the Department in accordance with the Working for Outcomes Framework. For the first time, comparative accrual information from 2002-2003 has been included in all Financial Statements and notes. During the year the Departments business structure underwent some significant changes which have impacted on the Financial Statements. These changes include: The Northern Territory Electoral Act assented to on 15 March 2004 established the Northern Territory Electoral Commission as a new independent Agency under the Administrative Arrangements Order. Prior to the Commissions establishment, electoral services were provided from the Electoral Office within this Department. In accordance with the Financial Management Act, all financial transactions recorded in this Departments ledger directly attributed to the Commissions activities for the year were transferred to the newly created Agency as if the Commission existed from 1 July 2003. As such, transactions relating to the Commission are excluded from the Departments 2003-2004 Financial Statements. In June 2003 the Administrator assented to the Desert Knowledge Australia Act which came into operation in September 2003 and formally established the corporation Desert Knowledge Australia. Up to September 2003, Desert Knowledge activities formed part of the Departments operations in Alice Springs. During the 2003-2004 financial year however, the Department continued to provide ongoing support through the provision of free of charge services for all operations. As such, financial transactions relating to Desert Knowledge Australia are included in the Departments 2003-2004 Financial Statements. Details of services provided free of charge to Desert Knowledge Australia are provided in Note 17. A notional amount for services received free of charge from the Department of Corporate and Information Services to the value of $3.66 million was brought to account as both revenue and expense for the first time in 2003-2004. This amount reflects the notional cost of corporate support services provided to the Department during the year. Services provided free of charge by this Department to other government agencies have not been brought to account although are detailed within Note 17 to the Financial Statements. FINANCIAL STATEMENTS