Annual report 2003-2004, Department of Corporate and Information Services
Department of Corporate and Information Services annual report 2003 - 2004
Northern Territory. Department of Corporate and Information Services
E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report
2004-10-14
Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).
English
Northern Territory. Department of Corporate and Information Services -- Periodical
Northern Territory Government
Darwin
Department of Corporate and Information Services annual report; Annual report
2003/2004
application/pdf
1835-2332
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0
https://hdl.handle.net/10070/231111
https://hdl.handle.net/10070/669431
DCIS General Financial Statements 111 2004 $000 2003 $000 Depreciation 267 247 11 NOTES TO THE STATEMENT OF CASHFLOWS (continued) (Profit)/loss on disposal of non-current assets 5 (88) Asset acquired at nil consideration (5) Assets written down 7 Assets donated 13 R & M works in progress 33 14 Changes in Assets and Liabilities Decrease/(Increase) in receivables 42 (1,280) Decrease/(Increase) in prepayments 554 288 (Decrease)/Increase in accounts payable (440) (1,471) (Decrease)/Increase in deferred income 110 (Decrease)/Increase in provision for employee benefits (12) (306) (Decrease)/Increase in other provisions (112) 393 Net cash flows from/(used in) operating activities 823 477 12 SERVICES RECEIVED FREE OF CHARGE Internal audits and reviews - 117 13 FINANCIAL INSTRUMENTS A financial instrument is any contract resulting in a financial asset of one Agency and a financial liability of another Agency. (a) Interest Rate Risk The Agencys exposure to interest rate risk and the average interest rate for classes of financial assets and financial liabilities is set out below. The average interest rate is based on the outstanding balance at the start of the year. Fixed Interest Maturity Weighted Average interest rate % Variable interest $000 Under 1 year $000 1 to 5 years $000 Over 5 years $000 Non- Interest bearing $000 Total $000 2004 Financial Assets Cash assets 5% 564 2,388 2,952 Receivables 1,960 1,960 564 4,348 4,912 Financial Liabilities Accounts payable 1,544 1,544 Lease liabilities 1,544 1,544 Net Financial Assets/(Liabilities) 564 2,804 3,368