Territory Stories

Annual report 2003-2004, Department of Corporate and Information Services

Details:

Title

Annual report 2003-2004, Department of Corporate and Information Services

Other title

Department of Corporate and Information Services annual report 2003 - 2004

Creator

Northern Territory. Department of Corporate and Information Services

Collection

E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report

Date

2004-10-14

Notes

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

Language

English

Subject

Northern Territory. Department of Corporate and Information Services -- Periodical

Publisher name

Northern Territory Government

Place of publication

Darwin

Series

Department of Corporate and Information Services annual report; Annual report

Volume

2003/2004

File type

application/pdf

ISSN

1835-2332

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/10070/231111

Citation address

https://hdl.handle.net/10070/669431

Page content

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