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

Government Printing Office Financial Statements 115 Government Printing Office FINANCIAL STATEMENT OVERVIEW For the Year Ended 30 June 2004 The Government Printing Office (GPO) has increased its sales revenue by $835,000 (16.6%) over the previous financial year. Expenditure increased by $469,000 (8.4%). The overall effect was a $2,000 loss from ordinary activities. This is a large improvement over its loss of $368,000 in 2002/03. In 2004/05 the GPO expects to further improve its operations and anticipates a surplus of $30,000. The recovery is due to increased sales and reduction in fixed costs. Unearned revenue of $152,000 was recorded for work not completed. Delay in completing the work contributed to the loss for the 2003/04 financial year. As a consequence and in accordance with the Australian Accounting Standard AASB1020 Accounting for Income Tax, the future income tax benefit that was recognised in the June 2003 financial report was reversed, as the Government Printing Office did not satisfy the virtual certainty test outlined in the standard. The level of cash reserves have increased by 14.7% from $1,408,000 as at the 30th June 2003 to $1,616,000 as at the 30th June 2004. Operating Results -1000 0 1000 2000 3000 4000 5000 6000 7000 8000 1999/00 2000/01 2001/02 2002/03 2003/04 $0 00 Expenditure Revenue Surplus -400 -300 -200 -100 0 100 200 300 19 97 /98 19 98 /99 19 99 /00 20 00 /01 20 01 /02 20 02 /03 20 03 /04 N et P ro fit $ 00 0 Net Income after Tax & Diviend Tax Equivalent to NT Government Divident to NT Government


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