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
Data Centre Services Financial Statements 154 2004 $'000 2003 $'000 18 NOTES TO THE STATEMENT OF CASHFLOWS Reconciliation of net profit from ordinary activities after income tax to net cash used in operations Net Profit 2,682 1,120 Assets Acquired for Nil Consideration (8) Non-Cash Items Depreciation 101 154 Amortisation 1,114 1,447 Asset Revaluations & Write Downs 3 4 Changes in Assets and Liabilities Decrease in trade receivables 1,053 388 Decrease/(Increase) in other receivables (730) 233 (Decrease) in provision for doubtful debts (1) (11) (Increase) in interest receivable (6) (2) Decrease/(Increase) in inventory 29 (29) Decrease/(Increase) in prepayments (142) 355 (Increase) in other assets - (6) (Decrease) in trade and other creditors (493) (844) Increase in income tax liabilities - 245 (Decrease)/Increase in provision for employee benefits (9) 81 Increase in other provisions 645 22 (Decrease) in deferred income (48) (26) Net cash flows from operating activities 4,190 3,131 19 FINANCIAL INSTRUMENTS A financial instrument is any contract resulting in a financial asset of one entity and a financial liability of another entity. The entitys operating account earns quarterly interest at a variable interest rate (NT Treasury Corporations weighted average cash return less 50 basis points). An overdraft facility is also available to the extent of $1,000,000 with interest payable quarterly at a variable rate (NT Treasury Corporations weighted average cash return plus 50 basis points).