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

Data Centre Services Financial Statements 155 19 FINANCIAL INSTRUMENTS (continued) (a) Interest Rate Risk The entitys 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. Weighted Variable Fixed Interest Maturity Non- Total Average interest rate % Interest $000 Under 1 year $'000 1 to 5 years $'000 Over 5 years $'000 interest bearing $'000 $'000 2004 Financial Assets Cash assets 5.00 4,745 - - - - 4,745 Receivables - - - - 218 218 4,745 - - - 218 4,963 Financial Liabilities Payables - - - - 613 613 Employee Benefits - - - - 418 418 Dividends Payable - - - - 1,177 1,177 - - - - 2,208 2,208 Net Financial Assets/ (Liabilities) 4,745 - - - (1,990) 2,755 2003 Financial Assets Cash assets 4.50 2,507 - - - - 2,507 Receivables - - - - 1,311 1,311 2,507 - - - 1,311 3,818 Financial Liabilities Payables - - - - 892 892 Lease Liabilities 5.29 - 1,154 - - - 1,154 Dividends Payable - - - - 560 560 Employee Benefits - - - - 427 427 - 1,154 - - 1,879 3,033 Net Financial Assets/ (Liabilities) 2,507 (1,154) - (568) 785 (b) Credit risk In respect of any dealings with organisations external to Government, the entity has adopted the policy of only dealing with credit worthy organisations and obtaining sufficient collateral or other security where appropriate, as a means of mitigating the risk of financial loss from defaults. The carrying amount of financial assets recorded in the financial statements, net of any provisions for losses, represents the entitys maximum exposure to credit risk without taking account of the value of any collateral or other security obtained.


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