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

NT Fleet Financial Statements 159 NT Fleet Financial Statements FINANCIAL STATEMENT OVERVIEW For the Year Ended 30 June 2004 NT Fleet produced a pre-tax profit of $6.968M, an increase of $232,000 over the previous years trading. Profit on sale of vehicles has been strong for 2003-04 with good sale prices being received on most popular models. Commercial and four-wheel drive vehicle prices have been above estimates across the range. The estimated sale price for some of these was set in the postGST period when industry sources were predicting a downturn in residual values. The light vehicle fleet has increased in size throughout 2003-04 from 2,197 to 2,276 vehicles in line with departmental fleet needs. Operational expenditure has increased from $21.872M in 2002-03 to $22.315M in 2003-04. The graph shows that NT Fleet consistently operates at a profitable level. The business operates in a low technical environment. Surpluses are a result of sound business and management practices. The graph shows the allocation of the operating surplus between taxes, dividends and retained earnings Operating Results 0 5 10 15 20 25 30 35 40 45 50 1999/00 2000/01 2001/02 2002/03 2003/04 $M ill io ns Expenditure Sales Surplus Allocation of Surplus 0 500 1,000 1,500 2,000 2,500 3,000 1999/00 2000/01 2001/02 2002/03 2003/04 $0 00 Retained Earnings Tax Dividend


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.