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
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