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
Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).
Northern Territory. Department of Corporate and Information Services -- Periodical
Northern Territory Government
Department of Corporate and Information Services annual report; Annual report
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
NT Fleet Financial Statements 170 (n) Employee benefits (continued) Employee benefits expenses in respect of the following categories: o wages and salaries, non-monetary benefits, annual leave, sick leave and other leave entitlements; and o other types of employee benefits are recognised against profits on a net basis in their respective categories. (n) Employee benefits As part of the introduction of Working for Outcomes, the Central Holding Authority assumed the long service leave liabilities of Government GBDs, including NT Fleet. The actual liability was transferred from GBD ledgers during 2002-03. (o) Superannuation Employees' Superannuation entitlements are provided through the NT Government and Public Authorities Superannuation Scheme (NTGPASS), Commonwealth Superannuation Scheme (CSS) and non-government employee nominated schemes for those employees commencing on or after 10 August 1999. The entity makes superannuation contributions on behalf of its employees. Any liability for superannuation is met directly by the NT Government and the entity has and will continue to have no other direct superannuation liability. (p) Dividends The entity has provided for a dividend payable at the rate of 50% of net profit after tax in accordance with the NT Governments dividend policy. At 30 June 2004, NT Fleet declared a dividend of $2.4M and provision has been made for this amount. The Final Dividend based on 50% of the net profit after tax of $4.874M is $2.439M. This amount will be paid during the next financial Year. (q) Rounding of amounts Amounts in the financial statements and notes to the financial statements have been rounded to the nearest thousand dollars. Accordingly the sum of the individual items may not equal the total. (r) Comparatives Where necessary, comparatives have been reclassified and repositioned for consistency with current year disclosures.
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