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 179 18 FINANCIAL INSTRUMENTS (continued) (b) Credit risk The entity principally deals with Government Agencies. 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. (c) Net fair value The carrying amount of financial assets and financial liabilities recorded in the financial statements represents their respective net fair values. 2004 $'000 2003 $'000 19 COMMITMENTS Capital expenditure commitments Estimated capital expenditure contracted for at balance date but not provided for and payable: Within one year 7,180 5,963 7,180 5,963 Non-cancellable operating lease expense commitments Future operating lease commitments not provided for in the financial statements and payable: Within one year 21 58 One year and no later than five years - 21 21 79 Operating Lease Commitment Receivables Receivable not later than one year 22,410 21,380 Receivable one year and no later than five years 14,669 15,021 37,079 36,401 20 COMMUNITY SERVICE OBLIGATIONS Vehicle Gift and Loan (Note 1(b)) Community Service Obligation received - 274 Net costs associated with the delivery of this service - 274 CSO Funding Surplus/(Deficit) -


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