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
DCIS General Financial Statements 95 DCIS Financial Statements FINANCIAL STATEMENT OVERVIEW For the Year Ended 30 June 2004 In the 2003-04 budget papers DCIS was budgeted to earn $94.029M of revenue and incur $94,361M operating expenses to produce a net operating loss of $332,000. During the year DCIS was able to increase revenue to $94.451M and keep expenses to $94,090M resulting in a surplus of $361,000. While the surplus is lower than 200203 DCIS has still been able to produce a positive result compared to the budget. In addition DCIS has returned $1.9M of surplus assets to Central Holding Authority. Statement of Financial Performance Compared to the year ended 30 June 2003 DCIS earned additional revenue of $780,000 while operating expenses increased by $3.0M resulting in an operating surplus of $361,000 compared to $2.68M. The increase in output revenue resulted from one of savings in 2002-03 resulting in a reduction of output revenue required for that year while the decrease in other Agency revenue was caused by the loss of a major client. Personnel costs were maintained at the same level as last year while purchase of goods and services increased by $3.4M caused by one of savings in 2002-03 in the area of property management and other operating expenses Statement of Financial Position The Net asset figure of $3,813M provides a sound base for DCIS to operate in future years. DCIS actively manages its assets and liabilities and was able to return to Central Holding Authority $1.900M of surplus cash. Additional Property Assets were obtained from the Department of Infrastructure Planning and environment at no cost to DCIS. These include a $126K upgrade at the Government Printing Office, $79K improvements at Palm Court and $54K improvements at Minerals House. Statement of Cash Flows Overall cash balances reduced by $1.391M during the year. Normal operations resulted in an increase in cash of $823,000 compared to $477,000 last year. $1.9M of surplus cash was handed back to Central Holding Authority. The bank balance of $2.953M at 30 June is adequate given the expected level of operations in the coming year.
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