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

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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