Department of Corporate and Information Services annual report 2002- 003
Northern Territory. Department of Corporate and Information Services
E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report
2003
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
2002/2003
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/10070/231102
https://hdl.handle.net/10070/669441
NT Fleet Financial Report 2003 $'000 2002 $'000 3 PROFIT FROM ORDINARY ACTIVITIES BEFORE INCOME TAX EXPENSE (a) Profit from ordinary activities before income tax expense has been arrived at after charging / (crediting) the following items: Depreciation of: Motor Vehicles 11,079 10,053 Total depreciation 11,079 10,053 Borrowing costs: NT Treasury loans 137 293 Total borrowing costs 137 293 Audit and other services (i) 34 13 Corporate support by external agencies 561 313 Net bad and doubtful debts expense including movements in provision for doubtful debts - 10 Net expenses from movements in provision for employee benefits - (20) Operating lease rental expense 228 632 (i) Amounts paid, or due and payable to the NT Government for audit services provided by the Northern Territory Auditor-Generals Office. (b) Fundamental error Fixed assets for property, plant and equipment for 2001 included a written down value of $1,104,527.20 of accessories that had been incorrectly recognised as assets in the financial statements as at 30 June 2001. This error had the effect of overstating written down value of property plant and equipment and total assets of $1,104,527.20 and understating the loss on sale of assets and overstating accumulated profit by $1,104,527.20, overpayment of Income Tax by $375,539.25 (at 34%) The error does relate to reporting prior to 2001, however it is not practicable to restate comparative information for each reporting period. 159
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