Territory Stories

Annual report 2008-2009 : Office of the Commissioner for Public Employment

Details:

Title

Annual report 2008-2009 : Office of the Commissioner for Public Employment

Collection

Office of the Commissioner for Public Employment reports; Reports; PublicationNT

Date

2009

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Notes

Date:2009

Language

English

Subject

Northern Territory. Office of the Commissioner for Public Employment -- Periodicals; Civil service -- Northern Territory -- Personnel management -- Periodicals

Publisher name

Office of the Commissioner for Public Employment

Place of publication

Darwin

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/230968

Citation address

https://hdl.handle.net/10070/669912

Page content

83 Financial Reporting Balance Sheet The Balance Sheet provides a summary of the agencys total assets (what it owns or controls) and its liabilities (what it owes). The subtraction of liabilities from assets results in a balance that is the agencys net worth (or equity). Assets During the 2008-09 year the agencys total assets increased from $939,000 to $1.38 million. The majority of the increase is due to an increase in the cash at bank, from $668,000 to $1.19 million. The increase is partially offset by decreases in Receivables ($56,000) and Property, Plant and Equipment ($23,000). Liabilities Liabilities have increased by $132,000, the majority this was in payables ($170,000) which is offset by a decrease of $45,000 in unearned revenue. 2006-2007 ($000) 2007-2008 ($000) 2008-2009 ($000) Assets 328 939 1,382 Liabilities (942) (819) (951) Equity (613) (120) (432) 2006-2007 ($000) 2007-2008 ($000) 2008-2009 ($000) Cash at beginning of Year (198) 173 668 Net Movement 371 494 522 Cash at End of Year 173 668 1,190 Statement of Changes in Equity The Statement of Changes in Equity reports on movements in equity balances during the year. Equity increased by $312,000, from $120,000 in 2007-08 to $432,000 in 2008-09. This is due to equity injections of $169,000 and the operating surplus of $142,000. Cash Flow Statement The Cash Flow Statement reports on total cash payments and receipts made during the financial year. Overall the Office of the Commissioner for Public Employment increased its cash held by $522,000 from the previous financial year to $1.19 million. The increase is attributable to operating receipts being greater than operating payments ($361,000) and an equity injection resulting from the transfer of NT Build to the Northern Territory Treasury ($161,000). Table 11 Balance Sheet Table 12 Cash Flows


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