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

91 Financial Reporting when they occur, rather than when cash is paid out or received. As part of the preparation of the financial statements, all intra-agency transactions and balances have been eliminated. Except where stated, the financial statements have also been prepared in accordance with the historical cost convention. (b) Agency and Territory Items The financial statements of the Officer of the Commissioner for Public Employment include income, expenses, assets, liabilities and equity over which the Officer of the Commissioner for Public Employment has control (Agency items). Certain items, while managed by the agency, are controlled and recorded by the Territory rather than the agency (Territory items). Territory items are recognised and recorded in the Central Holding Authority as discussed below. Central Holding Authority The Central Holding Authority is the parent body that represents the Governments ownership interest in Government controlled entities. The Central Holding Authority also records all Territory items, such as income, expenses, assets and liabilities controlled by the Government and managed by Agencies on behalf of the Government. The main Territory item is Territory income, which includes taxation and royalty revenue, Commonwealth general purpose funding (such as GST revenue), fines, and statutory fees and charges. The Central Holding Authority also holds certain Territory assets not assigned to Agencies as well as certain Territory liabilities that are not practical or effective to assign to individual Agencies such as unfunded superannuation and long service leave. The Central Holding Authority recognises and records all Territory items, and as such, these items are not included in the agencys financial statements. However, as the agency is accountable for certain Territory items managed on behalf of Government, these items have been separately disclosed in note 20 - Schedule of Territory Items. (c) Comparatives Where necessary, comparative information for the 2007-08 financial year has been reclassified to provide consistency with current year disclosures. (d) Presentation and Rounding of Amounts Amounts in the financial statements and notes to the financial statements are presented in Australian dollars and have been rounded to the nearest thousand dollars, with amounts of $500 or less being rounded down to zero.


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