February 2008 report to the Legislative Assembly
Report to the Legislative Assembly; Reports; PublicationNT
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Northern Territory. Auditor-General's Office -- Periodicals; Finance, Public -- Northern Territory -- Accounting -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals
Northern Territory Auditor-General's Office
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140 Auditor-General for the Northern Territory February 2008 Report NT Fleet cont The net surplus before tax and dividends of $8.84 million is an increase of $1.25 million over the previous year. The most significant factors that contributed to this increase were: The gain on disposal of assets increased by $0.58 million and is consistent with the increase in disposals from 1,006 disposed vehicles in 2005/6 to 1,176 disposed vehicles in 2006/7 and higher than expected prices at the auctions; and $2.7 million (9%) increase in revenues for vehicle lease rentals which is in line with the acquisition of additional vehicle fleet from 2,413 vehicles in 2005/6 to 2,462 vehicles in 2006/7 as well as an increase in the lease rate. offset by $0.36 million (4.6%) rise in repairs and maintenance expenses and $1.7 million (13%) rise in depreciation expenses, both of which are consistent with the increase in fleet size and the rising age of the heavy vehicles.