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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Auditor-General for the Northern Territory February 2008 Report 141 NT Fleet cont Abridged Balance Sheet 2007 2006 $000 $000 Current Assets Cash and cash equivalents 4,353 632 Receivables and other current assets 631 490 Less Current Liabilities (8,403) (7,305) Working Capital (3,419) (6,183) Add Non Current Assets 80,995 76,668 77,576 70,485 Less Non Current Liabilities (4,173) (174) Net assets 73,403 70,311 Represented by: Accumulated funds 72,875 69,783 Capital 528 528 Equity 73,403 70,311 NT Fleet continues to display a strong net asset position as at 30 June 2007. This is a $3.1 million (4%) improvement on the prior year and is due to the net surplus after tax and dividends. The value of the vehicle fleet at year end has increased by $4.3 million from the prior year mainly due to the modernisation of the fleet, a small increase in vehicle numbers (2%) and the introduction of a rolling capital replacement program for heavy vehicles. The implementation of the heavy vehicle replacement program has been funded by a $4 million loan from the Northern Territory Treasury Corporation. The Department of Corporate and Information Services has commented: DCIS acknowledges the Auditor-Generals analysis.
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