February 2008 report to the Legislative Assembly
Report to the Legislative Assembly; Reports; PublicationNT
Made available via the Publications (Legal Deposit) Act 2004 (NT).
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
Check within Publication or with content Publisher.
146 Auditor-General for the Northern Territory February 2008 Report Power and Water Corporation cont Financial analysis Abridged Income Statement of the Consolidated Entity 2007 2006 $000 $000 Revenue from ordinary activities 527,028 497,513 Less expenses from ordinary activities Raw materials and consumables used (243,074) (243,840) Finance costs (24,808) (24,465) Repairs and maintenance expenses (28,087) (24,867) Employee expenses (63,434) (62,623) Property costs (4,945) (4,582) Information technology and communication (7,689) (8,247) Insurance costs (3,630) (3,416) Depreciation and amortisation (61,156) (59,334) Impairment of non current assets (146,431) (10) Other expenses (42,554) (37,069) Total expenses from ordinary activities (625,808) (468,453) Net (loss)/profit before income tax expense (98,780) 29,060 Less income tax benefit/(expense) 29,576 (8,541) Net profit (69,204) 20,519 Less dividends - (10,045) Retained profit (69,204) 10,474 The reported decrease in profit largely resulted from the recording of an impairment write down in the value of water and sewerage assets of $146.4 million. The impairment write down resulted from the application of Australian Accounting Standard AASB136 Impairment of Assets. Profit before the impairment write down was $47.65 million compared to the prior years profit of $29.07 million.
Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.
We use temporary cookies on this site to provide functionality.
You are welcome to provide further information or feedback about this item by emailing TerritoryStories@nt.gov.au