Territory Stories

February 2008 report to the Legislative Assembly

Details:

Title

February 2008 report to the Legislative Assembly

Collection

Report to the Legislative Assembly; Reports; PublicationNT

Date

2008

Description

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

Notes

Date:2008-02

Language

English

Subject

Northern Territory. Auditor-General's Office -- Periodicals; Finance, Public -- Northern Territory -- Accounting -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals

Publisher name

Northern Territory Auditor-General's Office

Place of publication

Darwin

ISSN

1323-7128

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/223559

Citation address

https://hdl.handle.net/10070/686148

Page content

158 Auditor-General for the Northern Territory February 2008 Report Territory Insurance Office cont Abridged Balance Sheet TIO Insurance & Banking MAC Fund TIO 2007 2006 2007 2006 2007 2006 $m $m $m $m $m $m Assets Cash and cash equivalents 24 17 6 7 30 24 Trade and other receivables 39 38 1 1 40 37 Other financial assets 227 164 304 258 531 422 Intangible assets 1 1 - - 1 1 Investment property - - 41 39 41 39 Loans 519 476 - - 519 476 Reinsurance and other recoveries 18 25 26 24 44 49 Property, plant and equipment 38 34 - - 38 34 Deferred reinsurance expense 18 16 - - 18 16 Deferred acquisition costs 3 3 - - 3 3 Deferred tax assets 3 3 - - 3 3 Total Assets 890 777 378 329 1,268 1,104 Liabilities Outstanding claims liability (105) (115) (234) (228) (339) (343) Trade and other payables (26) (27) (6) (7) (32) (32) Deposits (376) (508) - - (376) (508) Other financial liabilities (1) - - - (1) - Tax liabilities (13) (8) - - (13) (8) Provisions (4) (5) - - (4) (5) Unearned premium liability (45) (42) (20) (19) (65) (61) Securitisation liabilities (223) - - - (223) - Subordinated loans (20) (18) - - (20) (18) Total Liabilities (813) (723) (260) (254) (1,073) (975) Net Assets 77 54 118 75 195 129