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

30 Auditor-General for the Northern Territory February 2008 Report Analysis of the Treasurers Annual Financial Statement cont Table 3 Total Public Sector Components of Financial Position Balance at 30 June 2007 Movement for 2006-07 Balance at 30 June 2006 $ million $million $ million Cash and deposits 253.8 57.0 196.8 Advances paid 167.0 (35.1) 202.1 Investments, loans and placements 1,751.4 336.1 1,415.3 Deposits held (441.6) 147.4 (589.0) Advances received (285.8) 4.3 (290.1) Borrowings (2,320.0) (268.0) (2,052.0) Net Debt (875.2) 241.7 (1,116.9) Non-equity assets 233.3 (7.1) 240.4 Equity assets - - - Superannuation liabilities (2,087.4) (314.2) (1,773.2) Other employee entitlements and provisions (764.9) (15.7) (749.2) Other non-equity liabilities (294.3) (7.5) (286.8) Net Financial Worth (3,788.5) (102.9) (3,685.7) Carrying amount of non-financial assets 6,507.6 116.4 6,391.2 Net Worth 2,719.1 13.5 2,705.6 Note: Totals may not add due to rounding. From the table shown above, 2006-07 saw: An improvement in the total public sector net debt position, primarily as a result of the growth in financial assets in the form of investments, loans and placements which, together with the reduction in liabilities in the form of deposits held, outweighed the increase in borrowings for the year.