February 2008 report to the Legislative Assembly
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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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94 Auditor-General for the Northern Territory February 2008 Report Data Centre Services cont Financial analysis Abridged Income Statement 2007 2006 $000 $000 Revenue from ordinary activities 18,266 17,052 Less expenses from ordinary activities Operational costs (9,753) (8,508) Employee Expenses (4,738) (4,138) Depreciation and amortisation (1,485) (1,085) Borrowing costs (24) (65) Total expenses from ordinary activities (16,000) (13,796) Net surplus before income tax expense 2,266 3,256 Less income tax expense (680) (977) Net surplus 1,586 2,279 Less dividends (793) (1,139) Retained surplus 793 1,140 The net surplus before tax and dividends of $2.27 million is a decrease of $0.99 million (30%) from prior year. With the acquisition of the Z Series Virtual Mainframe in the last financial year, DCS has expanded its capacity and services provided especially in the mid-range services and the ePASSII project. The ePASSII project is a major system development and implementation project with substantial costs being incurred during the initial project implementation phase. This directly contributed to the increase in sales of goods and services by $1.19 million, a corresponding $1.32 million increase in purchases of goods and services, and $0.4 million increase in depreciation expenses. The increase in employee expenses is consistent with the increase in number of employees from 57 employees as at 30 June 2006 to 59 employees as at 30 June 2007.