Territory Stories

Department of Justice annual report 2005 - 2006



Department of Justice annual report 2005 - 2006

Other title

Annual report 2005-2006


Northern Territory. Department of Justice


E-Publications; PublicationNT; E-Books; Department of Justice annual report; Annual report




Includes "Correctional Services annual statistics 2005-2006".; Made available via the Publications (Legal Deposit) Act 2004 (NT).




Justice, Administration Of; Northern Territory; Northern Territory. Department of Justice; Periodicals; annual report

Publisher name

Northern Territory Government

Place of publication



Department of Justice annual report; Annual report





Now known as

Attorney-General's Department of the Northern Territory annual report

Previously known as

Department of Law annual report

File type



Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government



Parent handle


Citation address


Related items


Page content

98 14. Notes to the Cash Flow Statement Reconciliation of Cash The total of Agency Cash and Deposits of $2,076M recorded in the Balance Sheet is consistent with that recorded as cash in the Cash Flow Statement. Reconciliation of Net Surplus/(Deficit) to Net Cash From Operating Activities 2006 $000 2005 $000 NET SURPLUS/(DEFICIT) (6,138) (5,505) Non-Cash Items: Depreciation and Amortisation 4,041 3,847 Asset Revaluations 2,205 4 (Gain)/Loss on Disposal of Assets 0 (147) Changes in Assets and Liabilities: Decrease/(Increase) in Receivables 426 (52) Decrease/(Increase) in Prepayments (109) (27) (Decrease)/Increase in Payables (808) 1,045 (Decrease)/Increase in Provision for Employee Benefits (194) 347 (Decrease)/Increase in Other Provisions (136) 144 (Decrease)/Increase in Deferred Income 71 0 Correct Prior year Error (296) 0 NET CASH FROM OPERATING ACTIVITIES (938) (344) 15. Financial Instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial instruments held by the Department of Justice include cash and deposits, receivables, payables and finance leases. The Department of Justice has limited exposure to financial risks as discussed below. (a) Credit Risk The agency has limited credit risk exposure (risk of default). In respect of any dealings with organisations external to Government, the agency has adopted a policy of only dealing with credit worthy organisations and obtaining sufficient collateral or other security where appropriate, as a means of mitigating the risk of financial loss from defaults. The carrying amount of financial assets recorded in the financial statements, net of any allowances for losses, represents the agencys maximum exposure to credit risk without taking account of the value of any collateral or other security obtained. (b) Net Fair Value The carrying amount of financial assets and financial liabilities recorded in the financial statements approximates their respective net fair values. Where differences exist, these are not material. Notes to the Financial Statements For the year ended 30 June 2006 Annual Report 2005 2006 / Financial Statements

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