Territory Stories

Annual Report 2000/2001 Territory Housing



Annual Report 2000/2001 Territory Housing

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Tabled paper 154


Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT






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Territo ry Housing Annual Report . Territory Housing sss Services Notes to the Financial Statements i ended 30 June 2001 (d) Goods and Services Tax (continue The net amount o f GST recoverat current asset o r liability in the staten Cash flows are included in the state components o f cash flows arising recoverable from, o r payable to, the^ (e) Borrowing costs Borrowing costs include interest and I ayable to, the ATO is included as al1 icial position. flows on a gross basis. The GST ; and financing activities which are classified as operating cash flows. : changes and are expensed as incurred. (f) Taxation Territory Housing Business Services-! profits, excluding extraordinary iter in accordance with the requirement Equivalents Regime. (g) Cash For the purpose o f the statement < cash held in Territory Housing Busir pay income tax on its accounting ipany tax rate o f 34% (2000: 36%) easurer's Directions and the N T Tail:;, s, cash includes cash on hand and ts Operating Account. (h) Receivables Rental and other charges The collectability o f debts is assess maintenance and other debtors. De provision account where tenants assessed as not viable. jf tn d fo r current rental, current ten o ff during the year to the sed o r collectability is similarly Home Loans The collectability o f debts is assess provision o f 100% o f unsecured he unsecured loans and deeds o f ar arrears have been individually asses with industry averages and provisic id fo r secured home loan debtors. A tors is provided at year end, as a high risk o f non payment. O ther )irector Home Ownership in line allowed fo r on that basis. page 100

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