Territory Stories

Annual Report 2018-2019 Essential Services Commission of South Australia

Details:

Title

Annual Report 2018-2019 Essential Services Commission of South Australia

Other title

Tabled paper 1481

Collection

Tabled papers for 13th Assembly 2016 - 2020; Tabled papers; ParliamentNT

Date

2019-11-27

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Department of the Legislative Assembly

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/755171

Citation address

https://hdl.handle.net/10070/768714

Page content

Essential Services Commission Notes to and forming part of the financial statements for the year ended 30 June 2019 7 NOTES TO THE FINANCIAL STATEMENTS 1. About the Essential Services Commission .............................................................................. 9 1.1. Reporting entity ............................................................................................................................. 9 1.2. Statement of compliance ............................................................................................................... 9 1.3. Basis of preparation ...................................................................................................................... 9 1.4. Administered items ........................................................................................................................ 9 1.5. Comparative information ............................................................................................................. 10 1.6. Taxation ....................................................................................................................................... 10 1.7. Objectives .................................................................................................................................... 10 1.8. Activities ...................................................................................................................................... 11 2. Commission, committees and employees ............................................................................. 12 2.1. Key management personnel ....................................................................................................... 12 2.2. Commission and committee members ........................................................................................ 12 2.3. Employee benefits expenses ...................................................................................................... 13 2.4. Employee benefits liability ........................................................................................................... 14 3. Expenses .................................................................................................................................... 15 3.1. Supplies and services ................................................................................................................. 15 3.2. Depreciation and amortisation .................................................................................................... 15 3.3. Other expenses ........................................................................................................................... 16 4. Income ........................................................................................................................................ 16 4.1. Revenue from licence and administration fees ........................................................................... 16 4.2. Contributions from South Australian Government ...................................................................... 17 4.3. Revenue from services................................................................................................................ 17 4.4. Other income ............................................................................................................................... 17 5. Non-financial assets ................................................................................................................. 17 5.1. Property, plant and equipment .................................................................................................... 17 5.2. Intangible assets ......................................................................................................................... 18 6. Financial assets ......................................................................................................................... 19 6.1. Receivables ................................................................................................................................. 19 7. Liabilities .................................................................................................................................... 19 7.1. Payables ...................................................................................................................................... 19 7.2. Provisions .................................................................................................................................... 20 7.3. Other liabilities ............................................................................................................................. 20 8. Changes in accounting policy ................................................................................................. 21 8.1. Treasurers Instructions (Accounting Policy Statements) ........................................................... 21 8.2. AASB 9 Financial Instruments .................................................................................................... 21 9. Outlook ....................................................................................................................................... 22 9.1. Unrecognised contractual commitments ..................................................................................... 22 9.2. Contingent assets and contingent liabilities ................................................................................ 22 9.3. Impacts of standards and statements not yet effective ............................................................... 23 9.4. Events after the reporting period ................................................................................................. 24


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