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 17 4.2. Contributions from South Australian Government 2019 2018 $'000 $'000 Recurrent contribution from South Australian Government 421 576 Total contributions from South Australian Government 421 576 Contributions are recognised as revenues when the Commission obtains control over the funding. Control over contributions is normally obtained upon receipt. 4.3. Revenue from services 2019 2018 $'000 $'000 Contribution to rail regulatory costs by Northern Territory Government 26 110 Total revenue from services 26 110 4.4. Other income 2019 2018 $'000 $'000 Other income 75 13 Total other income 75 13 Includes salary reimbursement of $54 000 and overseas travel reimbursement of $20 000 in 2019. 5. Non-financial assets 5.1. Property, plant and equipment 2019 2018 $'000 $'000 Buildings fit-outs Building fit-outs at cost (deemed fair value) 566 566 Accumulated depreciation (355) (295) Total buildings fit-outs 211 271 Total property, plant and equipment 211 271 Property, plant and equipment with a value equal to or in excess of $10 000 is capitalised, otherwise it is expensed. Property plant and equipment is recorded at fair value. Detail about the Commission's approach to fair value is set out in note 10.2. Impairment Property, plant and equipment have not been assessed for impairment as they are non-cash generating assets, that are specialised in nature and held for continual use of their service capacity and are subject to regular revaluation.