Territory Stories

2018-2019 Treasurer's Annual Financial Report

Details:

Title

2018-2019 Treasurer's Annual Financial Report

Other title

Tabled paper 1407

Collection

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

Date

2019-10-16

Description

Tabled by Nicole Manison

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/10070/754983

Citation address

https://hdl.handle.net/10070/773091

Page content

Notes to the financial statements 127 Notes to the financial statements For the year ended 30 June 2019 44. (a) (continued) 13. Capital grants increased by $126.2 million since the original 2018-19 Budget predominantly due to remote headworks and infill servicing paid to Indigenous Essential Services combined with additional capital grants including upgrades to sporting facilities and public schools and community infrastructure. 14. Subsidies and personal benefit payments decreased by $31.4 million since the original 2018-19 Budget due to lower transitional payments relating to the National Disability Insurance Scheme and reclassification of expenditure to other categories, partially offset by additional natural disaster relief and recovery payments. 15. The movement in other economic flows included in the operating result largely relates to: actuarial adjustments to long-term liabilities of $71.5 million largely related to MACC and workers compensation liabilities in Central Holding Authority repairs and maintenance expenses that cannot be capitalised in capital works and assets written-off across agencies of $46.7 million net loss on sales of land and investment properties of $25.1 million. 16. The decrease in other economic flows included in other comprehensive income predominantly relates to the movement in the 10-year bond rate used in valuing the Territorys superannuation liability, a decrement in the public non financial sectors reserves following revised valuation methodology, partially offset by the realisation of reserves for assets disposed across agencies. 17. Purchases of non financial assets were $169 million lower than originally budgeted largely as a result of the revised timing of information and communications technology (ICT) systems, remote housing and roads programs. 18. Sales of non financial assets were $21.8 million higher than originally budgeted, largely due to the sale of investment property in MACC partially offset by lower sales of public housing stock. 19. Other movement in non financial assets of $97.3 million predominantly reflects the assets acquired for nil consideration in relation to the INPEX workers village at Howard Springs.


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