Territory Stories

Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)

Details:

Title

Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)

Other title

Tabled paper 1556

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2015-11-19

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

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C01622

Parent handle

https://hdl.handle.net/10070/273151

Citation address

https://hdl.handle.net/10070/799706

Page content

Northern Territory Motor Accidents (Compensation) Commission Annual Report 2015 Page 18 Motor Accidents (Compensation) Commission Financial Statements Motor Accidents (Compensation) Commission Annual Report 2014/2015 5 Statement of Changes in Equity for the year ended 30 June 2015 continued TIO Insurance & Banking Notes Retained Earnings Asset Revaluation Reserve MAC Road Safety Reserve Catastrophe Reserve Contributed Equity Hedging Reserve Total $000 $000 $000 $000 $000 $000 $000 Balance as at 1 July 2013 82,571 4,433 - 3,010 39,340 (93) 129,261 Profit for the period 18,375 - - - - - 18,375 Other comprehensive income - (86) - - - (80) (166) Total comprehensive income for the period 18,375 (86) - - - (80) 18,209 Transactions with owners in their capacity as owner MAC road safety reserve - - - - - - - Catastrophe reserve (3,343) - - 3,343 - - - Dividend paid (10,500) - - - - - (10,500) Transferred to retained earnings 4,347 (4,347) - - - - - (9,496) (4,347) - 3,343 - - (10,500) Balance as at 30 June 2014 91,450 - - 6,353 39,340 (173) 136,970 Profit for the period (5,495) (5,495) Other comprehensive income - - - - - 173 173 Total comprehensive income for the period (5,495) - - - - 173 (5,322) Transactions with owners in their capacity as owners MAC road safety reserve - - - - - - - Catastrophe reserve 6,353 - - (6,353) - - - Contributed equity - - - (39,340) - (39,340) Balance transferred to owner (92,308) - - - - - (92,308) (85,955) - - (6,353) (39,390) - (131,648) Balance as at 30 June 2015 - - - - - - - The above Statement of Changes in Equity should be read in conjunction with the accompanying notes. Financial Statements Motor Accidents (Compensation) Commission Financial Statements Motor Accidents (Compensation) Commission Annual Report 2014/2015 4 Statement of Changes in Equity for the year ended 30 June 2015 MACC Notes Retained Earnings Asset Revaluation Reserve MAC Road Safety Reserve Catastrophe Reserve Contributed Equity Hedging Reserve Total $000 $000 $000 $000 $000 $000 $000 Balance as at 1 July 2013 - TIO 311,164 19,023 5,000 3,010 39,340 (93) 377,445 Profit for the period 40,365 - - - - - 40,365 Other comprehensive income - (454) - - - (80) (534) Total comprehensive income for the period 40,365 (454) - - - (80) 39,831 Transactions with owners in their capacity as owner MAC road safety reserve - - - - - - - Catastrophe reserve (3,343) - - 3,343 - - - Dividend paid (10,500) - - - - - (10,500) (13,843) - - 3,343 - - (10,500) Balance as at 30 June 2014 - TIO 337,687 18,569 5,000 6,353 39,340 (173) 406,776 Profit for the period 13,174 - - - - - 13,174 Other comprehensive income - - - - - 173 173 Total comprehensive income for the period 13,174 - - - - 173 13,347 Transactions with owners in their capacity as owners MAC road safety reserve 5,000 - (5,000) - - - - Catastrophe reserve 6,353 - - (6,353) - - - Asset revaluation reserve 18,569 (18,569) - - - - - Contributed equity - - - - (39,340) - (39,340) Dividend paid (140,000) - - - - - (140,000) Balance transferred to owner (92,308) - - - - - (92,308) (202,386) (18,569) (5,000) (6,353) (39,340) - (271,648) Balance as at 30 June 2015 - MACC 148,475 - - - - - 148,475 The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.


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