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Belyuen Community Government Council annual report 2018-19



Belyuen Community Government Council annual report 2018-19


Belyuen Community Government Council


E-Publications; E-Books; PublicationNT; Belyuen Community Government Council annual report; Annual Report




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Belyuen Community Government Council; Local government; Periodical

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Belyuen Community Government Council

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Belyuen Community Government Council annual report; Annual Report



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Belyuen Community Government Council



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BELYUEN COMMUNITY GOVERNMENT COUNCIL 31 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 NOTE 12: STATEMENT OF CASH FLOWS (a) Reconciliation of Cash Cash on hand at the end of the financial year as shown in the statement of cash flows is reconciled to items in the statement of financial position as follows: 2019 2018 $ $ Cash and cash equivalents 540,485 766,874 Balances as per Statement of Cash Flows 540,485 766,874 (b) Reconciliation of Change in Net Assets to Cash from Operating Activities Net (Deficit)/Surplus for the period (137,449) 136,326 Items not involving cash: Depreciation 212,703 187,436 (Profit) / loss on disposal of property, plant and equipment - 289 Changes in operating assets and liabilities: (Increase)/decrease in inventory 27,992 5,579 (Increase)/decrease in accounts and other receivables 28,525 21,598 (Increase)/decrease in other assets (5,497) (10,761) Increase/(decrease) in accounts and other payables 20,080 102,180 Increase/(decrease) in provisions 18,249 33,207 Net cash flows from Operating Activities 164,603 475,854 NOTE 13: CONTINGENT ASSETS AND CONTINGENT LIABILITIES On 9 February 2016, the Council received a letter from the Northern Land Council (NLC) in relation to section 19(5) of the Aboriginal Land Rights (Northern Territory) Act 1997 in relation to aboriginal land occupied by the Council. NLC advised the Council that they were seeking to charge lease payments to the Council for the lease of land upon which Councils buildings and infrastructure reside. NLC are seeking to back date these lease payments to August 2012. The Council disputes some of the land included by NLC. The Council has asked the Minister for Local Government and Community Services to negotiate with NLC in relation the matter, the outcome of which is not yet known. As at 30 June 2019, the amount of any potential obligation cannot be measured with sufficient reliability, and has not been recognised in the accounts.

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